Ondas Holdings Inc. (NASDAQ: ONDS) Appoints Ron Stern as Director

Ondas Holdings Inc. (ONDS) recently announced the appointment of Ron Stern as a director of the company. The decision, made by the Board of Directors on January 6, 2025, will be effective starting January 7, 2025.

Mr. Stern, aged 52, brings with him a wealth of experience in Growth Equity and Venture Capital investing, particularly with Israeli related companies. Serving as a General Partner and head of Portfolio Management at OurCrowd since April 2017, Mr. Stern has been instrumental in managing a global portfolio of over 250 active companies. Additionally, he has overseen numerous financing rounds for start-ups and growth companies, totaling over 400.

During his tenure at OurCrowd, Mr. Stern played key roles, including serving as the Chairman of Airobotics Ltd. following its initial public offering on the Tel Aviv Stock Exchange. This journey ultimately led to Airobotics Ltd. being acquired by Ondas in January 2023. Prior to his time at OurCrowd, Mr. Stern served in various leadership positions, including as the Chief Financial Officer of Adgorithms, an Israel-based AI marketing company.

With a degree in Economics from The Hebrew University of Jerusalem and an MBA in Finance and Entrepreneurship from Columbia Business School, Mr. Stern’s extensive background in the industry makes him well-suited to serve on Ondas Holding’s board of directors.

Effective January 7, 2025, Mr. Stern will receive a fixed cash retainer of $15,000 per month, along with additional compensations and bonuses outlined in the Directorship Agreement signed between Mr. Stern and the Company. This agreement also includes potential roles as Vice Chairman of the Board and a special strategic advisor post the Company’s next Qualified Event.

The official press release attached as Exhibit 99.1 to the filing provides more comprehensive details regarding Mr. Stern’s appointment and his strategic contributions to Ondas Holdings Inc.

Investors and industry experts are keen to observe the impact of Mr. Stern’s appointment on the company’s strategic vision and growth trajectory. The addition of his experience and expertise is expected to enhance Ondas’ capabilities to capitalize on emerging market opportunities and drive long-term value for all stakeholders.

For further information on Ondas Holdings, interested parties are encouraged to visit the company’s website at www.ondas.com.

This press release contains forward-looking statements that are based on the Company’s current expectations and predictions regarding future events. It is important to note that actual results may differ due to various factors, including those outlined in the Company’s filings with the Securities Exchange Commission.

For Media Queries:
Escalate PR
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Preston Grimes
Marketing Manager, Ondas Holdings Inc.
[email protected]

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Ondas’s 8K filing here.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.