Ondas' 4M Defense Unit Wins $10 Million Order to Demine Israel's Eastern Border With Syria

MT Newswires Live04-20 21:30

Ondas (ONDS) said Monday that its 4M Defense unit has won a $10 million order as part of a $50 million demining program related to the Israeli Ministry of Defense's $1.7 billion Eastern Border Security Barrier with Syria.

The company said the demining will be done using 4M Defense's integrated intelligence platform, which it said combines autonomous ground robotics, aerial drone-based mapping, advanced sensing technologies, and artificial Intelligence-backed data processing.

"As governments prioritize border security and infrastructure development, we are positioning Ondas to capture a growing share of this market," Chief Executive Eric Brock said in a statement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment