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BOSTON - Ondas Holdings Inc. (NASDAQ:ONDS) announced Wednesday the appointment of Mark Green as Head of Global Corporate Development and Mergers & Acquisitions.
Green brings over 30 years of investment banking experience to the provider of autonomous drone and private wireless solutions, which has demonstrated strong revenue growth of 75% over the last twelve months. He previously spent more than a decade at Ladenburg Thalmann and has held senior leadership roles at firms including C.E. Unterberg Towbin, where he established the firm’s Israel technology investment banking practice.
In his new role, Green will lead Ondas’ corporate development activities and support the company’s strategic growth initiatives. His experience includes originating and executing equity and debt financing, M&A, and advisory transactions for public and private companies globally.
"I am thrilled to join Ondas at this exciting stage in its journey," Green said in the press release.
Ondas operates through two business units: Ondas Autonomous Systems (OAS), which offers AI-driven defense and security drone platforms, and Ondas Networks, which provides software-defined wireless broadband technology through its FullMAX platform. InvestingPro analysis shows the company maintains a healthy liquidity position with a current ratio of 2.9, though it currently operates at a loss with negative EBITDA of $31.77 million.
OAS includes wholly owned subsidiaries American Robotics and Airobotics, offering the Optimus System and Iron Drone Raider for aerial security and counter-UAS operations.
Eric Brock, Chairman and CEO of Ondas Holdings, stated that Green’s "extensive global network of corporate and institutional relationships will be a powerful asset" as the company advances its strategic objectives.
The information in this article is based on a company press release. For deeper insights into Ondas Holdings’ financial health and growth prospects, including 14 additional ProTips and comprehensive valuation metrics, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Ondas Holdings Inc. has reported significant developments that are capturing the attention of investors. Ondas announced a definitive agreement to acquire a 51% controlling interest in S.P.O Smart Precision Optics, an Israeli manufacturer of advanced precision optical components and systems. This acquisition will enhance Ondas’ capabilities in high-end precision optics processing and manufacturing. Additionally, Ondas plans to acquire Israeli robotics firm Apeiro Motion for $12 million, which will expand its capabilities into ground robotics and fiber optic communications systems.
In the realm of financial endorsements, Needham initiated coverage on Ondas with a Buy rating and a $5 price target, adding the company to its Conviction List, indicating strong growth potential. Similarly, Northland raised its price target for Ondas to $5, citing impressive 555% revenue growth in the second quarter, which surpassed their estimates. Ondas has also participated in a private placement investment of $8 million in Safe Pro Group Inc., alongside other strategic investors. These developments underscore Ondas’ strategic moves to strengthen its market position and technological capabilities.
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