Business
VisionWave Subsidiary SolarDrone Acquires Controlling Interest in Junko Solar and Appoints Industry Executive as CEO
WEST HOLLYWOOD, Calif., March 17, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV), a developer of advanced AI-driven technologies and
About this update from Visionwave Holdings, Inc.
[{"type":"text","content":"WEST HOLLYWOOD, Calif., March 17, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV), a developer of advanced AI-driven technologies and strategic defense and infrastructure solutions, today announced that its wholly owned subsidiary SolarDrone Ltd. has entered into an agreement to acquire a 51% controlling interest in Junko Solar Ltd. (“Junko Solar”), an Israeli company specializing in solar panel maintenance and cleaning services. The transaction also includes the appointment of Amos Cohen, founder and controlling shareholder of Junko Solar, as Chief Executive Officer and Director of SolarDrone Ltd. Transaction Highlights SolarDrone to acquire 51% of Junko SolarAgreed company valuation of $400,000Total consideration of $204,000Transaction structured in three staged paymentsJunko’s solar maintenance activity to be integrated into SolarDrone operations Junko Solar operates in the rapidly expanding solar infrastructure services sector, providing specialized cleaning and maintenance solutions designed to improve solar panel efficiency and operational performance. Leadership Appointment Under the agreement, Amos Cohen will lead SolarDrone as Chief Executive Officer, bringing operational experience and industry relationships within the solar services sector. Mr. Cohen will oversee SolarDrone’s operational growth and the integration of Junko Solar’s business activity. Strategic Expansion VisionWave believes the transaction represents a strategic step toward expanding SolarDrone’s operational capabilities within the solar infrastructure services market. The integration of Junko Solar’s operational expertise is expected to strengthen SolarDrone’s ability to deliver scalable maintenance solutions in a rapidly growing global solar energy sector. About VisionWave Holdings, Inc. VisionWave Holdings, Inc. (Nasdaq: VWAV) is a dual-market autonomous systems platform company developing AI-driven, RF-based sensing, autonomy, and computational acceleration technologies for defense, homeland security, and commercial infrastructure applications. VisionWave’s mission is to connect defense innovation with civilian progress through shared core technologies deployed across air, land, and sea. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform...