XTEND Acquires Singapore Drone Inspection Specialists Performance Rotors

XTEND – the developer of XOS, a human-guided autonomous operating system, has acquired Performance Rotors, the Singapore-based drone inspection specialists, in a move that will boost XTEND's ability to offer human-guided, remote interactive operations in a range of inspection scenarios, and grow its global business.

Financial terms of the transaction were not disclosed.

Aviv ShapiraKeith Ng

XTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. XTEND's patented XOS operating system enables effective, practical autonomy, by fusing the best of human intelligence and machine autonomy, to enhance the operator's abilities, and simultaneously reduce the risk of injury. Allowing professionals to control drones and smart machines and carry out complex tasks that require human interaction and decision-making safety and remotely.

Keith Ng

Chartered Group, who led the acquisition, is an innovative global private equity firm, which provides extraordinary global investment funds and opportunities for a greener and more digitalized world across several disciplines. Eyal Agmoni Chairman of Chartered Group adds:

Japan

Alongside expanding application of its easily programmable and configurable XOS operating systems into inspection, public safety, security, and other civilian markets, the XTEND team have recently been awarded several multi-million $ contracts with the U.S. Department of Defense and MAFAT, the Israeli Ministry of Defense's Research & Development Directorate, to modernize their use of drone technology. In both cases, XOS is already enabling military drone operators to interactively operate multiple smart machines from a remote, safe distance, with zero training.

Source: Press Release