American Robotics to Acquire Airobotics
American Robotics Announces Intent to Acquire Airobotics
by DRONELIFE Staff Writer Ian M Crosby
Ondas Holdings Inc., the parent company of Ondas Networks and American Robotics, announced that it has signed a term sheet to acquire leading Israeli unmanned aircraft system (UAS) developer Airobotics.
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The acquisition of Airobotics would aid in the advancement of American Robotics’ technical development and regulatory roadmap, as well as expand the breadth of applications, use cases and vertical markets AR targets.
Ondas Holdings [NASDAQ:ONDS] is one of the holdings in the AdvisorShares Drone Technology ETF [NYSE ARCA:UAV], the only ETF dedicated to the drone economy. The AdvisorShares Drone Technology ETF is a thematic investment strategy seeking to capture the growth opportunities in drones and autonomous vehicles (AV). AdvisorShares is a DRONELIFE sponsor.
“Airobotics’ Optimus System is a sophisticated automated drone…