Welcome to the Ondas Holdings Inc.'s second quarter 2021 earnings conference call. Before we begin, the company would like to remind you that this call may contain forward-looking statements. While these forward-looking statements reflect Ondas' best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking statements. These risk factors are discussed in Ondas' periodic SEC filings and in the earnings press release issued today, which are both available on the company's website. Ondas undertakes no obligation to revise or update any forward-looking statements to reflect future events or circumstances, except as required by law. Please note this event is being recorded. I would now like to turn the conference over to Eric Brock, Chairman and CEO. Please go ahead. Good morning, welcome to Ondas' second quarter investor call. I'm joined today by Stewart Kantor, our President and CFO, and Reese Mozer, the CEO of our wholly owned subsidiary, American Robotics. For those of you who have been following the company, you are well aware that Ondas had a very eventful second quarter. In May, we entered into a definitive agreement to acquire American Robotics, a leading developer of commercial drone systems and the first company approved by the FAA to operate its drones beyond visual line of sight without the presence of a human operator. The acquisition was completed on August 5th, and we received overwhelming support from our shareholders with approximately 99.7% of the votes cast supporting the acquisition. In June, we completed a $51.5 million public offering, the proceeds of which will allow the company to support the planned rapid growth for both Ondas Networks and American Robotics. We also used the opportunity to retire almost all the company's debt, leaving us with an extremely strong balance sheet. During the quarter, we advanced our plans toward driving FullMAX network adoption with the Class I rails. We expanded our strategic partnership with Siemens, and substantially completed our phase I development work with AURA Networks to support their nationwide command and control network for commercial drones. Our agenda for the call today will include a financial update from our CFO, Stewart Kantor, covering the second quarter and first half of 2021. We will provide an update on the Ondas Networks business before handing the call over to Reese for an update on American Robotics. I'll provide a summary outlook for the company at the end before turning the call over for Q&A. Stewart, I will now hand the call to you to provide more details on Q2 and the financial outlook. Thank you, Eric. As Eric mentioned, we did have an eventful quarter, which included making a $2 million loan to American Robotics in April in advance of the announced agreement in May, executing on a $51.5 million equity raise in early June, and leading the effort to complete the acquisition, all while continuing to advance both the Ondas Networks and American Robotics' businesses. As I shared our financial results for Q2 and the first half of the year, please note that we have included financial statements in this morning's press release, and we'll be filing our 10-Q by the end of the day. The numbers we are reporting do not include financials for American Robotics for the quarter. We'll be publishing AR's second quarter and pro forma financials in several weeks. I'd also like to mention that we don't intend to provide financial guidance given the maturity of the businesses and the recent acquisition of AR. We will continue to update our shareholders in real time as we achieve milestones. Moving to our results in the second quarter. Revenues decreased by 25% to approximately $0.9 million for the three months ended June 30th, 2021, as compared to approximately $1.2 million for the three months ended June 30th, 2020. The decrease in revenue was primarily due to lower product sales, which were offset by an increase in development revenue in the three months ended June 30th, 2021, as compared to the three months ended June 30th, 2020, during which the company fulfilled a large network product order. Gross profit decreased by 50% to $0.3 million for the three months ended June 30th, 2021, as compared to $0.6 million for the three months ended June 30th, 2020. This was as a result of lower revenue and higher cost of goods related to development agreements. Gross profit on a percentage basis was approximately 35% for the three months ended June 30th, 2021, compared to 53% for the three months ended June 30th, 2020. The lower gross profit percentage was driven by the change in mix between development revenue at a lower margin than product revenues. Operating expenses were relatively flat at $3.4 million for the three months ended June 30th, 2021, as compared to the three months ended June 30th, 2020. Stock-based compensation decreased by approximately $0.8 million in the three months ended June 30th, 2021, which is offset by a total increase of approximately $0.8 million for professional fees related to the American Robotics acquisition and facilities-related expenses for the three months ended June 30th, 2021. The company realized an operating loss of approximately $3.1 million for the three months ended June 30th, 2021, as compared to $2.8 million for the three months ended June 30th, 2020. The difference was driven primarily by lower revenues and lower gross profit during the period. Net loss was approximately $2.8 million for the three months ended June 30th, 2021, as compared to a net loss of $3.2 million in the three months ended June 30th, 2020. The net loss was lower, primarily due to loan forgiveness of approximately $0.7 million and a decrease in interest expense of approximately $0.1 million, as compared to the three months ended June 30, 2020. Transitioning to our first half numbers over the prior year. Revenues grew by 50% to approximately $2.1 million for the six months ended June 30, 2021, as compared to approximately $1.4 million for the six months ended June 30, 2020. Revenue growth was due primarily to larger development projects with Siemens and AURA during the first half of 2021. Gross profit increased by 45% to $0.9 million as a result of higher revenue for the six months ended June 30, 2021, as compared to $0.6 million for the six months ended June 30, 2020. Gross profit on a percentage basis was approximately the same at 45% for the six months ended June 30th, 2021, as compared to 47% for the six months ended June 30th, 2020. Operating expenses increased approximately 21% to $6.9 million for the six months ended June 30th, 2021, as compared to $5.7 million for the six months ended June 30th, 2020. This increase was driven primarily by professional fees associated with the acquisition of American Robotics. The company realized an operating loss of approximately $6 million for the six months ended June 30th, 2021, as compared to a similar loss for the six months ended June 30th, 2020. Increased operating expenses from the American Robotics acquisition was the primary driver, despite the growth in revenues and gross profits. Net loss was approximately $6 million for the six months ended June 30th, 2021, with a similar net loss for the six months ended June 30th, 2020. Now turning to our balance sheet. The company held cash and cash equivalents of approximately $58.5 million as of June 30th, 2021, as compared to approximately $26.1 million as of December 31st, 2020. We'd like now to move to the milestones achieved in our second quarter for Ondas Networks, along with the network's outlook, and then transition to the same for American Robotics. We continue to work closely with the Class I rail and our strategic rail partner, Siemens, to advance the adoption of Ondas' FullMAX platform in the 900 MHz network greenfield spectrum. Our multiple test networks with BNSF and CSX continue to be exercised in the field. Our real-world learnings are paving the path for implementation. The rail industry continues to rally around the 802.16s and 802.16p standard with active participation in the standards process. We'd like to remind you that the standard is based on our FullMAX technology. The federated or shared network capability of our FullMAX platform is an important feature of the 900 MHz network. The Rail Industry Leadership Committee notified us in June that the rail lab was approved and that we can expect to receive the purchase order in the second half of 2021. We'll share that news as soon as we receive it. This order is more validation of the opportunity we have in the rail markets. As we move through the year, we'll look to share more information regarding the timing of the 900 MHz network deployment. Our partnership with Siemens continues to deepen and widen with a major launch of our dual-mode ATCS products this September. Siemens is putting their full marketing muscle behind these products, which will continue to become more and more apparent in the near future. The feedback from the rail customers is they understand the value and the capabilities of ATCS with FullMAX inside. Remember, these products smooth the transition for the existing legacy ATC network to the new greenfield 900 MHz spectrum. Continuing with Siemens, on our last earnings call, we made you aware of a new development program that was initiated in Q1. We received the initial purchase orders last quarter, and that development project, which is our first onboard locomotive product, is well underway, with expected completion by the end of the year. Importantly, Siemens intends to market this product worldwide, not just in North America. We'll provide additional updates on this exciting new product in the near term. We also want to note that we expect to secure additional product integration agreements with Siemens in the second half of 2021. Also in June, both AURA and American Robotics were invited to participate in the FAA's Unmanned Aircraft Systems Beyond Visual Line of Sight Aviation Rulemaking Committee. We want to tell you that we substantially completed that work in the second quarter with more than 80 hours of real-world helicopter flight testing. The development work is now transitioning to a test and demonstration network for AURA's customers with additional demand for equipment. I'd also like to highlight that AURA has made some significant announcements recently. On July 28th, they announced the closing of an approximate $31 million Series A financing. This followed a previous announcement on July 12th, in which NASA had selected AURA for their advanced air mobility campaign for integrating air taxis, cargo delivery aircraft, and other new air vehicle concepts into national airspace. Also, I'd like to highlight in June, both AURA and American Robotics were invited to participate in the FAA's Unmanned Aircraft Systems Beyond Visual Line of Sight Aviation Rulemaking Committee. To summarize, we believe the networks business is on the cusp of a widespread adoption for several critical industries. I'd like to transition back to Eric to introduce American Robotics and Reese Mozer. Eric? Thank you, Stewart. We continue to make substantial progress on the Ondas Networks front. Let's turn to American Robotics. As you have heard, American Robotics is leading the charge in the commercial drone sector. They bring both a first-in-class and a best-in-class complete drone-in-a-box platform called the Scout System. AR has secured unique and critical regulatory approvals via the FAA that allow for widespread commercial deployment of Scout Systems. The Scout is a type of solution that is coveted by our critical infrastructure customers, the addressable market for the Scout drone platform can be extended with the integration of Ondas' mission-critical FullMAX wireless technology. Scout can benefit from Ondas Networks' robust wireless connectivity, Ondas Networks customers can benefit from a new, hugely valuable means of data collection. The AR acquisition was a bold move for Ondas, the reception has been extremely positive. Opening the eyes of our customers, ecosystem partners, and many industry participants who are looking for complete end-to-end next-generation data solutions. Reese, Vijay, and the American Robotics team have already been hard at work scaling the AR business plan. I will now ask Reese to give an update on where we're at in ramping that growth plan. After Reese, I will wrap the call and turn to Q&A. Reese? Thank you, Eric. It's a pleasure to attend our first quarterly investor call officially under the Ondas umbrella. We've had quite a year since we announced our historic FAA approval, which culminated in merging American Robotics and Ondas Holdings. I know I speak for our entire team that we are thrilled to be here and are ready to scale and deliver for both our customers and investors. We've already begun to put together the key building blocks for growth at American Robotics. As previously discussed, we launched our growth plan after receiving initial funding from Ondas in April 2021, prior to reaching the definitive agreement in May. We started building inventory of Scout System and have launched a hiring plan to put a world-class team in place to support our rapid growth potential. Previously, we indicated plans to produce tens of units of Scout systems. We have made our initial orders to do so. We've identified customers for initial installations as we move through Q3 and Q4 of this year. Our customer pipeline has historically been focused on ag markets. Since receiving our critical FAA approvals and with the funding and acquisition by Ondas, we have seen a significant demand ramp in high-valued industrial markets such as oil and gas, mining, and rail. The applicability for this technology is huge. At the outset, we will concentrate our energies on the largest sophisticated customers who have existing drone programs that they are looking to scale with automated solutions. We also plan to leverage Ondas Networks' customer base and worldwide distribution partners. This business plan calls for significant investment in people across all aspects of the organization. We are adding software, hardware, manufacturing, and customer support engineers, and we'll be continuously advancing our Scout platform and its capabilities. Importantly, we are now investing in and building out our field service operational capabilities as our customers are large, sophisticated, and demand quality execution from their vendors. Combining that requirement with the significant market demand for our product, we're investing to ensure an industry-leading experience from day one. To that end, I want to highlight a few critical hires that relate to this plan. In May of this year, we hired Kevin Willis as American Robotics VP of Sales. Kevin has hit the ground running as he brings with him decades of experience, including serving as the vice president of sales for Kiva Systems, which was sold to Amazon and now operates as Amazon Robotics. Michael Gatewood has been hired as American Robotics Director of Flight Ops. Michael Gatewood will oversee, formalize, and grow the company's flight operations program. Prior to American Robotics, Michael Gatewood was flight operations manager at AeroVironment and brings with him two decades of engineering and aviation management experience. Additionally, last week, we announced the hiring of Michael Clatworthy as our VP of operations. Michael Clatworthy is an exceptional hire that will help accelerate our corporate and customer ops. Prior to American Robotics, Michael Clatworthy was the head of operations for Avitas Systems, which is Baker Hughes' internal drone company. Michael Clatworthy helped found Avitas when it was part of GE and has grown their operations from concepts to 1,500 customer sites per quarter. As mentioned, we see significant pent-up customer demand and have received purchase orders post-deal announcement. I would like to highlight two. First, we announced a purchase order from Stockpile Reports in July. Stockpile provides best-in-class supply chain data solutions for bulk products that are mined and processed, such as rock, gravel, cement, and aggregates. This is a huge industry with more than 10,000 sand and gravel mines and more than 3,000 ready-mix and asphalt plants in the U.S. alone. Stockpile has an impressive customer base of leading players serving over 300 companies in 48 countries. The data generated and analyzed by Stockpile is used not just for inventory management, but also has tremendous value for supply chain optimization. When you can have near real-time information on inventory levels, the opportunity to create that impact the bottom line profitability for Stockpile customers is massive. Again, there are thousands of these types of locations in the U.S. alone, and just one of Stockpile's customers generates nearly $5 billion per year in revenue. The market is eager for better supply chain data, and the Scout System is the best-positioned technology to deliver. Similarly, we also announced in July an initial purchase order from a Fortune 100 oil and gas producer. The oil and gas industry represents a major new market for American Robotics, with more than 90,000 oil and gas wells and over 500,000 mi of pipeline in the U.S. that require constant monitoring and inspection. This customer has a variety of use cases, ranging from well pad inspection to monitoring of remote facilities and emissions monitoring. This customer, like many industrials, has an active drone program that currently relies on pilots. The Scout System will take over many of these jobs, generate data more frequently, more reliably, and at a lower cost. Eric, I'll turn it back over to you now. Thank you, Reese. Quite clearly, we are full steam ahead at American Robotics. We got an early start in May on launching their plan, and we will accelerate customer activity as quickly and prudently as we can. Our goal is to position American Robotics to eventually deploy thousands of autonomous Scout Systems in the field. We intend to build a dominant commercial drone platform and are all in on doing so. We do want to carve out time to do a deeper dive with our investors on the American Robotics market opportunity, growth strategy, and many additional details around the AR business plan. To do this, we intend to schedule an AR-focused business update targeted for September. We will be in touch with more details about that event soon. Let's wrap it up before we move to Q&A. Ondas has made tremendous progress this year, positioning the company for huge growth in large, open-ended markets. Importantly, we are getting closer to turning the investments we have made into revenue. We announced and closed the transformative acquisition of American Robotics in just a few short months, and then significantly strengthened our balance sheet by raising $51.5 million in a public offering. The equity offering allowed us to eliminate virtually all our debt and secure growth capital to allow us to fully execute our plan. We have momentum. In addition to the huge opportunity with American Robotics, Ondas is executing on our critical initiatives and driving platform adoption. Starting with the rails, Siemens, and AURA, we are establishing our MC-IoT platform as the default next-generation wide-area mission-critical industrial network. Operator, we can now open the call to Q&A. Thank you. We will now begin the question-and-answer session. To ask a question, you may press star then one on your touch-tone phone. If you're using a speakerphone, we ask that you please pick up your handset before pressing the keys. To withdraw your question, please press star then two. Today's first question comes from Tim Horan at Oppenheimer. Please go ahead. Hey, guys. Thanks a lot. Can you elaborate on, I think you said in June, the lab approved the FullMAX equipment? Maybe what lab and just a little bit more color around what does that mean? Sure, absolutely. Thank you, Tim. Let me talk about what we mean by the federated rail lab, the mission-critical IoT lab, and remind you that this is connected to the work on the 900 MHz network. Recall that our FullMAX software-defined wireless platform is a new paradigm. We're bringing bandwidth, but we're also bringing flexibility that the railroads in these industrial markets have never had before. As it relates to the railroads, in certain high traffic areas, there's multiple rails operating. We like to point to Chicago as sort of the poster child for that, right? All the rails come in, they terminate their traffic there, and of course, that creates logistical and operational issues on the network in particular, because there's a lot of demand for data capacity. In the legacy network, which is going to be retired, the legacy 900 MHz, the rails have historically had to carve out that spectrum into small, tiny, inefficient networks that each individual rail would operate, obviously compromising the capacity for the system. We can bring a shared network, provide more capacity, and then our software can allocate or manage that traffic to maximize throughput and guarantee a much higher level of quality of service. That's what the rail lab is for. You can think of it as additional planning activity related to the network adoption. I'd also highlight that the rail lab's going to be evergreen, right? This is going to be a lab that we establish, and given the flexibility of the network, the railroads are always going to be testing, sort of looking to see how to optimize traffic, but also how to add new applications, because we're giving them the capacity to do just that. That's the rail lab. As we discussed on our last call, we've been working with the rails on the 900 MHz in the field for a long time. The shared element of the lab was taken up by the Wireless Communications Committee under the AAR to the senior-most operating group for the rails, and that's where we received the support for the lab. As Stewart mentioned in his comments, we expect a purchase order for the formal work on the lab in the fourth quarter. Has the Association of American Railroads, have they endorsed your FullMAX network? Have they said anything publicly or formally? They haven't formally done that, and they won't until they're ready to give us the initial purchase order. I'd say that, let me just build on that, Tim. The work on the 900 MHz with the Class I rail continues to be very good and collaborative. Of course, Siemens is arm in arm with us as we navigate the process. As I mentioned, we have gone through this process where the Wireless Communications Committee has essentially taken us up the hill. I think that the fact that the senior-most operating committee of the Rail Association has endorsed the lab, that's a very good sign, quite a bit of validation for what we're doing. I'd also add, though, as you think about what we're doing on 900 MHz, it really shows the complexity of the process, right? We're adopting a new mission-critical network, which is of significant size, this 900 MHz system. Getting these rails all organized under that centralized, coordinated operating groups is sort of what we're managing through now. The purchase order, will that be from multiple railroad companies? Do you expect individual ones for each rail? Secondly, if you get the purchase order in the fourth quarter, when do you start recognizing revenue? Okay, I'll take that second part of the question last. We would recognize revenue in the fourth quarter. We can set that lab up pretty quickly. In fact, we've already have the basic structures outlined and equipment ready. Then in terms of the order, it's unclear exactly sort of what budget it's coming from. We do believe it's going to be supported at the industry level. In fact, we think the participation amongst the Class I rails will be much wider than we thought initially. I'll remind you that most of the work in the field has been led by BNSF and CSX. They continue to be very active, but the lab's also an opportunity to bring the others into the fold. Ultimately, it'll be purchase order with each individual rail company, correct? Ultimately, on the deployment, it will be. In terms of where the order comes or what budget, it remains to be seen. Just to be clear, this purchase order, is it coming from the lab or is it coming from the individual rail companies here? Well, the purchase order we're talking about is for the Federated network lab. Do we have a sense how large it could be or how large initial purchase orders in the fourth quarter could be, broadly speaking? Yeah, we're not able to share that information today. Okay, great. Do you have a sense how much the rails have to spend now to vacate and upgrade the 900 MHz spectrum? Just a higher-level sense on the timing when they have to spend that. All indications are we're strongly positioned to deliver on this 900 MHz network, but of course, the question is timing, Timothy. We can't give you a precise date for the commercial PO and when that starts. We're working closely with the rails, and we're earning the business, but the purchase order is going to come when they're ready. We'll be sure to notify our investors as soon as we can. Okay, great. Any sense on how large, now you've been studying this, and it sounds like more rails, any sense how much they have to spend with you guys to upgrade the network, ultimately? Well, we think the network is in the hundreds of millions of dollars of potential market. I don't have anything to add beyond what we've talked previously in terms of market size. Great. Just lastly, just curious on the drones. What can the concrete industry do with the drones, essentially, to improve operations? Just out of curiosity, at a high level, what they're using it for. Sure. Reese, would you like to take that? Yeah, sure. Can you just repeat which industry you were asking the question about? Sorry. I think you said you won a very large contract in the mining industry that was more focused on aggregates and concrete. Just curious, just some examples of what they would do to improve productivity? Yeah, sure. Absolutely. The initial use case is around stockpile analysis and management. It's about having a daily representation of exactly what you have in your stockpile yard, your facility, to optimize things like supply chain management and logistics, where materials are being moved to and from. It's really just about having up-to-date, accurate information about how much of any of these materials you actually have. I see. Thank you. Thanks, guys. Good luck. Our next question today comes from Mike Latimore at NCM. Please go ahead. Great. Good morning. Thanks for taking the question. I guess on the American Robotics initial winter stockpile and the Fortune 100 company, can you talk about the rollout with these two customers? Just the process there. Do they start with trials and then get commercial over time? Just how would that work with these two? Yeah, sure. The short answer is yes. Typically, with industrial customers, the sales process that we see is starting out with trials in the single-digit units, and then, after reaching some sort of success criteria after, call it three to six months, that transitions into larger commercial deployments. With any of these customers, including Stockpile and the Fortune 100 oil and gas company, part of our initial discussions with them is what does scale look like? Since we received that FAA approval in January, we've received a lot of inbound interest. Frankly, more than we can handle. One of our tasks right now is qualifying who's worthy of being in this first wave of customers and who has the biggest potential to convert to hundreds of units. One of the reasons we selected those two companies that we've referenced publicly is because they have the ability to scale to eventually hundreds of units in the culturally near-term. That makes sense. Good. Are you finding that customers are willing to pay you under a kind of a SaaS model, or do some of these guys want to just kind of buy the system outright? Yeah, it's a great question. On a whole, most are interested and accept the SaaS-based model. There's a couple industries that based on their kind of historical accounting practices, may prefer to shift it more to a CapEx model. We're working with them, again, in the lens of making sure that that fits with our scaling up business plan. We don't want to change too many things for everybody. If they represent a large potential order of hundreds of units, then we're willing to work with that customer. Yeah. Then you're doing a lot of investing in American Robotics, kind of across the board. You mentioned software, hardware as well. What would be the next big kind of technology update you'd like to see for your platform? Yeah, I'd say it's a little bit more on the operations side of things, but technology related. Our big focus right now is scaling up field operations things like installation, maintenance, design for manufacture. We want to make sure that the process of building and installing and servicing hundreds of units is efficient and goes well for our customers. There are some technology elements around that we're investing in, again, to make sure that our customers have the best possible experience. Got it. Just shifting to the rail opportunity for a second. Assuming the lab order comes in the fourth quarter, what would be the next step after that? Do they kind of deploy and test things for a couple quarters and then we get commercial orders after that? Mike, I'll ask Stewart to fill in. The lab work is around the element of the shared system, as I described earlier. If you think about the 900 MHz, or the rail footprint, I'll say, most of the territory is solely operated and owned track. We think that's where the initial build-out is going to take place with the shared element coming in in parallel sort of somewhere in the process. We still target with Siemens the ATCS deployments in 900 MHz and the initial commercial deployments with the rails. Like I said, it's likely going to be in the solely operated territories to start. Stewart, would you talk a little bit about the lab and how long that'll be in place? I think that's right. As Eric mentioned, the federated concept is where they are intermodal, where they connect. As we mentioned, both BNSF and CSX have their existing test networks out deployed and those continue to progress. I would say that, right, the orders will be coming from the individual railroads and they're not necessarily linked to the lab timing. The lab timing is really the intermodal focus. I think we need to just have you stay tuned as we make progress with the individual rails too with the Siemens support. We mentioned that ATCS is being formally launched in September with Siemens and the rails are understanding the value of that product, where it both supports the legacy platform and allows for the transition to the greenfield at the same time. All those things are coming together where the individual rails are understanding the value and then also the intermodal or where they connect component. I would say they're not completely linked as gating items. They're independent. That would go for the ATCS product too, it sounds like? Correct. Yeah. Okay, thanks a lot. Thanks, Mike. Ladies and gentlemen, as a reminder, if you'd like to ask a question, please press star then one. Today's next question comes from Carter Mansbach with Forte Capital Group. Please go ahead. Good morning, gentlemen. Congratulations on all your developments. I have two questions. One is in the way of projections. At what point will we begin to have clarity on future growth? The second question is regarding contracts. I'm sure there's competitive natures that play in here, but at any point, are we going to know the names of these Fortune 100 companies that both companies are getting contracts on? All right. Thank you, Carter. The answer to the last question is yes. At the appropriate time, we'll be able to share more details on customers and name names. For competitive reasons and business reasons, we chose not to on the recent oil and gas customer. I would also add that we have equivalent size customers in the pipeline in oil and gas. We're investing to scale in two really huge markets. It's the Mission-Critical IoT private industrial networks markets via Ondas Networks, and of course, commercial drones via American Robotics. At Ondas Networks, we're working with large customers on really large networks. Given we don't have clarity on the timing of purchase orders we're working towards, it's prudent not to put that stake in the ground. We're extremely confident in the opportunity in the 900 MHz and other rail networks we've talked about in the past, including 160 MHz and 450 MHz. As we see the inflection and get the purchase orders, we'll be building backlog, and the business on Ondas Networks will be much more predictable. American Robotics has best-in-class technology platform. They have these FAA approvals that allow for faster deployment than anyone else in the industry. We're putting the team in place to scale. These initial purchase orders are for a handful of Scout systems. We're working to position those customers for fleet deployments. As we sort of go through that process, that business is going to get a lot more predictable as well. That's the answer. I think at the moment, not providing the guidance for Q3 is a prudent step. Okay, great. Thank you so much. Ladies and gentlemen, this concludes the question-and-answer session. I'd like to turn the conference back over to the management team for any final remarks. All right. Well, thank you, operator, and appreciate everyone joining us on the call this morning. I'd like to close by reminding our investors that we're bringing tremendous value to the commercial and government markets we're targeting. We're leveraging not one, but two best-in-class disruptive technology platforms. Of course, that's Ondas Networks software-based FullMAX mission-critical wireless network, and that's with American Robotics Scout System, the only fully autonomous drone approved to operate beyond visual line of sight with no human on-site. The markets we're targeting are well into the billions of dollars in size, and Ondas has made and continues to make the investments needed to pull them through to orders and revenue that we're tracking towards in the substantial customer pipeline opportunities we are focused upon. We expect a very active second half of 2021 and a strong finish to what is clearly a transformational year for Ondas and American Robotics. We will keep you informed on the critical business development milestones as we achieve them. Thanks again for joining us this morning, and have a great day. Ladies and gentlemen, this concludes today's conference call. We thank you all for attending today's presentation. You may now disconnect your lines, and have a wonderful day.