NUBURU has outlined a software-driven Italian Defense & Security platform strategy with projected gross revenue of approximately US$336.3 million between 2026 and 2029.
NUBURU, the next-generation dual-use Defense & Security integrated platform company focused on non-kinetic effects and directed-energy technologies, electronic warfare and defense mobility programmes, software-orchestrated defense systems and advanced manufacturing, has presented the NUBURU Defense Italian plan following the recent Golden Power notification submitted in connection with NUBURU’s planned acquisition of a controlling 70% ownership stake in Tekne S.p.A. (Tekne).
A golden power notification is a legal requirement for certain foreign or strategic investments in Italy, where the government must be informed before completing transactions that could affect national security or strategic assets.
The NUBURU Defense Italian plan is expected to be supported by senior strategic advisers Prof. Carlo Alberto Carnevale Maffè and Gen. Pietro Serino.
The plan reflects the industrial, technology and governance framework included in the Golden Power notification package and in materials provided to NYSE American. NUBURU believes the plan provides the market with a clearer view of the scale and credibility of the Company’s Italy-centred Defense & Security strategy, including projected plan revenue, the expected quality of the Italian operating team, the role of senior advisers, the protection of Italian IP and the platform rationale behind recent and pending acquisitions.
NUBURU’s platform vision is software-driven. The Italian plan is intended to combine industrial assets, photonics, electronic warfare, special vehicles and operational-resilience software into a common architecture in which fielded systems can become governed mission nodes, produce validated data, support human authorisation, generate audit-ready records and integrate with authorised customer workflows.
Based on Company plan materials prepared in support of NUBURU’s NYSE American compliance updates, NUBURU calculates that the NUBURU Defense Italian plan revenue metric represents approximately US$336.3 million of cumulative 2026-2029 projected gross revenue. The yearly figures are approximately US$13.1 million in 2026, US$74.4 million in 2027, US$105.7 million in 2028 and US$143.1 million in 2029.
The NUBURU Defense Italian plan revenue metric excludes any US go-to-market initiative. This includes the current Maddox Defense joint venture, any potential US commercialisation of Tekne’s current solutions and the broader future NUBURU Defense & Security platform offering in the United States. Any such opportunities, if pursued, would be separate from the Italian plan metric and would be subject to applicable Italian, US and other export-control, import-control, intellectual-property, end-use, security and regulatory requirements and approvals.
This calculation is intended to isolate the Italian defense platform plan within the Company plan materials. It does not represent a separate audited reporting segment, a forecast of consolidated revenues or an ownership-adjusted amount. The metric is presented before ownership, consolidation, customer-conversion, transaction-completion, Golden Power authorisation, US GAAP reconciliation and other accounting or operational adjustments and actual results may differ materially from the projections.
This platform rationale is central to the acquisition strategy. Tekne gives NUBURU a fieldable Italian industrial base and EW/CEMA capability. Lyocon S.r.l. (Lyocon) gives NUBURU photonics and blue-laser engineering capacity. Orbit S.r.l. (Orbit) provides the software, workflow and evidence layer that can make dual-use applications scalable and auditable. SunCubes S.r.l. (Suncubes), if approved and completed, could add longer-term optical communications and power pathways. Together, these layers are intended to create an Italian platform capable of serving defense, security and critical-infrastructure customers where authorised.
NUBURU believes software is crucial to the dual-use strategy because it can convert hardware and industrial capabilities into repeatable mission packages. The software layer is expected to ingest events, normalise and validate data, support decision workflows, preserve human authorisation, generate audit-ready records, expose approved information to authorised systems through governed APIs and connect sustainment workflows back to customer readiness.
Orbit is expected to be the connective software layer that turns Tekne vehicles, EW/CEMA systems, Lyocon optical modules, sensor nodes, towers, sustainment assets and authorised third-party systems into coordinated, auditable mission nodes. NUBURU expects this software-first architecture to improve customer workflow integration, support evidence-based procurement and training and create recurring software and systems-integration value around hardware deployments.
The intended operating loop is governance-led and non-operational: sense, validate, decide, authorise, act, report, sustain and learn. NUBURU does not intend this layer to replace classified tactical C2 or fire-control systems. Rather, the Company expects it to complement incumbent architectures as an integration, evidence, resilience and workflow-governance layer, subject to customer requirements, cybersecurity accreditation, export controls and applicable approvals.
The roadmap is organised around six non-operational capability families, each subject to customer requirements, technical validation, export controls, laser-safety review, cybersecurity accreditation, Golden Power constraints where applicable and other regulatory approvals.
Counter-UAS and non-kinetic optical defense includes operator-governed, below-threshold optical and directed-energy concepts that may complement conventional kinetic defense layers. EW/CEMA and tactical communications includes Tekne electronic-warfare and CEMA capabilities, including evolution of Bolla Tattica concepts toward software-connected, resilient mission packages.
Special vehicles and mobile mission nodes cover Tekne special-vehicle and defense-mobility capabilities as fieldable hardware vectors for C-UAS, EW/CEMA, command, sensor and sustainment packages. Software orchestration covers workflow, validation, authorisation, audit, reporting, API and resilience capabilities designed to connect distributed mission nodes and customer systems.
Deployable manufacturing and sustainment includes field support, spare-parts workflows, mission-package adaptation and sustainment concepts, with US MAMC/Maddox activities treated as a separate initiative outside the Italian plan revenue metric. Optical communications, power and underwater or space resilience covers Italian R&D pathways involving Lyocon and, where approved, SunCubes, for optical communications, power-beaming concepts, underwater monitoring and infrastructure or space-resilience applications.
The plan presented in the Golden Power context is designed to preserve and expand Tekne’s Italian industrial footprint across Poggiofiorito, Ortona and Guastalla, support Tekne’s restructuring and expansion, protect strategic defense technologies, intellectual property and sensitive information and strengthen governance, security and compliance safeguards. The plan also contemplates approximately EUR15.5 million of CapEx over the 2026-2030 period, primarily linked to the Ortona industrial and technology footprint, approximately 372 net direct FTE in Italy by 2030 and an estimated 500-650 additional induced jobs in Abruzzo, subject to the plan’s assumptions and execution.
NUBURU believes the credibility of the Italian plan is supported by the combination of projected scale, Italian industrial footprint, software-driven platform logic and senior advisory depth.
Gen. Pietro Serino, former Chief of Staff of the Italian Army and former Chief of Cabinet of the Italian Minister of Defense, is expected to support the Italian project in a strategic advisory capacity, with focus on defense doctrine, NATO alignment, institutions and transatlantic positioning.
Prof. Carlo Alberto Carnevale Maffè, Associate Professor of Practice at SDA Bocconi and Strategy Advisor to the NUBURU Group, is expected to support the Italian project with focus on platform economics, competitive intelligence, industrial governance and the value narrative for Italian intellectual property.
NUBURU expects the Italian management structure to be designed around execution quality, institutional discipline and public-company reporting standards.
The expected management team is intended to include experienced executives and specialists across finance, operations, programme management, quality, reporting, security, compliance, export control, technology integration and industrial execution. Specific appointments and governance roles will be determined by the competent corporate bodies after closing and in line with any Golden Power prescriptions or commitments.
NUBURU believes this combination of senior advisory credibility and management depth is central to the plan. It is intended to support Italian industrial continuity, protect sensitive information and Italian IP and give defense and institutional customers confidence that the platform can be executed with appropriate governance, security and operational discipline.
NUBURU also announced that, under the SPA, NUBURU Defense has provided an additional EUR1.0 million to Tekne to support working capital, production continuity and certain orders linked to the existing Contratto di Rete/network-contract cooperation framework. This additional EUR1.0 million is in addition to the EUR1.0 million advance provided at the signing of the SPA and is intended to help Tekne address working-capital needs and prepare for closing following Golden Power authorisation, if obtained, subject to the applicable mechanics and limitations of the SPA and the Golden Power process.
As previously announced, the signed SPA establishes a binding path for NUBURU to acquire majority ownership and control of Tekne based on a fixed EUR52 million pre-money valuation. The transaction includes a capital increase and shareholder financing conversion, a EUR5.2 million share purchase, a revenue-based earn-out capped at EUR29.692 million and a target of 70% ownership of Tekne.
NUBURU believes these transaction, industrial and national-interest commitments are mutually reinforcing, supporting production continuity, preservation of strategic know-how, Italian IP stewardship and the creation of a platform serving Italy, NATO and allied markets.
Alessandro Zamboni, Executive Chairman and co-CEO, NABURU, said: “Prof. Carlo Alberto Carnevale Maffè and Gen. Pietro Serino add strategic, institutional, defense and platform-economics depth to the Italian plan. Together with the expected Italian management team, they support our objective of building an industrial platform in Italy with disciplined governance, protected IP and a credible execution roadmap.”
