The stock of Israeli defense technology company Solrom surged 33.5% on the Tel Aviv Stock Exchange on Wednesday after the firm announced that the Israel Defense Forces (IDF) had successfully tested its newly developed QCL laser-based target-marking system designed for long-range operations.
The system marks a target, but unlike in action movies, no visible red or green dot appears — meaning the marked object is unaware it’s being tracked. The laser marking is visible only to the unit operating the system.
In addition, the IDF successfully tested another Solrom innovation — a self-marking system for soldiers and security personnel, intended to prevent friendly fire incidents, a recurring problem during the Iron Swords War.
Following the successful trials, Solrom said it is in negotiations for an initial military purchase order, with potential for significant follow-up contracts.
The company went public in September 2024 through a merger with the shell company 3Diem, which had previously specialized in laser printer technology. After the merger, Solrom rebranded itself as a defense firm, adapting its laser expertise for military systems and applications.
The company’s initial valuation at the time of the listing was 130 million shekels ($34 million). A year later, its market cap has soared to 485 million shekels ($127 million). Solrom's stock has risen 47% since the beginning of 2025.
Based in Israel, Solrom employs around 150 people. Its controlling shareholders are Itay Moldovsky and David Maimon.
CEO Matan Rabin said in a statement: “For the first time, we’ve demonstrated the operational feasibility of a fully developed system designed specifically for defense needs. This milestone moves us closer to receiving our first official order, with additional deals likely to follow. The test’s success reinforces Solrom's position as a leading QCL laser company providing advanced solutions for multiple military applications.”
Founded in 1987, Solrom develops and manufactures electronic and electromechanical systems for defense markets, including Israel’s naval, air, ground, and space divisions.
First published: 13:52, 10.29.25