Mentioned:
The race to build important drone companies in America keeps heating up.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) has received a Beyond Visual Line of Sight waiver from the Federal Aviation Administration for the drone operations of their subsidiary American Robotics
Why it matters:
- The new approval will allow American Robotics to be able to fly drones above people and moving vehicles and have their fleet of drones be operated from a remote control centre, which dramatically expands the types of deals and partnerships they can enter into
Going deeper:
- Ondas Holdings has been landing meaningful new commercial deals for drones recently, including landing a partnership with a large semiconductor company for aerial security
- Drones have been one of the hottest trends in the public markets of late, which has been largely fuelled by large scale partnerships between companies such as Palantir (NASDAQ: PLTR) and Red Cat Holdings (NASDAQ: RCAT)
The intrigue:
- Early investor and board member of Ondas Holdings Joe Popolo was just recently appointed by Donald Trump to become the next ambassador to the Netherlands
