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BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS), which has seen its stock surge nearly 495% over the past year according to InvestingPro data, announced Friday the appointment of Dr. Irit Idan to the Ondas Autonomous Systems (OAS) Advisory Board, where she will serve alongside Yaniv Rotem.
Dr. Idan previously served as Executive Vice President for Research and Development at RAFAEL Advanced Defense Systems Ltd., where she led multi-billion-dollar R&D programs in defense, space, and air superiority systems. She later worked as an investment advisor for the SoftBank Vision Fund, helping with due diligence for global investments in technology.
"We are honored to welcome Dr. Idan to the OAS Advisory Board," said Eric Brock, Chairman and CEO of Ondas, in a press release statement.
Dr. Idan holds a Ph.D. from the Technion - Israel Institute of Technology and has received multiple fellowships, including the Amelia Earhart Fellowship for Research Excellence in Aerospace Science. She has served on the boards of several technology companies and is a member of the Technion Council and International Board of Governors.
Ondas Holdings provides autonomous drone and private wireless solutions through its business units Ondas Autonomous Systems and Ondas Networks. OAS offers AI-driven defense and security drone platforms, including the Optimus System and the Iron Drone Raider counter-UAS system.
The company stated that Dr. Idan’s appointment supports OAS’ growth plan to enhance its product roadmap, strengthen customer relationships, and accelerate global adoption of its platforms. With analysts projecting sales growth and multiple earnings forecast revisions upward, detailed analysis and additional insights are available through InvestingPro’s comprehensive research reports.
In other recent news, Ondas Holdings Inc. reported a substantial increase in revenue for the second quarter of 2025, reaching $6.3 million, which marks a sixfold rise compared to the previous year. The company’s earnings per share (EPS) came in at -$0.08, beating the analysts’ forecast of -$0.10. This performance is attributed to strong demand for its autonomous drone platforms and strategic partnerships. Ondas Holdings also announced a public offering of common stock, pricing 46,160,000 shares at $3.25 each, with the expectation of raising approximately $150 million in gross proceeds. The company has granted underwriters a 30-day option to purchase an additional 6,924,000 shares. The net proceeds from this offering are intended for working capital, general corporate purposes, and potential strategic transactions, including acquisitions and technology investments. These developments reflect Ondas Holdings’ ongoing efforts to strengthen its financial position and expand its market presence.
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