Dominari Congratulates Powerus on its Multimillion Dollar Contract for Aerial Drone System
Powerus has announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). The merger has not yet closed and is subject to customary closing conditions, including the effectiveness of a Form S-4 registration statement and applicable regulatory approvals.
Autonomous Power Corporation, operating as "Powerus," has revealed that its wholly owned subsidiary, Tandem Defense LLC, has been awarded a multimillion-dollar contract for its aerial unmanned aircraft systems. This contract, which also includes ancillary support equipment, operator training, and field service representative support, has a ceiling of up to $90 million and is expected to run through mid-2028. This award follows a multimillion-dollar distribution agreement announced in the previous month.
Powerus stated that revenue from the contract will depend on individual task orders over the contract's term. The $90 million figure represents the maximum potential value of the contract and is not a guaranteed amount. Additional information about Powerus and the contract is available on the company's website.
Dominari Securities LLC, a wholly owned subsidiary of Dominari Holdings Inc. (Nasdaq: DOMH), has acted as placement agent and underwriter in several capital raises for Autonomous Power Corporation. Kyle Wool, CEO of Dominari Securities, expressed congratulations to Powerus for the contract achievement and its recent agreements, including the filing of its Form S-4 with the SEC. He emphasized their commitment to supporting American companies in critical industries.
Dominari Holdings Inc. operates through various subsidiaries engaged in wealth management, investment banking, sales and trading, and asset management. The company seeks opportunities outside its current business to enhance shareholder value while also supporting the executive teams of its subsidiaries. Dominari Securities LLC offers services as a principal subsidiary, with its mission centered around creating wealth for stakeholders by capitalizing on emerging trends in financial services.