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VisionWave Brings AI-based Sensing Capabilities for the Defense and Security Sector by Acquiring a Controlling Interest in Foresight Autonomous

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WEST HOLLYWOOD, Calif., June 9, 2026 /CNW/ – VisionWave Holdings, Inc. (NASDAQ: VWAV) (“VisionWave” or the “Company”), an advanced sensing technology company developing AI-driven, RF-based sensing and computational acceleration technologies for defense and commercial uses, today announced it has executed a definitive agreement with respect to the proposed strategic acquisition of controlling interest in Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX). According to the Agreement, VisionWave will acquire up to 52% of Foresight’s outstanding shares in exchange for $17.5 million in VisionWave’s shares of common stock.

The definitive agreement with Foresight will add important sensing technology to the Company’s STRATUM™ SENSE suite of sensing technologies, and follows the Company’s latest acquisition of the xClibre™ AI video intelligence IP portfolio, which was independently valued at approximately $60 million by BDO Consulting Group as of the acquisition date for financial reporting purposes. This valuation is based on certain assumptions and methodologies and does not necessarily represent current fair market value, future realizable value, or the amount at which the assets could be sold or monetized.

Modern defense and security environments demand sensing systems that can detect, identify, classify, and act – quickly and across multiple domains simultaneously. With the definitive agreement now in place, VisionWave is positioned to deliver the architecture with enhanced performance.

RF Sensing Layer

VisionWave’s own RF-based AI detection, wide-area, all-weather threat awareness at range

Optical and Thermal Computer Vision Sensing Layer

Foresight’s camera-based stereo and thermal perception, proven across automotive and defense programs

AI Video Intelligence

xClibre™ behavioral analytics- turning existing camera infrastructure into continuously-learning AI agents

The convergence of these three layers, RF detection, multi-spectral computer vision, and AI-driven video analytics, produces a perception capability beyond what any single-modality company can deliver. RF tells you something is there. Foresight’s optics tell you where it is and how it’s moving. xClibre tells you what it’s doing and whether it is a threat.

Today, perception technology across defense and security is fragmented. RF specialists don’t build video AI. Video AI vendors don’t build RF. Autonomous systems integrators buy from multiple vendors and stitch together incompatible stacks. With this definitive agreement executed, it is VisionWave’s goal to eliminate this fragmentation and deliver a unified, superior multi-modal perception platform, for use with any UxV (Unmanned X Vehicle).

For demonstration purposes see – Foresight 3D Perception Stereoscopic Visible Light vs. Thermal video:

Merging visible light cameras and thermal LWIR cameras.

TRANSACTION SUMMARY

Under the agreement, VisionWave will acquire a controlling interest of up to 52% stake in Foresight through a two-stage share exchange: 46% of Foresight’s issued and outstanding ordinary shares upon Stage 1 Closing (expected within 45-60 days), with the right to an additional 6% upon achievement of a defined commercial milestone – the commencement of a binding pilot project integrating the Perception Platform in the commercial, defense, or security sector. In exchange, VisionWave will issue newly issued shares of its common stock with an aggregate value of approximately $17.5 million (calculated based on the five-day volume-weighted average price preceding each closing), plus up to $3 million in management equity grants. VisionWave will also gain significant board representation, with the right to designate two directors to Foresight’s Board upon Stage 1 Closing and one additional director upon Stage 2 Closing. The transaction remains subject to customary closing conditions, including regulatory approvals, Nasdaq listing requirements (if applicable), and any required shareholder approvals.

Both companies will continue to operate as independent, publicly traded entities. The transaction positions VisionWave to establish its core operating platform for RF-focused perception systems and related defense, security, and autonomous technology initiatives by integrating Foresight’s high-resolution visible light/infra-red and neuromorphic event-based sensor suite.

About VisionWave Holdings, Inc.

VisionWave Holdings, Inc. (Nasdaq: VWAV) is a defense and advanced sensing technology company developing AI-driven, RF-based sensing, autonomy, and computational acceleration technologies for defense, homeland security, and commercial infrastructure applications. VisionWave’s mission is to connect defense innovation with civilian progress through shared core technologies deployed across air, land, and fixed-site environments. The Company’s website is https://www.vwav.inc.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the execution and closing of the transaction with Foresight Autonomous Holdings Ltd., the expected benefits of the acquisition, integration of technologies into the STRATUM™ SENSE suite, achievement of commercial milestones, anticipated board representation, operational synergies, and the Company’s strategic initiatives in defense and security sensing. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements are generally identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” and similar expressions, or by statements that events or trends “may,” “will,” or “could” occur.

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including but not limited to, risks related to the completion of the transaction on the proposed terms or at all (including failure to obtain required approvals or satisfy closing conditions), integration challenges, dilution from equity issuance, market volatility affecting VWAV share price used for consideration, regulatory scrutiny of the acquisition, technological development risks, competition in the defense sector, and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included in this press release and in the Company’s SEC filings. VisionWave undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.

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SOURCE VisionWave Holdings, Inc

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Hang Feng Technology Innovation Co., Ltd. Announces First Half 2026 Financial Results

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HONG KONG, Sept. 8, 2026 /PRNewswire/ — Hang Feng Technology Innovation Co., Ltd. (“Hang Feng Technology Innovation” or the “Company”), a Nasdaq-listed company headquartered in Hong Kong, announced its financial results for the six months ended June 30, 2026 (the “Reporting Period”) as previously furnished to the U.S. Securities and Exchange Commission on a current report on Form 6-K on September 4, 2026. The Company continues to execute its long-term strategic transformation while maintaining a highly capitalized and resilient balance sheet.

Key Financial & Operational Highlights

Capital Resources & Balance Sheet: As of June 30, 2026, total assets were $8,215,946, including $6,606,369 in cash. Total shareholders’ equity remained at $8,015,004.Financial Performance: Total revenue for the Reporting Period was $362,511 (compared to $1,327,707 in the first half of 2025). The Company reported a net loss of $553,033 and a comprehensive loss of $593,754 (compared to net income of $363,524 and comprehensive income of $330,221 in the first half 2025). The net loss was primarily attributable to a sharp decline in revenue from the management consulting business. The decrease in corporate management consulting services revenue was primarily due to the Company’s shift in its strategic focus, which resulted in a reduction in business development and marketing activities for its existing operations and a reallocation of resources toward the development of its RWA initiatives. In response to these adjustments, the Company has been actively exploring new market opportunities to realign its operations with the evolving environment.Interest Income Cushion: The Company recorded $329,755 in loan interest revenue during the Reporting Period, delivering a source of cash flow as core operations undergo realignment.

Strategic Corporate Development & Operational Updates

Incorporation of Singapore Subsidiary: In May 2026, the Company incorporated a wholly‑owned subsidiary, HF Helios AI PTE Limited, in Singapore. The subsidiary was established to prepare for prospective cross‑border and tech‑driven business initiatives, and has not yet commenced operations.Capital Structure Reorganization: Following shareholder approval at the Extraordinary General Meeting on June 12, 2026, the Company completed a share capital re‑designation. The statutory capital structure was reorganized into 9,000,000,000 Class A Ordinary Shares and 1,000,000,000 Class B Ordinary Shares. As of June 30, 2026, 3,871,000 Class A Ordinary Shares and 4,000,000 Class B Ordinary Shares were issued and outstanding.Regulatory Licenses: Through its Hong Kong subsidiary, Hang Feng International Asset Management Limited (“HF IAM”), the Company held Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated licenses issued by the Securities and Futures Commission (“SFC”) as of June 30, 2026. Subsequent to the Reporting Period, on July 7, 2026, HF IAM was granted a Type 1 (Dealing in Securities) license. The Company continues to advance its license portfolio to support diversified financial offerings.

Executive Commentary

XU Zhiheng, Chief Executive Officer of Hang Feng Technology Innovation, stated:

“The first half of 2026 was a period of proactive strategic reassessment for Hang Feng Technology Innovation. As highlighted in our financial report, our financial results reflect the shift in our strategic focus, leading to a planned reduction in business development and marketing activities for our traditional consulting sector as we reallocate resources toward our long-term RWA initiatives. Backed by a sound balance sheet with over $8 million in total assets and available liquid reserves, we believe we are well‑positioned to navigate near‑term uncertainties while remaining focused on long‑term value creation for our shareholders.”

About Hang Feng Technology Innovation Co., Ltd.

Hang Feng Technology Innovation Co., Ltd. is a Hong Kong‑based company providing comprehensive corporate management consulting solutions alongside specialized asset management services tailored to diverse client needs. Since 2023, Hang Feng has been offering consulting services through Starchain Investment Trading Limited (“Starchain”), one of its wholly‑owned subsidiaries, to a growing network of clients. Starchain delivers tailored management consulting, including strategic growth insights, performance management reporting, key performance indicator (KPI) advisory, and support in regulatory compliance, risk management, and corporate governance practices. In 2024, Hang Feng launched asset management services through its wholly‑owned subsidiaries, introducing structured solutions designed to manage and grow both corporate and individual capital portfolios. For more information, please visit Hang Feng’s IR website: https://ir.hfintech.io.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify many (but not all) of these statements by the use of words such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue,” or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will prove correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect the Company’s future results in the Company’s registration statement and other filings with the SEC.

Media & Investor Relations Contact
Hang Feng Technology Innovation Co., Ltd.
Email: ir@hfintech.io
Website: ir.hfintech.io

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SOURCE Hang Feng Technology Innovation Co., Ltd.

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ECOVACS Defines the Future of Robotic Floor Cleaning with Third-Generation OZMO ROLLER Technology

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BERLIN, Sept. 8, 2026 /PRNewswire/ — At IFA 2026, ECOVACS is advancing the roller-mopping category it pioneered and helped define with the latest evolution of its proprietary OZMO ROLLER Instant Self-Washing Mopping Technology—OZMO ROLLER 3.0, featured in the new DEEBOT X12S OmniCyclone.

ECOVACS first introduced OZMO ROLLER with the DEEBOT X8 series in 2024, bringing the continuous clean-water circulation principle of floor washers into robotic vacuum cleaners. Since then, the technology has evolved through three generations—from the original OZMO ROLLER, to OZMO ROLLER 2.0 on DEEBOT X11, and now OZMO ROLLER 3.0 on DEEBOT X12S OmniCyclone.

The technology has also been adopted at scale. According to ECOVACS’ internal shipment data, more than 2.8 million OZMO ROLLER-equipped units had been shipped globally as of July 2026.

While others are entering the category, ECOVACS is already advancing its technology into its third generation—built on two years of product development, real-world use and global market experience.

The Roller Changes the Cleaning Experience

The fundamental advantage of a roller is simple, the cleaning surface is continuously refreshed while the robot cleans.

Unlike conventional mop pads, which can accumulate dirt as they make repeated passes across the floor, OZMO ROLLER continuously cleans itself during operation. Fresh water is delivered to the roller before it reaches the floor, while loosened dirt and wastewater are removed as the roller rotates.

This creates a fundamentally different cleaning process: rather than cleaning the mop only after the task is complete, OZMO ROLLER keeps refreshing the cleaning surface throughout the task. The result is more consistent contact with a cleaner mopping surface from start to finish, helping reduce the risk of dirt being redistributed across the floor.

In other words, the goal is not simply to make a robot mop harder—it is to rethink how the robot cleans in the first place.

From One Generation to the Next

ECOVACS’ development of OZMO ROLLER has been driven by a continuous focus on the challenges users encounter in real homes.

With OZMO ROLLER 2.0 on DEEBOT X11, ECOVACS further refined the water and mechanical systems behind its “wash as you mop” approach. Its proprietary spray–wash–scrape–collect process continuously supplies fresh water while removing loosened dirt and wastewater, helping maintain effective contact between the roller and the floor.

The system also evolved to address more demanding cleaning scenarios. A high-density nylon mop helps tackle tougher stains, while AI Stain Detection 2.0 adjusts cleaning strategies according to the type and severity of stains. TruEdge 3.0 helps the robot clean closer to walls and obstacles, reducing missed areas along edges and corners.

With OZMO ROLLER 3.0, ECOVACS takes the concept further. The longer roller is designed to improve cleaning efficiency, while the μm-level microfiber roller helps reduce residual water after cleaning. Each generation builds on the previous one with a clear objective: to deliver more effective cleaning while requiring less intervention from the user.

Technology Built to Keep Advancing

The evolution of OZMO ROLLER reflects more than a single product innovation. It is enabled by ECOVACS’ broader capabilities across robotics, sensing, algorithms, core components and intelligent manufacturing, allowing the company to develop the robotic system around the cleaning task as a whole.

ECOVACS has been granted more than 3,100 patents and invested more than RMB 5.2 billion in R&D since 2018. These capabilities support the company’s ability to translate insights from real-world use into successive generations of technology.

For ECOVACS, defining a category is only the starting point. The real measure of leadership is the ability to keep advancing it.

From the first OZMO ROLLER in 2024 to today’s third-generation OZMO ROLLER 3.0, ECOVACS has continued to refine the roller-mopping experience around a simple principle: a mop should not become dirtier as it cleans.

With OZMO ROLLER 3.0, ECOVACS is continuing to push the boundaries of robotic floor cleaning—bringing the benefits of a continuously refreshed cleaning surface to more homes and setting a higher standard for what roller-mopping technology can deliver.

About ECOVACS ROBOTICS:

Founded in 2006, ECOVACS ROBOTICS is a global leader in home service robotics with a diverse portfolio of products encompassing robotic vacuum cleaners and robotic window cleaners. With its expansion into robotic lawn mowers, commercial cleaning robots, robotic pool cleaners and robotic pet companions, ECOVACS solidified its position as a multi-category leader in home service robotics.

Guided by the vision “Robotics for All”, ECOVACS continues to advance technology and enhance the user experience to make life smarter and more stylish for consumers worldwide. With sales subsidiaries in Germany, the United States, Japan, and Singapore, ECOVACS products reach nearly 180 major markets and serve over 38 million households globally. 

A testament to this market leadership, ECOVACS ROBOTICS has ranked first in China’s robotic vacuum cleaner market by share for ten consecutive years (2015-2024).

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SOURCE ECOVACS ROBOTICS

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2 Teens Spotted an Opportunity in the E-Motorcycle Market. Their Solution Grossed $10K in Year One.

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At ages 15 and 16, Nico Bennetti and Kelton Fernandes spotted a problem in the booming e-motorcycle industry and built a solution that grossed $10,000 in year one. Now the duo has expanded their company, Endo Powersports, to 60+ quality parts while prioritizing fair pricing for their peer demographic.

SAN LUIS OBISPO, Calif., Sept. 8, 2026 /PRNewswire-PRWeb/ — Endo Powersports, founded by Nico Bennetti and Kelton Fernandes, generated more than $10,000 in its first year selling a custom hall sensor cover and has since expanded its catalog to more than 60 e-motorcycle parts.

“A lot of businesses look at teenagers as a market to exploit. We looked at it as a market we’re part of. That changes everything about how we make decisions.” — Nico Bennetti

Nico Bennetti and Kelton Fernandes were working on their e-motorcycles when they started spitballing ideas for a product to sell in the e-moto industry. They targeted the hall sensor cover, protective shields that guard motor sensors from water and debris on Surron and Talaria models, the two most popular e-motorcycle manufacturers in the US. The problem: these covers were made of flimsy cast aluminum that cracked easily and were just blank disks.

“Every Surron and Talaria e-bike had a hall sensor cover, but none were unique or interesting,” Bennetti, now 17, recalled. “We thought to ourselves: what if we could make that part better?”

Two years ago, at ages 15 and 16, Bennetti and Fernandes conducted R&D. They envisioned a high-quality aluminum cover that could be custom-engraved, improve protection, and reflect the rider’s personality. What began as a conversation became Endo Powersports.

The journey from concept to product exposed them to challenges most teenagers never face: material sourcing, manufacturing partnerships, and quality control. They settled on 6061-T6 aluminum, an aircraft-grade alloy that’s less likely to crack under impact, offers natural corrosion resistance, and transfers heat away from motor components more efficiently than cast aluminum.

Sourcing a manufacturer proved harder than expected. Bennetti and Fernandes spent weeks cold-emailing CNC manufacturers in China, most of which ignored them. Persistence paid off. They found a partner capable of producing to spec and secured local engraving capabilities to complete the product.

“We really liked the fact that we found a material that we could source and would bring a higher quality option to our customers,” Bennetti explained.

From there, Bennetti designed the initial Shopify website and created a TikTok presence to market the covers. In their first year, selling only the custom engraved hall sensor cover, they grossed over $10,000. That success validated the idea: genuine demand existed for quality customization in an underserved market.

Building on that success, Bennetti and Fernandes expanded significantly this past year. They now offer over 60 quality-sourced e-motorcycle parts, transforming from a single-product business into a legitimate parts supplier.

The timing is right. According to Intel Market Research, the global electric dirt bike market was valued at $3.8 billion in 2025 and is projected to grow from $4.6 billion in 2026 to $19.3 billion by 2034. North America remains one of the fastest-growing electric dirt bike markets.

But growth alone doesn’t explain their pricing approach. When they looked at their target market, teenagers shopping for quality parts, they made a deliberate choice.

“E-motorcycle parts were either cheaply made and overpriced or high quality but priced even higher,” Bennetti said. “We saw teenagers getting taken advantage of and thought it was unethical. Kelton and I found a way to source quality parts, keep profit margins minimal, and price them fairly. We built a company based on what we’d expect from a business ourselves.”

This philosophy extends to Bennetti’s secondary venture, NB Designs, a custom e-motorcycle build and resale business that sources stock motorcycles and performs full-custom builds with powder coating and bespoke design work.

The dual ventures reflect something larger. Bennetti and Fernandes view their market not as a demographic to exploit, but as a community they’re part of.

“A lot of businesses look at teenagers as a market to exploit,” Bennetti reflected. “We looked at it as a market we’re part of. That changes everything about how we make decisions.”

About Endo Powersports

Founded in August 2024, Endo Powersports is an e-commerce platform specializing in performance aftermarket parts for electric dirt motorcycles. The company sources quality components, maintains competitive pricing, and serves a national customer base of riders. Based in San Luis Obispo, California. Learn more at https://endopowersports.com/

About NB Designs

NB Designs is a custom e-motorcycle build and resale business founded in March 2025. The company sources electric motorcycles, executes full-custom builds including powder coating and bespoke designs, and sells high-end builds to riders and collectors. Based in San Luis Obispo, California. Website: https://nbdesignsco.com/

Media Contact

Maria Bennetti, Endo Powersports, 1 4153503969, mbennettiwrites@gmail.com, https://endopowersports.com/?srsltid=AfmBOorwNQGho81gU6zaHPgj9_XYXvot48NzJegN1g-y01SkY9Htlkvz

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SOURCE Endo Powersports

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