Ondas Holdings Inc. (NASDAQ:ONDS) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET
Company Participants
Eric Brock - Chairman and CEO
Stewart Kantor - Co-Founder and President of Ondas Networks
Reese Mozer - Co-Founder, CEO, President, Treasurer, Secretary and Director
Conference Call Participants
Operator
Good day, and welcome to the Ondas Holdings' Second Quarter 2022 Earnings and Business Update Conference Call. [Operator Instructions] Please note that today's event is being recorded.
At this time I would like to turn the conference over to Eric Brock, Chairman and CEO. Please go ahead.
Eric Brock
Good morning. It's a pleasure to welcome you to our conference call. I'm happy to be joined today by our Stewart Kantor, the Founder and President of Ondas Networks; and Reese Mozer, American Robotics Founder and CEO. I want to note that due to scheduling in international travel conflicts, Derek Reisfield, for a President and CFO is unable to participate in today's call. I will handle the financial review in his place.
I'm going to start to call by emphasizing that business is on track at Ondas and the technology base leadership positions we are staking out in critical infrastructure in services markets continues to strengthen. Ondas Networks continues to make advances with the Class I rails on the 900 megahertz network. Our launch activity continue to pace and we are seeing expanded opportunities such globally in new networks, new products and new geographic regions. Of course, we believe today is news regarding the Siemens order, which I'll touch on in a moment is a clear signal, our growth trajectory is ahead.
At American Robotics, we're continuing with the field work with our initial franchise customers, maturing the pipeline and preparing to onboard additional franchise customers. Importantly, as we do this we are enhancing our capabilities with investments in new payload and data analyst capabilities, all of which we will provide updates on today. Our success in the field with customers and ecosystem partners is demonstrating that our business plan is creating value and highlights our unique position to deliver our valuable technology platforms and data solutions to the large end markets we are targeting.
The strength of our technology platforms, market leadership and business plan was demonstrated by the 2 recent significant events we want to highlight at the outset of the call. Obviously, I'm speaking firstly about the Siemens volume order we announced today; and secondly, the Airobotics acquisition, which was announced yesterday. I will make some high-level remarks about the strategic significance of both transactions and we will be sure to provide details of both during the call.