VisionWave Holdings Receives $20 Million Purchase Order for 200 STRATUM VARAN Unmanned Ground Vehicles, Subject to Conditions

WEST HOLLYWOOD, Calif., Sept. 24, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (Nasdaq: VWAV) (“VisionWave” or the “Company”), a technology company focused on advanced defense and autonomous systems, today announced that it has countersigned and accepted a purchase order from Metal Machinery Components Trading FZCO, a trading company registered in Dubai, United Arab Emirates (the “Customer”), for 200 STRATUM VARAN heavy wheeled unmanned ground vehicles at an aggregate base purchase price of $20 million. The Customer is not the end user of the vehicles and has advised the Company that it may act in relation to more than one prospective end user, each of which must be disclosed to and approved by VisionWave. VisionWave’s obligations to commence production, incur procurement commitments or make any delivery are subject to conditions that have not been satisfied, as described below.

If and when certain conditions are satisfied or waived, deliveries are contemplated in three batches — 70 vehicles within 12 months, 70 vehicles in months 13 through 24 and 60 vehicles in months 25 through 36 — in each case measured from the date on which the last condition is satisfied or waived, and not from the date of the purchase order or of this release.