$ONDS

$ONDS just got sued by XiDrone Systems, a company who has never won a lawsuit and thinks they invented C-UAS 🤣 XiDrone is claiming they invented the concept of integrated counter-drone systems and everyone building them owes them a royalty. Who is XiDrone Systems? A small, unfunded company based in Naples, Florida. Founded 2014. Never raised a dollar of outside capital. No known products in deployment. Their business model, as best as anyone can tell, is this lawsuit. What is their strategy? 1. Find companies deploying counter-UAS technology at high-profile venues. 2. Assert broad early patents. 3. Generate headlines with names like NYPD and FIFA World Cup. 4. Hope the defendant settles rather than fights. Their track record tells you everything: v. 911 Security Inc. (2021): XiD