Powerus unit signs $60M Australia-NZ drone deal, U.S. partnership
Autonomous Power Corporation, doing business as Powerus, announced through its subsidiary Kaizen Aerospace, Inc. the launch of an agriculture division and two distribution agreements for its xFold Dragon heavy-lift drone aircraft, according to a company statement.
Kaizen Aerospace signed an exclusive agency and distribution agreement with Aerospread Technologies Limited of Napier, New Zealand. Aerospread will serve as the exclusive agent for xFold sales across Australia, New Zealand, and the South Pacific. The agreement carries sales targets of approximately $60 million over five years, though the company noted these targets are performance objectives rather than binding purchase commitments, and actual orders may differ materially.
In the United States, Kaizen named Sprig Aerospace, LLC of Benton, Kentucky, an authorized distributor and marketing partner. Sprig, which operates agricultural drone spraying services nationwide, will standardize its commercial fleet on Powerus aircraft, fitting its spray systems to xFold airframes.
The Federal Aviation Administration issued Sprig Aerospace a Special Airworthiness Certificate in the Experimental category, along with a Certificate of Waiver of Authorization, for the xFold Dragon H1000 for research and development purposes in an aerial application configuration.
"Agriculture has been part of the Powerus vision since day one, and this is the year it becomes a business," said Ziv Marom, Chief Vision Officer of Powerus Labs.
Powerus also disclosed a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). The transaction has not closed and remains subject to customary closing conditions, including the effectiveness of a Form S-4 registration statement and applicable regulatory approvals.
The company cited third-party market research from Grand View Research valuing the agricultural drone market at approximately $3.37 billion in 2025, with projections reaching $21.59 billion by 2033.
