Autonomous Solutions

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Deere Acquires GUSS Automation: Set to Lead Farming Innovation?
ZACKS· 2025-09-03 14:56
Key Takeaways Deere bought GUSS Automation, maker of autonomous sprayers for orchards and vineyards.GUSS machines use GPS, LiDAR and sensors, with one operator managing eight units.Combined with Smart Apply, Deere offers both automation and precision spraying systems.Deere & Company (DE) has acquired GUSS Automation, LLC, a pioneer in autonomous sprayers used in orchards and vineyards. The move underscores Deere’s commitment to accelerating innovation and delivering technologies that can cut down operator e ...
ParaZero Announces First Half of 2025 Financial Results
Globenewswire· 2025-08-28 20:15
Core Insights - ParaZero Technologies Ltd. reported a sales increase of approximately 27% compared to the same period in 2024, totaling $357,979 for the six months ended June 30, 2025 [1][5][6] - The company is focusing on the rapidly growing counter-drone and defense markets, with a projected market growth from USD 3.10 billion in 2025 to USD 12.24 billion by 2032, reflecting a CAGR of 21.62% [4] Financial and Corporate Updates - Sales increased by 26.6% to $357,979 for the six months ended June 30, 2025, driven by new product sales in the defense sector and original equipment manufacturer integrations [5][6] - The company raised approximately $3.1 million and $2.2 million in gross proceeds from registered direct offerings in February 2025 and August 2025, respectively [6] - Comprehensive and net loss amounted to $2,295,955 for the six months ended June 30, 2025, compared to a net loss of $2,026,094 for the same period in 2024 [9][19] Product and Market Developments - ParaZero secured approvals from DECA under the Israeli Ministry of Defense for the global marketing of its DefendAir counter-UAS system, achieving a 100% interception rate in live field demonstrations [4][6] - The company enhanced its portfolio with successful tests of the DropAir precise airdrop system, which enables rapid autonomous supply delivery in challenging terrains [6] - ParaZero progressed to Phase II with the Israeli Ministry of Defense, focusing on delivering pilot systems for implementation and additional operational testing [6] Cost and Expense Analysis - Cost of sales amounted to $431,888 for the six months ended June 30, 2025, compared to $209,529 for the same period in 2024, primarily due to increased sales volume and product mix [9][18] - Research and development expenses increased to $1,155,436 for the six months ended June 30, 2025, compared to $662,440 for the same period in 2024, driven by higher labor costs [9][18] - General and administrative expenses totaled $1,670,513 for the six months ended June 30, 2025, compared to $1,122,759 for the same period in 2024, mainly due to non-cash expenses related to grants [9][18]
Micropolis Announces Expansion into Egypt and North Africa Through Exclusive Distribution Agreement with AERXIO
Globenewswire· 2025-08-21 13:00
DUBAI, United Arab Emirates, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Micropolis Holding Co. ("Micropolis" or the "Company") (NYSE: MCRP), a pioneer in unmanned ground vehicles ("UGVs") and AI- driven security solutions, today announced an exclusive distribution agreement with AERXIO FZ-LLC, a UAE- based technology solutions provider, who will act as sole distributor of Micropolis's advanced UGVs and related technologies across Egypt and North Africa. For more information please visit www.micropolis.ai. Forward-Lo ...
VisionWave Technologies Inc. and Bannix Acquisition Corp. Complete Business Combination
GlobeNewswire News Room· 2025-07-14 20:01
Company Overview - VisionWave Holdings Inc. is focused on revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains [3] - The company aims to redefine operational efficiency and precision for military and homeland security applications worldwide, with innovations including high-resolution radars, advanced vision systems, and radio frequency sensing technologies [3] Business Combination - VisionWave Technologies Inc. successfully completed a business combination with Bannix Acquisition Corp. on July 14, 2025, resulting in both companies becoming wholly-owned subsidiaries of VisionWave Holdings Inc. [1] - Shares of VisionWave Holdings will begin trading on the Nasdaq Global Market under the ticker symbols "VWAV" for common stock and "VWAVW" for warrants starting July 15, 2025 [1] Leadership Statements - Douglas Davis, Executive Chairman of VisionWave Holdings, emphasized the significance of the business combination and the listing on Nasdaq as a milestone for the company, aiming to develop new technologies in the defense sector [1] - Noam Kenig, CEO of VisionWave Holdings, highlighted the focus on accelerating innovation in defense-grade AI systems and pursuing strategic global partnerships [1] Strategic Positioning - VisionWave is strategically positioned to serve global markets, with headquarters in the U.S. and partnerships in Canada and the United Arab Emirates [3] - The company is committed to delivering cutting-edge defense solutions that address the evolving needs of security forces worldwide [3]
Micropolis Announces Subsidiary Name Change
Globenewswire· 2025-06-23 13:00
"Micropolis designs and produces advanced robotics and AI technologies tailored to our customers' needs," said Fareed Aljawhari, Founder & CEO of Micropolis. "This subsidiary renaming better reflects our identity as a robotics company, underscores our expanding market presence, and reinforces our commitment to delivering innovative autonomous solutions." DUBAI, United Arab Emirates, June 23, 2025 (GLOBE NEWSWIRE) -- Micropolis Holding Co. ("Micropolis" or the "Company") (NYSE: MCRP), a pioneer in unmanned g ...