VisionWave forms $5 billion defense tech joint venture with Israeli firm

WEST HOLLYWOOD/TEL AVIV - VisionWave Holdings, Inc. (NASDAQ:VWAV) announced Wednesday the formation of a joint venture with Israel-based AIPHEX LTD to develop and commercialize defense and space technologies. The announcement comes as VisionWave’s stock trades at $9.09, having retreated about 19% year-to-date according to InvestingPro data.

The Nevada-based joint venture, valued internally at approximately $5 billion for equity allocation purposes, will be owned 46.76% each by VisionWave and AIPHEX, with GBT Tokenize Corp. and GBT Technologies holding 6.08% and 0.40% respectively. This valuation stands in stark contrast to VisionWave’s current market capitalization of $7.65 million, with the stock trading significantly below its 52-week high of $18.41.

The seven-year agreement combines VisionWave’s Evolved Intelligence platform with AIPHEX’s combat-validated multi-physics AI and autonomous missile technologies. The venture aims to pursue U.S. and international defense contracts across 11 specific projects already in advanced negotiation stages, according to the company.

"This joint venture is about scale and execution," said Noam Kenig, CEO of VisionWave Holdings. "We are aligning resources and technology to compete at the scale of megaprojects that will define the future of defense."

AIPHEX CEO Dr. Moshik Cohen, described as a former Israeli Air Force officer and defense innovator, stated the partnership would "deliver sovereign, software-defined systems that scale to confront the hardest defense challenges."

As part of the agreement, GBT Tokenize will contribute restricted VisionWave shares and an intellectual property portfolio of 12 patents in semiconductors, photonics, and AI, with a draft independent valuation of approximately $300 million.

The joint venture will automatically terminate if no revenue is generated from designated projects within the first 12 months, according to the press release statement.

Further details about the partnership were filed in a Form 8-K with the SEC on August 26. For investors seeking deeper insights into VisionWave’s financial health and valuation metrics, InvestingPro offers comprehensive analysis including exclusive ProTips and advanced financial indicators that could help evaluate this strategic move’s potential impact.

In other recent news, VisionWave Holdings, Inc. and GBT Technologies Inc. have announced a strategic joint venture with AIPHEX LTD and GBT Tokenize Corp. to form a limited liability company in Nevada. This venture focuses on defense and technology projects, with VisionWave and AIPHEX each holding approximately 46.76% ownership, GBT Tokenize Corp. holding 6.08%, and GBT Technologies holding 0.40%. The equity allocation is based on an internal estimated value of $5 billion. In other developments, VisionWave Holdings is exploring opportunities in India’s defense modernization sector, targeting multi-year procurement and battlefield technology upgrades. VisionWave has also advanced its patent application process with the U.S. Patent and Trademark Office concerning its Radio Wave Finder technology. Additionally, VisionWave introduced a new AI engine, Evolved Intelligence, aimed at enhancing defense capabilities. Meanwhile, VisionWave’s COO, Yossi Attia, has resigned for personal reasons, as disclosed in a recent SEC filing.

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