Tessera Defense enacts 1-for-10 reverse split
BiomX Inc., now Tessera Defense and Homeland Security Inc. (HLSQ), reports that it has effected a one-for-ten reverse stock split of its common stock and changed its corporate name.
Rhea-AI Filing Summary
BiomX Inc., now Tessera Defense and Homeland Security Inc. (HLSQ), reports that it has effected a one-for-ten reverse stock split of its common stock and changed its corporate name. The reverse split became effective on September 9, 2026, and the name change on September 11, 2026.
The common stock now trades on NYSE American on a split-adjusted basis under the symbol HLSQ with a new CUSIP, replacing PHGE. Management reports stockholders’ equity attributable to the company of $10.9 million and total equity of $17.6 million as of June 30, 2026, levels described as above NYSE American continued listing standards. Over the prior three months the company raised over $4 million through an at-the-market program at an average split-adjusted price of about $2.20 per share, and the reverse split reduced authorized shares from 750 million to 150 million.
The company highlights that its updated corporate presentation and CEO letter outline a strategy focused on an autonomous physical-security platform for homeland security and critical infrastructure, built around subsidiaries Zorronet and DFSL and a minority stake in Motomea. Forward-looking statements acknowledge risks including a history of losses, substantial doubt about its ability to continue as a going concern, and the challenge of regaining and maintaining compliance with NYSE American listing standards within the plan period ending September 25, 2027.
Positive
- Stockholders’ equity attributable to the Company was $10.9 million and total equity $17.6 million as of June 30, 2026, which the company states is above NYSE American continued listing standards.
- Over $4 million was raised in the last three months under an at-the-market program at an average split-adjusted price of approximately $2.20 per share, improving liquidity.
- A one-for-ten reverse stock split and name change to Tessera Defense and Homeland Security Inc. simplified the capital structure and aligned branding with a new homeland-security focused strategy.
Negative
- The company cites substantial doubt about its ability to continue as a going concern, reflecting ongoing losses, limited revenue and a need for additional capital.
- There is explicit risk around regaining and maintaining compliance with NYSE American continued listing standards within the plan period and a stated risk of potential delisting.
- Equity includes approximately $25.4 million of goodwill and intangible assets from April acquisitions, meaning a large portion of reported equity is non-tangible and potentially subject to impairment.
Filing Explained
The furnished presentation identifies 100% ownership of Zorronet and 60% ownership of DFSL, while the 10% Motomea interest remains subject to closing; an option for up to 78.9% is capacity, not completed ownership.
8-K Event Classification
Key Figures
Key Terms
reverse stock split financial
at-the-market (ATM) program financial
goodwill financial
intangible assets financial
going concern financial
NYSE American continued listing standards regulatory
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
As previously reported in the Current Report on Form 8-K filed by Tessera Defense and Homeland Security Inc., formerly BiomX Inc. (the “Company”), on September 9, 2026, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect a one-for-ten reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and a Certificate of Amendment to change the Company’s name from BiomX Inc. to Tessera Defense and Homeland Security Inc. The reverse stock split became effective at 12:01 a.m., Eastern Time, on September 9, 2026, and the name change became effective at 12:01 a.m., Eastern Time, on September 11, 2026.
The Common Stock began trading on the NYSE American on a split-adjusted basis on September 9, 2026 under the new CUSIP number 09090D 608, and began trading under the new name and the new symbol “HLSQ” at the market open on September 11, 2026. The Common Stock previously traded under the symbol “PHGE.” The name change does not affect the rights of the Company’s stockholders, and no action is required by stockholders in connection with it.
Item 7.01 Regulation FD Disclosure.
On September 15, 2026, the Company issued a press release containing a letter to stockholders from its Chief Executive Officer, and published an updated corporate presentation, each of which is available on the investor relations section of the Company’s website. Copies of the press release, including the letter to stockholders, and the presentation are furnished as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K. The Company intends to use the presentation, in whole or in part and possibly with modifications, in meetings with investors, analysts and others from time to time.
The information in this Item 7.01, including Exhibits 99.1 and 99.2, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. The furnishing of this information shall not be deemed an admission as to the materiality of any information in this Item 7.01 or the exhibits.
Forward-Looking Statements
The exhibits furnished herewith contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s strategy, its platform and capabilities, its target markets, the integration of its subsidiaries’ technologies, its compliance with NYSE American continued listing standards and its financial condition and liquidity. These statements are based on management’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including those described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as amended, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. The Company undertakes no obligation to update any forward-looking statement, except as required by law.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press release of Tessera Defense and Homeland Security Inc. dated September 15, 2026, including Letter to Stockholders. | |
| 99.2 | Corporate Presentation dated September 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TESSERA DEFENSE AND HOMELAND SECURITY INC. | ||
| Date: | September 15, 2026 | |
| By: | /s/ Michael Oster | |
| Name: | Michael Oster | |
| Title: | Chief Executive Officer | |
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Exhibit 99.1
Tessera Defense and Homeland Security CEO Issues Letter to Shareholders
Netanya, Israel - September 15, 2026 – Tessera Defense and Homeland Security Inc. (NYSE American: HLSQ) (“Tessera” or “the Company”) formerly BiomX Inc (NYSE American: PHGE), today released the following letter from its Chief Executive Officer to shareholders.
Dear Fellow Shareholders,
On September 11 our common stock began trading on the NYSE American under the symbol HLSQ, and our company name was changed to Tessera Defense and Homeland Security Inc. Trading continued without interruption, and no action was required on your part in connection with the name and symbol change. I want to take a moment to explain what this change represents, because a new name and ticker are the visible part of a much larger transformation.
Why now
Governments and organizations are under mounting pressure to protect the systems and sites upon which modern society depends. Recent attacks and suspected acts of sabotage affecting power infrastructure across Europe, incidents involving energy and transportation infrastructure in Germany, and the heightened protection of critical infrastructure across Poland and the Baltic states have placed physical security firmly on the international agenda.
At the same time, the tools available to security teams have not kept pace. Threats routinely cross the boundaries between physical, digital and operational domains, while the systems meant to stop them remain disconnected, each producing its own isolated alert and none producing a picture. That gap is the opportunity we have built the company to address.
What Tessera does
Tessera provides a unified security platform that connects cameras, sensors, detection technologies, artificial intelligence and other security systems into a single intelligent system, and offers solution design and advisory capabilities alongside it. The platform is designed to detect threats, interpret events as they unfold and coordinate response in real time. We are continuing to advance the technical integration of the technologies across our portfolio.
Our capabilities today include the AI-powered security intelligence technology of our subsidiary Zorronet and the LADAR-based detection systems of our subsidiary DFSL, together supporting an integrated approach to advanced sensing, real-time intelligence and autonomous response. We serve customers in homeland security and critical infrastructure and are targeting energy and digital infrastructure, as well as enterprise organizations that need advanced physical security capabilities. These are markets with long procurement cycles, high switching costs and customers who cannot afford to get it wrong, characteristics we believe reward the integrated approach we are building.
We have also published a new investor presentation that provides a more detailed look at Tessera, our platform, our portfolio of technologies, the markets we are targeting and the strategy behind the company we are building. The presentation is available here.
Where we stand
Our second quarter report on Form 10-Q, filed on August 19, was the first to reflect the businesses we acquired in April. Stockholders’ equity attributable to the Company was $10.9 million at June 30, 2026, with total equity of $17.6 million. That is above the continued listing standards of the NYSE American, and includes approximately $25.4 million of goodwill and intangible assets arising from the April acquisitions.
Over the last 3 months we raised over $4 million under our at-the-market (ATM) program at an average price of approximately $2.20 per share on a split-adjusted basis. We effected a one-for-ten reverse stock split on September 9, which adjusted every holder’s position proportionately and reduced our authorized shares from 750 million to 150 million.
The name
A tessera is a single tile that becomes part of a larger mosaic. Our new name reflects both how our platform works and how we are building this company: bringing together complementary technologies across detection, intelligence and response to create one integrated system. No single tile is the picture. The value is in how they fit together.
As threats grow more complex, the people responsible for national security and infrastructure protection need to understand what is happening and act faster and more accurately. Everything we build serves that objective.
The date
The name change took effect on the 25th anniversary of the September 11 attacks. We note the date in remembrance of all those who were lost, including the first responders who gave their lives working to save others.
To our shareholders
Many of you have been with this company through a significant strategic transition. I do not take that lightly. What I can tell you is that the rationale is straightforward: we are directing our resources toward markets where we believe demand is growing and where our technologies are differentiated, with the goal of enhancing shareholder value.
The work ahead is execution: integrating and commercializing our technologies, attracting customers and building the operating discipline our business requires. I look forward to reporting our progress, and I thank you for your continued confidence.
Sincerely,
Michael Oster Chief Executive Officer Tessera Defense and Homeland Security Inc. (NYSE American: HLSQ)
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Forward-Looking Statements
This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s strategy, platform, capabilities, target markets, the integration of its technologies, its compliance with NYSE American continued listing standards and its financial condition. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties, including risks related to the Company’s ability to execute its strategy, integrate and commercialize its technologies, achieve market acceptance, regain and maintain compliance with NYSE American continued listing standards, and raise additional capital, and those risks described in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025, as supplemented by the Form 10-K/A filed on April 30, 2026, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. Actual results may differ materially from those expressed or implied. The Company undertakes no obligation to update any forward-looking statement, except as required by law.
Investor Contact: Yair Ohayon, IR & Communication Manager, Yairo@thlsq.ai
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Exhibit 99.2
Tessera D e f e n s e a n d H o m e l a n d S e c u r i t y I n c Tessera Defense and Homeland Security Inc. Prevent Physical Threats Before They Disrupt Critical Operations Autonomous detection, decisioning, and response for high-consequence sites. September 2026
Tessera D e f e n s e a n d H o m e l a n d S e c u r i t y I n c Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about the Company's strategy and business model; the capabilities, performance and commercial prospects of the technologies held by its subsidiaries and investees; the extent to which those businesses will work together; market size and growth; the exercise of the Company's option to acquire additional interests in M.E.A. Testing Systems Ltd.; the Company's ability to identify, finance and complete further acquisitions; the Company's compliance with NYSE American continued listing standards; and the Company's financial condition and liquidity, are forward-looking statements. Words such as "expect," "intend," "plan," "believe," "anticipate," "estimate," "target," "may," "will" and "could" identify forward-looking statements. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including: the Company's history of losses, limited revenue and need for additional capital; substantial doubt about the Company's ability to continue as a going concern; the Company's ability to regain and maintain compliance with NYSE American continued listing standards within the plan period and the risk of delisting; the Company's limited operating history in the defense and homeland security sector; dependence on a small number of customers and pilots, including Israeli defense primes and government bodies; Israeli defense export control requirements and Israel Innovation Authority restrictions; conditions in Israel, including the security situation; risks relating to minority investments and to integrating acquired businesses; and the other risks described under "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and its subsequent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this presentation. The Company undertakes no obligation to update them except as required by law. Market and industry data are derived from third-party sources the Company believes to be reliable but has not independently verified, and involve assumptions and estimates that are subject to change. Product performance figures are based on the applicable subsidiary's specifications and testing and may not be achieved in every deployment. This presentation is furnished for informational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, any securities.
Tessera Defense and Homeland Security Inc, September 2026 A premier, AI-driven security platform that connects predictive intelligence, sensing, analysis, decisioning and response. TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 More to Protect. More to Process. Limited Human Capacity. Security systems are generating more information than human teams can efficiently monitor and act on 35% Percentage of security professionals reporting that 90% of access-control incidents were false alarms or minor incidents 1.29M Number of U.S. security guards, with only 1% employment growth projected through 2035 USA 1.1M People employed in EU security and investigation activities, with persistent labour shortages identified across 11 Member States 75% Percentage of security professionals reporting that 90% of access-control incidents were false alarms or minor incidents EU TESSERA | Autonomous Physical Security Platform 50%+ Percentage of physical-security operations already use AI or automation tools in some form
Tessera Defense and Homeland Security Inc, September 2026 From Risk to Response Predict Identify patterns and emerging risks. SENSE Capture activity across physical systems. ANALYZE Correlate data and understand what is happening. ACT Execute or coordinate pre-approved actions. DECIDE Prioritize threats and determine the right response. TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Security Is Moving Faster Than Ever Threats are harder to predict. Systems remain fragmented. Response windows are shrinking. Security must move from reactive monitoring to continuous anticipation and action. TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Tessera Platform Architecture Multi-sensor detection for predictive autonomous response INPUTS VISINT S.I / STARTEGIC PARTNER Acoustic DATA POOL Ingest Normalize Fuse Enrich Thermal Seismic SIGNIT OSINT External data feeds TESSERA | Autonomous Physical Security Platform Markets Served HLS Enterprise MoD/ Defense Software Hardware Consulting Advisory Consulting & Advisory Tessera Core Intelligence Engine P Prediction Anticipate likely events D Discovery Detect objects on any sensor C Understanding Classify what the object is R Reccomendations Propose the best course A Actions Execute the response > Enterprise 2 Enterprise 1 Enterprise 3 Response Alert Operation notifications Human Operation notifications Robotics Operation notifications
Tessera Defense and Homeland Security Inc, September 2026 A Security Platform, Adapted to Each Environment Software The Tessera homeland-security platform is the core product. Hardware Customers can add specialized sensing and response hardware where desired. Consulting Tessera experts can help in designing systems from the ground up, platform integration, and operating procedures. TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 100% ownership Zorronet - The AI Core Zorronet provides the Autonomous Operational Intelligence behind Tessera. It learns normal patterns, validates events across systems, understands context, decides what matters and coordinates action. TESSERA | Autonomous Physical Security Platform Learn & Validate Learns what's normal and what's malicious, checks events across sensors, AI models and historical data. Understand & Decide Uses location, behavior, time, identity and system status to understand events in context and apply policy rules. Act & Reassess Coordinates cameras, sensors, access systems, autonomous platforms and response procedures, adapting them as events change. Built for Existing Security Environments On-premise or air-gapped • Local processing • Multi-system integration • Human-in-the-loop to fully autonomous execution
Tessera Defense and Homeland Security Inc, September 2026 Proven Across Real-World Deployments TESSERA | Autonomous Physical Security Platform Tessera D e f e n s e a n d H o m e l a n d S e c u r i t y I n c
Tessera Defense and Homeland Security Inc, September 2026 60% ownership DFSL DFSL - The Detection Core A company with over 3 decades of experience, DFSL provides the advanced sensing and detection core behind the Tessera homeland- security platform. Its LADAR (Laser Radar)-based technology detects, tracks and classifies activity across wide areas, giving Tessera a clear physical picture to analyze and act on. TESSERA | Autonomous Physical Security Platform Detect & Track Identifies movement and follows targets across open areas and complex terrain. Classify Distinguishes people, vehicles, UAVs and other objects to improve situational awareness. Cover Wide Areas Extends detection across perimeters, borders, critical infrastructure and other high-consequence sites. Built for Demanding Security Environments LADAR-based sensing • Wide-area coverage • Automated tracking • Multi-target detection
Tessera Defense and Homeland Security Inc, September 2026 10% ownership* Motomea - The Validation Engine Motomea develops electric motor testing systems for drones and UAS platforms. Its technology helps measure, test and validate the performance of propulsion systems under controlled conditions. *10% ownership subject to closing with an option of up to 78.9% TESSERA | Autonomous Physical Security Platform Electric Motor Testing Provides structured data to evaluate how systems perform before deployment. Propulsion Validation Measures propulsion-system performance across defined operating conditions. Real-World Validation Helps validate sensing, intelligence and response capabilities under real conditions Platform Extension Expands Tessera beyond detection and intelligence with dedicated testing and validation capabilities
Tessera Defense and Homeland Security Inc, September 2026 TESSERA Four Layers. One Closed Loop Every layer works with the next — automatically. Sense Analyze Decide Act Multi-Sensor Ingestion Ingest data from existing and new perimeter, surveillance, and access systems. AI Threat Detection Correlate signals in real time. Filter noise. Detect credible threats. Classify & Prioritize Determine severity and intent. Select the right response workflow. Autonomous Response* Execute pre-approved containment, dispatch, and isolation workflows. Regulated Human Supervised Autonomy TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 What "Autonomous Response" Actually Does Pre-approved actions execute in real time — with operator supervision when needed. Alarm & Notification Prioritized incident view with contextual evidence for the operator. Camera Tracking PTZ cameras auto-follow the threat and lock on for verification. Deterrence Trigger lighting, audible warnings, or on-site deterrent measures. Access Control Override Restrict, lock, or reroute access points at the affected zone. Human / Robotics Automated notification and routing of the security response team. Subsystem Isolation Localized containment and approved isolation of critical modules. Every response workflow is customer-defined and pre-approved. Operator supervision available at every step. TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Priority Markets Three critical-infrastructure segments where delayed response equals real loss. 3 Government & Border 1 Digital Infrastructure 2 Industrial & Energy TARGET ENVIRONMENTS Data centers, telecom facilities, network hubs, Underwater Cables Ports, etc. PRIMARY SECURITY CHALLENGE Preventing disruption to always-on operations TARGET ENVIRONMENTS Industrial compounds, power and energy sites, remote facilities PRIMARY SECURITY CHALLENGE Protecting distributed assets with limited on-site staffing TARGET ENVIRONMENTS Border control, government facilities, sensitive public sites PRIMARY SECURITY CHALLENGE Detecting and containing threats across complex perimeters TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Executive Leadership Built for Growth and Execution Tessera's executive team combines public-company leadership, defense-sector experience, and commercial execution Roy Timor-Rousso Chief Business Officer Colonel (Res.) with a background in military leadership and commercial growth across sovereign AI, digital infrastructure, private networks, and mission-critical technologies. Mr. Timor- Rousso brings defense-sector experience and a strong understanding of how advanced technology is adopted in complex security environments. Michael Oster Chief Executive Officer Experienced executive with 25+ years in corporate finance, M&A, international transactions, and public company leadership. Mr. Oster advises boards, investors, and executives on strategic and capital-markets matters. He is also CEO and director of Saffron Tech Ltd. and a director at BladeRanger Ltd. (TLV: BLRN), with expertise in technology, infrastructure, and UAS applications. David Rokach Chief Financial Officer Finance and investment executive with experience in public companies, alternative investments, and portfolio management. Mr. Rokach is the founder and CEO of Tokara Management Ltd., serves as a Senior Investment Manager at H.M Capital Management, and previously served on the Board of T3 Defense Inc. TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Advisory & Technology Leadership Senior leaders across intelligence, defense technology, AI, and national security strengthen Tessera's platform and strategic direction Prof. Gabi Sarusi Advisory Board Defense tech executive and scientist with decades in electro-optics and sensing. Former VP and Chief Scientist at Elbit Elop, now Head of Electro-Optics and Photonics at Ben-Gurion University, with past board roles at IAI, SCD, Opgal, and Medigus. Idan Wasserman CEO, Zorronet Experienced engineer, entrepreneur, and security-tech executive in AI, systems integration, surveillance, and defense. Founder of Zorronet, Mr. Wasserman directs the AI intelligence and orchestration core for Tessera's platform, unifying sensing, analysis, decisioning, and response. Dr. Yaacov Frucht CEO & Founder, DFSL Defense tech entrepreneur and LADAR pioneer with 30+ years in sensing, detection, and tracking. Former senior research leader at Rafael, Dr. Frucht founded DFSL and led its LADAR technology development. His work provides Tessera with advanced detection, tracking, and classification capabilities across border, perimeter, critical-infrastructure, and counter-UAS applications. Dr. Ehud (Udi) Levi Advisory Board Senior intelligence advisor with 30+ years of experience. Former IDF Unit 8200 officer who led the Counter-Terror Finance Office in the Israeli Prime Minister's Office, countering terror financing networks on operations including Operation Cassandra. TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Enter. Prove. Scale. Target high-consequence homeland-security and critical-infrastructure environments. 01 Direct Engagement > 02 Systems Integrators Joint pursuit, deployment and services. > 03 Channel Partners Referral, resale and certified deployment. > 04 Scale Extend across sites, assets, and geographies. Strategic customers and defined pilots TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Tessera Sits at the Intersection of Major Security Categories Critical Infrastructure Protection ~$206B expected market by 2031 Perimeter Security Video Analytics Counter-UAS ~$141B expected market by 2031 ~$38B expected market by 2030 ~$29.7B expected market by 2031 * Click figures to view source material TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 How We're Making Tessera Stronger Future acquisitions are evaluated by whether a company's technology strengthens Tessera's ability to Anticipate, Sense, Analyze, Decide or Act PREDICTIVE INTELLIGENCE Technology that identifies patterns, emerging risks and potential threats before an event develops. NEW SENSING CAPABILITIES New ways to detect physical threats. BETTER INTELLIGENCE Stronger classification, validation and context. EXPANDED RESPONSE CAPABILITIES More ways to automate or coordinate action. TESSERA | Autonomous Physical Security Platform DEEPER INTEGRATION Technology that connects Tessera further into existing security systems. COMMERCIAL ACCELERATION Capabilities, customers or channels that expand adoption in priority markets.
Tessera Defense and Homeland Security Inc, September 2026 Where Tessera Is Today A snapshot of where we and our subsidiaries operate and what we have proven. Linked Powerful technologies working together Proven Autonomous response actions in production Live Paying customer deployments Active Field pilots and expansions CURRENT FOOTPRINT Primary base: Israel€ "€ Selected international deployments€ "€ U.S. expansion underway TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 A Simpler Capital Structure After the Split What we validate jointly with each customer during pilot. Over $4 Million Raised over the past 3 months at an average share price of approximately $2.2 HLSQ NYSE American ticker from September 11, 2026 $10.9M Stockholders' equity attributable to the Company at June 30, 2026 ($17.6M total), above the NYSE American standards and ahead of the compliance plan milestones Sept 25, 2027 End of the NYSE American compliance plan period; to date we have exceeded the compliance requirements well ahead of schedule TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Homeland Security as the Launch Point Tessera is focused first on the homeland-security market, creating a path into adjacent defense and enterprise applications. Markets Served HOMELAND SECURITY Primary market and go-to-market focus. DEFENSE Expand through shared needs, technology overlap and customer relationships. HLS MoD/Defense Enterprise ENTERPRISE Extend the platform into critical infrastructure and other high-consequence sites. SOFTWARE, HARDWARE, CONSULTING & ADVISORY Support solution design, integration and deployment. Software Hardware Consulting Advisory TESSERA | Autonomous Physical Security Platform
Tessera Defense and Homeland Security Inc, September 2026 Near Term Milestones EXPAND INTO THE U.S. & EU Build direct, integrator and channel routes into priority homeland-security and critical-infrastructure markets GROW DEPLOYMENTS Convert pilots, existing relationships and priority use cases into broader customer deployments Use product expansion, customer growth and partnerships to build a repeatable path to scale TESSERA | Autonomous Physical Security Platform EXPAND THE PRODUCT Strengthen Tessera through internal development and selective acquisitions
Tessera Defense and Homeland Security Inc, September 2026 Predict. Sense. Analyze. Decide. Act. Tessera Defense and Homeland Security Inc. One platform built for the full homeland-security cycle Contact: Info@thlsq.ai TESSERA | Autonomous Physical Security Platform