Nuburu Inc. (BURU) surged 10.99% in premarket trading following the announcement of a renewed strategic partnership with Tekne, a defense and security firm. The agreement, formalized via a €15 million financial commitment and a "Network Contract" under Italian law, strengthens Nuburu’s position in global defense innovation. Key terms include joint ventures for military drone development with Maddox Defense, exclusive distribution rights in the Americas, and shared resources for production and R&D. The partnership, facilitated by Nuburu Defense LLC, aims to expand market reach across NATO, MENA, and APAC regions while pursuing Italian government accreditation. The CEO highlighted the move as pivotal for accelerating growth in high-value defense and security markets, aligning with Nuburu’s strategic shift toward defense-tech and critical infrastructure resilience. The news underscores enhanced operational capabilities and long-term value creation, directly supporting the stock’s upward momentum.
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