BiomX Establishes X Security & Defense in Israel with $3 Million Investment
BiomX Inc. has launched a wholly-owned subsidiary, X Security & Defense LTD., in Israel, with an initial investment of over $3 million. The subsidiary will focus on security, defense, and emergency response operations. BiomX has signed a non-binding LOI for exclusive distribution rights in Israel for a drone-based aerial firefighting system. This move marks BiomX's entry into the defense market, which is growing rapidly, particularly in the context of increased fire incidents in Israel.

BiomX Inc. has launched X Security & Defense LTD. in Israel, investing over $3 million to fund operations related to security and emergency response. The subsidiary's first transaction involves a non-binding LOI for exclusive distribution rights in Israel for a drone-based firefighting system.
This system utilizes high-pressure water and fire retardants to enhance firefighting capabilities. The global market for UAVs in emergency responses was estimated at $3.2 billion in 2023 and is expected to grow significantly by 2032. The establishment of X Security & Defense aligns with increased government investment in Israel's emergency preparedness, with budgets over $500 million for fire and rescue services.




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