Completion and Delivery of $8.8 million U.S. Government Contract Demonstrates XTEND's Systems for Operational Deployment with U.S. Special Operations Forces TAMPA BAY, Fla., March 23, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) and XTEND, a leader in software systems and artificial intelligence-powered robotics, today announced that XTEND has successfully completed a critical U.S. Government operational milestone, demonstrating the performance of XTEND's systems in combat-relevant testi ...

Core Insights - XTEND has signed an $11 million manufacturing and distribution agreement with Rayonix Tech Private Limited to expand its XOS autonomy platform into the Indian market [1][2][4] - Rayonix will serve as the exclusive manufacturing and distribution partner for selected XTEND platforms in India, establishing localized manufacturing and distribution capabilities for UAV systems [2][4] - The partnership aligns with India's growing defense technology market and the "Make in India" initiative, emphasizing the demand for sovereign manufacturing and AI-enabled autonomous systems [4][7] Company Overview - XTEND is a leader in software systems and AI-powered robotics, with over 10,000 systems deployed in more than 30 countries, validated in five combat zones [5] - The company's proprietary XTEND Operating System (XOS) enables human-guided autonomy across multi-domain robotic systems, integrating AI-driven navigation and mission planning [4][5] - Rayonix Tech Private Limited specializes in AI-driven systems and applied R&D for modern conflict environments, focusing on strengthening detection and decision-making across complex security scenarios [7] Strategic Implications - The agreement is part of XTEND's broader strategy to expand its software-defined autonomy ecosystem through regional manufacturing partnerships [2] - The localized manufacturing initiative is expected to enhance operational capabilities in India while contributing to the country's advanced defense capabilities [4][7] - This partnership demonstrates XTEND's commitment to enabling sovereign manufacturing ecosystems while maintaining the integrity of its software-first autonomy architecture [4]

Core Viewpoint - JFB Construction Holdings announced a 2-for-1 stock split effective March 24, 2026, aimed at enhancing trading liquidity and aligning capital structure in connection with a $1.5 billion all-stock business combination with XTEND [1][3][5]. Stock Split Details - The stock split will take effect for stockholders of record as of March 23, 2026, with each share of JFB common stock automatically split into two shares [2][6]. - Trading on a split-adjusted basis will commence after market close on March 23, 2026, under the existing ticker symbol "JFB" [3][6]. - The total market capitalization and proportionate ownership of stockholders will remain unchanged, increasing outstanding shares from approximately 7,014,090 million to 14,028,180 million [4][6]. Strategic Rationale - The stock split is a strategic move to prepare for the public offering of XTEND AI Robotics, aiming to enhance accessibility for investors and align the share structure with the anticipated investor base [5][8]. - The merger with XTEND is expected to close in mid-2026, with the combined entity to be renamed XTEND AI Robotics and trade under the ticker symbol "XTND" [8]. Company Background - JFB Construction Holdings is a real estate development and construction company providing services across 36 U.S. states [8]. - XTEND is a software-first defense technology company focused on creating a unified operating ecosystem for human-guided autonomy across various domains [9].

Core Viewpoint - JFB Construction Holdings has announced a 2-for-1 stock split to enhance trading liquidity and align its capital structure in connection with a proposed $1.5 billion all-stock business combination with XTEND, a defense technology company [1][3][5]. Stock Split Details - The stock split will take effect on March 20, 2026, for stockholders of record as of March 19, 2026, with each share automatically splitting into two shares [2][6]. - Following the split, the number of outstanding shares will increase from approximately 7,014,090 shares to about 14,028,180 shares, while the total market capitalization and ownership interest of stockholders will remain unchanged [4][6]. Business Combination Context - The stock split is part of the preparation for the business combination with XTEND, which is expected to close in mid-2026, resulting in the combined entity being renamed XTEND AI Robotics and trading under the ticker symbol "XTND" [3][8]. - The merger is subject to customary closing conditions and regulatory approvals [8]. Company Background - JFB Construction Holdings is a real estate development and construction company that has provided services across 36 U.S. states [8]. - XTEND focuses on software-first defense and security technology, aiming to create a unified operating ecosystem for human-guided autonomy across various domains [9][10].

Core Insights - XTEND has successfully delivered tactical drones under an $8 million defense contract, which can expand to $25 million, to a government defense customer in the Middle East [2][3] - The initial order includes 5,000 combat-proven systems with an option for an additional 10,000 units, indicating a strong demand for rapidly deployable robotic systems [1][3] - Production is being scaled rapidly to meet urgent operational demands, with the next shipment already in production [2][3] Company Overview - XTEND specializes in software systems and AI-powered robotics, particularly in high-threat operational environments [10] - The company’s robotic platforms are powered by the proprietary XOS operating system, which supports advanced robotics capabilities and scalability [6][10] - XTEND has over 10,000 systems deployed in more than 30 countries, validated in five combat zones, and serves various sectors including defense and law enforcement [10] Industry Context - There is an accelerating demand for robotic systems across defense organizations globally, driven by the need for rapid deployment and operational efficiency [3][7] - The focus of future robotics development will not only be on the quantity of drones deployed but also on the intelligence and integration of these systems into operational environments [7]

Core Insights - The merger between JFB Construction Holdings and XTEND will create a new entity named "XTEND AI Robotics," which will be listed on a U.S. national securities exchange under the ticker "XTND" [1][6][7] - The transaction has an implied acquisition value of $1.5 billion and is supported by $152 million in investment commitments from strategic investors [6][7] - XTEND operates in a total addressable market estimated at $67 billion, focusing on defense, law enforcement, and private security sectors [6][8] Business Overview - JFB Construction Holdings is a real estate development and construction company, while XTEND specializes in software systems and AI-powered robotics [1][6] - The combined company will leverage JFB's established U.S. infrastructure and construction expertise alongside XTEND's advanced technology solutions [1][6] Financial Metrics - XTEND has a pipeline valued at approximately $500 million and a backlog of about $71 million as of December 31, 2025 [6] - The merger is expected to enhance financial performance and market presence for the newly formed entity [6] Market Opportunity - XTEND has deployed over 10,000 systems across more than 30 countries, collaborating with major defense and security organizations, including the U.S. Department of War and the UK Ministry of Defence [6][8] - The company aims to address the growing demand for autonomous solutions in high-threat environments [8] Strategic Investors - The transaction is backed by notable strategic investors, including Eric Trump and American Ventures, LLC, among others [6]

Summary of XTEND AI Robotics Conference Call Company Overview - **Company Name**: XTEND AI Robotics - **Industry**: Defense and Security Robotics - **Key Participants**: Aviv Shapira (Co-Founder and CEO), Tal Horesh (CFO) [1][4] Core Business and Technology - XTEND is recognized as a leader in AI robotics, particularly in defense applications, with over 10,000 systems deployed in 32 countries [2][14] - The company’s technology, XOS (XTEND Operating System), integrates AI autonomy with human intent, enabling coordinated robotic actions [2] - XTEND's drones operate with varying levels of autonomy, from manual control to full autonomy, allowing for complex mission execution without pilot training [3][10][11] Recent Developments - XTEND announced a merger with JFB Construction Holdings on February 17, 2026, with an implied transaction value of $1.5 billion [4][5] - The merger aims to enhance XTEND's manufacturing capabilities and accelerate the introduction of autonomous robotic technology to public markets [5][18] Financial Metrics and Market Opportunity - The combined company will trade under the ticker symbol XTND on a U.S. national security exchange [5] - XTEND has a pipeline of approximately $500 million in identified opportunities and a backlog of $71 million in contracted commitments expected to be delivered over the next 24 months [16] - The addressable market for XTEND is estimated at $67 billion, covering defense, law enforcement, and private security sectors [14] Strategic Vision and Growth Plans - XTEND aims to establish XOS as the leading operating system for unmanned fleets across various domains [16] - The company plans to expand its XFAB manufacturing network globally, enhancing production and customer support capabilities [15][17] - The merger is expected to provide access to U.S. public capital markets and facilitate the development of a vertically integrated American-made defense technology platform [18] Key Contracts and Partnerships - XTEND has secured a multi-million dollar contract with the Department of War for multi-domain aerial drones, aligning with U.S. defense initiatives [15] - The company is one of 25 vendors selected for the Department of War's Drone Dominance Program, aimed at scaling drone capabilities [14] Conclusion - XTEND is positioned to capitalize on the growing demand for autonomous robotic systems, supported by strategic partnerships and a robust pipeline of opportunities [19] - The merger with JFB Construction is seen as a pivotal step in scaling operations and enhancing the company's market presence [18]

AI ROBOTICS FOR A SAFER WORLD © 2026 XTEND. ALL RIGHTS RESERVED. IMPORTANT INFORMATION FOR INVESTORS This presentation (this "Presentation") is for informational purposes only to assist interested parties in making their own evaluation with respect to the potential transaction between the XTEND Reality Expansion Ltd. (together with its subsidiaries, the "Company", "we", "our" or "us") and JFB Construction Holdings ("JFB"). The information contained herein does not purport to be all-inclusive and none of the ...

Core Viewpoint - JFB Construction Holdings and XTEND are rapidly mobilizing their global XFAB operator network to support allied defense requirements, demonstrating their capability as a unified global defense platform [1][3][4]. Company Overview - JFB Construction Holdings is a real estate development and construction company operating in 36 U.S. states, providing general contracting and construction management services [7]. - XTEND specializes in software systems and AI-powered robotics, designed for high-threat operational environments, with over 10,000 systems deployed in more than 30 countries [8]. Recent Developments - XTEND's global XFAB network is designed for rapid, distributed responses to defense needs, with certified operators and infrastructure across multiple countries [3]. - The company is currently supporting urgent operational requirements from allied defense ministries, showcasing the scalability of the XFAB platform [4]. - On February 17, JFB and XTEND announced a definitive agreement for an all-stock business combination, which will result in the new entity being named XTEND AI Robotics and listed under the ticker "XTND" [6]. Leadership Statements - XTEND's CEO, Aviv Shapira, emphasized the company's commitment to supporting allies and the importance of their global platform in responding to defense needs [4].

Powered by XTEND’s proprietary XOS platform, the Seek & Strike demonstration validates scalable, human-guided autonomous fleets for complex defense missions Previously Announced: XTEND and JFB Construction to Combine in All-Stock Transaction, Backed by Strategic Investors; Expected to Close in the first half of 2026 and List on a U.S. national exchange as “XTND” TAMPA BAY, Fla., Feb. 27, 2026 (GLOBE NEWSWIRE) -- XTEND, a leader in software systems and artificial intelligence-powered robotics, deployed in hi ...