Company Research Report: Epirus Inc.

Company Overview

• Name: Epirus Inc.

• Mission: Dedicated to overcoming the asymmetric challenges inherent to the future of national security.

• Founded: No information is available.

• Key People:

• Andy Lowery, Chief Executive Officer

• Bo Marr, Chief Technology Officer and Co-Founder

• Headquarters: Torrance, California, United States

• Number of Employees: Nearly 200 employees as of late 2021.

• Revenue: No revenue information is available.

• Known For: Epirus is known for developing high-power microwave systems and directed energy solutions, particularly the Leonidas product line, which plays a significant role in counter-electronics and counter-UAS (unmanned aerial systems).

Products

Leonidas High-Power Microwave Systems

• Description: A software-defined, long-pulse high-power microwave (HPM) system developed to counter UAS threats by neutralizing electronic systems with precision.

• Key Features:

• Electronic Warfare: Provides both compact and sophisticated long-range and maneuver short-range defense against UAS threats.

• HPM Suite: Leonidas includes both ground-based and portable systems for a layered defense against drone swarms.

• SmartPower Technology: Ensures high power density without thermal issues and supports rapid deployment of upgrades via software.

Portable HPM Leonidas™ Pod

• Description: A modular, portable HPM system that supports multiple mounting options and can be rapidly deployed in threat environments.

• Key Features:

• Size and Portability: Compact design, suitable for various mission profiles.

• Interoperability: Integrates seamlessly with other systems for enhanced counter-electronics effectiveness.

• Defense Innovation: Supports rapid firing and continuous operation without requiring reloads.

Recent Developments

• New Products and Features:

• Epirus introduced the Leonidas Expeditionary, developed for the U.S. Marine Corps with a focus on expeditionary force needs.

• Successful integration with Anduril Industries led to new counter-UAS capabilities using Leonidas and Lattice Command and Control systems.

• Upgraded Leonidas systems with increased power and enhanced operational capabilities to meet evolving national security needs.

• Partnerships:

• Partnership with General Dynamics Land Systems for the Stryker Leonidas: integrating HPM technology with combat vehicles.

• Collaborative efforts with L3Harris Technologies to enhance tactical radio efficiency.

• An $8 million research grant in collaboration with the University of Oklahoma to develop long-distance phased array applications.

• Contracts and Funding:

• Received multiple contracts from DARPA, including for advancement of electromagnetic and radio frequency capabilities.

• Awarded a $66.1 million contract by the U.S. Army for the Leonidas™ Directed Energy System.

• Secured a $17 million contract from the U.S. Army for the development of upgraded sensor suites for HPM systems.

• Corporate Expansion:

• Opened a new office within Lawton Fort Sill’s Innovation Accelerator and Counter-UAS Hub in Oklahoma.

• Established new corporate headquarters in Torrance, California, to accommodate growth and innovation efforts.

• Raised $200 million in Series C funding to accelerate product line development and expand into commercial markets.

This report reflects the current scope of Epirus' activities as of October 2024, encompassing their strategic focus on national security solutions and technology innovation.