Solar Drone, a Wholly Owned Subsidiary of VisionWave Holdings, Inc., Reports Executive Meetings in Italy and Ongoing Business Development Discussions in Select Middle Eastern Markets
Rhea-AI Summary
Solar Drone (NASDAQ: VWAV) reported executive meetings in Naples, Italy, and ongoing business development talks targeting Middle Eastern markets, including Egypt and the United Arab Emirates. The company showcased its patented high‑pressure drone payload during live demonstrations and is discussing potential pilot programs and partnerships with utilities and asset owners.
Positive
- None.
Negative
- None.
Market Reality Check
Peers on Argus
VWAV was down 2.38% while peers showed mixed moves: SPAI +0.9%, ISSC +1.22%, DPRO +3.08%, SPCE +4.65%, and POWW -4.0%. No broad, unified sector direction is evident.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 06 | VRU demo & stake | Positive | +9.9% | Successful Italy demo of SaverOne VRU platform and potential ~51% stake. |
| Feb 03 | Platform strategy | Positive | +3.4% | Highlighting dual-market autonomous systems and RF-based defense advances. |
| Feb 02 | AI chip tool POC | Positive | -6.4% | AstraDRC POC nearing completion for major AI microchip evaluation. |
| Jan 28 | IP contribution JV | Positive | +2.2% | Boca Jom IP transfer and RF teams assembled for VisionRF platform. |
| Jan 26 | Defense JV deal | Positive | +3.0% | Strategic exchange agreement with SaverOne for RF-based defense platform. |
Recent technology and partnership updates have often seen positive price alignment, with one notable negative divergence.
Over the past weeks, VisionWave has issued multiple technology and strategic updates. On Jan 26, it announced an RF-based defense platform with SaverOne, tied to $7.0 million in staged equity, followed by IP and RF platform progress on Jan 28. Early February saw AI design automation news and further RF/VRU demonstrations in Italy, with mixed but mostly positive price reactions. Today’s Solar Drone expansion update fits into this broader narrative of building commercial and defense-oriented platforms across geographies.
Market Pulse Summary
This announcement highlights Solar Drone’s ongoing commercial deployment in Italy and exploratory business development across Egypt and the UAE, emphasizing drone-based cleaning for utility-scale solar and high-voltage assets. It follows a series of recent VisionWave technology and partnership updates spanning RF defense, AI design tools, and joint ventures. Investors may monitor how these preliminary discussions translate into concrete pilot programs or contracts and how they integrate with VisionWave’s broader autonomous systems and sensing strategy.
AI-generated analysis. Not financial advice.
TEL AVIV, Israel, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Solar Drone, a wholly owned subsidiary of VisionWave Holdings, Inc. (NASDAQ: VWAV) and a provider of drone-based cleaning and maintenance solutions for solar power plants and high-voltage infrastructure, announced today that it is continuing business development discussions regarding possible opportunities in Middle Eastern markets, including Egypt and the United Arab Emirates, following a series of executive meetings held last week in Naples, Italy.
The meetings were led by Solar Drone’s CEO, CTO, and COO, who met with leading prospective customers and partners from Egypt and the Emirates. These discussions followed successful live demonstrations in Italy, where Solar Drone’s drone-based cleaning operations are already deployed in active commercial environments.
During the demonstrations, the company showcased its patented high-pressure drone payload system, which enables fast, safe, and water-efficient cleaning of solar panels and electrical insulators without ground access, line shutdowns, or hazardous manual labor. Solar Drone’s technology is currently operating across multiple sites in Italy and continues to expand as demand grows.
“The Middle East represents an area of interest for the Company due to the growth in utility-scale solar and energy infrastructure. The recent meetings allowed for preliminary discussions with prospective customers and partners regarding possible pilot programs and other opportunities,” said Shmulik Yannay of Solar Drone.
As utility-scale solar power expands, maintaining performance and grid reliability has become a priority for asset owners and utilities across the region.
Solar Drone’s aerial platform allows operators to maintain solar and high-voltage assets efficiently and safely, even in large or hard-to-reach installations. It is already in commercial use, delivering measurable results across multiple active sites.
Building on this momentum, Solar Drone is engaging with utilities, solar asset owners, and industrial partners to explore potential pilot programs, partnerships, and other initiatives in Egypt, the United Arab Emirates, and certain other markets.
About VisionWave Holdings, Inc.
VisionWave Holdings, Inc. (Nasdaq: VWAV) is a dual-market autonomous systems platform company developing AI-driven, RF-based sensing, autonomy, and computational acceleration technologies for defense, homeland security, and commercial infrastructure applications. VisionWave’s mission is to connect defense innovation with civilian progress through shared core technologies deployed across air, land, and sea.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding business development efforts, possible expansion of the Company’s footprint in certain international markets, and the anticipated benefits of relationships with regional stakeholders. Forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These factors include, but are not limited to, risks related to technology development and adoption, market demand and competition, regulatory changes, geopolitical developments in the Middle East and elsewhere, execution of business development initiatives (including the risk that discussions may not result in any agreements, pilots, or deployments), the Company’s limited operating history in certain commercial applications, dependence on key personnel, need for additional capital, and the risks identified in the section entitled “Risk Factors” in VisionWave Holdings, Inc.’s filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q (which include, among other risks, those related to early-stage operations, competition in the drone and autonomy sectors, intellectual property, and international expansion challenges). The forward-looking statements in this press release speak only as of the date hereof. Except as required by law, VisionWave Holdings, Inc. undertakes no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contacts:
VWAV - Investor Contact:
Website:
https://www.vwav.inc
FAQ
What did Solar Drone (VWAV) announce on February 10, 2026 about Italy and the Middle East?
How does Solar Drone’s patented cleaning system work and where is it deployed (VWAV)?
What markets is Solar Drone (VWAV) targeting for pilot programs and partnerships?
What benefits does Solar Drone (VWAV) claim its platform offers asset owners and utilities?
Are Solar Drone’s Middle East discussions binding or immediate contracts for VWAV?
