GATE Technologies is a leading developer and manufacturer of Electronic 
Safe & Arm Devices (ESADs) and advanced electronic fuzing solutions, 
with its technology integrated into dozens of weapon systems including 
UAVs, loitering munitions, missiles and rockets 
      Adds a critical layer of the precision-strike technology stack with 
NATO-based, non-ITAR production in Poland, while expanding Ondas' access 
to U.S. and European programs 
      WEST PALM BEACH, FL / ACCESS Newswire / September 14, 2026 / Ondas Inc. 
(Nasdaq:ONDS) ("Ondas" or the "Company"), a leading provider of advanced 
autonomous systems and next-generation defense and security technologies 
and services, today announced that it has acquired GATE Technologies 
Ltd. ("GATE"), an Israeli-based defense technology company specializing 
in Electronic Safe & Arm Devices ("ESADs") and advanced electronic 
fuzing technologies used across modern precision weapons and autonomous 
strike systems, and Bron Technologies ("Bron"), a European manufacturing, 
certification and an affiliated company to GATE's systems. Ondas will 
pay $205 million, the majority of which is payable in cash, plus a 
working capital adjustment and up to $185 million of performance-based 
earn-out consideration. The earn-out is tied to financial targets 
through 2028 and may be paid, at Ondas' election, in cash or Ondas 
common stock. Ondas expects the acquired business to contribute more 
than $130 million of aggregate Adjusted EBITDA through 2028. 
      Founded in 2006, GATE has developed a proprietary portfolio of highly 
configurable, miniaturized electronic safe-and-arm devices incorporating 
LEEFI initiation technology. Its technologies have been integrated into 
dozens of weapon systems globally, including rockets, missiles, UAVs and 
loitering munitions, providing mission-critical safety and fuzing 
capabilities inside modern weapons. 
      Electronic fuzing systems are mission-critical components that keep a 
munition safe during storage, transportation, handling and launch, and 
permit arming and initiation only when predetermined mission and safety 
conditions are met. This capability is increasingly required for 
loitering munitions that may change missions in-flight, abort an 
engagement or return safely without detonating. As weapons become 
smaller, more autonomous and software-defined, traditional mechanical 
fuzes are being replaced by fully electronic architectures that offer 
greater configurability, miniaturization and integration with 
sophisticated weapon systems. According to MarketsandMarkets, the global 
loitering munition market is projected to grow from approximately $5.4 
billion in 2025 to approximately $13.3 billion in 2030, a compound 
annual growth rate of approximately 20%. Because each munition produced 
requires safe-and-arm and fuzing content, Ondas believes GATE is 
positioned to participate in this growth across a broad range of 
platforms and programs. 
      The acquisition significantly expands Ondas' precision strike platform 
by adding a critical layer of the technology stack while opening new 
customer and ecosystem networks for growth. GATE's capabilities 
complement Ondas' existing technologies across autonomous strike 
platforms, propulsion, mission systems, resilient communications, 
engineering, production and software-enabled mission management, 
strengthening Ondas' ability to provide integrated solutions across the 
complete autonomous strike architecture. 
      "GATE is a highly strategic addition to Ondas," said Eric Brock, 
Chairman and CEO of 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." 
      "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," Brock concluded. 
      Strategic and Financial Highlights 
 
   -- Exposure to expanding precision-strike markets. GATE is positioned to 
      benefit from global inventory replenishment and increasing production of 
      missiles, rockets, loitering munitions, UAVs and other autonomous 
      effects. Its ESAD and EISD products provide mission-critical safety, 
      arming and initiation functionality across these end markets. 
 
   -- Mission-critical component participation across multiple programs. With 
      products integrated into dozens of weapon systems globally and 
      approximately 100 configurations reported for RUBI LM, GATE can 
      participate in growth across multiple platforms as qualified customer 
      programs enter serial production. 
 
   -- Proven technology with qualification-driven barriers. GATE has developed 
      compact, configurable, fully electronic LEEFI-based products with no 
      moving parts. Specialized engineering, weapon-level integration and 
      rigorous safety qualification create long design-in cycles and meaningful 
      switching friction, supporting follow-on production as customer programs 
      scale. 
 
   -- Established international base and pathway to U.S. localization. Its 
      Israeli operations, current non-ITAR product portfolio and Bron 
      Technologies' Poland-based production provide an established platform for 
      European and allied customers with approximately 80% of GATE revenue 
      generated outside of the Middle East. The establishment of U.S. 
      engineering, integration, qualification and production capabilities to 
      address customer demand and program-specific domestic-source requirements 
      have already begun, with U.S.-produced finished products and integrated 
      systems expected in the first half of 2027. 
 
   -- Strong growth and profitability. Ondas expects GATE to produce $65 
      million of revenue in full year 2026, increasing to $180 million revenue 
      in 2028 with a strong margin profile resulting in more than $130 million 
      of Adjusted EBITDA generation for the full three years ending 2028. This 
      acquisition will also support higher revenue generation and margin 
      capture across Ondas' counter-UAS and precision strike portfolio. 
         "Electronic safe-and-arm and fuzing systems are mission-critical 
components in modern precision weapons," said Oshri Lugassy, Co-CEO of 
Ondas Autonomous Systems. "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." 
      GATE's RUBI family of ESADs combines the company's proprietary LEEFI 
initiation technology with a fully electronic, compact architecture that 
has no moving parts, and can be configured for rockets, missiles, 
gravity-release weapons, UAVs, high-G platforms, tandem-charge systems 
and motor ignition, with approximately 100 configurations developed to 
date. GATE's in-house engineering team tailors arming conditions, sensor 
configurations, triggering functionality and form factors to individual 
weapon programs, a capability Ondas believes has helped GATE win 
designed-in positions across a broad range of programs. 
      According to MarketsandMarkets, the global loitering munition market is 
projected to grow from approximately $5.4 billion in 2025 to 
approximately $13.3 billion in 2030, a compound annual growth rate of 
approximately 20%. Because each munition produced requires safe-and-arm 
and initiation content, Ondas believes GATE is positioned to participate 
in this growth across a broad range of platforms and programs. 
      Transaction Summary 
      Under the terms of the transaction, Ondas will pay $205 million, 
consisting of $105 million in cash and $100 million in Ondas common 
stock, plus a working capital adjustment. Approximately $22.5 million of 
such stock consideration will be issued within nine months of closing, 
subject to satisfaction of certain conditions. Ondas will also pay up to 
$185 million of performance-based earn-out consideration, subject to 
financial targets through 2028. The earn-out is payable in cash or Ondas 
common stock, at Ondas' discretion. 
      For additional information regarding the transaction, please see the 
Current Report on Form 8-K to be filed with the Securities and Exchange 
Commission later today. In connection with the transaction, the Company 
approved inducement grants of stock options exercisable for 300,000 
shares of the Company's common stock with an exercise price of $7.23 per 
share to a total of 41 newly-hired employees in connection with the 
transaction. The equity awards were granted under the Ondas Inc. 2026 
Inducement Plan pursuant to the Nasdaq Rule 5635(c)(4) inducement grant 
exception as a component of each individual's employment compensation 
and were granted as an inducement material to his or her acceptance of