The Company signed a non- binding letter of intent to acquire 70% stake in cutting-edge laser-based technology company, developing anti-drone solutionsTel Aviv, Israel, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, signed a non-binding letter of intent (“LOI”) with Sky Growth Partners Ltd. (“Sky Growth”), to invest in an innovative Digital Light Processing (DLP) laser-based system for counter-drone solutions, initially for the defense sector (the “Investment”).
According to MarketsandMarkets
1, the anti-drone market, which includes, laser, electronic and kinetic systems, for military, homeland security, and commercial platforms was valued at $1.2 billion in 2022 and is expected to reach $5.2 billion in 2028.
https://finance.yahoo.com/news/jeffs-brands-targets-anti-drones-131800640.html