📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Ondas(ONDS.US) Ondas Acquires GATE Technologies in Deal Worth Up to $390 Million

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗢𝗻𝗱𝗮𝘀 acquires 𝗚𝗔𝗧𝗘 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 and Bron Technologies.

➤ Deal includes $𝟮𝟬𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 upfront plus $𝟭𝟴𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 potential earn-out.

➤ Consideration comprises $𝟭𝟬𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 cash and $𝟭𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 Ondas stock.

➤ GATE's technology is integrated into more than 𝟵𝟬 weapon systems.

➤ GATE specializes in 𝗲𝗹𝗲𝗰𝘁𝗿𝗼𝗻𝗶𝗰 𝘀𝗮𝗳𝗲-𝗮𝗻𝗱-𝗮𝗿𝗺 and advanced fuzing technologies.

➤ Ondas expects GATE's 2026 revenue to reach $𝟲𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Revenue is projected to reach $𝟭𝟴𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 by 𝟮𝟬𝟮𝟴.

➤ Acquired business expected to generate over $𝟭𝟯𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 Adjusted EBITDA through 2028.

➤ U.S.-produced finished products are expected in 𝗳𝗶𝗿𝘀𝘁-𝗵𝗮𝗹𝗳 𝟮𝟬𝟮𝟳.

➤ Loitering-munition market could reach $𝟭𝟯.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 by 𝟮𝟬𝟯𝟬.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Adds a 𝗺𝗶𝘀𝘀𝗶𝗼𝗻-𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 component to Ondas' precision-strike technology portfolio.

➤ Expands access to 𝗨.𝗦. and European defense programs and customers.

➤ Poland production provides a 𝗡𝗔𝗧𝗢-𝗯𝗮𝘀𝗲𝗱, non-ITAR manufacturing footprint.

➤ Acquisition increases Ondas' exposure to rapidly expanding 𝗽𝗿𝗲𝗰𝗶𝘀𝗶𝗼𝗻-𝘀𝘁𝗿𝗶𝗸𝗲 demand.

➤ GATE's qualified designs create potential recurring demand as weapon production scales.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗘𝗿𝗶𝗰 𝗕𝗿𝗼𝗰𝗸, Chairman and CEO of Ondas:

"GATE is a highly strategic addition to Ondas. Munitions stockpiles are being rebuilt around the world, and a new generation of low-cost, autonomous munitions is becoming a growing part of the battlefield. At the same time, the market is shifting from traditional mechanical fuzes to electronic safe-and-arm devices, which are essential for weapons that are smaller, smarter and software-defined. GATE's RUBI product line and its engineering team have earned a strong position in this market through decades of qualification and integration into more than 90 weapon systems. With Ondas' global go-to-market and operating platform behind it, we believe GATE can capture meaningful market share."

𝗘𝗿𝗶𝗰 𝗕𝗿𝗼𝗰𝗸, Chairman and CEO of Ondas:

"ESAD components are in tight supply today, and qualified production capacity is a bottleneck for the entire precision-strike supply chain. GATE has earned the trust of a broad base of defense OEMs and weapon programs around the world, and that customer base comes first. Ondas is committed to serving the entire market with low-cost, advanced fuzing capabilities, and we will invest in GATE's capacity, engineering and global reach so it can support more customers and more programs. Combined with GATE's attractive growth and margin profile, we expect this acquisition to generate high returns on invested capital for our shareholders,"

𝗢𝘀𝗵𝗿𝗶 𝗟𝘂𝗴𝗮𝘀𝘀𝘆, Co-CEO of Ondas Autonomous Systems:

"Electronic safe-and-arm and fuzing systems are mission-critical components in modern precision weapons. GATE has built a strategic position in this market through decades of qualification and integration across a wide array of systems. Its technology is deeply designed into customer platforms, creating strong barriers to entry and positioning GATE to benefit as global production of precision-strike systems expands."