Swarmer signs MOU with Vectus Air Defense Systems for end-to-end mobile Air Defense Systems. * 3 hrs ago AUSTIN, Texas, Sept. 23, 2026 (GLOBE NEWSWIRE) - Swarmer, Inc ("Swarmer") (NASDAQ: SWMR), a drone autonomy platform company that has supported more than 100,000 real-world combat missions in Ukraine since April 2024, today announced it has signed a nonbinding memorandum of understanding with Vectus Air Defense Systems, a company in which Swarmer holds a 20% interest, to manufacture, sell and deploy end-to-end air defense systems in eligible markets, subject to applicable export-control, sanctions, procurement, and other governmental requirements. Swarmer intends to establish an air defense system manufacturing facility in Poland. Under the memorandum, Vectus has confirmed its intent to purchase and deploy at least 40 Swarmer-built systems in year one and 80 or more in year two following the start of production. "We intend to manufacture an end-to-end solution that includes radars, cameras, fire control and effectors to target a variety of threats, including newer jet-powered Shahed-type attack drones," said Alex Fink, Swarmer U.S. CEO and president. "The systems use combat-proven Gatling-type rotary cannons, capable of firing 20mm rounds at a rate of up to 6,000 rounds per minute, as the last line of defense." Fink estimates each system will retail at approximately $5 million to $6 million. Gun-based kinetic effectors are intended to significantly reduce the cost per kill compared with multimillion-dollar precision-guided missiles. Historically, drones are much cheaper than the missiles used to intercept them, whereas 20mm ammunition is relatively inexpensive and widely available. "In my experience, high-powered rotary cannons produce a wall of lead that few aerial threats can survive," said Erik Prince, who acts as both Vectus' CEO and Swarmer's board chairman. "I believe these systems will be in high demand because they are portable, affordable and designed to destroy targets on impact. High-speed enemy drones may outfly an interceptor, but they can't outfly thousands of 20mm rounds." Final quantities, pricing, financing, specifications, and delivery schedules remain subject to definitive agreements. About Swarmer Swarmer(TM)(Nasdaq: SWMR) is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer's primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer's technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer's routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia. For more information, visit www.swarmer.com. About Vectus Air Defense Systems Vectus Air Defense Systems provides Air Defense as a Service for sovereign governments and critical infrastructure operators. The company designs, integrates and continuously operates layered air-defense systems under multi-year service agreements, while monitoring evolving threats and upgrading deployed systems as technologies and tactics change. Its mission is to help ensure that critical infrastructure remains operational when disruption is not an option. For more information, visit: https://www.vectusairdefense.com. Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements that are not historical facts, including statements concerning the negotiation and execution of definitive agreements between Swarmer and Vectus; the proposed establishment, timing, financing and operation of manufacturing operations in Poland; the anticipated development, manufacturing, pricing, commercial availability, sales, purchase, deployment, delivery, capabilities and performance of the air defense systems; Vectus' intended purchases including anticipated quantities and timing; potential customer demand, cost savings and market opportunity; Swarmer's product roadmap, commercialization plans, customer adoption, growth strategy and defense technology strategy; and any other statements using words such as "anticipate," "believe," "can," "could," "designed," "estimate," "expect," "intend," "may," "plan," "potential," "seek," "should," "will," "would" or similar expressions. These forward-looking statements are based on current expectations, estimates, assumptions and beliefs and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include, among others: the risk that the nonbinding memorandum of understanding may be terminated or may not result in definitive agreements or binding purchase orders; the risk that Vectus may purchase fewer systems than currently contemplated or none at all; the risk that required financing, permits, regulatory approvals or governmental authorizations may not be obtained or may be subject to conditions; the risk that the proposed manufacturing operations in Poland may be delayed, reduced in scope or not established; the risk that final pricing, quantities, configurations, delivery schedules and other commercial terms may differ from current expectations; the risk that product development, testing, validation, commercial availability, production or deliveries may be delayed or unsuccessful; risks associated with sourcing and integrating radars, cameras, fire-control systems, effectors, ammunition and other third-party components; reliance on partners, suppliers, customers and government stakeholders; technical, operational, cybersecurity, safety and field-performance risks; the risks related to government, defense and international procurement processes; risks related to operating in or supporting customers in active conflict zones, including Ukraine; geopolitical, sanctions, export-control, defense-trade-control and other regulatory risks; competition in the defense technology sector; and the risk that the transactions and relationships described in this press release may not produce the anticipated operational, commercial, technical or strategic benefits. Forward-looking statements speak only as of the date of this press release. Swarmer 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 applicable law. Additional risks and uncertainties are described in Swarmer's filings with the Securities and Exchange Commission, including under the caption "Risk Factors" in Swarmer's registration statement and other filings filed with or furnished to the SEC.

Swarmer's planned Ratel Robotics acquisition signals a new phase for Ukrainian defense tech. by Roman Cheplyk Thursday, September 10, 2026 A deal worth up to 224 million dollars would combine Ukrainian ground robots with AI coordination software and international capital American defense company Swarmer has agreed to acquire Ukrainian ground robotics producer Ratel Robotics in a deal that may reach 224 million dollars. If completed on the reported terms, it would become one of the largest known acquisitions in Ukraine's unmanned systems industry. The logic of the transaction is technological rather than simply financial. Ratel Robotics builds unmanned ground platforms, while Swarmer develops AI-based software for autonomous coordination of groups of unmanned systems. Together, the companies can connect hardware tested in wartime conditions with software designed for multi-platform control. Swarmer itself has Ukrainian roots. The company was founded in Ukraine in 2023, but is now headquartered in Austin, Texas. Its leadership and investor links place it closer to the US defense and venture market, while the acquisition would pull a Ukrainian manufacturing asset into that international scaling path. According to company claims cited in the source, Swarmer's software has been used in more than 100,000 combat missions since April 2024. That figure should be treated as a company-provided metric, not independent verification, but the direction is clear: autonomous coordination is becoming a central defense technology field. For Ukraine, the transaction is a signal that wartime engineering has created companies valuable to global defense players. Foreign buyers are not interested only in a single drone model; they are looking at software, production skills, tested designs and teams that understand real battlefield constraints. The acquisition also shows why Ukrainian firms seek foreign partners. Strong battlefield experience does not automatically provide global sales infrastructure, export compliance, serial manufacturing capacity or access to large defense customers. International capital can help solve those gaps, though it also raises questions about where future value and intellectual property will sit. Ground robots are likely to grow as a separate segment. They can carry supplies, evacuate wounded soldiers, place sensors, support engineering tasks and reduce human exposure in dangerous zones. Combining those platforms with swarm-style coordination software could make them more useful as part of larger robotic systems. For investors, the deal would mark a maturation point. Ukrainian defense tech is no longer only a fast wartime startup scene; it is becoming an asset class where acquisitions, cross-border holdings and industrial partnerships can define who scales the next generation of military robotics. Roman Cheplyk You will be interested No spam, good-time-invest promise

Swarmer, backed by Erik Prince, plans to acquire Ukrainian defense company Ratel Robotics for up to $224 million in a cash-and-stock deal. Ratel develops unmanned ground vehicles, whilst Swarmer provides AI software for coordinating drone swarms. The transaction reflects growing American interest in Ukraine's combat-tested drone technology. The country has built a large drone ecosystem during its conflict with Russia, but hundreds of firms now compete for military contracts. Swarmer reported second-quarter revenue of $216,413, up 56%, with gross margin more than doubling to $183,597. However, operating expenses surged to $7.5 million from $854,847, driven by investments in personnel, engineering and public-company costs. Net loss widened to $7.3 million from $1.6 million.