Ondas Holdings Inc. (NASDAQ:ONDS) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET

Company Participants

Eric Brock – Chairman and Chief Executive Officer

Reese Mozer – Chief Executive Officer, American Robotics

Derek Reisfield – President and Chief Financial Officer

Stewart Kantor – President of Ondas Networks

Conference Call Participants

Timothy Horan – Oppenheimer

Mike Latimore – Northland Capital Markets

Carter Mansbach – Forte Capital Group

Operator

Welcome to the Ondas Holdings Inc., First Quarter, 2022 Conference call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Before we begin, the Company would like to remind you that this call may contain forward-looking statements. While these forward-looking statements are Ondas’ best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking statements. These risk factors are discussed Ondas, periodic sec filings, and in the earnings press release issued today, which are both available on the company's website. Ondas undertakes no obligation to revise or update any forward-looking statements to reflect future events or circumstances, except as required by law. Please note this event is being recorded. I would now like to turn the presentation 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 President and CFO, Derek Reisfield, Stewart Kantor, the President of Ondas Networks, and American Robotics CEO Reese Mozer. Today we plan to review our financial performance and strategic progress to the first quarter in year-to-date, and discuss our outlook for the rest of 2022.

Eric Brock

I want to start the call by highlighting that business momentum remains strong at Ondas, with both Ondas Networks and American Robotics leveraging their respective technology platforms to drive market adoption and deployment, which we believe will result in substantial growth. At Ondas Networks, the work with customers remains focused on the large rail networks. We have previously announced initial launch orders for the 900 megahertz network. And as you will learn, we expect expanded orders with these and additional customers over the course of the year.

As we execute on the 900 megahertz network, Ondas Networks and our partner Siemens are actively marketing our FullMAX wireless platform into additional Class 1 rail networks beyond 900 in North America. This includes Europe and Asia, in both freight and transit markets. At American Robotics, we remain very focused on executing the business plan. Recall A; our strategy is to partner with franchise customers such as Chevron, ConocoPhillips, stockpile reports and others, on initial Scout System installations. As we will describe, our early work with customers in the Scout System has been positive. When you are introducing new game changing, mission-critical technology in industrial markets, such as oil and gas, rail and mining, doing it the right way is critical and AR is on that path. This American Robotics field work with customers along with the ongoing regulatory work with the FAA is positioning us to define the market for automated, drone-driven data solutions in terms of how they're architected and delivered to large, sophisticated blue-chip companies in critical sectors of our economy. And the bottom line is Ondas continues to invest to win. We're investing on behalf of our customers who need our next-generation data solutions to run their businesses more efficiently, safely, and profitably.