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ONDAS Ondas Holdings Reports Second Quarter 2021 Financial Results August 16 , 2021 Executed transformative acquisition of American Robotics Completed $ 51.5 million public offering Continued progress in Rail markets supported by expanded Siemens ' activity NANTUCKET , Mass .-- ( BUSINESS WIRE ) -- Ondas Holdings Inc. ( NASDAQ : ONDS ) , a leading provider of private wireless data and drone solutions through its wholly owned subsidiaries , Ondas Networks Inc. ( " Ondas Networks " ) and American Robotics , Inc. ( " American Robotics " or " AR " ) , today announced financial and operating results for the second quarter of 2021. Management is hosting an earnings conference call and audio webcast to discuss results today , August 16 , 2021 , at 8:30 a.m. ET . During the second quarter of 2021 , Ondas Holdings continued to make significant business development progress at its subsidiary , Ondas Networks , which included the evolution of multiple network opportunities with the Class I rails and its strategic relationships with Siemens and AURA . Ondas Holdings also announced in May it had entered into a definitive agreement to acquire American Robotics , a leading developer of highly automated commercial drone systems , thereby creating a leading MC - loT data and drone solutions platform company servicing commercial and government markets . The acquisition of American Robotics closed on August 5th . In addition , the Company completed a $ 51.5 million equity raise in June providing significant growth capital to support its business expansion plans . " During the second quarter , Ondas continued to position itself for success in the MC - loT markets we are targeting , " said Eric Brock , Ondas ' Chairman and CEO . " We continued to advance our business activity with the Rails , Siemens and AURA bringing those projects closer to completion and volume production . We announced and have now completed the strategic acquisition of American Robotics , opening a brand new , substantial worldwide TAM . And we strengthened our balance sheet by raising $ 51.5 million in a public equity offering and extinguishing 95 % of our debt . " Recent Highlights • Entered into a definitive agreement to acquire American Robotics , a leading developer of highly automated commercial drone systems and the first company approved by the FAA to operate its drones beyond - visual - line - of - sight ( " BVLOS " ) without a human operator on - site . The acquisition was completed on August 5th with overwhelming support from our shareholders with approximately 99.7 percent of the votes cast supporting the acquisition . • Strengthened our balance sheet by raising $ 51.5 million through a public equity