Adisyn Partners With €1.2B Israeli Giant to Build Stealth Drone Parts at Scale
Adisyn signs MOU with Israeli manufacturing giant to fast-track graphene stealth drone components
Adisyn Ltd (ASX: AI1) has announced that its subsidiary, 2D Radar Absorbers Ltd, has executed a Memorandum of Understanding (MOU) with Raval A.C.S. Ltd to co-develop graphene-enhanced injection-moulded parts for radar absorption in drones and unmanned aerial vehicles (UAVs). Raval is one of Israel’s largest plastics groups, reporting €201 million in CY2025 revenue and carrying an order backlog of €1.243 billion, making this a direct pathway to serial production rather than a laboratory-stage partnership.
The MOU includes a pathway to a 50:50 manufacturing joint venture (Israel only), under which 2D Radar would license its radar absorption technology to the JV Company in exchange for an agreed percentage of the JV Company’s gross revenues. Definitive agreements are targeted within 180 days of the MOU’s effective date.
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Why Raval changes the equation for Adisyn
A manufacturing partner with global OEM credentials
Raval is a globally recognised supplier of sophisticated thermoplastic and structural composite components, serving leading automotive original equipment manufacturers (OEMs) across Europe, North America and Asia. Its key customers include Volkswagen, BMW, Mercedes, GM and Porsche, and its quality systems already meet the demanding standards of the world’s largest vehicle programmes.
Key Raval credentials include:
- CY2025 revenue: approximately €201 million
- CY2025 EBITDA: approximately €33 million
- Order backlog: approximately €1.243 billion
- Staff: 1,220 across 11 facilities in North America, Western and Eastern Europe, China and Israel
- Accreditations: IATF 16949:2016, ISO 14001:2015, ISO 45001:2018, VDA 6.3 and TISAX
Critically, the announcement states that the manufacturing standards Raval already meets for global automotive OEMs are demonstrably suitable for the demanding requirements of defence and drone customers.
Bridging the lab-to-fab gap in months, not years
Most materials development collaborations separate the research phase from manufacturing, creating a lengthy and uncertain adaptation period when laboratory results must be re-engineered to suit an eventual production partner’s tooling and processes. The Raval collaboration is structurally different. Development will be conducted from the outset on Raval’s serial production machines, with parts engineered for manufacturability from day one.
This approach is designed to enable a rapid transition from successful prototype to qualified volume production in months rather than years. In defence and drone procurement, where time-to-field is increasingly mission-critical, that speed advantage is commercially material when engaging Israel’s Ministry of Defense and drone manufacturers.
Arye Kohavi, Managing Director, Adisyn
“For the Israeli Ministry of Defense and global drone manufacturers, our ability to move from development to production in months — rather than years — is a critical differentiator.”
What graphene radar absorption actually means for drones
Radar-absorbing materials (RAM) are engineered to reduce the radar cross-section of an aircraft or vehicle, meaning radar signals bounce back less energy to the detection system. For drones and UAVs operating in contested environments, a lower radar signature can be the difference between mission success and detection. Traditional RAM solutions often rely on surface coatings or films, which can degrade, add weight, or require complex application processes.
Graphene offers superior electromagnetic absorption properties compared to many conventional RAM materials, owing to its unique atomic structure and high electrical conductivity. 2D Radar’s technology platform, underpinned by exclusive worldwide rights licensed from Tel Aviv University, applies graphene-based radar absorption through injection-moulded structural parts rather than surface treatments. In simple terms, the stealth properties are built directly into the component itself.
Injection moulding matters because it is one of the most scalable and repeatable manufacturing processes in plastics. Structural parts that absorb radar are inherently more durable than coatings, and Raval’s specific capabilities, including Moldflow injection-moulding analysis and topology optimisation, make the transition from material science to commercial part a credible near-term proposition rather than a distant aspiration.
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MOU structure and the road to a joint venture
The MOU establishes an 18-month collaboration period during which each party funds its own development activities. Raval leads plastic and moulding development, while 2D Radar leads graphene and two-dimensional materials research and radar absorption testing, conducted together with Tel Aviv University. Customer prototype manufacture would be jointly funded.
The pathway to a formal joint venture is governed by two milestones, with a structured escalation toward full commercialisation if both are achieved.
| Milestone | Timeframe | Responsible Party | Outcome | Notes |
|---|---|---|---|---|
| Demonstrate material technical progress | 12 months | Both parties | Radar absorption testing vs. benchmarks; workplan completion; or customer prototype request | Each party funds its own development activities |
| Declare collaboration commercially viable | 18 months | Both parties | Triggers negotiation of definitive JV agreements | Definitive agreements targeted within 180 days of effective date |
| Establish 50:50 JV Company (Israel only) | On success | Both parties (equal equity) | JV manufactures and supplies products in the drone and UAV field | Manufacturing exclusivity in Israel only; no optional rights in other jurisdictions |
| Technology licence to JV | On JV formation | 2D Radar | Exclusive (Israel only) licence in exchange for agreed percentage of JV Company’s gross revenues | Royalty stream to 2D Radar across all JV products |
Notably, 2D Radar may apply for non-dilutive grant funding from MAFAT or the Israeli Innovation Authority, and if approved, may direct that funding toward a portion of Raval’s development costs under an approved budget. This represents a capital-efficient structure for Adisyn, limiting its direct cash outlay during the development phase.
Arye Kohavi, Managing Director, Adisyn
“Combined with the exclusive worldwide rights to graphene-based radar absorption technology we recently secured from Tel Aviv University, this collaboration gives Adisyn a uniquely integrated stealth materials platform — from underlying science through to industrial-scale production — and we look forward to engaging defence and UAV customers on that basis.”
With exclusive worldwide rights from Tel Aviv University anchoring the technology layer, and a direct manufacturing pathway through one of Israel’s most credentialled industrial groups now established, Adisyn holds a vertically integrated stealth materials offering that spans fundamental materials science through to serial production capacity. That combination, with access to potential non-dilutive grant funding, positions the company to engage defence and drone customers with a commercially viable proposition that few defence-focused materials companies at a comparable stage can replicate.
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