Solar Drone CEO travels to Greece for technical discussions

VisionWave (VWAV) Holdings announced that, following the recently announced Letter of Intent pursuant to which VisionWave has agreed, subject to closing conditions, to acquire Solar Drone, Shmulik Yannay, CEO of Solar Drone Ltd., is currently in Greece conducting a series of technical meetings and presentations with certain Greek government ministries, the national grid operator, and emergency-response organizations regarding potential applications of drone-based technologies for wildfire mitigation and power-grid maintenance. Greece continues to face significant wildfire risk and power-grid maintenance challenges. The parties believe that certain drone-based technologies under discussion could potentially offer useful capabilities in these areas, although no assurance can be given that any such technologies will be adopted or deployed in Greece. During the visit, representatives of Solar Drone will present its full range of technologies, including early wildfire detection and containment, UV-based identification of power-line defects, high-pressure insulator cleaning, and autonomous inspection. If the proposed acquisition of Solar Drone Ltd. is consummated, VisionWave currently intends to explore possible integration of its VisionRF radio-frequency sensing and geospatial intelligence technologies into the Solar Drone platform, to further enhance emergency-response capabilities and situational awareness; however, there can be no assurance that the acquisition will close or that any such integration will occur or be successful