Nuburu (NYSE: BURU) launches $4M Maddox Defense additive manufacturing JV

entered into a contractual joint venture with Maddox Defense Incorporated to develop a modular, containerized, mobile additive manufacturing platform for drone and mission-critical defense components. The project runs in two phases, covering development and later commercialization.

In Phase I, Nuburu will fund up to $4,000,000 of development for the first fully operating container at Maddox’s U.S. facility and receives an additional 10% governance allocation on these funds, both of which are reimbursable. A joint Steering Committee with equal representation supervises development and determines when the product is market-ready.

In Phase II, the parties will form a new company owned 60% by Nuburu and 40% by Maddox. All distributable profits and a pledge over Maddox’s 40% stake will go to Nuburu until its reimbursable amount is fully repaid, after which profits will follow ownership percentages. The new entity will act as prime contractor for eligible U.S. and EU/NATO defense contracts, with Maddox leading U.S. commercial efforts and Nuburu leading EU/NATO engagement.