Powerus Named by the Department of War as an Industry Participant in Falcon Peak 26.2
Powerus joins a U.S. counter‑UAS experiment at Yuma while its planned merger with Aureus Greenway Holdings awaits approvals and closing.
Counter unmanned aircraft systems experiment led by
- Powerus named among 21 industry participants supporting Falcon Peak 26.2.
- Experiment runs at Yuma Proving Ground through September 25, 2026.
- Focus is low-collateral counter unmanned aircraft systems capability for installations and the Southern Border.
- Powerus has entered into a definitive merger agreement with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). The proposed merger remains subject to customary closing conditions.
According to the Department of War announcement issued September 14, 2026, Falcon Peak 26.2 is a
The Department described the experiment as the fourth operational evaluation in the Falcon Peak series and the first held at Yuma Proving Ground, intended to demonstrate new technologies, expand focus on low-collateral counter unmanned aircraft systems defeat capability, and provide immediate feedback to accelerate development across the Department of War. The Department stated that this iteration addresses counter unmanned aircraft systems challenges specific to the Southern Border, and asked participating companies to bring capabilities spanning sensing systems, detection and tracking, artificial intelligence, command and control, semi-autonomous systems, airborne platforms, and low collateral defeat technologies.
“This is the kind of event where technology either works in front of operators or it does not,” said Brett Velicovich, Co-Founder of Powerus. “We want our systems in that environment, and we want the feedback.”
Participation in Falcon Peak 26.2 is not a contract award and does not constitute an endorsement of Powerus or its products by the Department of War,
The Department of War announcement is available at https://www.dvidshub.net/news/574682/department-war-announces-industry-participants-falcon-peak-262
The foregoing hyperlink link to a third-party website is provided solely for informational purposes. The linked content was prepared and is maintained by an independent third party and is not part of this press release or any related filing with the
About Powerus
Powerus (Autonomous Power Corporation) builds and scales unified autonomous systems designed to move, protect, and sustain critical assets in high-risk environments, with capabilities spanning heavy-lift platforms, autonomous air systems, autonomous maritime systems, mission systems, training and support, and U.S.-based manufacturing. Powerus previously announced a proposed merger with AGH (Nasdaq: PUSA); the merger has not closed and remains subject to the satisfaction of customary closing conditions and applicable regulatory approvals. Learn more at power.us.
Proposed Merger
Powerus has previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). Under the terms of the previously announced agreement, Powerus will merge with and into a newly formed subsidiary of AGH, with Powerus continuing as the surviving entity and AGH adopting the name “Powerus Corporation.” AGH has changed its Nasdaq ticker to PUSA in anticipation of its pending combination with Powerus, expected to close in the fourth quarter of 2026, subject to customary closing conditions and receipt of required regulatory approvals. There can be no assurance that the proposed transactions will be consummated or as to the timing of any such consummation.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As to the Falcon Peak 26.2 event, these statements include but are not limited to statements regarding the Company's participation in Falcon Peak 26.2 and the potential value of that participation. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “targets,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “potential,” or “continue” or negatives of such terms or other comparable terminology. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.
As to the proposed business combination between Powerus and AGH, these statements include, without limitation, statements regarding the proposed merger between Powerus and AGH; the anticipated benefits of the merger; the expected timing of the completion of the merger; the anticipated listing and trading of the combined company’s securities; future financial and operating results; the plans, objectives, expectations and intentions of either company or of the combined company following the merger; anticipated future results of either company or of the combined company following the merger; and the anticipated benefits and strategic and financial rationale of the merger and other statements that are not historical facts and its expected timing.
All forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any results expressed or implied by such forward-looking statements. As to the Falcon Peak 26.2 event described in this release, such factors include, without limitation: (1) that participation is an experiment and not a procurement, and may not result in any contract, order, revenue, or further evaluation; (2) that Powerus’s systems may not perform as expected in the experiment environment; (3) that the Department of War may not proceed with, fund, or field any capability evaluated at the event; (4) that government priorities, funding, or program direction may change; (5) that other participants may be selected for any resulting requirement; and (6) that no assurance can be given that participation will produce any commercial benefit.
As to the announced merger agreement, such factors include, among others: (1) the risk of delays in consummating the potential transaction, including as a result of required regulatory approvals, including Nasdaq listing requirements which may not be obtained on the expected timeline, or at all; (2) the risk of any event, change or other circumstance that could give rise to the termination of the merger agreement; (3) the possibility that any of the anticipated benefits and projected synergies of the potential transactions will not be realized or will not be realized within the expected time period; (4) the limited operational history of Powerus as a combined organization and integration risks of acquired businesses; (5) diversion of management’s attention or disruption to the parties’ businesses as a result of the announcement and pendency of the transaction, including potential distraction of management from current plans and operations of AGH or Powerus and the ability of AGH or Powerus to retain and hire key personnel; (6) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the transaction; (7) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (8) the outcome of any legal or regulatory proceedings that may be instituted against AGH or Powerus related to the merger agreement or the transaction; (9) the risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction; (10) legislative, regulatory, political, market, economic and other conditions, developments and uncertainties affecting AGH’s or Powerus’s businesses; (11) the evolving legal, regulatory, tax, and international trade regimes; (12) the nature, cost and outcome of potential litigation and other legal proceedings, including any such proceedings related to the transactions; (13) restrictions during the pendency of the proposed transaction that may impact AGH’s or Powerus’s ability to pursue certain business opportunities or strategic transactions; and (14) unpredictability and severity of catastrophic events, including, but not limited to, extreme weather, natural disasters, acts of terrorism or outbreak of war or hostilities, as well as AGH’s and Powerus’s response to any of the aforementioned factors.
In connection with the proposed merger, AGH has filed relevant materials with the SEC, including a registration statement on Form S-4, which includes an information statement prospectus, and may file additional materials in the future. Investors and security holders are urged to read those materials because they contain important information. Forward-looking statements speak only as of the date of this release, and except as required by law, neither company undertakes any obligation to update them. This release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
No Offer or Solicitation
This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Important Information and Where to Find It
In connection with the transaction, AGH has filed a registration statement on Form S-4 with the SEC, which includes an information statement and prospectus of AGH, and has mailed a definitive information statement and prospectus to its stockholders. Investors and security holders are urged to read the registration statement (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the registration statement) because such documents contain important information regarding the proposed transaction and related matters. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by AGH through the website maintained by the SEC at http://www.sec.gov or at AGH’s website at https://www.aureusgreenway.com/secfilings.
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AGH Investor Relations
Jason Assad
678-570-6791
Powerus Press Contact
Escalate PR
pr@power.us
Source: Powerus