Take heed to this text

XTEND, the developer of XOS, an working system that serves as a human extension to assist customers that haven’t any flight expertise function drones, has acquired Efficiency Rotors, a Singapore-based drone inspection firm. The monetary phrases of the settlement weren’t disclosed. 

This acquisition will assist to spice up XTEND’s capacity to supply human-guided, distant interactive operations in a spread of inspection eventualities and develop its world enterprise.

XTEND’s system makes use of digital actuality, sensor fusion and its patented Mark & Fly expertise to empower customers with little or no flight expertise to make higher choices whereas flying drones. The system is designed to be wearable, cell and light-weight, and may be managed with single-hand, pure hand gestures. 

“Our acquisition of Efficiency Rotors marks the most recent step in furthering XTEND’s imaginative and prescient of constructing distant interactive operations accessible to everybody, in a spread of eventualities, together with inspection, public security and safety,” Aviv Shapira, co-founder, and CEO at XTEND, mentioned. “Every single day, folks threat their lives to make our world safer. Inspection is only one space, amongst many, the place machines, robots and drones can be utilized to perform what folks can’t, in a extra economical, environment friendly, and safer method. We’re delighted that Keith Ng, Efficiency Rotors’ co-founder and CEO, and his staff are becoming a member of XTEND on our journey in direction of making XOS the working system of alternative for controlling drones, robots, automobiles, good units, and good machines remotely, safely, and intuitively.”

Efficiency Rotors affords drone asset inspection providers for a wide range of industries, together with oil & gasoline, maritime, and infrastructure inspections. The corporate additionally affords aerial providers, like aerial pictures and videography, and digitalization providers. 

“Efficiency Rotors’s mission has at all times been to develop drones and robotics options for information acquisition in GPS-denied and confined area environments, with out the chance to human lives,” Keith Ng, co-founder, and CEO of Efficiency Rotors, mentioned. “Our in depth consumer base spans most of the world’s main oil and gasoline, maritime and infrastructure tasks, and our {hardware} is getting used throughout the World, significantly in APAC. We’re assured that combining XTEND’s revolutionary XOS software program with our world-class expertise brings the perfect of the business collectively in a single highly effective and easy-to-use resolution that comprehensively addresses the vital challenges dealing with our clients right this moment.”

Chartered Group, a world personal fairness agency, led the acquisition. The group supplies funding funds and alternatives for a greener and extra digitized world. 

“The acquisition of Efficiency Rotors not solely enriches XTEND’s providing in industrial inspection, however it is going to additionally allow Aviv and his staff to additional diversify their experience in oil and gasoline, maritime and infrastructure tasks, and develop XTEND’s software program enterprise globally, significantly right here in APAC and Japan,” Eyal Agmoni, Chairman of Chartered Group, mentioned.