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BiomX Launches Security Subsidiary in Israel and Will Initially Invest Over $3 million In Its Operations
Initiative marks entry into Israel’s rapidly growing autonomous AI defense, firefighting and first response activitiesNETANYA, Israel, March 26, 2026 (GLOBE NEWSWIRE) -- BiomX Inc. (NYSE American: PHGE) today announced the launch of X Security & Defense LTD., a new wholly-owned subsidiary. The company will finance its 2026 operations with over $3 million from internal funds, including for operations and acquisitions related to security, defense and first response. For its initial transaction, Bi
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[{"type":"text","content":"Initiative marks entry into Israel’s rapidly growing autonomous AI defense, firefighting and first response activities","length":118,"tagName":"p"},{"type":"text","content":"NETANYA, Israel, March 26, 2026 (GLOBE NEWSWIRE) -- BiomX Inc. (NYSE American: PHGE) today announced the launch of X Security & Defense LTD., a new wholly-owned subsidiary. The company will finance its 2026 operations with over $3 million from internal funds, including for operations and acquisitions related to security, defense and first response. For its initial transaction, BiomX has signed a non-binding LOI with an unrelated third party to secure the exclusive distribution rights in Israel for an advanced aerial firefighting system from a drone components and payload developer.","length":592,"tagName":"p"},{"type":"text","content":"The proposed license would grant X Security & Defense the rights to distribute drone-based fire suppression solutions, designed to deliver rapid, targeted response capabilities in challenging environments. The system utilizes high-pressure water and fire-retardant dispersion, enabling fire suppression while reducing risk to personnel and minimizing reliance on traditional aerial or ground-based firefighting methods, while also supporting first responders with enhanced situational awareness and rapid response capabilities. BiomX’s intended investment will fund X Security & Defense’s operations and initial deployment of this agreement.","length":649,"tagName":"p"},{"type":"text","content":"The launch of X Security & Defense marks BiomX’s entry into the growing defense and emergency response market. The global UAVs for emergency responders market was $3.2 billion in 2023 and is projected to reach $9.6 billion in 2032. Meanwhile, the firefighting drone market, valued at approximately $1.8 billion in 2023, is projected to reach over $4.5 billion by 2032, reflecting strong double-digit growth driven by increasing wildfire frequency, infrastructure risk, and the need for faster, safer response capabilities.","length":526,"tagName":"p"},{"type":"text","content":"These dynamics are particularly relevant in Israel, where conflict-related incidents have increased fire events impacting civilian areas and critical infrastructure. Government investment in emergency preparedness remains substantial, with budgets exceeding $50...