In pre-hours trading on the last check this morning, Ondas Holdings Inc. (NASDAQ: ONDS) was up 7.05% at $8.96. The Ondas stock gained 1.58 percent during the last trading session to close the session at $8.37. The price of ONDS stock ranged between $8.17 and $8.48.
Over the last five days, ONDS has gained 8.28%, while the stock has lost -17.62% over the last month. There is no current news directly associated with the ONDS stock rise today, but the recent additions to its management team could be the reason for the surge.
Recent addition to management:
ONDS, through its wholly-owned subsidiary, Ondas Networks Inc., is a full-service wireless broadband provider specializing in existing and emerging industrial markets. FullMAX is a software-defined radio platforms that is standards-based, multi-patented, and allows for Mission-Critical Internet of Things (MCIoT) applications despite the limitations of current private licensed wireless networks. Railways, utilities, and oil and gas, aviation, transportation, and government agencies are some of the end markets served by ONDS.
Ondas Holdings recently added top-level executive to its management team. Susan Roberts has joined the ONDS as a Senior Advisor, the ONDS announced last week. Having held various leadership positions in the Unmanned Aerial Systems (“UAS”) community, Ms. Roberts brings a wealth of experience to the table.
Her past assignments have included executive, program product, and engineering roles at leading companies like Panasonic, BAE Systems, GE Aviation, Honeywell, and Orbital Sciences (currently ATK). She has been responsible for the coordination and orchestration of many UAS and Aviation hardware and software solutions from regulatory approval to deployment.
How this will benefit ONDS?
A key objective of the appointment was Ondas’ (ONDS) strategy and plans to proceed into the Aviation verticals and UAS with its FullMAX communications platform. It will be no doubt beneficial to the ONDS in achieving its strategic goals to add a team member well versed in the subject.