03/05/2026 | Press release | Distributed by Public on 03/05/2026 16:10
Item 1.01 Entry into a Material Definitive Agreement.
On March 3, 2026, Nuburu Defense, LLC ("Nuburu Defense"), a wholly-owned subsidiary of Nuburu, Inc. (the "Company"), entered into an International Cooperation Agreement ("Agreement") with Tekne S.p.A. ("Tekne") and Engineering Bureau Beryl LLC ("Beryl"), pursuant to which the parties will collaborate to support the deployment in Ukraine of a high-performance vehicle developed and manufactured by Tekne based on the Graelion platform, known as the "Tekne Graelion" (the "Product"). The Agreement provides a framework for the qualification, deployment, and coordinated industrial scaling of the Product in Ukraine. Tekne and Nuburu Defense are parties to a "Contratto di Rete" (the "Network Contract"), which is a specific form of joint-venture contractual agreement under Italian law, and this program is being entered into by Tekne and Nuburu Defense in connection with the Network Contract.
Beryl, a Ukrainian industrial company currently producing and supplying vehicles to Ukrainian military forces, is expected to verify compliance of the Product with the characteristics stated by the manufacturer, carry out mission-specific kit integration to bring the Product into conformity with the technical requirements of state customers in Ukraine, and demonstrate the Product to potential customers. Tekne will be the sole provider of the Product chassis and core technology required to operate the Product.
The Agreement provides a two-year exclusivity period during which (i) Beryl is prohibited from representing any product that competes with the Product, except for contracts entered into by Beryl prior to the effective date of the Agreement, and (ii) Tekne will not enter into negotiations with any other third party with respect to the deployment of the Product in Ukraine or development of the mission-specific kit integration of the Product. Under the Agreement, and as part of the Network Contract, Nuburu Defense and Tekne will establish a joint representative office in Kyiv to serve as the program's operational, industrial and compliance coordination center. Under the Agreement, Nuburu Defense may provide capital, advance payments, and procurement support, enabling Tekne to acquire materials and components for the Product. Nuburu Defense and Tekne will jointly assess and determine the economic feasibility of any transaction involving the Product, including pricing, margin structure and overall program profitability thresholds.