Eva Live Inc. Announces UAS Development Agreement with Boumarang

What Happened
On August 5, 2026, Eva Defense Inc., a wholly owned subsidiary of Eva Live, Inc., entered into a Development Agreement with Boumarang Inc. to design, build and test a resilient communications unmanned aircraft system (UAS). Eva Defense committed $1.2 million to a 12-month program, payable at $100,000 per month from August 5, 2026 through July 31, 2027. The program is organized around staged technical gates (feasibility, proof of concept, field test, beta) and requires Eva Defense approval to proceed at each stage. The company issued a press release about the agreement on August 6, 2026.

Key Details

• Total committed funding: $1.2 million, paid $100,000 per month (Aug 5, 2026 – Jul 31, 2027).
• Program length: 12 months with milestone-driven technical gates (feasibility → proof of concept → field test → beta).
• Target deliverables: 10–20 field-tested, beta-ready prototypes, a low-rate initial production plan, and an NDAA-compliant supplier base.
• IP/ownership: Deliverables are assigned to Eva Defense upon full payment for each deliverable; Boumarang retains its background technology and licenses it to Eva Defense on a non-exclusive basis to the extent incorporated.

Why It Matters
This filing documents a strategic R&D investment rather than revenue or an immediate production contract. The $1.2M, milestone-based commitment is relatively modest in cash terms but could advance Eva Live’s capabilities in defense-oriented UAS hardware and positioning for future production work. Milestone gates and deliverable assignment upon payment provide the company control over progress and ownership of paid deliverables, while Boumarang’s retained background IP (licensed non-exclusively) may limit exclusivity. The NDAA-compliance goal signals an intent to meet U.S. government supply requirements, which could be relevant if future government or defense contracts are pursued.