News: Optoelectronics
30 December 2025
NUBURU provides year-end update regarding strategic milestones
NUBURU Inc of Centennial, CO, USA — which was founded in 2015 and developed and previously manufactured high-power industrial blue lasers — has given an update outlining multiple near-term strategic execution milestones expected to be achieved in January. These reflect continued progress across the firm’s previously announced defense platform expansion, financial strengthening initiatives, and transformation into an integrated Defense & Security Hub.
Tekne strategic partnership – network contract, equity transfer, and convertible shareholder loan
NUBURU confirms that Nuburu Defense LLC, Tekne S.p.A. and Tekne’s shareholders are targeting early January for the execution of key agreements underpinning their previously announced strategic industrial collaboration, including the execution of a formal network contract (rete di imprese) governing joint industrial and commercial activities, and the transfer of a 2.9% equity interest in Tekne S.p.A. to Nuburu Defense, together with a €13m convertible shareholder loan.
As part of this framework, €1m has already been advanced by NUBURU as an initial disbursement under the €13m convertible shareholder loan, supporting the commencement of the first contractual activities contemplated under the network contract.
Strategic revenue framework and international defense expansion
Within the framework of the network contract, NUBURU and Tekne intend to jointly identify, map and pursue strategic international defense and security projects, including Tekne’s electronic warfare solutions and military special-purpose vehicles, targeting customers and partners in the USA, the United Arab Emirates (UAE), and NATO-aligned countries.
Revenues generated from such projects are expected to be shared on a contractual joint venture basis, independently of Nuburu Defense’s initial 2.9% equity interest in Tekne, and in accordance with the economic arrangements defined under the network contract. As previously disclosed, any increase in NUBURU’s equity participation in Tekne beyond 2.9% remains subject to Italian Golden Power authorization.
Orbit – planned increase to controlling stake and path to full acquisition
Following the initial investment completed in 2025, NUBURU plans to provide Orbit S.r.l. with a further capital injection in January to increase Nuburu Defense’s ownership interest above 20%. Upon reaching this threshold, Orbit’s bylaws will be amended and governance changes implemented to provide Nuburu Defense with effective control of Orbit’s board and operations.
NUBURU intends to make additional investments with the objective of acquiring 100% of Orbit’s equity. Pursuant to the underlying agreement, the acquisition of the remaining equity interests, following the investments already made and resulting in effective control through governance rights, will be completed through the issuance of preferred shares of NUBURU, subject to stockholder approval at a meeting to be held no later than 31 July.
This staged acquisition approach is expected to allow Nuburu Defense to begin consolidating Orbit’s revenues once control is obtained, subject to applicable consolidation and purchase accounting requirements, while aligning governance and shareholder rights with applicable accounting and corporate standards.
Lyocon – signing and closing of full ownership
The firm confirms that Nuburu Defense and the shareholders of Lyocon S.r.l. are planning the signing and closing of the previously announced Lyocon transaction in January, subject to customary conditions precedent.
Lyocon’s blue laser business is expected to be complementary to NUBURU’s original business at inception, while also supporting advanced defense, additive manufacturing, and industrial applications. Following closing, the full revenues generated by Lyocon are expected to be consolidated into NUBURU’s financial statements.
Maddox Defense joint venture – strategic scope and execution status
NUBURU also announced that Nuburu Defense continues to pursue the previously announced joint venture with Maddox Defense Inc, with signing targeted by the end of January. The timing reflects the parties’ ongoing efforts to assess and integrate potential strategic synergies with NUBURU’s broader Defense & Security platform, including possible collaboration with Tekne and other Italian industrial partners.
The proposed JV is intended to focus on dual-use UAV solutions and deployable additive-manufacturing capabilities, supporting forward-deployed production, sustainment, and defense manufacturing-as-a-service models for military and allied customers.
Financial strengthening and capital structure
NUBURU continues to execute its financial strengthening plan, aimed at supporting its transformation into a diversified defense and security technology platform while maintaining deep know-how in laser technology and its dual-use applications.
Recent financing initiatives, including structured debt instruments and equity-linked solutions, have improved liquidity, extended NUBURU’s operational runway, and provided dedicated capital to support acquisitions, strategic investments, and integration activities.
NUBURU remains focused on maintaining compliance with NYSE American listing standards while optimizing its capital structure to restore a positive equity position and support sustainable long-term growth.
Business model evolution and market opportunity
NUBURU’s evolving platform is expected to integrate laser-based hardware capabilities with mission-critical software and autonomous systems, addressing significant defense, security, and operational resilience markets.
Expanded offerings span electronic warfare, secure situational awareness, crisis management systems, and advanced robotics and UAV solutions.
“The beginning of 2026 is expected to represent a pivotal execution phase for NUBURU,” says NUBURU’s executive chairman Alessandro Zamboni. “With the formalization of the Tekne partnership, the planned acquisition of the Lyocon blue laser business, the achievement of control of Orbit, and the advancement of the Maddox Defense JV, we are translating strategic planning into operational reality,” he adds.
“Our focus is on building an integrated, execution-driven Defense & Security platform,” says Dario Barisoni, co-CEO of NUBURU and CEO of Nuburu Defense. “By combining blue laser capabilities with software, advanced manufacturing, and deployable defense solutions, we are positioning Nuburu Defense to address real operational needs of government and allied customers, while establishing scalable and recurring revenue models.”
NUBURU secures $25m financing to complete acquisitions
NUBURU agrees to acquire Italian laser specialist LYOCON
NUBURU executes first tranche of Tekne financial program
