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Marlborough Drone Company Acquired For Nearly $71M

Patch logo Patch 5/17/2021 Nikki Gaskins
a large air plane flying in the sky: American Robotics, a developer of fully-automated commercial drone systems, is the first and only company approved by the FAA to operate its drones beyond-visual-line-of-sight (“BVLOS”) without a human operator on the ground. © Renee Schiavone/Patch American Robotics, a developer of fully-automated commercial drone systems, is the first and only company approved by the FAA to operate its drones beyond-visual-line-of-sight (“BVLOS”) without a human operator on the ground.

MARLBOROUGH, MA — Nantucket-based Ondas Holdings Inc. announced Monday that it has reached an agreement to acquire American Robotics, a privately-owned company headquartered in Marlborough.

As part of the agreement, Ondas, a developer of proprietary, software-based wireless broadband technology, will pay about $70.6 million in a combination of cash and equity securities for American Robotics, according to a company news release.

American Robotics, a developer of fully-automated commercial drone systems, is the first and only company approved by the FAA to operate its drones beyond-visual-line-of-sight (“BVLOS”) without a human operator on the ground.

"We are excited to bring American Robotics into the Ondas fold,” said Eric Brock, chairman and CEO of Ondas. “At the end of the day, the drone industry’s product is data, not aircraft. The drone is the ultimate data gathering edge device for mission critical operations, solving a huge pain-point for Ondas’ industrial and government customers and ecosystem partners. American Robotics’ full stack IP portfolio is a complete system enabling Ondas to turn these pain-points into growth opportunities fueled by more rich data collection."


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According to Ondas, the acquisition will integrate the two companies’ technology platforms and increase automation, data collection, and AI-powered analytics in industrial markets allowing for the improved maintenance, monitoring and operation of critical infrastructure.

American Robotics’ Scout System will merge with the Ondas FullMAX platform. Scout System is a fully-automated, AI-powered drone system capable of continuous, unattended operation and is marketed as a “drone-in-a-box” turnkey data solution service under a Robot-as-a-Service (RAAS) business model.

"It’s the perfect time for American Robotics to join forces with Ondas as we bring Scout System™ to the market and scale customer deployments,” added Reese Mozer, co-founder and CEO of American Robotics. “Ondas’ deep experience and relationships in our target customer markets in addition to its next-generation industrial networking capabilities will be incredibly helpful as we penetrate the large markets we address."

The transaction is expected to close in the third quarter of 2021.

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