NANTUCKET, Massachusetts – (BUSINESS LIFE) – Ondas Holdings Inc. (NASDAQ: ONDS), developer of its own software-based wireless broadband technology (“Ondas” or “Company”), announced today that it has been selected to join Ruscall Microcap® Index at the end of the annual recovery in 2021, effective after the opening of the US market on June 28, according to the preliminary list of additions published by FTSE Russell on Friday, June 4, 2021.
Russell Microsap membership® The index, which remains in force for one year, means automatic inclusion in the appropriate growth and value indices. FTSE Russell determines membership for its Russell indexes primarily through objective, market capitalization rankings and style attributes. Russell indices are widely used by investment managers and institutional investors for index funds and as a benchmark for active investment strategies. Approximately $ 10.6 trillion in assets are compared to Russell’s US indices. Russell Indices are part of FTSE Russell, the world’s leading index provider.
“We are delighted to have been selected to join the Russell Indices. We believe this is another important step in the development of our company as a leader in next-generation industrial automation with our FullMAX wireless platform, ”said Eric Brock, Chairman and CEO of Ondas.
About Ondas Holdings Inc.
Ondas Holdings Inc., through its wholly owned subsidiary, Ondas Networks Inc., is the developer of its own software-based wireless broadband technology for large established and emerging industrial markets. The standards-based multipatented, software-defined FullMAX radio platform enables MC-IoT applications by overcoming the bandwidth limitations of today’s legacy private licensed wireless networks. Ondas Networks’ customer markets include railways, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose requirements cover a wide range of critical applications. These markets require reliable, secure broadband communication in large and diverse geographical areas, many of which are in challenging radio frequencies. Customers use the company’s FullMAX technology to deploy their own licensed broadband wireless networks. The company also offers critical network service to mission-critical sites. Ondas Networks’ FullMAX technology supports IEEE 802.16s, the new global standard for privately licensed large-scale industrial networks. For more information, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. The information on our website and social media platforms is not included by reference in this publication or in any of our requests to the US Securities and Exchange Commission (SEC).
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Statements for the future
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These forward-looking statements are not a guarantee of future results and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, results or achievements may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including the risks discussed under the heading “Risk Factors” in our latest Annual Form 10-K report. , filed with the U.S. Securities and Exchange Commission (“SEC”), in our quarterly reports for Form 10-Q filed with the SEC, and in our other SEC statements. We undertake not to update publicly or to review any forward-looking statements, whether as a result of new information, future events or otherwise occurring after that date, unless required by law.