Airobotics in Abu DhabiAirobotics in Abu Dhabi: Joint Venture with SkyGo to Deploy Drones Throughout the city.

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UAV ETFOndas 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. For complete list of holdings click here.  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.

by DRONELIFE Staff Writer Ian M. Crosby

Today, data solution and drone provider Ondas Holdings Inc. announced that its subsidiary Airobotics and UAE-based company SkyGo have signed a Term Sheet for Joint Venture to provide aerial drone services to the city of Abu Dhabi. Airobotics has received an initial multi-system purchase order for $3.5 million from SkyGo. The purchase order is conditioned by the completion of proof of concept.

The SkyGo Joint Venture…