Mentioned:
The United Arab Emirates believes in drones for the future of public safety. And now, they’re cutting a new deal with Ondas Holdings to scale up their drone hardware.
What’s happening:
- Ondas Holdings (NASDAQ: ONDS) has won a new contract with a government entity in the United Arab Emirates for $3.2M USD for their Optimus System drone network
Why it matters:
- The United Arab Emirates has been leveraging drones for first response to emergency situations as part of a government backed initiative known as Drone Box and has been rapidly adoption leading edge drone technology as a new paradigm for public safety
Going deeper:
- Ondas Holdings has already been operating their Optimus System drone network in the United Arab Emirates for years and has successfully conducted thousands of flights
- Ondas Holdings has also been scaling up their drone technology globally of late, including launching live demonstrations of their counter drone system Iron Drone Raider in Asia, Europe and the Middle East
The intrigue:
- Palantir (NASDAQ: PLTR) and Ondas Holdings recently made waves when they formed a new partnership focused on leveraging artificial intelligence for autonomous drone operations
