Confidential · for qualified investors only · not a public offer

Investor briefing · Series financing 2026

Europe is multiplying its artillery ammunition. Nobody rebuilt the logistics.

ECLIPS Germany industrialises a fielded, reusable ammunition container system for the European artillery ramp-up: proven in service with the Australian Army, confirmed by the German procurement office, entering trials with the Bundeswehr and the French Artillery School.

230,000155 mm projectiles the Bundeswehr must stockpile by 2031 under NATO requirements
1.1 mrounds of Rheinmetall annual 155 mm output planned for 2027, up from 70,000 in 2022
3fully engineered products; the lead product is in series production and service today
5documented references on file: Australia, BAAINBw, École d'artillerie, ARX Robotics, Ukraine
01

The bottleneck is not production. It is everything after the factory gate.

European 155 mm production is scaling from roughly one million to two million rounds per year. Every one of those projectiles must be stored, moved and staged at dispersed firing positions. The systems doing that work today are single-use packaging, pallets and manual handling, designed for static logistics chains behind a front line that no longer exists.

Reconnaissance and strike drones have inverted the equation: dispersal, speed and minimal crew exposure now decide survivability. Artillery logistics needs what containerisation gave global freight: a reusable, intermodal, sealed unit built around the projectile.

That unit exists. It carries a JMIC footprint, seals to IP67, moves by ship, aircraft and UGV, and is in service with the Australian Army today. ECLIPS Germany brings it to Europe.

02

Three products. Engineered, priced, ready to ship.

NOXIS 36-round artillery logistics container, camouflaged, on JMIC footprint
Fielded · Australian Army

NOXIS

Modular storage and transport for complete artillery ammunition: up to 36 projectiles to 155 mm including fuzed rounds, with propellant charges, in one reusable container on the JMIC footprint. Fielded, in series production, sold at EUR 15,000 per unit in Australia.

36 projectiles IP67 sealed JMIC MIL-STD-3028 1,440 kg payload
NOXIS Small nine-round container, olive drab, stackable, forklift pockets
Engineered · trial units Q4 2026

NOXIS Small

The nine-round variant, optimised for mobile platforms and unmanned ground vehicles: shoot-and-scoot resupply at the firing position, stackable to three, integrated with in-service load handling. First trial procurements with the Bundeswehr and the French Artillery School.

9 projectiles 50 kg empty UGV optimised ×3 stackable
NOXIS-Lift electric hook-lift module for unmanned ground vehicles, technical line rendering
Engineered · ARX Robotics LOI signed

NOXIS-Lift

A fully electric ground-release pair for UGVs: sets down 750 kg from the platform in under two minutes, no crane, no crew at the receiving end. The interface that turns any compatible UGV into an unmanned ammunition shuttle, and the subject of a signed LOI with ARX Robotics, Europe's leading UGV manufacturer.

750 kg per pair <2 min release cycle 48 V CAN control 15 kg per unit

No product risk in this financing. All three products are fully engineered; development costs were carried by NAXCON GmbH and the complete IP transfers to ECLIPS Germany. Manufacturing costs are documented through running Australian series production. This round finances market introduction, not invention.

03

Traction, on paper. Every reference is a document on file.

In service

Australian Army: fielded and re-ordering

NOXIS is introduced, produced in series and sold through the Australian partner. Real production, real prices, a letter of satisfaction on file. The proof that product, manufacturability and willingness to pay are not hypotheses.

Letter on file
Germany

BAAINBw: concept confirmed, introduction intended

The federal procurement office confirms in writing that it considers the concept sound and intends to introduce it into the armed forces. Trial procurement planned for Q4 2026.

Letter on file
France

École d'artillerie: trial committed

The French Artillery School confirms its intention to trial the system, as France introduces 109 CAESAR Mk II systems and scales domestic ammunition production towards 100,000 rounds per year.

Letter on file
October 2026

ARX Robotics: LOI, roadmap, joint Bundeswehr demonstration

Signed letter of intent with Europe's largest western UGV supplier to Ukraine: distribution of NOXIS Small and NOXIS-Lift on ARX platforms, plus a joint live demonstration of the integrated unmanned resupply system to the Bundeswehr in October 2026.

LOI + roadmap on file
Ukraine

Ukrainian embassy: documented interest

A letter of interest from the Ukrainian embassy, against a monthly artillery consumption estimated at 90,000 to 200,000 rounds. Deliberately carried as upside only, not in the base case.

Letter on file
04

A market that regulation, rearmament and robotics are building simultaneously.

30 daysof intensive-combat ammunition every NATO member must now stockpile
×11growth of the Bundeswehr 155 mm inventory: 20,000 to 230,000 projectiles by 2031
5–6,000NOXIS Small saturation stock derived for Germany alone; France adds 2,500–4,000
25,000UGVs contracted by Ukraine in H1 2026; frontline logistics is going unmanned
1,500–2,200large containers per year if 5% of Rheinmetall output ships in reusable containers
0established European competitors on the JMIC footprint today

The supply side is already committed

Rheinmetall 155 mm output per year · published capacity plan

1.5 m 1.0 m 0.5 m 2022 70 k 2027 1.1 m 2030 1.5 m

Every additional round is a stored, moved and staged round. Production capacity is funded and under construction; the logistics that must carry it is this financing.

Sources: NATO stockpile directives, German MoD figures, Rheinmetall published capacity plans, ARX Robotics / industry announcements. Full derivation with 15 referenced sources in the assumptions document.

05

Two stages. One gate. Downside capped by design.

Round 1 · October 2026

EUR 700,000

Convertible loan · converts at preferential terms in Round 2
  • Funds: team, Bundeswehr & French trials, ARX joint demonstration, qualification, sales build-up
  • Answers: does the European customer buy?
  • Runway: through market validation, with a three-month buffer
The GateSeries order or documented procurement decision, or no Round 2 and an orderly wind-down. Investor exposure capped at Round 1.
Round 2 · at series order

EUR 2,000,000

Capital increase · Round 1 converts, base case April 2027
  • Funds: production tooling, series working capital, team scale-up to cash break-even
  • Answers: does series demand materialise at scale?
  • Beyond: phase-3 working capital via customer prepayments, grants and order-backed credit

Deployment of Round 1 · EUR 700 k

Net capital requirement · 465 k (team, trials, qualification, sales, less 125 k trial revenue) Buffer · 235 k (≈ 3 months of operations)

Deployment of Round 2 · EUR 2.0 m

Production tooling · 430 k Working capital · ≈ 900 k Team & operations · ≈ 450 k Transaction · 25 k Reserve · ≈ 195 k

Base case revenue path

Deliveries per year · monthly model, three scenarios, on request

Read the steep step honestly: 2028 follows from saturation-stock volumes derived from NATO requirements and national inventory targets. The derivation sits in the assumptions document, and the model deliberately contains no Ukraine revenue, no Poland before 2028 and grants at a conservative 35% planning rate. Each is upside against these figures.

06

Operators, not spectators.

Dr. Johannes Martin

Managing Director

Dr.-Ing. aerospace engineering. Leads technology development across the NAXCON Group, including the VINDEX drone programme and the NOXIS product line now carried into ECLIPS Germany.

Robîn Delipalta, MBE

Authorized Officer · CEO NAXCON Group

Founder and CEO of the NAXCON Group, sole shareholder of ECLIPS Germany at incorporation. Built the group from engineering services into proprietary defense products.

Karsten Eggert

Advisor

Advisor to ECLIPS Germany with senior operations leadership background across the NAXCON Group's global activities.

Steve Scott

Senior Consultant · ECLIPS (Australia)

Senior consultant from the Australian ECLIPS organisation, where the NOXIS container was fielded with the Australian Army. The cooperation from which ECLIPS Germany was formed.

The products exist. The demand is documented. The structure caps your downside.

Request the full investor package: assumptions document with 15 referenced sources, financing plan, monthly financial model with three scenarios, and the five reference documents.

Request the investor package

assumptions.docx · financing-plan.docx · model.xlsx · reference letters (5)