Solrom Shares Soar 33.5% on Tel Aviv Exchange After IDF Tests Advanced QCL Laser System

Tel Aviv, Israel – Shares of Israeli defense technology firm Solrom Holdings Ltd. surged by 33.5% on the Tel Aviv Stock Exchange following a successful Israel Defense Forces (IDF) test of its new Quantum Cascade Laser (QCL) target-marking system. The innovative device is designed for long-range operations, capable of marking targets without visible emission, making detection impossible for adversaries while remaining visible only to equipped operators, as reported by Ynetnews and other outlets. This breakthrough reinforces Solrom's position in advanced military laser solutions.

The company's market valuation has seen a significant increase, rocketing from an initial ₪130 million ($34 million) at its September 2024 listing to ₪485 million ($127 million) within a year. Solrom, which went public through a merger with 3Diem, a company initially specializing in laser printer technology, successfully adapted its laser expertise for military applications. This rapid growth highlights investor confidence in its defense sector pivot and technological advancements.

Solrom's QCL system represents a major step in battlefield technology, enabling precision targeting and potentially reducing friendly fire incidents through an auto-marking system also tested by the IDF, according to Israj.media-j.com. Quantum Cascade Lasers operate in the mid-infrared spectrum, offering high power and tunability, and are increasingly critical for defense applications like target illumination and countermeasures. Israel is a recognized leader in defense laser systems, exemplified by projects such as Rafael Advanced Defense Systems' Iron Beam air defense system.

Discussions are underway for a first official purchase order from the IDF, signaling the system's operational readiness and strategic importance. Solrom has also secured a framework agreement to supply QCL products to another Israeli defense company, valued at up to ₪24 million over five years, and received a ₪2.5 million grant from the Israel Innovation Authority for further high-power military laser development. These developments position Solrom for continued growth and market penetration.

The robust performance of Solrom aligns with the broader trend of Israel's thriving defense industry, which achieved record exports of $13 billion in 2023. Known globally for its innovation and advanced technologies, the sector benefits from substantial government investment in R&D and strong international demand. Solrom's success underscores the country's ongoing commitment to developing cutting-edge military solutions and maintaining a technological edge in global defense markets.