VisionWave appoints European lead to advance Solar Drone deployment

WEST HOLLYWOOD/RAMAT EFAL - VisionWave Holdings, Inc. (NASDAQ:VWAV), currently trading at $10.17 with shares down 5% over the past week, announced Wednesday the appointment of Judit Nagypal to lead its European commercial engagement following the completion of a 100-day Proof of Concept (PoC) with Germany’s DB InfraGO AG.

Nagypal, based in Munich, will oversee Solar Drone’s opportunities with DB InfraGO AG and is under consideration to join VisionWave’s board of directors. She will coordinate directly with DB InfraGO AG’s designated departments and VisionWave’s strategic partners across the European Union.

The recently completed PoC demonstrated Solar Drone’s automated cleaning technology for large glass rooftops at major train stations. Following the successful test, DB InfraGO AG recommended Solar Drone advance discussions with three of its departments: Sky Operations, DB Services, and DB Energie.

"The successful DB InfraGO AG Proof of Concept is a meaningful commercial validation for Solar Drone," said Doug Davis, Executive Chairman of VisionWave Holdings, in the press release.

VisionWave, which develops airborne, RF-sensing, and AI-powered technologies for defense and critical infrastructure sectors, has entered into a binding Letter of Intent to acquire Solar Drone Ltd., though the transaction has not yet closed. With a modest market capitalization of $7.65 million and a P/E ratio of -8.03, the micro-cap company has shown significant price volatility over the past year, trading between $2.06 and $18.41. InvestingPro data shows the stock has declined 10.4% over the past six months.

Solar Drone develops drone-based solutions for grid maintenance, fire prevention, and solar-field optimization with proprietary payloads and autonomous workflows.

The information in this article is based on a company press release statement.

In other recent news, VisionWave Holdings, Inc. has made several notable announcements. The company has filed unaudited condensed interim financial statements for its subsidiary, VisionWave Technologies Inc., covering the three months ended June 30, 2025. This filing includes the subsidiary’s balance sheets, statements of operations, and cash flows, providing comparative data for the same period in 2024. VisionWave Holdings has also taken steps towards acquiring Solar Drone Ltd., a subsidiary of BladeRanger Ltd., by assembling a due diligence team and signing a binding Letter of Intent. The acquisition will involve issuing 1.8 million shares of VisionWave common stock, with plans to finalize the agreement by December 10, 2025, and close by December 31, 2025, pending regulatory approvals. Additionally, VisionWave has filed a U.S. Provisional Patent Application for its new "AI-Assisted Multi-Modal RF Fire-Control System," known as WaveStrike, designed for military applications in challenging conditions. These developments highlight VisionWave’s strategic initiatives and technological advancements in its industry.

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