Goal of Expanding Into Global Exploration Market

Company to introduce proprietary RF sensing technologies alongside conventional offshore discovery methods in Liberia Basin

WEST HOLLYWOOD, Calif., March 24, 2026 (GLOBE NEWSWIRE) -- VisionWave Holdings, Inc. (NASDAQ:VWAV) ("VisionWave" or the "Company"), a developer of advanced AI-driven sensing and radio-frequency (RF) technologies, today announced that it has entered into a Letter of Engagement ("LOE") with the National Oil Company of Liberia ("NOCAL") relating to offshore petroleum Blocks LB-4 and LB-5 in the Liberia Basin.

The LOE provides VisionWave with an exclusive pathway to advance toward a potential Production Sharing Contract ("PSC") with the Government of Liberia, subject to prequalification, regulatory approvals, and legislative ratification by the Liberian authorities.