Ondas (ONDS) Acquires Controlling Interest in Israeli Sensor Company

Ondas Holdings Inc. (NASDAQ:ONDS) is one of the 12 Best Performing Stocks in the Last 3 Months. On October 29, Ondas Holdings Inc. (NASDAQ:ONDS) announced it has acquired a controlling interest in Insight Intelligent Sensors.

According to the report by Ondas Holdings Inc. (NASDAQ:ONDS), Insight Intelligent Sensors is an Israeli company that develops AI-driven electro-optical sensing systems to detect anomalies in real-time in complex environments. Its proprietary Smart Imaging Module (SIM) can process ultra-high-resolution at the edge to detect, identify and track small drones, vehicles, people, and even early signs of wildfires.

This acquisition is an important step for Ondas Holdings Inc. (NASDAQ:ONDS), which is strategically building a unified defense and security architecture that combines sensing, autonomy, and communications across land, air, and sea.

The company will integrate Insight Intelligent Sensors into its global defense portfolio. This will help Ondas Holdings Inc. (NASDAQ:ONDS) provide smart, autonomous, and connected solutions to US, NATO, and other allied partners and meet the demands in Intelligence, Surveillance, and Reconnaissance (ISR), border security, critical infrastructure, and environmental sustainability.

Ondas Holdings Inc. (NASDAQ:ONDS) provides autonomous systems and private wireless solutions. The company operates through its business units Ondas Autonomous Systems (OAS), Ondas Capital, and Ondas Networks.

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Disclosure: None. This article is originally published at Insider Monkey.