XER TECHNOLOGIES PTE. LTD. Xer Technologies Pte. Ltd. (“Xer”) is a wholly-owned subsidiary of the Group. Xer’s Swiss subsidiary and headquarters, Xer Technologies AG, develops its own durable, long-range multirotor drones that can fly for several hours with heavy payload, and sells them to clients globally with sales made already in the US, Europe, Australia and Asia. The drones have been designed and tested for tough weather conditions, making them suitable for operations globally. Typically, Xer’s unmanned aerial system (UAS) is applied in areas such as infrastructure inspection (for example, power line inspection, offshore windmill inspection and gas emission inspection), as well as search and rescue operations and public safety applications. The Xer X8 UAV (unmanned aerial vehicle) boasts swift deployment within two minutes, leveraging its distinctive hybrid-electric technologies to carry advanced payloads such as high-end optical cameras, LiDAR (Light Detection and Ranging), IR-, corona-, or multispectral cameras, magnetometer, ISR (intelligence, surveillance and reconnaissance). The UAS can navigate adverse weather conditions and sustain flights for 2.5 hours with a 3 kg payload, or a total payload of up to 7 kg. The use of the X8 UAV can dramatically reduce energy use, costs, CO2 emissions and risk to life, as compared to manned, heavier aircraft. These characteristics make the X8 UAS particularly suitable for beyond-visual-line-of-sight (BVLOS) operations for infrastructure inspection, including power lines, offshore windfarms, oil & gas assets, railroad, and other remote industrial structures. Xer has established close collaboration with a number of leading-edge technology companies, including with: • Phase One, a global leader in high-end imaging technology; • YellowScan, a leader in UAV LiDAR solutions. In 2024, Xer integrated the YellowScan Navigator bathymetric surveying system with the Xer X8, enabling unprecedented long-range bathymetric surveys and inspections. Missions with this payload were flown in five countries in 2024; • GeoCue, a leading provider of scalable long-range LiDAR and imagery drone mapping technology, to integrate its TrueView 720 LiDAR and imagery sensor with the Xer X8; • Sierra-Olympia Technologies Inc., to integrate their Optical Gas Imaging cameras such as the Ventus OGI, for gas detection; • PERGAM-SUISSE AG, to use their TDLAS technology for very detailed measurements of gas emissions from the air; 1 Source: Grand View Research, "Commercial Drone Market Worth $501.4 billion by 2028: CAGR: 57.5%”, April 2021 • Workswell, to integrate their Wiris Enterprise into a wildfire management system for improved capabilities in early detection, rapid response, and strategic wildfire management; • Scopito, to deliver highquality, actionable data to powerline operators; and • LINIA, to offer their stateof-the-art automation inspection software as an integrated solution. In 2024, Xer has gone on the exhibitions circuit at key drone shows, including the UMEX Expo in Abu Dhabi, the XPONENTIAL Show in San Diego, the UAS Denmark Test Center and Odense Robotics, the Energy Drone & Robotics Coalition Summit in Houston, Texas, the APSCON in Houston, the Commercial UAV News Expo in Las Vegas, the Commercial UAV News webinar that covered the EU, and the SPRINT Robotics World conference in Antwerp, Belgium. Flights with Xer X8 were conducted in over 10 countries in 2024. Research suggest that the total global commercial drone market size is anticipated to reach US$501.4 billion by 2028, registering a Compound Annual Growth Rate (CAGR) of 57.5% from 2021 to 2028.1 4 7 Rex International Holding Limited
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