Artemis Defense Technologies will be first entity in new Xalles Security business group
Xalles 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 completion of the acquisition. This strategic move is expected to pave the way for significant asset appreciation and an increase in shareholder value, aligning with the companies' growth objectives.
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a leading holding company, specializing in innovative technology and financial service solutions. Focused on growth and diversification, Xalles Holdings is committed to developing cutting-edge technology-based solutions across various sectors, with an emphasis on supporting disruptive companies. Utilizing its proprietary Xalles RISE Business Model™, the company actively seeks acquisition targets with solid management teams, robust business models, expansive total attainable markets (TAM), and enticing exit opportunities. Emphasizing the integration of blockchain and cutting-edge technologies, Xalles provides industry-leading solutions, poised to capture recurring revenue streams over time. Discover more at Xalles.com.
About Artemis Defense Technologies UK Ltd.
Artemis Defense Technologies UK Ltd. is at the forefront of Uncrewed (Unmanned) Systems, dedicated to enhancing capabilities in defense, national security, and emergency services. The company distinguishes itself through its adaptability and effectiveness in tackling complex challenges related to safeguarding freedoms. With a team skilled in Uncrewed (Unmanned) Aircraft Systems (UAS), advanced sensor technologies, and innovative solutions in Free Space Optics (FSO) and satellite navigation, Artemis has made significant strides in airborne autonomous technologies and applications in missile defense and quantum computing. For more information, visit www.artemisdefensetechnologies.com
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