$GTCH $VWAV So what’s really going on?
20. For any defense contract, whether with the U.S. Department of Defense (U.S. DoD), the Israeli Ministry of Defense (IMOD), NATO, or any other allied governmental, defense, or security entity, the JV LLC may act as the prime contractor, co-prime contractor, or lead systems integrator and which involves the Designated Projects, or any derivative or successor technology thereof.
$GTCH what does this mean: LLC due to its high security level and confidential nature of such projects (“Designated Projects” or “DP”);
This SEC filing clause designates specific joint venture projects as "Designated Projects" (DP) to be managed within a separate LLC, ensuring they are isolated from public market volatility and shielded by high security for critical infrastructure [http://SEC.gov http://sec.gov]. The classification acts as a legal and technical firewall, allowing for the redaction of sensitive data regarding defense and banking clients while protecting proprietary technology from public disclosure [http://SEC.gov http://sec.gov].
$GTCH There’s major NDAs
WHEREAS, the designated projects (exiting projects or new projects to be developed – including one current project on going and three under development) that will be contributed by BOCA to the JV are in the EDA industries such as providing services and development to certain financial/banking institutions; LLC due to its high security level and confidential nature of such projects (“Designated Projects” or “DP”);
1. BOCA is actively engaged in the research, invention, and development of various defense initiatives, including but not limited to the Designated Projects. The Designated Projects form a critical part of BOCA’s core intellectual property portfolio and ongoing defense innovation pipeline, and may include future enhancements, iterations, or derivative technologies.
VWAV is actively engaged in the research, development and commercialization of defense systems, including but not limited to advanced drones, kinetic systems and artificial intelligence.
