Israeli Co XTEND Acquires Drone Startup Performance Rotors

- Advertisement -

The combination of the startup’s drones and robotics and XTEND’s XOS operating system aim to make remote interactive operations possible even in GPS-denied, confined spaces

Israeli drone software company XTEND recently announced the acquisition of a Singapore drone startup Performance Rotors. Not revealing the financial terms of the deal, the company said that the move will boost its ability to offer human-guided, remote interactive operations in a range of inspection scenarios, and grow its global business.

The parties believe that the combination of the startup’s drones and robotics and XTEND’s XOS operating system will make remote interactive operations possible even in GPS-denied, unsafe, or confined spaces.

- Advertisement -

Keith Ng, the co-founder and CEO of the drone startup said, “(Our) mission has always been to develop drones and robotics solutions for data acquisition in GPS-denied and confined space environments, without the risk to human lives.”

XTEND noted that Performance Rotors was founded in 2016, and secured funding from the Singapore Economic Development Board’s corporate venture-building arm, EDB New Ventures, in 2021. It also raised funds from a Dutch multinational company Royal Vopak in 2020.

Co-founder and CEO of XTEND, Aviv Shapira remarked, “Every day, people risk their lives to make our world safer. Inspection is just one area, among many, where machines, robots and drones can be used to accomplish what people can’t, in a more economical, efficient and safer manner.”

Singapore-based drone startup Performance Rotors develops small, smart aerial drone solutions for deployment in challenging confined space environments. It aims to harness the power of custom-designed drones, AI and data analytics to streamline operations, reduce costs, and eliminate hazards in heavy industries.

XTEND claims to provide revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training.


 

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Report Suggests India’s EV Sales Will Surge, Rising 66% In 2024

0
In 2023, sales of electric vehicles (EVs) in India almost doubled due to increased consumer interest, government actions, better infrastructure, and climate change worries....

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

Buzz

CleanMax Alliance With Apple To Boost Renewable Energy In India

0
These installations are anticipated to reduce approximately 207,000 tons of CO2 emissions over their operational lifespan. CleanMax announced a significant joint venture with technology giant...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

Microsoft’s $1.5B AI Venture In UAE Stirs Global Interest

0
New partnership with G42 promises transformative AI advancements in emerging markets, impacting tech and geopolitics. Microsoft has announced a strategic $1.5 billion investment in UAE-based...

Important Sectors

CleanMax Alliance With Apple To Boost Renewable Energy In India

0
These installations are anticipated to reduce approximately 207,000 tons of CO2 emissions over their operational lifespan. CleanMax announced a significant joint venture with technology giant...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Raptee’s Cell Chemistry Extends Battery Life, Says Dinesh Arjun

0
The Co-founder and CEO of Raptee disclosed that the company is currently sourcing its cells from a variety of countries. Dinesh Arjun, the Co-founder and...

Manufacturing

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

JJG Aero Secures $12 Million Investment From CX Partners

0
The Bengaluru-based aerospace components manufacturer intends to use the funds primarily to enhance vertical integration, increase production capacity at the new site, and support...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...