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JFB (NASDAQ: JFB) Announces XTEND and Rayonix Execute Exclusive Manufacturing and Distribution Agreement with Initial $11 Million Commitment to Expand XOS Platform into India.
Globenewswire· 2026-03-16 12:30
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]