VisionWave completes defense pilot with tier-1 US company

WEST HOLLYWOOD - VisionWave Holdings, Inc. (NASDAQ:VWAV), a micro-cap defense technology company with a market capitalization of $7.65 million, announced Thursday it has completed a pilot project with an unnamed U.S. tier-1 defense company focused on unmanned applications, high-fidelity sensing, and Active Protection System solutions.

According to the company’s press release, the defense customer has purchased evaluation samples following the pilot. Engineering teams from both companies are reportedly collaborating on system integration aligned with target platforms and mission profiles. The news comes as VisionWave’s stock trades at $9.24, having declined 22.64% over the past six months, according to InvestingPro data.

"Our teams are already working with the customer’s engineering group on system integration and combined development," said Noam Kenig, Chief Executive Officer of VisionWave.

The announcement follows VisionWave’s recent five-day live-fire campaign in the UAE with a government-owned defense partner. The company claims these engagements demonstrate growing interest in its technology approach.

The defense technology company stated that next steps may include targeted integration work packages, customization aligned to platform needs, and potential program pursuits, though it noted these are subject to definitive agreements and approvals.

VisionWave specializes in AI-powered sensing, on-edge autonomy, and threat-response systems, with products including super-resolution radar and multispectral imaging technologies.

The company did not disclose financial terms of the pilot or the identity of the defense contractor in its announcement. For deeper insights into VisionWave’s financial health and growth prospects, InvestingPro offers exclusive analysis and detailed metrics, including Fair Value estimates and comprehensive financial ratios.

In other recent news, VisionWave Holdings, Inc. has announced several key developments. The company has entered into a consulting agreement with Crypto Treasury Management Group, LLC to establish a digital asset treasury reserve. This two-year agreement will provide VisionWave with strategic advisory services, including the development of a crypto treasury strategy and assistance with capital formation. VisionWave has also completed a live-fire trial of its 4D radar system in Abu Dhabi, demonstrating its capabilities in detecting and tracking aerial threats. Additionally, VisionWave has signed a Memorandum of Understanding with VEDA Aeronautics to collaborate on defense projects for the Indian Ministry of Defense, including drone and tank programs.

Furthermore, the company has announced new employment agreements with three executives, with salary increases tied to revenue milestones. These agreements include performance bonuses linked to net revenue and income, reflecting VisionWave’s focus on financial growth. Meanwhile, GBT Technologies Inc. has expressed interest in acquiring Two Hands Corporation, with a proposal involving cash and shares. These recent developments highlight VisionWave’s strategic moves in technology and defense sectors, as well as its focus on expanding its executive team and exploring digital asset management.

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