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09 Apr 26. NUBURU, Inc. (NYSE American: BURU – the “Company”), a dual-use Defense & Security platform company focused on non-kinetic effects, directed-energy technologies, electronic warfare and software-orchestrated defense systems, today announced a further acceleration of its joint venture with Maddox Defense Incorporated (“Maddox Defense”), with the program now advancing into the production phase of its first Mobile Additive Manufacturing Container (MAMC) platform, designed for the production of drones, mission-critical pods, and related defense components.
This milestone marks the transition from infrastructure activation and system integration into a funded prototype build phase, with secured initial capital and structured funding supporting progression toward prototype completion and near-term deployment readiness.
The update builds on the Company’s previously announced Phase I activation and ongoing U.S. execution activities in Houston, Texas.
Funded Execution Phase Advancing Toward Prototype Completion
The Maddox JV program has received initial capital to support execution and has progressed into the next operational phase, including procurement, system integration, and container buildout activities.
The program is funded for the current execution phase, with secured initial capital and structured funding supporting progression toward prototype completion, enabling:
- Assembly and validation of additive manufacturing systems;
- Integration of power, environmental, and digital production infrastructure;
- Completion of the containerized manufacturing unit;
- End-to-end operational testing and deployment readiness.
The platform is engineered to support modular production of unmanned aerial systems (UAS), payload pods, and mission-critical components, enabling flexible deployment across multiple defense and security use cases.
The program continues to target an approximately 6–9 month deployment timeline, positioning the Company for near-term demonstration and engagement with U.S. defense stakeholders.
Positioned for U.S. Government Engagement and Initial Commitments
Upon completion, the MAMC prototype is intended to be deployed for demonstration and evaluation by U.S. government agencies and allied partners, supporting procurement pathways across multiple defense applications, including:
- Counter-UAS (C-UAS) systems;
- Electronic warfare and spectrum operations;
- Tactical unmanned systems and field-deployable manufacturing.
The Company believes that successful prototype deployment will support initial commitment discussions and potential early-stage orders, accelerating the transition from development to commercialization.
Exposure to a Large and Expanding U.S. Defense Opportunity
Based on publicly available market data, industry research, and recent U.S. defense budget allocations, the Company believes that the addressable opportunity reflects the convergence of multiple high-growth segments, including counter-UAS systems, electronic warfare, tactical unmanned platforms, and deployable manufacturing capabilities.
Within this framework:
- The Total Addressable Market (TAM) is estimated at $20B+, reflecting the broader U.S. market for counter-drone, electronic warfare, and adjacent defense systems supported by increasing federal defense spending priorities;
- The Serviceable Available Market (SAM) is estimated at $8B–$10B, representing segments directly aligned with deployable C-UAS systems, EW solutions, and modular, field-deployable manufacturing platforms;
- The Serviceable Obtainable Market (SOM) is estimated at $50M–$150M in the near-to-medium term, based on currently identified pipeline opportunities, target program categories, and initial U.S. market entry focus.
This market expansion is driven by structural defense priorities, including the proliferation of low-cost UAV threats, increased emphasis on spectrum dominance and electronic warfare, and a strategic shift toward distributed, resilient, and domestically anchored manufacturing capabilities.
Integrated Platform Advantage
Through the Maddox JV, Nuburu Defense LLC is advancing an integrated approach combining:
- Directed-energy systems (Lyocon S.r.l.);
- Electronic warfare capabilities (Tekne S.p.A.)
- Mobile, distributed manufacturing (MAMC platform)
This positioning enables the Company to address both immediate operational defense needs and long-term structural priorities in defense manufacturing and deployment.
Management Commentary
Dario Barisoni, Co-CEO of NUBURU and CEO of Nuburu Defense LLC, stated:
“We are now moving decisively into the production phase. With initial funding secured and execution underway, our focus is on delivering a working prototype that can be demonstrated directly to U.S. government stakeholders in the near term and support initial procurement discussions.”
Elgin Tracy, Maddox Defense, added:
“We are fully committed to executing this program and delivering on the mission. With initial capital secured and procurement activities underway, we are progressing toward a deployable solution aligned with U.S. defense demand. Our objective is to position the platform for successful demonstration and engagement with government and allied stakeholders upon completion.”
Anthony Sinnott, Vice President U.S., Nuburu Defense LLC, commented:
“This program reflects a disciplined, execution-driven approach to entering the U.S. defense market. The structure of the program—combining secured initial capital with milestone-based funding—supports efficient execution while maintaining flexibility as we move toward prototype completion and government engagement. Our focus is on translating this progress into tangible demonstration opportunities and scalable pipeline development across drone and mission-critical payload applications.”
Positioning for Scalable U.S. Defense Growth
The Company believes that the transition into prototype production and near-term demonstration:
- Strengthens visibility toward initial contract awards;
- Enhances credibility within U.S. defense procurement ecosystems;
- Supports the development of a scalable, U.S.-based industrial and defense platform.
This milestone represents a key step in NUBURU’s strategy to establish a long-term, execution-led presence in the U.S. defense and security market. (Source: BUSINESS WIRE)
08 Apr 26. NUBURU, Inc. (NYSE American: BURU – the “Company”) is a dual-use Defense and Security integrated platform company focused on non-kinetic effects, directed-energy technologies, electronic warfare and AI-driven operational resilience orchestrated software, serving both defense and mission-critical infrastructure across regulated sectors.
NUBURU provides a corporate update to highlight that the Company is actively and successfully executing on and monetizing its business and growth strategy, which includes:
- initial revenue traction, supported by early billings, secured orders and commercial deployment; and
- increasing visibility on revenue growth and scaling from expanding and converting our attractive commercial pipeline into contracted revenue across multiple core business verticals within our integrated Defense and Security Platform.
Management remains confident that this reflects a transition to repeatable commercial deployment and scalable revenue generation throughout 2026 and over the longer term and to create significant value for our shareholders and wider stakeholders.
The following commercial metrics and operational updates are provided as of March 31, 2026, unless otherwise indicated.
Building Execution Momentum Across Our Core Operating Verticals
NUBURU is actively and successfully executing and delivering on its business and growth strategy, with measurable commercial activities across directed-energy systems, defense programs, software platforms, and U.S.-based manufacturing.
Directed-Energy (Lyocon S.r.l.)
Within our directed-energy business vertical, the Company has generated approximately US$280,000 in billings, alongside approximately US$500,000 in executed orders, including an initial deployment order for its portable directed-energy laser dazzler system for counter-drone (“C-UAV”) defense applications of approximately US$250,000 secured with a Tier-1 government-owned defense electronics organization operating within a major Asia-Pacific defense market (the “Tier-1 Defense Company”), as announced by NUBURU on 31 March 2026.
The Company is actively advancing follow-on opportunities estimated between US$575,000 and US$800,000 with the same Tier-1 Defense Company, while continuing to expand its broader pipeline across defense and dual-use applications. Lyocon’s overall pipeline is currently estimated at approximately US$2.5 million, including the dazzler-related opportunities referenced above, reflecting increasing commercial traction.
These developments reflect a transition to initial commercial deployment, with a clear pathway toward revenue generation, repeatability, program expansion, and revenue scaling.
Defense Programs (Tekne S.p.A. Network Contract)
Through its participation in the Tekne S.p.A. (“Tekne”) network contract framework, NUBURU has generated approximately US$300,000 in billings, primarily through management and service-related activities.
The Company is also participating in an active defense program in Ukraine in partnership with Engineering Bureau “BERYL” LLC, where Phase 1 (0–12 months) has been activated within a revenue range projected at between US$5.75 million to US$11.5 million, centered on the deployment of the GRAELION platform configured for military applications. NUBURU participates in the program through a structured economic and governance framework that includes pricing and margin participation, capital coordination, and potential integration of higher-margin non-kinetic and software subsystems.
As a key strategic catalyst, NUBURU has signed a binding agreement to acquire a controlling 70% interest in Tekne, with submission for authorization under the Italian Golden Power regulatory framework expected by the end of April 2026. Tekne is targeting approximately US$57.5 million in revenue in 2026.
This structure provides immediate program-level participation with a defined path toward consolidation and scaled revenue contribution.
Tekne materially reduces NUBURU’s time to scale operationally and financially, which is expected to:
- Accelerate NUBURU’s positioning in EW and advanced defense systems;
- Provide direct access to defense markets and programs;
- Transition NUBURU toward a global operating profile in the defense sector.
Operational Resilience Software (Orbit S.r.l.)
Within its software business vertical, Orbit S.r.l. (“Orbit”) has generated approximately US$80,000 in billings year-to-date, reflecting the typical seasonality of large enterprise and regulated-sector customers, where budget approvals and procurement cycles are concentrated in the second and third quarters. Consistent with this dynamic, Orbit is advancing approximately US$3.9 million in pipeline opportunities across enterprise and mission-critical environments, including approximately US$790,000 linked to active requests for proposal.
NUBURU currently holds approximately 22.7% equity interest in Orbit, with governance rights supporting operational alignment. Following recent shareholder approval authorizing share issuance, the Company expects to complete the acquisition of 100% of Orbit by this year-end.
This business vertical represents a high-margin, recurring revenue component with strong visibility and strategic integration across defense and critical infrastructure use cases.
U.S. Manufacturing (Maddox Defense Incorporated Joint-Venture)
NUBURU’s U.S. manufacturing initiative, through its joint venture with Maddox Defense Incorporated, has entered Phase I operations in Houston, Texas, with infrastructure deployed and execution underway.
The Company is developing an early-stage commercial pipeline aligned with defense demand, while establishing a U.S.-based production capability designed to support domestic defense supply chains and mission-critical manufacturing requirements.
Integrated Platform Driving Multi-Engine Growth
NUBURU is now operating across multiple revenue-generating engines, including directed-energy systems, electronic warfare and defense mobility programs, operational resilience AI-driven software-as-a-service solutions, and advanced manufacturing infrastructure.
Across its core operating verticals, NUBURU is building a combined commercial pipeline exceeding approximately US$6 million, supported by early billings and executed orders, providing increasing visibility on revenue conversion and scaling.
Billings and Commercial Metrics Disclosure
The Company is providing selected commercial metrics, including billings, orders, and pipeline, as indicators of business activity and commercial traction. Billings represent a proxy for cash collections and commercial momentum; however, they are not a substitute for revenue recognition under U.S. GAAP, which may differ in timing and amount.
Management Commentary
Alessandro Zamboni, Executive Chairman and Co-CEO of Nuburu Inc., stated:
“We are now firmly in execution mode, with initial billings, secured orders and a growing pipeline across all business lines. The Company has materially strengthened its operational and financial positioning and is focused on scaling revenue, improving capital efficiency, and advancing toward an equity positive balance sheet in Q2 2026.
“We remain confident that NUBURU is well positioned to continue to deliver successfully on its business and growth strategy to further strengthen the business, to advance revenue generation, growth and scalability throughout 2026 and over the longer term, and to create significant value for our shareholders and wider stakeholders.
“We expect to provide the market with additional updates regarding positive strategic initiatives and operational and financial developments in the weeks and months ahead.”
Dario Barisoni, Co-CEO of Nuburu Inc. and CEO of Nuburu Defense LLC, added:
“Our integrated business model and growth strategy across directed-energy, electronic warfare and defense mobility, software and advanced manufacturing establishes NUBURU as the scalable, next-generation defense and security platform aligned with structurally evolving global demand and mission-critical requirements.”
Outlook
NUBURU expects to continue converting and expanding its attractive commercial pipeline into contracted revenue, advancing the Tekne transaction (subject to regulatory approval), scaling Lyocon deployments, expanding Orbit recurring revenues, and progressing toward achieving positive shareholders’ equity in Q2 2026. (Source: BUSINESS WIRE)
07 Apr 26. Senior backs £1.3bn private equity buyout. Aconsortium between Blackstone and Tinicum looks to have won the battle for Senior (SNR) after the engineering group’s board recommended an offer of 300p per share.The all-cash bid, which values Senior at just shy of £1.28bn, is a 16 per cent premium to where its shares were trading before the company announced it was in talks with bidders in late February, having rejected previous approaches from Advent International.
However, Senior’s board said it was a 36 per cent premium to the volume-weighted average price the shares had traded at in the six months before bid talks were revealed. The offer also has the support of Senior’s biggest single shareholder, Spanish asset manager Alantra. In total, it has received support from just over a fifth of shareholders so far.
Including debt, the offer values Senior at an enterprise value (EV) of £1.4bn, or 15.2 times last year’s adjusted Ebitda – a level chair Ian King described as “attractive” for shareholders.
In a note published in mid-March, Peel Hunt analyst Andrew Humphrey said that take-out valuations for other companies in the sector had varied from an EV/Ebitda multiple of 9.5 times for Melrose’s (MRO) acquisition of GKN in 2018 and 21.6 times for Parker-Hannifin’s (US:PH) 2022 takeover of Meggitt.
Senior had also been in talks with private equity bidders Advent International and Arcline Investment Management, but the latter ruled itself out of the running last week.
The company announced in January that it had sold its aerostructures business to Sullivan Street Partners for £117m. (Source: Investors Chronicle)
07 Apr 26. Leverage Marketing Group recently acquired the business-to-business marketing firm The Simon Group of Sellersville, Pa. The acquisition expands the firm’s market reach and capabilities, specifically in the areas of digital and content marketing.
“We are very excited to integrate The Simon Group’s expertise into Leverage,” stated Leverage CEO and General Manager Tom Marks. “The complementary skill sets and industry expertise position Leverage to better serve our current clients, while exploring exciting new opportunities.”
The combined firm is positioned to be the bellwether for emerging market forces and innovative technologies for its clients. Providing a consultative, process-driven approach, Leverage fills the gaps in its clients’ internal capabilities by maximizing existing resources to deliver stronger, more cohesive marketing initiatives.
With a combined 80 years of providing sound marketing strategy, planning and execution, Leverage brings greater depth and strength to its clients across brand strategy, digital capabilities, content creation, and creative excellence.
“Leverage shares the same core values as The Simon Group, like a deep ambition to work hard for its clients as well as an inherent respect for people and relationships. This integrated group of likeminded marketers is a formidable team that is even more adept at conducting strategic marketing communications for our clients,” said The Simon Group’s Vice President, Content Marketing Beth Smith, who will continue in that role at Leverage.
Smith continued, “The modern agency relationship focuses on highly interactive engagement with our clients, so we take a holistic method to identify what’s working and what’s lacking. Then we can provide value in filling those needs and strengthening our clients’ overall marketing fabric.”
“The world is changing rapidly, and so are client needs,” Marks added. “This is not just an investment in our agency; it’s a continuing commitment to help our clients react to – and capitalize on – a changing business landscape.”
The effective date of the merger was March 2, 2026.
31 Mar 26. Rocket Lab Receives Final FDI Approval to Acquire Mynaric and Launch Rocket Lab Europe. The German Federal Ministry for Economic Affairs and Climate Action officially granted Foreign Direct Investment (FDI) approval on March 30, 2026, for Rocket Lab to complete its acquisition of Munich-based laser communications specialist Mynaric AG. This regulatory milestone clears the final hurdle for a deal valued at approximately 150 million dollars, with the formal closing scheduled for mid-April 2026.o
As previously reported here, Mynaric was in a squabble over the intervention by Rheinmetall and a “national solution” narrative that would portend to align with growing German regulatory resistance to foreign ownership of critical dual-use space technology.
The approval marks the beginning of a new chapter for the company, structurally establishing Rocket Lab Europe. By maintaining Mynaric’s headquarters in Munich and its existing workforce, Rocket Lab has successfully navigated European concerns regarding strategic autonomy and the retention of critical optical communication technology within the continent.
Vertical Integration and the SDA Constellation
A primary driver for this acquisition is Rocket Lab’s massive 515 million dollar prime contract with the U.S. Space Development Agency (SDA) to build and operate 18 satellites for the Tranche 2 Transport Layer. Mynaric’s Condor Mk3 optical terminals are the gold standard for the laser mesh networks required by these military constellations.
By bringing Mynaric in-house, Rocket Lab is mitigating significant supply chain risks. Previously, Mynaric had faced production bottlenecks and financial hurdles that threatened delivery timelines. Rocket Lab intends to implement its proven high-volume manufacturing processes to scale Mynaric’s output, ensuring that both U.S. defense contracts and burgeoning European commercial needs are met on schedule.
Positioning for IRIS2 and German Defense Contracts
The formation of Rocket Lab Europe is a calculated move to qualify as a “sovereign” entity for major European Union and European Space Agency (ESA) programs. Most notably, this includes the IRIS2 (Infrastructure for Resilience, Interconnectivity and Security by Satellite) constellation, which requires high levels of European industrial participation.
With the FDI approval, Rocket Lab is now positioned to compete for:
- The 6 billion euro IRIS2 sovereign multi-orbit constellation.
- Next-generation German military secure communication satellites.
- European LEO-PNT (Positioning, Navigation, and Timing) technology demonstrations.
Competitive Landscape and Local Support
The path to approval was cleared in mid-March 2026 after the German defense contractor Rheinmetall withdrew its competing bid for Mynaric. While there was initial political pressure to keep Mynaric under purely German ownership, Rocket Lab’s commitment to invest in the Munich facility and expand local R&D was seen as the most viable path to saving the struggling company and advancing the local space ecosystem.
Rocket Lab CEO Peter Beck noted that this acquisition is not just about technology, but about creating a global powerhouse that combines American speed with European engineering excellence. The company expects Rocket Lab Europe to eventually function as a semi-autonomous division capable of seeking its own direct co-investment from European sovereign wealth funds. (Source: Satnews)
02 Apr 26. Amazon in Reported Talks to Acquire Globalstar in $9bn Move to Challenge Starlink. Reports emerged on April 1 and 2, 2026, indicating that Amazon is in advanced negotiations to acquire satellite telecommunications provider Globalstar for approximately $9 billion.
This strategic move is seen as a major escalation in Amazon’s effort to close the gap with SpaceX’s Starlink, providing the company with immediate access to critical spectrum and a functioning orbital network.
The deal would integrate Globalstar’s assets into Amazon Leo (formerly known as Project Kuiper), which has faced pressure to meet aggressive FCC deployment deadlines. Following the news, Globalstar (GSAT) shares surged by more than 24%, reaching an 18-year high in early April trading.
The Apple Factor: A Complex Three-Way Negotiation
The most significant hurdle to the acquisition is Apple’s deep-seated relationship with Globalstar. In 2024, Apple invested $1.5 billion into the company for a 20% equity stake and secured a commitment for 85% of Globalstar’s network capacity to power iPhone features like Emergency SOS and Messages via satellite.
- Veto Power: As a 20% shareholder, Apple effectively holds veto power over major corporate changes, including a total sale of the company.
- Competitive Tension: Amazon and Apple are direct rivals in consumer hardware and cloud services. The prospect of Amazon owning the infrastructure that powers a signature iPhone safety feature is a significant point of friction.
- Ongoing Talks: Reports from the Financial Times suggest that Amazon is currently engaged in separate, parallel negotiations with Apple to either buy out their stake or ensure the continuity of iPhone services under Amazon ownership.
As Amazon negotiates this 9 billion dollar acquisition of Globalstar, a central technical challenge is how to integrate Globalstar’s L-band and S-band spectrum into the Amazon Leo network without interfering with Apple’s critical iPhone emergency services. As of April 2, 2026, the Federal Communications Commission (FCC) is reviewing several interference mitigation strategies that Amazon intends to employ to ensure “peaceful coexistence” between high-speed internet traffic and life-saving messaging.
Dynamic Frequency Separation and Guard Bands
Amazon’s primary strategy involves a software-defined “Dynamic Spectrum Management” system. This technology allows the Amazon Leo satellites to identify when an iPhone is attempting a satellite SOS connection and automatically shift its high-bandwidth data transmissions to a different portion of the frequency band.
By maintaining “guard bands”—narrow buffers of unused spectrum—between the Amazon data streams and the Globalstar emergency channels, the company can prevent signal leakage that would otherwise drown out the low-power transmissions from handheld devices. This is particularly vital for the iPhone 17’s enhanced “Real-Time Satellite Video” emergency feature, which requires a clean, jitter-free signal to reach emergency dispatchers.
Geofencing and Beam Steering
Because Amazon Leo satellites utilize advanced phased array antennas, they can perform highly precise “beam steering.” This allows the satellites to “null” or skip over specific geographic areas where high volumes of emergency satellite traffic are detected.
By beam steering Amazon’s satellites can focus their high-power internet beams away from known Globalstar ground stations and areas with active SOS pings. And with cooperative geofencing, under a proposed agreement with Apple, Amazon would receive anonymized, real-time telemetry regarding the location of active satellite-connected iPhones, allowing the Leo constellation to adjust its power levels in those specific 50-kilometer “cells.”
The “Sovereign Waveform” for Emergency Priority
Beyond physical frequency separation, Amazon is proposing the implementation of a “Sovereign Priority Waveform” within its network. This technical standard would grant Globalstar/Apple emergency packets absolute priority over all other traffic in the constellation.
If the network reaches a state of congestion, the onboard AI agents—which now manage the Amazon Leo mesh—will automatically throttle commercial video streaming or enterprise data to ensure that 100% of the required bandwidth is available for emergency SOS services. This “pre-emptive” architecture is designed to satisfy FCC requirements for Public Safety and Homeland Security.
Addressing the FCC Milestone Pressure
To undertake all this seeming gobbledygook, is the urgency of this spectrum sharing plan driven by Amazon’s looming FCC deadline. The company is currently required to launch half of its 3,232-satellite constellation by July 30, 2026. As of early April, Amazon has approximately 212 satellites in orbit, leaving it nearly 1,400 units short of the milestone.
By acquiring Globalstar and successfully implementing these interference mitigation techniques, Amazon can potentially leverage Globalstar’s existing, licensed orbital assets to satisfy regulatory requirements for “coverage” while its own launch cadence catches up. This strategy, often referred to in the industry as “trading capital for time,” remains subject to final approval from the FCC Space Bureau, which is currently weighing objections from SpaceX regarding the “spectral efficiency” of such a combined network.
Why Amazon Wants Globalstar
While Amazon’s own Leo constellation has approximately 180 satellites in orbit, it is dwarfed by Starlink’s 10,000+ units. Acquiring Globalstar provides three immediate strategic advantages:
- Spectrum Goldmine: Globalstar holds valuable, internationally-cleared L-band and S-band spectrum licenses. These frequencies are ideal for mobile satellite services and “Direct-to-Device” (D2D) connectivity, which would allow Amazon to offer satellite-to-phone services without specialized hardware.
- Operational Infrastructure: Globalstar brings a mature network of 20+ ground gateway stations and a proven operational team, bypassing years of regulatory and construction cycles.
- Commercial Urgency: Amazon recently signed major connectivity deals with Delta Air Lines and JetBlue. Globalstar’s existing capacity could serve as a stopgap or supplement to ensure these services launch on time in 2027 and 2028.
Market and Regulatory Outlook
Analysts suggest that an Amazon-Globalstar merger would signal an “industrial inflection point,” moving the LEO sector from technical verification to commercial consolidation. However, the deal is expected to face intense regulatory scrutiny from both the FCC and competition authorities due to the intersection of two “Big Tech” giants and the control of scarce spectrum resources.
Globalstar has officially declined to comment on the reports, citing a policy against addressing industry rumors. (Source: Satnews)
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Ultra-high precision, modularity and speed to defeat dynamic targets
OpenWorks is a provider of modular autonomous vision systems that deliver ultra-high performance real-time detection, identification and tracking of highly dynamic aerial threats at long range.
Our specialist capability lies in our dynamic positioners, EO/IR optical units, approach to sensor fusion and common interface that enables the integration of third-party detectors, classifiers, interceptors and effectors. Artificial intelligence modules work seamlessly with primary detectors and C2 to provide comprehensive detection, identification, tracking and slewing-to-cue against complex backgrounds and foregrounds.
OpenWorks is internationally and operationally proven across C-UAS and Air Defence.
Vision Pace
Designed to enhance dynamic multi-threat engagement, Vision Pace offers microradian precision targeting to kinetic defeat chains, marking a step-change for layered air defence. The development is intended to provide capability to expeditionary force protection, GBAD, SHORAD, M-SHORAD across land and naval domains.
Vision Flex
Vision Flex provides the highest performance surveillance, tracking and classification capability available, for use on static, mobile and un-crewed systems. Vision Flex cameras are highly configurable and can be used with built-in twin-AI modules of third Party classifiers and trackers.
Vision Flex is easy to integrate through standard interfaces and has a range of plug-and-play optical modules and upgrades to allow it to be configured easily to suit each mission or site.
Vision Guard
Vision Guard is a highly configurable, autonomous, portable and deployable platform that provides automated alerts with AI detection and classification.
It can be configured with combinations of active and/or passive sensors to suit the mission. Detections and alerts are streamed out to a handheld tablet or other systems via the standard interface, SAPIENT, Asterisk etc.
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