Tessera Defense and Homeland Security Inc. (HLSQ) is a NYSE American-listed physical security technology company that operates a unified platform connecting cameras, sensors, detection technologies, artificial intelligence and other security infrastructure. News related to Tessera often focuses on how the company develops and deploys integrated security solutions for homeland security, critical infrastructure, energy, digital infrastructure and enterprise environments.
Coverage of Tessera can include announcements about enhancements to its unified security platform, updates on deployments that connect detection, intelligence and response across complex sites, and developments involving its subsidiaries. Zorronet, which provides AI-powered security intelligence and autonomous command-and-control capabilities, and DFSL, which develops LADAR-based counter-UAS and perimeter security systems, may feature in reports about advanced sensing, real-time intelligence and autonomous response applications.
Another important theme in Tessera-related news is its corporate evolution. On September 11, 2026, the company changed its legal name from BiomX Inc. to Tessera Defense and Homeland Security Inc. and began trading under the HLSQ ticker, replacing PHGE. Articles and releases may reference this transition and explain that older items under the BiomX name or PHGE symbol document the issuer’s former biotechnology business rather than its current security focus.
Investors, analysts and security professionals following Tessera’s news can expect information about platform capabilities, customer segments such as critical infrastructure and homeland security organizations, and the company’s role in addressing evolving physical threats, including those involving unmanned and autonomous systems. Historical news under the BiomX identity remains part of the record but should be interpreted in light of the company’s subsequent shift to physical security technology.
Tessera Defense and Homeland Security (HLSQ) announced that subsidiary Zorronet received an additional antenna order from an existing Israeli defense customer.
The order covers third-party antenna systems for integration with Zorronet technology previously purchased by the customer. It forms part of a pilot designed to extend communication and control distances for autonomous aerial and ground systems. This is Zorronet's first pilot combining extended-range antennas with its autonomous system in an integrated communications, processing and control solution. The company said the project could support additional autonomous-system projects and broader hardware-and-software business opportunities.
Tessera Defense and Homeland Security (HLSQ) subsidiary Zorronet received an initial commercial order for two Edge AI systems from a global defense company. The units will undergo further testing and demonstrations under field conditions following an initial evaluation of a working prototype.
The customer indicated potential for a follow-on order of up to 1,000 units, subject to successful field testing and performance validation. Jointly developed to meet the customer's operational requirements, the system combines thermal sensing, AI and local processing without relying on cloud services or external servers. Zorronet develops and manufactures the system in Israel.
Tessera Defense and Homeland Security (HLSQ) has integrated autonomous open-source intelligence capabilities into its physical security platform.
The company says the integration enables the platform to use publicly available information to investigate suspicious activity and assess potential threats beyond a site's perimeter. Depending on configuration, the platform can initiate predefined security procedures autonomously or involve human operators through alerts, recommendations and approval workflows. Tessera is also evaluating potential integration of electronic, signals and physical intelligence capabilities.
Tessera Defense and Homeland Security (NYSE American: HLSQ) completed a $1 million refundable payment securing its option to acquire control of RT LTA Systems. The 90-day option covers 51% of RT, a tethered aerostat developer. The deposit counts toward the purchase price if exercised and is refundable otherwise.
The price is based on the lower of a $13 million equity value or a formula tied to RT's average revenue and EBITDA—earnings before interest, taxes, depreciation and amortization—over 2026–2028, using audited results and an earnout structure. Exercise remains at Tessera's discretion, subject to due diligence and other approvals. Tessera is validating RT's asserted approximately $15 million backlog as of October 15, 2026. RT is also to grant Tessera a non-exclusive, perpetual technology license within 60 days of the agreement, whether or not the acquisition proceeds.
Tessera Defense and Homeland Security (HLSQ) entered into an employment agreement with CEO Michael Oster that includes equity and performance-based compensation. Subject to approvals, awards include options for up to 1,000,000 shares at $1.15, 1,000,000 restricted stock units vesting over three years and 400,000 fully vested shares for service since March 2026. Performance awards start at 200,000 shares when EBITDA per share exceeds $0.05 for FY 2027 or $0.10 for FY 2028, adding 100,000 shares per full cent above each threshold, capped at 500,000 shares annually.
All awards require stockholder approval of a plan expansion at the October 20, 2026 special meeting and NYSE American listing approval. Tessera has raised more than $6 million net through its at-the-market offering at approximately $1.15 per share, adjusted for its reverse split. An existing financing source agreed to add $5 million in available resources through a credit line.
Tessera Defense and Homeland Security (HLSQ) reported additional operational orders and deployments for its subsidiary Zorronet’s natural-language AI platform.
Customers in critical infrastructure, defense and public safety are moving systems from trials into daily use. Orders include systems for three Israeli kibbutzim, a monitoring and command center, an energy company and a national rail operator. The energy customer has connected three operational sites and plans further expansion. An Israeli law-enforcement organization integrated two interfaces into existing servers, while two military sites implemented upgrades. An Israeli defense company upgraded its deployment and ordered two additional systems.
Tessera Defense and Homeland Security (HLSQ) subsidiary Zorronet signed a 24-month framework subcontracting agreement with Malam subsidiary Team-Netcom for Israeli customer projects.
Zorronet will be a preferred vendor supplying its AI-powered security technology within Malam-led projects. Team-Netcom will act as prime contractor and systems integrator, managing delivery, customer implementation and integration with existing systems. Specific projects require individual work orders agreed between Malam and Zorronet. The parties intend to pursue additional projects and evaluate opportunities to expand the collaboration.
Tessera Defense and Homeland Security (HLSQ) targets $14 million to $16 million in consolidated revenue for 2027.
It also targets approximately $21 million in 2028 and $30 million in 2029. Management expects 2027 revenue to be weighted toward the second half. It links $7 million of the 2027 target to backlog, signed contracts or purchase orders; $5 million to existing-customer expansion and identified commercial opportunities; and $3 million to new customers and future opportunities.
For 2027, Tessera targets 70 platform deployments or customer sites, approximately $7 million to $8 million in recurring software, licensing, service and support revenue, and approximately $14 million in year-end backlog. The revenue targets assume contributions from future acquisitions but exclude companies under unexercised acquisition options.
Tessera Defense and Homeland Security (HLSQ) obtained an option to acquire 51% of Israeli airborne-surveillance company RT LTA Systems. Tessera has 90 days to exercise the option at its discretion, subject to due diligence. The price will be based on the lower of a $13 million valuation or a formula tied to RT’s average revenue and EBITDA for 2026 through 2028, using audited results and structured as an earnout. Tessera will deposit $1 million, credited toward the price if it exercises the option and refunded if it does not.
RT makes Skystar and SkyGuard tethered surveillance systems and reports approximately $15 million in backlog entering 2027. The parties also agreed in principle on licensing for homeland security applications, whether or not Tessera completes the acquisition. Mandragola agreed to increase its existing credit facility to $7 million. Tessera plans to use its existing at-the-market equity program to help fund the acquisition; it raised approximately $5.3 million through that program over the past quarter.
Tessera (HLSQ) announced that subsidiary Zorronet has been selected in a public tender by Eshkol Kinneret Valleys for an AI-based video analysis system, under a multi-year framework with a maximum aggregate value of up to approximately $1.3 million.
Under the framework, Zorronet will provide AI-powered video analytics and access-control technology for security systems at community access points in northern Israel, including vehicle and license-plate identification, automated alerts and integration with existing video and gate-control systems. The framework has an initial 36‑month term, with options for up to two additional 12‑month extensions, and allows participating local authorities to issue individual orders and, where applicable, run additional competitive processes among approved vendors.