Ondas Holdings Announces Thomas Bushey as President and Director

SUNNYVALE, Calif., June 3, 2020 — Ondas Holdings Inc. (OTCQB: ONDS),  through its wholly owned subsidiary, Ondas Networks Inc., a developer of private licensed wireless data networks for mission-critical industrial markets (the “Company”), announced today that Thomas Bushey joined the Company as President. Mr. Bushey will support the Company’s growth strategy to build and grow industrial IOT solutions for critical infrastructure industries. Mr. Bushey was also appointed to the Company’s Board of Directors effective today. Stewart Kantor, who previously served as President of the Company, will continue in his role as Chief Financial Officer.

Mr. Bushey brings a wealth of experience from his 20-year career as a successful investor and capital allocator, most recently as founder of Sunderland Capital, a Boston investment company. He will partner with the Company’s Chief Executive Officer, Eric Brock, to manage the growth of Ondas Networks. In addition to management responsibilities, Mr. Bushey will identify and evaluate new opportunities that will allow the Company to further leverage the value of its standards-based MC-IoT connectivity platform.

“We are delighted to have Tom join the Ondas team at such an important juncture of our business development,” said Mr. Brock, CEO of Ondas Holdings. “Tom is a sophisticated and experienced investor bridging both the public and private capital markets and has exceptional business acumen. In addition, he brings deep strategic networks that will prove invaluable as we partner to build Ondas.”

“I am very excited to be a part of the Ondas team,” said Mr. Bushey. “Ondas Networks has established its standards-based FullMAX platform as the leading connectivity solution for mission critical (“MC-IoT”) applications. I look forward to working with the entire Ondas team, and our partners like Siemens Mobility, to leverage our platform that will define the market in the years ahead. We see a tremendous opportunity to maximize the long-term value for stockholders of Ondas Holdings.”

Mr. Bushey earned a B.S in Economics from the Wharton School of the University of Pennsylvania. Prior to founding Sunderland Capital in 2015, he was a portfolio manager at Blackrock. Previously he worked as an investment banker at Credit Suisse, as a private equity professional at Thayer Capital, and as a hedge fund analyst at Millennium Partners.