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XTEND acquires drone inspection firm Efficiency Rotors

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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 skill to supply human-guided, distant interactive operations in a variety of inspection situations and develop its international enterprise.

XTEND’s system makes use of digital actuality, sensor fusion and its patented Mark & Fly know-how to empower customers with little or no flight expertise to make higher choices whereas flying drones. The system is designed to be wearable, cellular 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 creating distant interactive operations accessible to everybody, in a variety of situations, together with inspection, public security and safety,” Aviv Shapira, co-founder, and CEO at XTEND, mentioned. “On daily basis, individuals danger 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 individuals 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 group are becoming a member of XTEND on our journey in direction of making XOS the working system of selection for controlling drones, robots, autos, sensible gadgets, and sensible machines remotely, safely, and intuitively.”

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

“Efficiency Rotors’s mission has all the time been to develop drones and robotics options for information acquisition in GPS-denied and confined house environments, with out the danger to human lives,” Keith Ng, co-founder, and CEO of Efficiency Rotors, mentioned. “Our intensive consumer base spans lots of the world’s main oil and gasoline, maritime and infrastructure initiatives, and our {hardware} is getting used throughout the World, notably in APAC. We’re assured that combining XTEND’s revolutionary XOS software program with our world-class know-how brings one of the best of the business collectively in a single highly effective and easy-to-use resolution that comprehensively addresses the vital challenges going through our clients immediately.”

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 should additionally allow Aviv and his group to additional diversify their experience in oil and gasoline, maritime and infrastructure initiatives, and develop XTEND’s software program enterprise globally, notably right here in APAC and Japan,” Eyal Agmoni, Chairman of Chartered Group, mentioned. 



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