Nuburu announces joint venture with Maddox Defense for military drones; $10M capital commitment

Nuburu, Inc.

Nuburu Defense to contribute up to $10M and hold controlling interest in new JV Company.
Target annual revenue of ~$100M by 2028, cumulative $165M across 2026-2028.
JV to develop military drones for NATO and commercial UAVs, leveraging blue-laser and Orbit platform.
Definitive Joint Venture Agreement expected to be executed by December 15, 2025.
Agreement includes six-month exclusivity period; Maddox contributes assets, IP, and personnel.

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