BMSInvests@BMSInvests
🚨👀 MUST READ AS AN $ONDS INVESTOR‼️⬇️
Absolute 💎 of an article.
Brig. Gen. (res.) Oshri Lugasi, another senior figure who moved from Rafael to Ondas’ joint management and heads the company’s defense operations, is trying to clear the fog in his first interview with Globes, which aired at the TECH IL conference.
He was recruited to his current position at Ondas last year. The company aims to make advanced systems available to the Israeli and Western defense establishments at accessible prices and at a speed greater than that of the defense industry giants — including Rafael, Israel Aerospace Industries, and Elbit.
According to Lugasi, after a series of mergers and acquisitions, the company has already received approval from the Ground Forces to equip forces in Lebanon with operational robots for enemy detection, locating and destroying explosive charges (‼️)
Lugasi believes that the intensified threat of Hezbollah’s explosive drones in Lebanon since March is a solvable problem in the near term: “We won’t need to wait the time previously required to solve anti-tank or rocket threats. I estimate that within a few months the defense establishment will have a very good response.” (‼️)
Ondas is developing a multi-layered solution to the drone threat, based on a combination of acoustic, optical, and electromagnetic sensors, alongside systems for launching interceptor drones capable of neutralizing Hezbollah’s fiber-optic drones by dropping nets or firing guided missiles (‼️)
“In recent weeks, we have been integrating our systems in Lebanon together with MAFAT [Administration for the Development of Weapons and Technological Infrastructure], while combining Airobotics and Ondas teams on the ground,” he says. “Within a few weeks — at most two months — we will provide an effective response to these threats.” (‼️)
“I think the state, led by the Ministry of Defense, is doing everything in its power to provide a response, and in my estimation we will see the first solutions operating in the field within a few weeks. It is a significant tactical threat that found a gap, but the defense establishment and MAFAT will know how to close these gaps very quickly — together with us and the rest of the industry.”
“In practice, I have no access to classified projects in the US, and my colleagues in the American management have no access to sensitive content in the Israeli companies. We established the activity in Israel as an independent company, fully subject to Israeli regulation. No product will leave Israel without explicit approval from the Ministry of Defense.”
“A simple check of our investor list shows that these are American NASDAQ funds — in fact, we raised $1.8 billion from American institutional investors alone. All of our investors, from end to end, are American.”
“The goal is to create an ecosystem of cooperation with Israeli defense companies — large and small — alongside the world’s largest defense companies.”
“We will build robotic factories in Israel for production on a massive scale, with an emphasis on reducing manpower on the production lines — which will make our systems significantly cheaper compared to the giants’ products. By the end of the year, we will employ thousands of workers here.”
