NUBURU, Inc. (NYSE: BURU) presented its NUBURU Defense Italian plan, which outlines approximately US$336.3 million of cumulative projected gross revenue for the 2026–2029 period. The plan excludes U.S. go-to-market initiatives and supports a software-driven Defense & Security platform vision. NUBURU submitted the plan in the Golden Power process related to its planned acquisition of a controlling 70% ownership stake in Tekne S.p.A. ("Tekne"). The strategic initiative is expected to be supported by senior advisers Prof. Carlo Alberto Carnevale Maffè and Gen. Pietro Serino.

The NUBURU Defense Italian plan reflects the industrial, technology and governance framework included in the Golden Power notification package. NUBURU calculates the revenue metric based on company plan materials prepared for NYSE American compliance updates. The metric is presented before ownership, consolidation, customer-conversion, transaction-completion, Golden Power authorization, U.S. GAAP reconciliation and other accounting or operational adjustments. Actual results may differ materially from the projections.

Projected Revenue

The yearly figures for the NUBURU Defense Italian plan are approximately US$13.1 million in 2026, US$74.4 million in 2027, US$105.7 million in 2028 and US$143.1 million in 2029. The calculation is intended to isolate the Italian defense platform plan within the company plan materials and does not represent a separate audited reporting segment or a forecast of consolidated revenues.

Strategic Advisory Team

NUBURU believes the credibility of the Italian plan is supported by the combination of projected scale, Italian industrial footprint, software-driven platform logic and senior advisory depth. Gen. Pietro Serino, former Chief of Staff of the Italian Army and former Chief of Cabinet of the Italian Minister of Defense, is expected to support the Italian project in a strategic advisory capacity. Prof. Carlo Alberto Carnevale Maffè, Associate Professor of Practice at SDA Bocconi and Strategy Advisor to the NUBURU Group, is expected to support the project with focus on platform economics and industrial governance.

Industrial Roadmap and CapEx

The plan's roadmap is organized around six non-operational capability families, including counter-UAS and non-kinetic optical defense, EW/CEMA and tactical communications, and special vehicles. The plan is designed to preserve and expand Tekne's Italian industrial footprint across Poggiofiorito, Ortona and Guastalla. It contemplates approximately EUR15.5 million of CapEx over the 2026-2030 period, primarily linked to the Ortona industrial and technology footprint. The plan also targets approximately +372 net direct FTE in Italy by 2030 and an estimated 500-650 additional induced jobs in Abruzzo.

Transaction Update

NUBURU announced that NUBURU Defense has provided an additional EUR1.0 million to Tekne to support working capital and production continuity. This is in addition to the EUR1.0 million advance provided at the signing of the Share Purchase Agreement (SPA). The transaction is based on a fixed EUR52 million pre-money valuation of Tekne. The structure includes a capital increase and shareholder financing conversion, a EUR5.2 million share purchase from historical shareholders, and a revenue-based earn-out capped at EUR29.692 million. Upon completion, NUBURU is expected to hold 70% of Tekne.

NUBURU, through its Italian subsidiary Lyocon, will design blue-laser power-beam solutions for SunCubes' DEEP LIGHT underwater wireless power platform. The collaboration aims to integrate NUBURU's blue-laser technology into submarine environments, enabling contactless recharging and extended operations for autonomous underwater systems. This initiative targets a multi-billion-dollar addressable market across underwater autonomy, subsea power and maritime infrastructure.

SunCubes' DEEP LIGHT project has been recognized and supported by the Italian Navy through the Polo Nazionale della Dimensione Subacquea as a strategic initiative for national underwater technological capabilities. The platform is designed around an underwater energy distribution architecture using a high-power laser transmitter and a receiver integrated into autonomous underwater vehicles. It operates in the blue-green optical window, optimized for marine propagation, to enable contactless energy transfer over distances of several tens of meters.

Under the Head of Terms signed between NUBURU and SunCubes, Lyocon is expected to serve as the laser-source supplier and photonics integration platform. Its role includes blue-laser source design, supply, optical integration and system validation support. The partnership aims to develop next-generation high-performance subsea systems by combining NUBURU's blue-laser capabilities with SunCubes' beam-control and optical power platform.

The strategic value of the project lies in validating NUBURU's blue-laser technology in the demanding underwater domain, which requires high source quality, beam stability and thermal reliability. Independent estimates suggest significant market growth, with the autonomous underwater vehicle market projected to rise from $3.13 billion in 2025 to $4.64 billion by 2030. The underwater wireless communication market is estimated to grow from $2.3 billion in 2024 to $4.3 billion by 2030.

SunCubes' investor ecosystem includes venture capital special purpose vehicles affiliated with CDP Venture Capital SGR S.p.A., an asset manager owned by CDP Equity S.p.A. and Invitalia S.p.A. CDP is Italy's National Promotional Institution, majority-owned by the Italian Ministry of Economy and Finance. NUBURU believes this ecosystem aligns SunCubes with Italy's national innovation priorities in robotics, infrastructure and dual-use technologies.

Market Projections

Dario Barisoni, Co-CEO of NUBURU and CEO of Nuburu Defense, stated that the agreement provides a pathway to apply blue-laser technology to underwater domains where optical power and critical infrastructure protection are converging. Paola Zanzola, Executive Director of Lyocon, emphasized that the underwater solution requires blue-laser technology integrated into a demanding optical power architecture, which aligns with Lyocon's capabilities.

The Head of Terms remains subject to definitive documentation, Golden Power clearance, export-control clearance and other customary conditions. The parties intend to continue working toward long-form agreements governing the investment, industrial cooperation and commercialization framework.