NUBURU Provides Year-End Update Regarding Strategic Milestones

Core Insights - NUBURU, Inc. is set to achieve multiple strategic execution milestones by January 2026, focusing on expanding its defense platform and financial strengthening initiatives [1] Strategic Partnerships - NUBURU Defense LLC and Tekne S.p.A. are targeting early January 2026 for executing key agreements, including a formal network contract and a 2.9% equity transfer to Nuburu Defense, along with a €13 million convertible shareholder loan [2] - An initial disbursement of €1 million has already been made under the convertible shareholder loan to support the commencement of contractual activities [3] Revenue Framework and International Expansion - NUBURU and Tekne plan to jointly pursue international defense projects, including electronic-warfare solutions and military vehicles, targeting customers in the U.S., UAE, and NATO-aligned countries [3] - Revenue from these projects will be shared on a joint-venture basis, independent of Nuburu Defense's initial equity interest in Tekne [4] Acquisition Strategy - NUBURU plans to increase its ownership interest in Orbit S.r.l. above 20% by January 2026, which will allow for governance changes and effective control of Orbit's operations [5] - The company aims to acquire 100% of Orbit's equity through additional investments, subject to stockholder approval by July 31, 2026 [6] - This staged acquisition approach will enable NUBURU to consolidate Orbit's revenues once control is obtained [7] Lyocon Acquisition - NUBURU Defense and Lyocon S.r.l. are planning to sign and close a transaction in January 2026, which is expected to enhance NUBURU's capabilities in advanced defense and industrial applications [8][9] Joint Ventures - NUBURU is pursuing a joint venture with Maddox Defense Incorporated, with signing targeted by the end of January 2026, focusing on dual-use UAV solutions and defense manufacturing-as-a-service models [10][11] Financial Strengthening - The company is executing a financial strengthening plan to support its transformation into a diversified defense and security technology platform [12] - Recent financing initiatives have improved liquidity and extended operational runway, enabling strategic investments and acquisitions [13] Business Model Evolution - NUBURU's evolving platform aims to integrate laser-based hardware with mission-critical software and autonomous systems, addressing significant markets in defense and security [14] Management Commentary - Management emphasizes that early 2026 will be a pivotal execution phase, with multiple strategic initiatives translating into operational reality [15]