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Investing.com -- VisionWave Holdings Inc (NASDAQ:VWAV) stock gained 4.4% in premarket trading Wednesday after the company announced a significant advancement in its European growth strategy following a successful proof of concept with Germany’s DB InfraGO AG.
The company has appointed Judit Nagypal to lead its commercial engagement in Europe and accelerate potential deployment opportunities across the region. Nagypal, based in Munich, Germany, is also under consideration to join VisionWave’s Board of Directors.
VisionWave’s subsidiary, Solar Drone, recently completed a 100-day proof of concept with DB mindbox, the innovation platform of DB InfraGO AG. The German railway infrastructure company confirmed the successful completion of the test and recommended Solar Drone to advance discussions with three interested departments: Sky Operations, DB Services, and DB Energie.
The evaluation demonstrated the effectiveness of Solar Drone’s automated cleaning technology for large glass rooftops at major train stations, addressing a persistent maintenance challenge for DB InfraGO AG.
"The successful DB InfraGO AG Proof of Concept is a meaningful commercial validation for Solar Drone and demonstrates the strength of our technology in one of Europe’s most demanding operational environments," said Doug Davis, Executive Chairman of VisionWave Holdings.
Nagypal will coordinate directly with DB InfraGO AG’s designated departments, Solar Drone’s engineering team, and VisionWave’s strategic partners across the European Union as the company works to capitalize on this opportunity.
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