Nuburu(US:BURU) Businesswire·2025-11-12 12:46Core Insights - NUBURU has renewed its strategic partnership with Tekne to enhance defense innovation and military drone development, establishing a new agreement that supersedes previous arrangements [2][4][6] Partnership Details - The updated agreement includes the establishment of a "Network Contract" under Italian law by November 30, 2025, aimed at fostering a stable partnership without forming a new legal entity [3] - NUBURU will secure exclusive distribution rights for Tekne's products in the Americas and collaborate on orders in NATO, MENA, and APAC regions [4] - NUBURU aims to qualify as a new defense operator in Italy, proposing its products to Tekne's clients, particularly through a joint venture with Maddox Defense for military drones [4][7] Financial Commitment - NUBURU has committed €15 million to strengthen Tekne's financial position, which includes €2 million through an Inventory Monetization platform and €13 million as a convertible shareholder loan [12] Strategic Goals - The partnership is positioned to enhance NUBURU's capabilities in the defense and security sectors, with a focus on technological innovation and project co-investment [4][6][5] - NUBURU plans to submit a 'Golden Power' notification to the Italian Government by year-end, covering its strategic cooperation with Tekne and the joint venture with Maddox Defense [7]