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Powerus (Nasdaq: PUSA) reported that its wholly owned subsidiary Tandem Defense has been selected as one of up to 10 companies to advance to Phase 3 of the U.S. Army’s xTech Adaptive Strike competition. The Army program seeks to accelerate commercial technologies that enhance small-unit effectiveness in contested environments, including extended-range reconnaissance, affordable strike, loitering munitions, small-unit power generation and counter-UAS capabilities.
The Phase 3 selection follows a Phase 2 field-evaluation period at the U.S. Army National Training Center, where a Powerus team trained an Army unit on the Matrix FPV platform during a force-on-force exercise; the unit using the system was nominated for “hero of the battle.” As a Phase 2 finalist, Powerus received a $50,000 award. Phase 3, the final soldier exercise, is scheduled from October 29, 2026 to November 28, 2026, with up to five winners each eligible for an additional $100,000 prize and potential follow-on contract discussions. Separately, Powerus noted its previously announced proposed merger with Aureus Greenway Holdings, which remains subject to customary closing conditions, including effectiveness of a Form S-4 and regulatory approvals.
Aureus Greenway (Nasdaq:PUSA) affiliate Powerus announced a $30 million strategic equity investment from Unusual Machines (NYSE American:UMAC), a U.S. manufacturer of NDAA-compliant drone components. The funding deepens their existing supply and manufacturing relationship and supports scaling autonomous and counter-drone systems using a domestic defense-autonomy supply chain.
Powerus has a proposed merger with Aureus Greenway that has not yet closed and remains subject to customary conditions.
Powerus (PUSA) and Swarmer (Nasdaq: SWMR) signed a non-binding Memorandum of Understanding to explore integrating Swarmer’s vendor-agnostic swarming and coordination software with Powerus air and maritime autonomous systems.
The exploratory collaboration will assess interoperability for defense, border security, counter-drone, and critical-infrastructure missions and creates no production, procurement, or financial obligations. Powerus also reiterates its proposed, not-yet-closed merger with Aureus Greenway Holdings (Nasdaq: PUSA).
Dominari Holdings (Nasdaq: DOMH) detailed its role in financing key participants in the growing American drone sector, including Unusual Machines (NYSE American: UMAC), Aureus Greenway (Nasdaq: PUSA), and JFB Construction Holdings (Nasdaq: JFB).
Dominari supported UMAC’s IPO and follow-on offerings, helping it reach a reported $1.5B valuation, and highlighted portfolio involvement in the U.S. Department of Defense’s Drone Dominance Program, which targets procurement of over 200,000 drones by 2027. Across three portfolio companies, Dominari cites total capital raised of $349,404,002.
Powerus, doing business as Autonomous Power Corporation, was selected to compete in the Phase II qualifier of the Pentagon’s $1 billion Drone Dominance Program with its MatrixFold multi-purpose attack drone. The program aims to procure tens of thousands of low-cost, one-way attack drones.
This follows a merger agreement with Aureus Greenway Holdings (Nasdaq: PUSA), expected to make Powerus publicly traded upon completion. The MatrixFold platform is U.S.-made, modular, Blue UAS-compatible and NDAA-compliant, with the Phase II qualifier window estimated for June 2026.