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https://twitter.com/i/web/status/2098642402789806358
 
Fatman17

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Powerus Receives Pakistan Ministry of Defence Order and Signs Strategic Memorandum of Understanding​


PRESS RELEASE GlobeNewswire
Sep. 18, 2026, 08:45 AM



  • Limited procurement order received from the Ministry of Defence of the Islamic Republic of Pakistan for unmanned aerial systems and associated support.
  • Order represents an expansion of Powerus’s international defense business.
  • Separate memorandum of understanding frames expanded cooperation in unmanned and autonomous systems, subject to definitive agreements and government approvals.
  • Powerus delegation received by the Chief of Army Staff at General Headquarters, Rawalpindi, per a statement issued by Inter-Services Public Relations.
  • Powerus has entered into a definitive merger agreement with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). The proposed merger remains subject to customary closing conditions.
ORLANDO, Fla. and WEST PALM BEACH, Fla., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Aureus Greenway Holdings Inc. (“AGH”) (Nasdaq: PUSA) and Autonomous Power Corporation, doing business as Powerus (“Powerus”), today jointly announced that it has received a limited procurement order from the Ministry of Defence of the Islamic Republic of Pakistan for unmanned aerial systems and associated support.
The order represents an expansion of Powerus’s international defense business. No other terms of the order have been disclosed.
Powerus has also signed a strategic memorandum of understanding with senior defense officials of the Islamic Republic of Pakistan. The memorandum establishes a framework for potential expanded cooperation in unmanned and autonomous defense technologies and provides a basis for the parties to explore additional areas of cooperation and potential future deployment of Powerus systems. The memorandum is not a definitive agreement, creates no purchase obligation, and does not obligate either party to proceed. Any program or procurement contemplated under the framework would be subject to definitive agreements and to all applicable United States laws and regulations and government approvals.
On September 16, 2026, a Powerus delegation led by Co-Founder Brett Velicovich was received by Field Marshal Syed Asim Munir, Chief of Army Staff and Chief of Defence Forces, at General Headquarters in Rawalpindi. In a statement issued by Inter-Services Public Relations, the media wing of the Pakistan Armed Forces, the meeting was described as covering matters of mutual interest, evolving trends in defence technology, and avenues for cooperation in defence procurement, production and capacity building. The statement said both sides expressed interest in further developing engagement in areas of mutual interest.
“This is an important milestone for Powerus as we expand our international defense footprint,” said Brett Velicovich, Co-Founder of Powerus. “We are proud to support Pakistan’s Ministry of Defence, and the memorandum gives both sides a strategic framework to build upon.”



“We are pleased to jointly announce this milestone with Powerus,” said Matthew Saker, Interim Chief Executive Officer of AGH. “The Ministry of Defence order and the strategic memorandum of understanding reflect the kind of international defense traction that we believe supports the strategic rationale for the pending combination.”
About POWERUS
Powerus (Autonomous Power Corporation) builds and scales unified autonomous systems designed to move, protect, and sustain critical assets in high-risk environments, with capabilities spanning heavy-lift platforms, autonomous air systems, autonomous maritime systems, mission systems, training and support, and U.S.-based manufacturing. Powerus previously announced a proposed merger with AGH (Nasdaq: PUSA); the merger has not closed and remains subject to the satisfaction of customary closing conditions and applicable regulatory approvals. Learn more at power.us.
ABOUT AUREUS GREENWAY HOLDINGS, INC.
Aureus Greenway Holdings Inc. (Nasdaq: PUSA) currently owns and operates golf course properties in Florida, including Kissimmee Bay Country Club and Remington Golf Club in the greater Orlando region. AGH has filed a registration statement on Form S-4 with the SEC, which includes an information statement and prospectus, in connection with its proposed business combination with Powerus. The registration statement was declared effective on August 12, 2026. Learn more at aureusgreenway.com.



Each of AGH and Powerus has provided the information herein relating to its own business, operations, financial condition, technology, products, certifications, contracts, and prospects. Neither party has independently verified the other party’s information, and each party disclaims any representation or warranty, express or implied, as to the accuracy, completeness, or reliability of the other party’s information.
PROPOSED MERGER
Powerus has previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). Under the terms of the previously announced agreement, Powerus will merge with and into a newly formed subsidiary of AGH, with Powerus continuing as the surviving entity and AGH adopting the name “Powerus Corporation.” AGH has changed its Nasdaq ticker to PUSA in anticipation of its pending combination with Powerus, expected to close in Q4 2026, subject to customary closing conditions, including the effectiveness of a registration statement on Form S-4 (declared effective August 12, 2026) and receipt of required regulatory approvals. There can be no assurance that the proposed transactions will be consummated or as to the timing of any such consummation.
 
Fatman17

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🇵🇰🌍 Pakistan's African pivot: Weapons, trade and the race for the Red Sea

Pakistan is increasingly entrenching itself in Africa — not only through diplomacy, but through arms deals. Its key foothold is the Horn of Africa and the Red Sea zone, where major trade routes between Asia, Africa and Europe pass

🟠This week, Somalia's president received a Pakistani Air Force delegation. Pakistan announced assistance in rebuilding Somalia's air force that has been destroyed by civil war. Media reported talks on a contract for 24 JF-17 fighter jets worth $900 million, though the deal's status remains unclear: in August, the sides limited themselves to a memorandum on counterterrorism and training

🟠With Sudan, Pakistan sought a contract to sell ten K-8 trainer aircraft, over 200 drones and air defense systems worth ~$1.5 billion. The deal was suspended after Saudi Arabia refused to finance it. Nevertheless, Pakistani Mohafiz-V armored vehicles have already been spotted at a parade in Khartoum

🟠In December 2025, media reported that Pakistan signed its largest-ever defense export contract with Libyan National Army — worth $4–4.6 billion: 16 JF-17 fighters, 12 Super Mushshak trainers and other weapons. However, there has been no official confirmation of this deal

🟠Pakistan has also stepped up contacts with Ethiopia: agricultural machinery, a business forum, air force modernization. Through Ethiopia, home to the African Union headquarters, Pakistan gains access to continental institutions.

What does Pakistan get out of this?

Arms sales bring the country much-needed foreign currency and political influence. For African states, Pakistani weapons are attractive for their price and lack of strict political conditions open markets closed by Western suppliers.

👉But the benefits go beyond trade. Strategically, Pakistan is strengthening maritime security in the western Indian Ocean; economically, it is expanding defense exports; diplomatically, it is broadening its presence in a region of growing geopolitical importance.
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