Ondas (ONDS) intends to raise $30 million from the sale of its common stock in an uplisting/Nasdaq public offering, according to an amended registration statement.
Sunnyvale, California-based Ondas Networks was founded in 2006 to provide wireless data radio technologies for IoT applications in the electric utilities, oil & gas, water, rail, transportation as well as government industries.
Management is headed by Chairman and CEO Eric A. Brock, who has been with the firm since 2017 and was previously Portfolio Manager at Clough Capital Partners.
Ondas’ lead product is FullMAX, a software defined radio [SDR] system consisting of a wireless base station, fixed and mobile remote radios as well as supporting technology for wide-area broadband networks that enable secure industrial-grade connectivity.
The company’s SDR equipment is fully IEEE 802.16s compliant, has the ability to use frequencies between 30 MHz and 6 GHz, and has a wide coverage of up to 30