IdeaForge Technology’s wholly owned subsidiary -- IdeaForge Technology Inc. (IF) has entered into a joint venture agreement (JVA) with First Breach Inc. (FB) on September 23, 2025. As per the agreement, IF and FB are proposed to set up a Joint Venture (JV) to undertake the business of licensing, sourcing, designing, engineering, manufacture and distribution of specific IF UAVs in the United States of America (USA) and such other business activities as may be mutually agreed in writing between IF and FB. Both IF and FB will equally hold shares representing 50% of the JV formed.
The setting up of the JV is subject to, amongst the other things, upon the satisfactory completion of due diligence of the relevant matters and obtaining necessary permissions, clearances and approvals as may be required from the relevant statutory/regulatory authorities.
Ideaforge Technology is engaged in the business of manufacturing and marketing of UAV systems which are used for security and surveillance.
