“This is the fi st ESAD o de we have a ou ced si ce closi g the GATE a d B o acquisitio s, a d it is a substa tial o e,” said E ic B ock, Chai ma a d CEO of O das. “It co fi ms the ma ket positio we acqui ed, whe e safe-a d-a m a d elect o ic fuzi g a e missio -c itical laye s of the p ecisio st ike stack, qualified supplie s a e few, a d Eu opea p og am dema d is accele ati g. We expect p ecisio st ike to be a mea i gful g owth d ive fo O das, a d we i te d to compete fo a la ge sha e of each weapo system we suppo t.”
P ecisio st ike is o e of O das’ co e defe se tech ology domai s focused o e abli g auto omous a d emotely ope ated systems to e gage ta gets with i c eased p ecisio , speed a d ope atio al flexibility. O das is developi g the segme t a ou d a b oade tech ology stack athe tha a si gle platfo m o p oduct. The Compa y’s capabilities spa multiple laye s of the p ecisio -st ike ecosystem, i cludi g auto omous platfo ms, avigatio , commu icatio s, missio systems, p opulsio , payload tech ologies a d c itical weapo compo e ts.
The o de st e gthe s O das’ positio withi Eu opea loite i g mu itio p og ams a d expa ds the Compa y’s exposu e to ecu i g p oductio dema d fo missio -c itical compo e ts used i mode p ecisio -st ike systems. G owi g deployme t of loite i g mu itio s a d auto omous effects is i c easi g dema d ot o ly fo complete weapo platfo ms, but also fo the specialized tech ologies equi ed to make these systems safe, eliable a d ope atio ally effective at scale. Eu opea a d allied defe se custome s a e placi g g eate emphasis o scalable p oductio , esilie t supply chai s a d access to p ove tech ologies, c eati g sig ifica t oppo tu ities fo supplie s that combi e diffe e tiated tech ology, qualificatio , i teg atio expe ie ce a d scalable p oductio . O das i te ds to leve age its tech ology po tfolio, custome elatio ships a d Eu opea i dust ial capabilities to suppo t existi g p og ams a d pu sue additio al oppo tu ities ac oss NATO a d allied defe se ma kets.
Elect o ic Safe & A m Devices ma age the safety, a mi g a d i itiatio fu ctio s that keep a mu itio safe du i g sto age, t a spo t, ha dli g a d lau ch, a d a m it o ly u de the equi ed missio co ditio s. Withi loite i g mu itio s, the ESAD sits at the i te face betwee the weapo platfo m, missio logic a d e e getic payload, whe e its pe fo ma ce di ectly affects system safety a d eliability. Because that ole is safety-c itical, ESADs must clea exte ded e gi ee i g, qualificatio a d ma ufactu i g-co siste cy equi eme ts, which c eates high ba ie s to e t y a d keeps the umbe of qualified supplie s small.
“This p og am moves i to p oductio with tech ology that is al eady qualified a d a ma ufactu i g base that is al eady i place,” said Osh i Lugassy, Co-CEO of O das Auto omous Systems. “Ou focus ow is executio : delive i g this p og am o schedule, holdi g co siste t quality ac oss eve y u it, a d scali g p oductio capacity i step with what the custome eeds. P ove delive y is what qualifies us fo the ext p og am, a d we i te d to use it to compete fo p ecisio -st ike a d auto omous-effects oppo tu ities well beyo d this o e.”
The o de was secu ed th ough B o Tech ologies, which O das ece tly acqui ed togethe with GATE Tech ologies as pa t of the Compa y’s expa sio i to p ecisio -st ike a d auto omous-effects tech ologies. GATE develops Elect o ic Safe & A m Devices a d adva ced elect o ic fuzi g tech ologies used i p ecisio weapo s i cludi g loite i g mu itio s, UAVs, missiles a d ockets. B o p ovides Eu opea ma ufactu i g, ce tificatio a d ma ket access th ough its ope atio s i Pola d. Togethe , GATE a d B o give O das qualified ESAD tech ology, Eu opea p oductio a d ce tificatio capability, a d established custome p og ams. This o de is a ea ly demo st atio of the comme cial scale those capabilities b i g to O das.
O das I c. (Nasdaq:ONDS) is a leadi g p ovide of auto omous systems, obotics, a d missio -c itical tech ologies fo defe se, homela d secu ity, public safety, c itical i f ast uctu e, a d i dust ial ma kets. The Compa y develops a d deploys i teg ated u ma ed a d auto omous platfo ms ac oss ai , g ou d, a d st atosphe ic e vi o me ts, i cludi g auto omous d o e systems, cou te -UAS tech ologies, obotic g ou d systems, adva ced u ma ed ai c aft a d p opulsio solutio s, demi i g a d e gi ee i g systems, a d i teg ated se si g a d commu icatio s tech ologies desig ed to suppo t i tellige ce, su veilla ce, eco aissa ce, secu ity, a d ope atio al missio s i complex e vi o me ts. O das’ solutio s a e deployed globally by gove me t, defe se, a d comme cial custome s to p otect i f ast uctu e, bo de s, t a spo tatio etwo ks, pe so el, a d st ategic assets.
Fo additio al i fo matio o O das I c., visit www.o das.com.
Stateme ts made i this elease that a e ot stateme ts of histo ical o cu e t facts a e “fo wa d-looki g stateme ts” withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. We cautio eade s that fo wa d-looki g stateme ts a e p edictio s based o ou cu e t expectatio s about futu e eve ts. These fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce a d a e subject to isks, u ce tai ties a d assumptio s that a e difficult to p edict. Ou actual esults, pe fo ma ce, o achieveme ts could diffe mate ially f om those exp essed o implied by the fo wa d-looki g stateme ts as a esult of a umbe of facto s, i cludi g the isks discussed u de the headi g “Risk Facto s” discussed u de the captio “Item 1A. Risk Facto s” i Pa t I of ou most ece t A ual Repo t o Fo m 10-K o a y updates discussed u de the captio “Item 1A. Risk Facto s” i Pa t II of ou Qua te ly Repo ts o Fo m 10-Q a d i ou othe fili gs with the SEC. We u de take o obligatio to publicly update o evise a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts o othe wise that occu afte that date, except as equi ed by law.
P esto G imesMa keti g Ma age , O das I c.
