American Robotics FAA Exemption – DRONELIFE

by DRONELIFE Staff Writer Ian M. Crosby

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.”

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Today, Ondas Holdings subsidiary American Robotics announced that it has been issued a new exemption by the Federal Aviation Administration (FAA). Officially granted on August 19, the exemption frees the company from a set of previously established Conditions and Limitations pertaining to an earlier exemption, which had limited operations to “research and development, crew training, and market surveys.” This new Exemption, combined with an…