Partnership with a regional defense manufacturer puts U.S.-designed interceptors closer to the allies who need them
- Powerus has begun manufacturing its Guardian counter-UAS interceptor line at a dedicated facility in the Gulf Cooperation Council region, through a multi-year partnership with a regional defense manufacturer.
- Regional production places manufacturing capacity closer to allied customers and shortens delivery timelines compared with shipping finished systems from the United States.
- The registration statement on Form S-4 for the proposed business combination between Aureus Greenway Holdings Inc. and Autonomous Power Corporation (dba Powerus) was declared effective by the U.S. Securities and Exchange Commission on August 12, 2026. AGH has changed its Nasdaq ticker to PUSA in anticipation of its pending combination with Powerus, expected to close in the fourth quarter of 2026, subject to customary closing conditions.
ORLANDO, Fla. and WEST PALM BEACH, Fla., Aug. 24, 2026 (GLOBE NEWSWIRE) — Aureus Greenway Holdings Inc. (“AGH”) (Nasdaq: PUSA) and Autonomous Power Corporation, doing business as Powerus (“Powerus”), today jointly announced that Powerus has begun manufacturing its Guardian counterunmanned aircraft system interceptor line at a dedicated facility in the Gulf Cooperation Council region, established through a multi-year partnership with a regional defense manufacturer.
Guardian is a U.S.-designed interceptor built to defeat one-way attack drones and other low-cost aerial threats. Regional manufacturing places production capacity closer to the customers who need it, shortening delivery timelines compared with shipping finished systems from the United States.
Nations across the Gulf face a growing threat from inexpensive, mass-produced drones capable of striking energy infrastructure, ports, airfields and population centers. Systems built to counter that threat have historically been produced far from where they are used, and delivery schedules have reflected that distance.
The partnership pairs U.S. design and engineering with regional manufacturing capability. Powerus retains responsibility for design, engineering and technical standards, and the regional partner provides advanced manufacturing capacity within the region.
“The threat moves faster than a shipping schedule,” said Brett Velicovich, Co-founder and President of Powerus. “I have watched people wait on equipment that was built an ocean away. Producing close to our allies means they get interceptors at the pace the threat actually moves, not the pace logistics allows.”
“We are pleased to jointly announce this development with Powerus,” said Matthew Saker, Interim Chief Executive Officer of AGH. “Expanding manufacturing capacity in the region is consistent with the strategic vision for the combined company.”
Manufacturing activities are conducted in accordance with applicable U.S. export control laws and authorizations.
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 the fourth quarter of 2026, subject to customary closing conditions 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.
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. As to the manufacturing partnership described in this release, these statements include, without limitation, statements regarding the scope, duration and anticipated benefits of the partnership; production capacity and the ability to establish, maintain or expand regional manufacturing; anticipated delivery timelines and the expected effect of regional production on those timelines; anticipated demand for counter-unmanned aircraft systems in the region; and the ability to obtain and maintain required export authorizations. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “targets,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “potential,” or “continue” or negatives of such terms or other comparable terminology. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially.
As to the proposed business combination between Powerus and AGH, these statements include, without limitation, statements regarding the proposed merger between Powerus and AGH; the anticipated benefits of the merger; the expected timing of the completion of the merger; the anticipated listing and trading of the combined company’s securities; future financial and operating results; the plans, objectives, expectations and intentions of either company or of the combined company following the merger; anticipated future results of either company or of the combined company following the merger; and the anticipated benefits and strategic and financial rationale of the merger and other statements that are not historical facts and its expected timing.
All forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any results expressed or implied by such forward-looking statements. As to the manufacturing partnership described in this release, such factors include, among others: (1) that required export licenses, authorizations, permits or other governmental consents may be delayed, denied, suspended, revoked or made subject to conditions; (2) that the partnership may be modified, delayed or terminated in accordance with its terms, or that the counterparty may not perform; (3) that regional production may not achieve anticipated capacity, quality standards, cost or delivery timelines; (4) risks relating to production scale-up, component availability, workforce and reliance on third-party suppliers; (5) political, security, regulatory and economic conditions in the region in which manufacturing is conducted; (6) that anticipated demand for counterunmanned aircraft systems may not materialize or may not result in executed contracts; and (7) other Powerus-specific operational uncertainties.
As to the announced merger agreement, such factors include, among others: (1) the risk of delays in consummating the potential transaction, including as a result of required shareholder and regulatory approvals, including Nasdaq listing requirements which may not be obtained on the expected timeline, or at all; (2) the risk of any event, change or other circumstance that could give rise to the termination of the merger agreement; (3) the possibility that any of the anticipated benefits and projected synergies of the potential transactions will not be realized or will not be realized within the expected time period; (4) the limited operational history of Powerus as a combined organization and integration risks of acquired businesses; (5) diversion of management’s attention or disruption to the parties’ businesses as a result of the announcement and pendency of the transaction, including potential distraction of management from current plans and operations of AGH or Powerus and the ability of AGH or Powerus to retain and hire key personnel; (6) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the transaction; (7) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (8) the outcome of any legal or regulatory proceedings that may be instituted against AGH or Powerus related to the merger agreement or the transaction; (9) the risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction; (10) legislative, regulatory, political, market, economic and other conditions, developments and uncertainties affecting AGH’s or Powerus’s businesses; (11) the evolving legal, regulatory, tax, and international trade regimes; (12) the nature, cost and outcome of potential litigation and other legal proceedings, including any such proceedings related to the transactions; (13) restrictions during the pendency of the proposed transaction that may impact AGH’s or Powerus’s ability to pursue certain business opportunities or strategic transactions; and (14) unpredictability and severity of catastrophic events, including, but not limited to, extreme weather, natural disasters, acts of terrorism or outbreak of war or hostilities, as well as AGH’s and Powerus’s response to any of the aforementioned factors.
In connection with the proposed merger, AGH has filed relevant materials with the SEC, including a registration statement on Form S-4, which includes an information statement and prospectus, and may file additional materials in the future. Investors and security holders are urged to read those materials because they contain important information. Forward-looking statements speak only as of the date of this release, and except as required by law, neither company undertakes any obligation to update them. This release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
NO OFFER OR SOLICITATION
This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
IMPORTANT INFORMATION AND WHERE TO FIND IT
In connection with the transaction, AGH has filed a registration statement on Form S-4 with the SEC, which includes an information statement and prospectus of AGH, and has mailed a definitive information statement and prospectus to its stockholders. Investors and security holders are urged to read the registration statement (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the registration statement) because such documents contain important information regarding the proposed transaction and related matters. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by AGH through the website maintained by the SEC at http://www.sec.gov or at AGH’s website at https://www.aureusgreenway.com/secfilings.
AGH has not independently verified and makes no representation or warranty, express or implied, as to the accuracy, completeness, or reliability of the information in this release relating to the business, operations, financial condition, technology, products, certifications, contracts, or prospects of Powerus. Such information has been provided by Powerus, and AGH disclaims any obligation to update or correct such information.
CONTACTS
AGH Investor Relations
Jason Assad
678-570-6791
Powerus Press Contact
Escalate PR
pr@power.us
