LEADERSHIP AND STRATEGY
Pharma Nobis | February 07, 2022
On February 4, an investment consortium led by Signet Healthcare Partners, Bionpharma, Inc., and GMS Capital Partners LLC announced the formation of Pharma Nobis, LLC to acquire Fagron's contract manufacturing business in the United States. Based in Texarkana, Texas, this business unit offers contract manufacturing and private-label services to consumer healthcare firms and retailers throughout the United States. Fagron will maintain a 20% stake in the company. The CEO of Pharma Nobis is Todd Daviau, a co-founder and former President and CEO of CoreRx, a well-known contract development, and manufacturing company. He has been named CEO of Pharma Nobis.
James Gale, Managing Director at Signet Healthcare Partners, noted, We are enthused about the opportunity to invest in this business. Fagron has developed into an outstanding company with a reputation as a cost-competitive manufacturer with a high service rating. We and our equity partners will seek to build on this capability and support the Pharma Nobis management team in growing their business.
"I appreciate the opportunity to work with the Signet investment team again and am excited about this opportunity to take Pharma Nobis to the next level in personal care manufacturing. We will seek to serve our customer base through reliable service and innovation."
-The CEO of Pharma Nobis is Todd Daviau
Along with Todd Daviau, James Gale, Dr. Theron Odlaug, Yezan Haddadin, and Andrew Pulido will join the company's Board of Directors, which was announced in conjunction with the acquisition. Dr. Odlaug is a seasoned executive in the pharmaceutical industry and a Signet Venture Partner. GMS Capital Partners LLC is led by Yezan Haddadin. Fagron North America is led by Andrew Pulido. Troutman Pepper served as the acquiring syndicate's legal counsel.
Ondas Holdings Inc. | August 06, 2021
Ondas Holdings Inc.a developer of proprietary, software-based wireless broadband technology, announced today that it has completed the acquisition of American Robotics, Inc. (“American Robotics”), a leading developer of highly automated commercial drone systems and the first company approved by the FAA to operate its drones beyond-visual-line-of-sight (“BVLOS”) without a human operator on-site. The combination of the two companies will enable Ondas Networks and American Robotics to provide users in rail, agriculture, utilities and critical infrastructure markets with improved connectivity and data collection capabilities. Ondas received overwhelming support from its shareholders with approximately 99.7 percent of the votes cast supporting the acquisition.
American Robotics brings together best-in-class IP, a Robot-as-a-Service business model, and its historic FAA approvals to deliver an industrial drone service capable of unlocking the $100 billion commercial drone market. Unlike other drone technology, American Robotics’ Scout System™ provides an unmatched level of autonomy, safety, and analytics with its industrial-grade design and advanced, AI-powered software. The Scout System™ is the ultimate data gathering and processing solution at the edge of industrial field area networks which can be integrated into a mission-critical wireless network powered by Ondas’ FullMAX technology. American Robotics’ highly automated drones are capable of conducting up to 20 automated flights per day without having a single pilot or visual observer on the ground.
In April 2021, Ondas advanced American Robotics a $2 million loan in order to begin scaling their customer support and sales organization, leveraging their recent first-of-a-kind FAA approval for automated drones. These efforts have already begun to show success. On July 8, 2021, Stockpile Reports, a data solutions provider to the bulk materials industry serving over 300 companies in 48 countries, selected the Scout System™ to build out its automated drone program. The bulk materials industry is a large industrial market with more than 10,000 sand and gravel mines and more than 3,000 ready mix and asphalt plants in the U.S. alone. Then, on July 14, 2021, American Robotics announced that it received a purchase order from a Fortune 100 oil and gas company for the Scout System enabling American Robotics to expand into its next major industrial market. The oil & gas industry represents a new major market for American Robotics with more than 90,000 oil and gas wells currently in the U.S. and over 500,000 miles of pipeline that require constant monitoring and inspection.
“We are thrilled to have the American Robotics’ team join us in supporting Ondas’ next phase of growth,” said Eric Brock, Chairman and CEO of Ondas. “The acquisition is especially timely pending legislation under consideration by Congress to significantly improve the nation’s infrastructure. American Robotics, with its best-in-class industrial drone platform and first-of-its-kind FAA approvals, is positioned to open the burgeoning market for industrial drones. We have already begun investing to help build and scale the American Robotics team and customer support and field capabilities. Ondas brings deep industrial technology expertise and growth capital to help accelerate Scout System™ adoption. We intend to build a powerful, market-leading industrial drone business providing highly-valued critical data solutions to our industrial customers and ecosystem partners.”
“Our focus on bringing robotics out of the lab and into real world applications is at the heart of everything we do at America Robotics,” said Reese Mozer, CEO and co-founder of American Robotics. “Together with Ondas, we will further accelerate the adoption of drones for commercial and industrial applications by connecting with Ondas’ customers and ecosystem partners in critical infrastructure markets. The entire American Robotics team is excited to continue working hard to advance the commercial drone market and bring real benefits to users in need of improved data collection.”
Mr. Brock concluded, “In the six months since receiving its FAA approvals, American Robotics has increased business development activity in key industrial sectors by 80 percent. Ondas will support this continued growth through the continued advancement and development of American Robotics’ technology. Also, this acquisition will enable American Robotics to access Ondas’ industrial customers and worldwide distribution partners.”
About Ondas Holdings Inc.
Ondas Holdings Inc., through its wholly owned subsidiary, Ondas Networks Inc., is a developer of proprietary, software-based wireless broadband technology for large established and emerging industrial markets. The Company’s standards-based, multi-patented, software-defined radio FullMAX platform enables MC-IoT applications by overcoming the bandwidth limitations of today’s legacy private licensed wireless networks. Ondas Networks’ customer end markets include railroads, utilities, oil and gas, transportation, aviation (including drone operators) and government entities whose demands span a wide range of mission critical applications. These markets require reliable, secure broadband communications over large and diverse geographical areas, many of which are within challenging radio frequency environments. Customers use the Company's FullMAX technology to deploy their own private licensed broadband wireless networks. The Company also offers mission-critical entities the option of a managed network service. Ondas Networks’ FullMAX technology supports IEEE 802.16s, the new worldwide standard for private licensed wide area industrial networks. For additional information, visit www.ondas.com or follow Ondas Networks on Twitter and LinkedIn. Information on our website and social media platforms is not incorporated by reference in this release or in any of our filings with the U.S. Securities and Exchange Commission.
About American Robotics, Inc.
American Robotics (“AR”), a wholly-owned subsidiary of Ondas, is a company focused on designing, developing, and marketing industrial drone solutions for rugged, real-world environments. AR’s Scout System™ is a highly automated, AI-powered drone system capable of continuous, remote operation and is marketed as a “drone-in-a-box” turnkey data solution service under a Robot-as-a-Service (RAAS) business model. The Scout System™ is the first drone system approved by the FAA for automated operation beyond-visual-line-of-sight (BVLOS) without a human operator on-site. AR was founded by leading roboticists from Carnegie Mellon and Stanford with a shared vision for bringing robotic technology out of the lab and into the real-world to solve global challenges.
Landing AI | October 22, 2020
As organizations manufacture goods, human inspectors survey them for abandons. Think about a scratch on cell phone glass or a shortcoming in crude steel that could have an effect downstream when it gets transformed into something different. Landing AI, the organization began by previous Google and Baidu AI master Andrew Ng, needs to utilize AI innovation to recognize these imperfections, and today the organization dispatched another visual investigation stage called LandingLens.
“We’re announcing LandingLens, which is an end-to-end visual inspection platform to help manufacturers build and deploy visual inspection systems [using AI],” Ng told TechCrunch.
He says the company’s goal is to bring AI to manufacturing companies, but he couldn’t simply repackage what he had learned at Google and Baidu, partly because it involved a different set of consumer use cases, and partly because there is just much less data to work with in a manufacturing setting.
Adding to the level of trouble here, each setting is novel, and there is no standard playbook you can fundamentally apply over every vertical. This implied Landing AI needed to concoct an overall toolbox that each organization could use for the extraordinary necessities of their manufacturing process.
Ng says to place this trend-setting innovation under the control of these clients and apply AI to visual investigation, his organization has made a visual interface where organizations can work through a characterized cycle to train models to see every client's assessment needs.
The manner in which it works is you take pictures of what a decent completed item resembles, and what a damaged item could resemble. It's not as simple as it would sound, since human specialists can differ over what comprises a deformity.
The producer makes what's known as an imperfection book, where the examiner specialists cooperate to figure out what that deformity resembles through an image, and resolve contradictions when they occur. This is done through the LandingLens interface.
Whenever investigators have settled upon a lot of marks, they can start emphasizing on a model in the Model Iteration Module, where the organization can train and run models to get to a condition of settled upon progress where the AI is getting the imperfections consistently. As clients run these tests, the product creates a report on the condition of the model, and clients can refine the models varying dependent on the data in the report.
Ng says that his company is trying to bring in sophisticated software to help solve a big problem for manufacturing customers. “The bottleneck [for them] is building the deep learning algorithm, really the machine learning software. They can take the picture and render judgment as to whether this part is okay, or whether it is defective, and that’s what our platform helps with,” he said.
He thinks this technology could ultimately help recast how goods are manufactured in the future. “I think deep learning is poised to transform how inspection is done, which is really the key step. Inspection is really the last line of defense against quality defects in manufacturing. So I’m excited to release this platform to help manufacturers do inspections more accurately,” he said.