Business
Xalles Holdings Expands with Key Acquisition of Uncrewed (Unmanned) Systems Innovator Artemis Defense Technologies
Xalles Holdings Expands with Key Acquisition of Uncrewed (Unmanned) Systems Innovator Artemis Defense Technologies.
About this update from Xalles Holdings Inc.
[{"type":"text","content":"Artemis Defense Technologies will be first entity in new Xalles Security business groupXalles Holdings Inc. (“Xalles”) (OTC: XALL), a dynamic holding company in technology and financial services, today proudly announces its strategic acquisition of Artemis Defense Technologies UK Ltd. (“Artemis”), a leading company in Uncrewed (Unmanned) Systems technology known for its advanced AI and automated solution designs.This acquisition heralds the creation of a new Security business group within Xalles, with Artemis set to become a key wholly owned subsidiary, enhancing the company's portfolio with defense and security technologies.Artemis, driven by a team of visionary engineers and scientists, is committed to advancing defense, national security, and emergency services. Their mission is to deliver adaptable, pragmatic solutions that enhance operational effectiveness and address the evolving challenges in safeguarding freedoms.Artemis is renowned for its expertise in designing and engineering cutting-edge technologies, including custom platforms, rapid prototyping, and global technical consultancy in Uncrewed (Unmanned) Systems. Their collaborative work with global security agencies, allied governments, law enforcement, and key industry players showcases their extensive influence and broad impact.Carl Cagliarini, CEO of Artemis Defense Technologies, expressed enthusiasm about the company's new phase of growth, stating, “The Artemis team is thrilled to embark on this journey of expansion, both in the US and internationally. After dedicating years to research and product development, our recently established corporate entity, Artemis, amalgamates a vast array of intellectual property and expertise. We are honored to be the inaugural company in the Xalles Security business group, leading the way with our innovative solutions.”“This acquisition is a great example of our RISE business model in action,” stated Thomas Nash, Xalles CEO and Chairman. “We identified the Artemis technologies as being in high demand now given their product offerings and consulting performed in the areas of drone technology, AI systems and scanning technologies.”Following the execution of the definitive Share Exchange Agreement between Artemis and Xalles, which will see Artemis become a wholly owned subsidiary of Xalles, both companies are anticipating a swift com...