XTEND, the creator of XOS, an autonomous operating system that transforms the ‘human-machine’ interaction paradigm, has acquired Performance Rotors, the foremost drone inspection company based in Singapore.
This strategic acquisition strengthens XTEND’s capability to deliver remote, human-guided interactive operations in various inspection contexts and extends its global footprint. The financial details of the deal remain undisclosed.
XTEND’s recent acquisition of Performance Rotors is an advancement towards its goal of making remote interactive operations available to all, across various fields including inspection, public safety, and security, according to Aviv Shapira, co-founder, and CEO at XTEND.
He expressed his delight that Keith Ng, co-founder, and CEO of Performance Rotors, along with his team, are joining the journey towards positioning XOS as the preferred operating system for controlling drones, robots, vehicles, smart devices, and machines remotely and safely.
XTEND is recognized for its groundbreaking autonomous machine systems guided by human operators that can execute precise operations in any setting with minimal training. The patented XOS operating system merges the best of human intelligence with machine autonomy to improve the operator’s capabilities while reducing injury risk.
Performance Rotors’s mission aligns with XTEND’s, as they both aim to develop drones and robotic solutions for data gathering in GPS-denied and confined spaces, without endangering human lives.
Keith Ng, co-founder, and CEO of Performance Rotors, expressed confidence in merging XTEND’s innovative XOS software with Performance Rotors’ top-tier technology to create a robust solution that addresses the pressing issues their customers face.
Chartered Group, the spearhead of the acquisition, is a forward-thinking global private equity firm that presents exceptional investment opportunities for a more green and digital world across various fields.
The acquisition of Performance Rotors will extend XTEND’s services in industrial inspection, while allowing them to broaden their expertise in oil, gas, maritime and infrastructure projects, particularly in APAC and Japan, says Eyal Agmoni, Chairman of Chartered Group.
XTEND has recently won multiple multi-million-dollar contracts with the U.S. Department of Defense and MAFAT, the Israeli Ministry of Defense’s Research & Development Directorate. These contracts utilize the XOS operating system for modernizing the use of drone technology and enabling military drone operators to remotely control smart machines with no training.