Ondas Wins First Purchase Order From Major European Rail Customer

by Anusuya Lahiri, Benzinga Editor
June 22, 2021 8:38 AM | 1 min read |
  • Ondas Holdings Inc’s ONDS subsidiary, Ondas Networks Inc, bagged its first purchase order from a major European rail customer for its FullMAX MC-IoT private wireless network technology.
  • The financial terms of the order remain undisclosed.
  • Ondas’ success in the North American Rail markets with the Class 1 Railroads enabled new adoption outside of North America, Ondas Holdings CEO Eric Brock said. Rail operators in Europe faced many of the same challenges as Ondas’ Class 1 rail customers.
  • Price action: ONDS shares traded higher by 6.49% at $8.20 in the premarket session on the last check Tuesday.
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