NETANYA, Israel, July  08, 2026  (GLOBE NEWSWIRE) -- BiomX Inc. (NYSE:PHGE) (&#34;BiomX&#34; or the &#34;Company&#34;), a company focused on acquiring and further developing technologies that identify, analyze, protect

PHGE

BiomX Signs Non-Binding Letter of Intent to Acquire Control of Revenue-Generating Security Infrastructure and Systems Integration Company, Expanding Its Security Platform with Critical Infrastructure and Secure-Site Integration Capabilities

BiomX Advances Defense Portfolio With LOI to Acquire 60% of Tsoock

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  <section data-block="information">
    <h3>Information</h3>
    <p>NETANYA, Israel, July  08, 2026  (GLOBE NEWSWIRE) -- BiomX Inc. (NYSE:PHGE) (&amp;#34;BiomX&amp;#34; or the &amp;#34;Company&amp;#34;), a company focused on acquiring and further developing technologies that identify, analyze, protect</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BiomX announced a non-binding LOI to acquire 60% of Tsoock Defense Technologies for $10.4 million, with $300,000 upfront and the rest in four quarterly installments. An option to acquire the remaining 40% for $9.2 million within 36 months adds optional upside. If completed, the deal would add secure-site integration capabilities and broaden BiomX&#039;s defense and critical-infrastructure portfolio, potentially accelerating deployment of its AI-driven security technologies.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BiomX signs LOI for 60% of Tsoock; total $10.4M. Non-binding terms—due diligence required.</li><li>Tsoock: Israeli security integrator; 2025 revenue ~NIS 13.1M; +70% YoY.</li><li>Deal includes option to buy remaining 40% for $9.2M within 36 months.</li><li>Potential synergy with BiomX&#039;s Zorronet/DFSL to expand deployment.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>BiomX Inc. (PHGE)</strong>: Acquiring 60% of Tsoock; potential strategic expansion into secure-site integration and defense markets.</li><li><strong>Tsoock Defense Technologies Ltd. (N/A)</strong>: Israeli security infrastructure and systems integrator; target of 60% stake under LOI; non-binding terms.</li><li><strong>Zorronet (N/A)</strong>: BiomX portfolio; AI-powered command-and-control platform; potential operating-systems integration with Tsoock.</li><li><strong>DFSL (N/A)</strong>: BiomX portfolio; LADAR-based detection; could benefit from expanded secure-site deployment.</li></ul>
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  <section data-block="category">
    <h3>M&amp;A</h3>
    <p>Category: M&amp;A. This reflects BiomX’s strategic shift toward operational execution and security/infrastructure offerings, expanding from portfolio building to real-world integration with Tsoock&#039;s capabilities.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Non-binding LOI for 60% stake; deal timing and certainty remain uncertain.</li><li>Total consideration $10.4M; structured payments reduce immediate cash impact.</li><li>40% option for $9.2M within 36 months; optionality adds upside but not guaranteed.</li><li>Tsoock 2025 revenue grew ~70% YoY to NIS 13.1M; profitability improved.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: July 8, 2026.</li><li>Total consideration: $10.4 million; initial payment $300k; rest in four quarterly installments over 12 months.</li><li>Option to acquire remaining 40% for $9.2 million; exercisable within 36 months after closing.</li><li>Tsoock 2025 revenue: ~NIS 13.1 million; 2024 revenue: ~NIS 7.7 million (YoY +70%).</li><li>2025 net profit: ~NIS 0.625 million; 2024 net loss: ~NIS -1.8 million.</li><li>LOI is non-binding; due diligence, definitive agreements, financing, and regulatory approvals required.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>If the deal closes, PHGE could see a modest positive re-rating within 12–18 months as revenue and operational capabilities expand; progress hinges on due diligence and regulatory clearances.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NETANYA, Israel, July  08, 2026  (GLOBE NEWSWIRE) -- BiomX Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PHGE">PHGE</a>) (&#34;BiomX&#34; or the &#34;Company&#34;), a company focused on acquiring and further developing technologies that identify, analyze, protect against and support faster responses to physical threats, today announced that its wholly owned subsidiary BiomX Israel Defense and Security Ltd. has signed a non-binding letter of intent (the &#34;LOI&#34;) to acquire a 60% controlling interest in Tsoock Defense Technologies Ltd. (&#34;Tsoock&#34;), an Israeli security infrastructure and systems integration company with approximately 20 years of operating experience. The LOI is non-binding with respect to the proposed transaction terms, and there can be no assurance that definitive agreements will be executed or that the transaction will be completed.</p>  <p align="justify">Tsoock serves as an execution and systems-integration contractor for leading Israeli system integrators, supporting projects for defense-related, government, industrial and critical-infrastructure environments. The company provides installation, commissioning and maintenance of integrated security, safety and communications systems, including CCTV and video surveillance, access control, intrusion detection, fire detection, building-control systems, electrical and communications cabling, command-and-control rooms and solar infrastructure.</p>  <p align="justify">If completed, the proposed acquisition is expected to add a secure-site execution and systems integration layer to BiomX&#39;s growing defense, security, critical-infrastructure and first-response portfolio. BiomX believes Tsoock&#39;s capabilities could strengthen its ability to bring detection, identification, command-and-control and response technologies from portfolio-level strategy into real-world operational environments.</p>  <p align="justify">Under the non-binding letter of intent, BiomX Israel Defense and Security Ltd. would acquire 60% of Tsoock for contemplated total consideration of $10.4 million, subject to completion of due diligence, negotiation and execution of definitive agreements, adequate financing, customary closing conditions and required regulatory and third-party approvals, including any applicable requirements of, or approvals from, the U.S. Securities and Exchange Commission and NYSE American. If completed, the contemplated consideration includes an initial payment of $300,000, with the remaining $10.1 million expected to be payable in four quarterly installments over 12 months. The non-binding letter of intent also contemplates an option for BiomX to acquire the remaining 40% of Tsoock for $9.2 million during a 36-month period following the closing of the proposed transaction. There can be no assurance that definitive agreements will be executed or that the proposed transaction will be completed on the contemplated terms, timeline or at all.</p>  <p align="justify">As security environments become more connected, sensitive sites increasingly require more than standalone software, cameras or individual sensors. Military facilities, government sites, transportation networks, industrial assets, solar farms, energy sites and other critical infrastructure environments need integrated systems that connect cameras, access control, fire detection, intrusion alerts, building-control systems, electrical infrastructure and command-and-control platforms into a more unified operational picture.</p>  <p align="justify">BiomX believes Tsoock&#39;s capabilities could help bridge the gap between AI-driven security intelligence and real-world implementation in sensitive and mission-critical environments. By adding secure-site integration and infrastructure capabilities, BiomX believes it may be able to support broader deployment of its detection, identification, command-and-control and response technologies across defense, security, critical infrastructure and first-response markets.</p>  <p align="justify">Tsoock is an operating company with demonstrated recent growth. According to its financial statements, Tsoock generated approximately NIS 13.1 million in revenues in 2025, compared with approximately NIS 7.7 million in 2024, representing year-over-year revenue growth of approximately 70%. Tsoock also reported net profit of approximately NIS 625 thousand in 2025, compared with a net loss of approximately NIS 1.8 million in 2024.</p>  <p align="justify">If completed, the proposed acquisition is expected to complement BiomX&#39;s existing portfolio companies, including Zorronet and DFSL. Zorronet is BiomX&#39;s AI-powered command-and-control platform, designed to connect cameras, sensors, drones, field personnel and other systems into a unified operating environment. DFSL develops LADAR-based detection and physical security technologies designed to support high-precision threat detection in demanding environments. Tsoock would bring the field capability to install, integrate and maintain the cameras, sensors, safety and security systems, and electrical and communications infrastructure that BiomX&#39;s detection and command-and-control technologies depend on in operational environments.</p>  <p align="justify">&#34;If completed, this proposed acquisition would reflect another step in BiomX&#39;s transition from strategic portfolio building into operational execution,&#34; said Michael Oster, Chief Executive Officer of BiomX. &#34;Tsoock&#34; would add an established operating company with revenue, customer activity and secure-site integration capabilities. We believe its experience with security systems, safety systems, building-control infrastructure and sensitive facilities can strengthen our ability to deliver more complete solutions across defense, security, critical infrastructure and first-response markets.&#34;</p>  <p align="justify"><strong>About Tsoock Defense Technologies Ltd.</strong></p>  <p align="justify">Tsoock Defense Technologies Ltd. is an Israeli security infrastructure and systems integration company with approximately 20 years of operating experience. The company works with major integration companies serving Israel&#39;s defense establishment and military facilities and provides systems and execution capabilities across fire detection, access control, intrusion detection, building control, energy-efficiency and climate-control systems, solar farm infrastructure, electrical infrastructure, cabling and related installation services.</p>  <p align="justify">According to Tsoock, its past and present customers and project references include Electra Megason, Shikun &amp; Binui, G1, Israel Aerospace Industries, the Ministry of Foreign Affairs, AFCON Group, Bynet, Israel Electric Corporation, Intel Kiryat Gat, the Ein Evrona EPC project, Ituran and Israel Railways. This information regarding Tsoock’s past and present customers and project references has been provided by Tsoock and reflects Tsoock’s own disclosure.</p>  <p align="justify">Additional information about Tsoock is available on Tsoock&#39;s <a href="https://www.globenewswire.com/Tracker?data=BSY3M7khtbhmtls2FUI1Ze3Gcsn83r3O1ksmypdnXdaTvfykUWAvDWOftbQ8-uJD1Dnb5IQwoopQDX_bT82M1g==" rel="nofollow" target="_blank">website</a>. The contents of Tsoock&#39;s website are not controlled by BiomX, are not part of this press release, and are not incorporated by reference herein.</p>  <p align="justify"><strong>About BiomX</strong></p>  <p align="justify">BiomX Inc. is focused on acquiring and further developing technologies that identify, analyze, protect against and support faster responses to physical threats across defense, security, critical infrastructure and first-response sectors. The Company&#39;s portfolio is built around the growing need for earlier and more accurate threat detection, operational understanding, secure-site integration, physical protection and faster response, particularly as connected sensors, UAVs, autonomous systems and physical security threats play a larger role in defense and homeland security.</p>  <p align="justify"><strong>Forward-Looking Statements</strong></p>  <p align="justify">This press release contains &#34;forward-looking statements&#34; within the meaning of the &#34;safe harbor&#34; provisions of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by words such as &#34;expects,&#34; &#34;intends,&#34; &#34;plans,&#34; &#34;believes,&#34; &#34;will,&#34; &#34;may,&#34; &#34;anticipates,&#34; &#34;estimates,&#34; &#34;potential,&#34; &#34;continue&#34; and similar expressions, and include statements regarding the Company&#39;s strategic direction; the non-binding letter of intent relating to the proposed acquisition of Tsoock; the due diligence review and negotiation and potential execution of definitive agreements related to the proposed acquisition; the expected benefits of the proposed transaction; the expected integration of Tsoock&#39;s capabilities with the Company&#39;s existing portfolio if the transaction is completed; the Company&#39;s ability to deploy, commercialize and scale technologies across defense, security, critical infrastructure and first-response markets; the Company&#39;s plan to regain compliance with the NYSE American continued listing standards; and the Company&#39;s ability to maintain the listing of its common stock on the NYSE American.</p>  <p align="justify">These statements are based on the Company&#39;s current expectations and are subject to a number of risks and uncertainties, many of which are beyond the Company&#39;s control, that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others, the risk that the non-binding letter of intent may not result in definitive agreements; the risk that due diligence may not be completed to the Company&#39;s satisfaction; the risk that the proposed transaction may not be completed on the contemplated terms, timeline or at all; the risk that required approvals or closing conditions may not be obtained or satisfied; the risk that the Company may not realize the expected benefits of the proposed transaction; the Company&#39;s ability to integrate acquired companies and technologies and execute its business and strategic initiatives; the Company&#39;s ability to raise additional capital; the Company&#39;s going concern qualification; the risk that the Company may not regain compliance with the NYSE American continued listing standards within the plan period or at all; the possibility that the Company&#39;s common stock may be suspended from trading or delisted from the NYSE American; and the other risks described in the Company&#39;s filings with the Securities and Exchange Commission, including under the heading &#34;Risk Factors&#34; in the Company&#39;s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on February 19, 2026, as supplemented by the Form 10-K/A filed with the SEC on April 30, 2026, the Company&#39;s Current Report on Form 8-K filed with the SEC on May 5, 2026, and the Company&#39;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 filed with the SEC on May 20, 2026, as well as the Company&#39;s other filings with the SEC. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.</p>  <p align="justify"><strong>Contact</strong></p>  <p align="justify">Yair Ohayon<br></br>Yairo@biomx.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1ODkyOCM3Njk2NjMxIzIzMTAzMjE="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YTBkOWM4OTQtNzk0Mi00MjY4LWIzOWItYWZiZjU4Mjg2NWEwLTEzMjE4NzEtMjAyNi0wNy0wOC1lbg==/tiny/BiomX.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/e13dfa4a-9990-4727-b4cf-eb3bb4684512"><img src="https://ml.globenewswire.com/media/e13dfa4a-9990-4727-b4cf-eb3bb4684512/small/picture1-png.png" border="0" width="150" height="39" alt="Primary Logo"></img></a></p>

BiomX announced a non-binding LOI to acquire 60% of Tsoock Defense Technologies for $10.4 million, with $300,000 upfront and the rest in four quarterly installments. An option to acquire the remaining 40% for $9.2 million within 36 months adds optional upside. If completed, the deal would add secure-site integration capabilities and broaden BiomX's defense and critical-infrastructure portfolio, potentially accelerating deployment of its AI-driven security technologies.

biomx-signs-non-binding-letter-of-intent-to-acquire-control-of-revenue-generating-security-infrastructure-and-systems-integration-company-expanding-its-security-platform-with-critical-infrastructure-and-secure-site-integration-capabilities

BiomX Signs Non-Binding Letter of Intent to Acquire Control of Revenue-Generating Security Infrastructure and Systems Integration Company, Expanding Its Security Platform with Critical Infrastructure and Secure-Site Integration Capabilities

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

M&A

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