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WEST HOLLYWOOD - VisionWave Holdings, Inc. (NASDAQ:VWAV), a micro-cap defense technology company with a market capitalization of $7.65 million, has filed a response to the U.S. Patent and Trademark Office regarding its Radio Wave Finder technology continuation patent and introduced a new AI engine called Evolved Intelligence, according to a company press release. InvestingPro data shows the company’s stock has declined 33.45% year-to-date, reflecting the challenges facing early-stage defense tech firms.
The defense technology company submitted its response on August 18, just six days after receiving an Office Action from the USPTO on August 12. The Office Action raised a procedural double-patenting matter that VisionWave addressed with a Terminal Disclaimer. Trading at $7.44, the stock has shown relatively low market volatility with a beta of 0.15, according to InvestingPro analysis.
The patent continuation describes a multi-planar radio-wave detection and imaging system with AI analysis capabilities designed for use across air, water, ground, and space domains.
Alongside the patent update, VisionWave announced Evolved Intelligence (EI), a real-time embedded AI engine for defense applications. The company has filed a U.S. trademark application for the technology (Serial No. 99317884).
"EI is designed to combine logic- and data-driven models with an added reasoning layer, with the goal of enabling more context-aware decision support in real time," said Noam Kenig, Chief Executive Officer of VisionWave.
According to the company, EI features deterministic edge autonomy, multi-modal fusion capabilities, and a scalable runtime for deployment across various environments. The system is engineered for split-second decision-making in contested or bandwidth-limited environments.
Dr. Danny Rittman, Chief Technology Officer, noted that EI is "built for deterministic, low-latency decisions at the edge" and is being developed to improve range and precision in electronic warfare environments.
VisionWave specializes in AI-powered sensing and autonomous threat-response systems for defense applications. The company is based in West Hollywood, California, with research operations in Canada. Financial metrics from InvestingPro indicate the company reported earnings per share of -$0.37 in the last twelve months, with the stock currently trading between its 52-week range of $2.06 to $18.41.
In other recent news, VisionWave Holdings, Inc. has secured a $50 million equity line through a Standby Equity Purchase Agreement with an institutional investor. This agreement allows VisionWave to sell up to $50 million in common stock over a 24-month period and includes an additional $5 million commitment in convertible notes, with the first $3 million already funded. VisionWave also recently began trading on the Nasdaq Global Market following its business combination with Bannix Acquisition Corp. The combined company’s shares are now trading under the symbol "VWAV" and its warrants under "VWAVW." The business combination has resulted in a post-merger enterprise value of approximately $174 million. Additionally, VisionWave’s subsidiary, Bannix Acquisition Corp., has entered into deferral agreements with various creditors to manage liquidity requirements for a potential financing transaction. These agreements involve deferring approximately $3 million in obligations until any advance from the potential financing is fully repaid. VisionWave retains discretion over future payments as long as certain conditions are met.
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