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VisionWave Holdings Establishes Israeli Subsidiary and Appoints Leadership Team to Advance Strategic Technology Platform
WEST HOLLYWOOD, Calif., March 20, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV) (“VisionWave” or the “Company”), a developer of advanced
About this update from Visionwave Holdings, Inc.
[{"type":"text","content":"WEST HOLLYWOOD, Calif., March 20, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV) (“VisionWave” or the “Company”), a developer of advanced AI-driven sensing, RF, and defense-related technologies, today announced the establishment and full acquisition of VisionWave IL Ltd., a wholly owned subsidiary based in Israel for nominal consideration. The Company has appointed Khdoura Sabbagh (A/K/A Adir Sabag) as Chief Executive Officer and sole director of VisionWave IL Ltd., and engaged Oren Attiya, through CO-Finance Financial and Accounting Consulting Ltd., to provide financial leadership and CFO-level services to the subsidiary. Strategic Expansion into Israel - The formation of VisionWave IL Ltd. represents an initial step in the Company’s continued expansion of its global operational footprint, positioning VisionWave within one of the world’s leading hubs for advanced engineering, defense innovation, and applied AI technologies. Israel is widely recognized for its concentration of high-caliber engineering talent, particularly in areas directly aligned with VisionWave’s core platforms, including: RF-based sensing and signal intelligenceAutonomous systems and defense technologiesAdvanced data processing and AI-driven applications VisionWave believes that establishing a dedicated presence in Israel will support its ability to accelerate development initiatives, strengthen technical capabilities, and enhance execution across its growing portfolio of strategic programs. This remains subject to successful implementation, talent acquisition, and market conditions, and there can be no assurance that the subsidiary will generate material benefits or revenue in the near term. Leadership Appointments – Adir Sabag, as CEO of VisionWave IL Ltd., will lead the subsidiary’s operations, including business development, engineering coordination, and local execution of strategic initiatives. Oren Attiya, through his consulting firm, will support the subsidiary’s financial infrastructure, including accounting, reporting, and compliance functions, contributing to the Company’s ongoing commitment to disciplined financial oversight. Management Commentary -Douglas Davis, CEO and Executive Chairman of VisionWave Holdings, stated: “The establishment of VisionWave IL Ltd. reflects our continued focus on building a globally integrated techno...