Ondas Holdings' Airobotics Enters Strategic Alliance With Saudi Excellence To Establish Local Drone Infrastructure Throughout The Kingdom Of Saudi Arabia
Portfolio Pulse from Happy Mohamed
Ondas Holdings Inc. (NASDAQ:ONDS) and Saudi Excellence Holding Company have announced a strategic alliance to establish local drone infrastructure throughout Saudi Arabia. The partnership will see Ondas' subsidiary, Airobotics, become a primary provider of drones and drone infrastructure across the Kingdom. The companies plan to establish a local office to localize Airobotics' autonomous drone systems for the Saudi market and provide value by employing local staff.
August 08, 2023 | 12:57 pm
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The strategic alliance between Ondas Holdings and Saudi Excellence to establish local drone infrastructure in Saudi Arabia could potentially increase Ondas' market share and revenues in the region.
The strategic alliance with Saudi Excellence provides Ondas Holdings with an opportunity to expand its market presence in Saudi Arabia, a region with growing demand for next-generation technologies. This could potentially lead to increased revenues for Ondas in the short term.
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