{"id":944665,"date":"2026-03-16T11:23:19","date_gmt":"2026-03-16T15:23:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/jfb-nasdaq-jfb-announces-xtend-and-rayonix-execute-exclusive-manufacturing-and-distribution-agreement-with-initial-11-million-commitment-to-expand-xos-platform-into-india\/"},"modified":"2026-03-16T11:23:19","modified_gmt":"2026-03-16T15:23:19","slug":"jfb-nasdaq-jfb-announces-xtend-and-rayonix-execute-exclusive-manufacturing-and-distribution-agreement-with-initial-11-million-commitment-to-expand-xos-platform-into-india","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jfb-nasdaq-jfb-announces-xtend-and-rayonix-execute-exclusive-manufacturing-and-distribution-agreement-with-initial-11-million-commitment-to-expand-xos-platform-into-india\/","title":{"rendered":"JFB (NASDAQ: JFB) Announces XTEND and Rayonix Execute Exclusive Manufacturing and Distribution Agreement with Initial $11 Million Commitment to Expand XOS Platform into India."},"content":{"rendered":"
\n

\n ~ Exclusive Deal to Arm Rayonix’s India-Built UAVs with XOS ~<\/i>\n <\/p>\n

\n TAMPA BAY, Florida and NEW DELHI, India, March 16, 2026 (GLOBE NEWSWIRE) — <\/b>JFB Construction Holdings (Nasdaq: JFB) and XTEND<\/a>, a leader in software systems and AI-powered robotics, today announced XTEND has signed an $11 million manufacturing and distribution agreement with India-based defense technology company Rayonix Tech Private Limited<\/a> to expand XTEND\u2019s XOS autonomy platform into the Indian market.<\/p>\n

Under the agreement, Rayonix has been appointed XTEND\u2019s exclusive manufacturing and distribution partner for selected XTEND platforms in India. The $11 million in payments and exclusive rights are subject to the satisfaction commercial performance milestones and regulatory compliance. Under the agreement, Rayonix will establish localized manufacturing, testing, and distribution capabilities for UAV systems powered by XTEND\u2019s proprietary XOS operating system and supported by a technology transfer and operational enablement program. This agreement is part of XTEND\u2019s broader strategy for expanding its software-defined autonomy ecosystem through regional manufacturing partnerships that enable sovereign deployment under a broader unified software architecture.<\/p>\n

\n \n <\/p>\n

\u201cIndia represents one of the fastest growing defense technology markets globally, with increasing demand for sovereign manufacturing and AI-enabled autonomous systems,\u201d said Aviv Shapira, CEO and Co-Founder of XTEND<\/b>. \u201cThrough this partnership we are demonstrating our ability to enable sovereign manufacturing ecosystems while preserving the integrity of our software-first autonomy architecture.\u201d<\/p>\n

\u201cThis partnership represents an important step toward bringing XTEND\u2019s battle-proven autonomous capabilities to India,\u201d said Amit Pande, Managing Director of Rayonix Tech Private Limited.<\/b> \u201cThrough localized manufacturing, Rayonix looks forward to enabling these technologies in India while contributing to the country\u2019s broader Make in India vision for advanced defense capabilities.\u201d<\/p>\n

XTEND\u2019s XOS operating system will serve as the software backbone of UAV systems manufactured by Rayonix in India. The platform enables human-guided autonomy across multi-domain robotic systems and integrates AI-driven navigation, mission planning, and real-time operational control.<\/p>\n

\n About XTEND<\/b>\n <\/p>\n

XTEND is a leader in software systems and artificial intelligence-powered robotics, deployed in high-threat, complex operational environments where human exposure carries significant risk. Powered by its proprietary XTEND Operating System (XOS), XTEND\u2019s integrated software and advanced robotic hardware solutions are designed to provide autonomy at the edge. Operating across defense, law enforcement, and private security missions through a platform of robots, drones, and robotic subsystems, XTEND\u2019s open architecture platform facilitates scalability across partners and third-party applications. With over 10,000 systems deployed in over 30 countries, XTEND\u2019s solutions have been validated in five combat zones and operationally deployed by national defense, special-mission units, and security organizations across the globe. Founded in Tel Aviv, Israel, and headquartered in Tampa, Florida, XTEND delivers NDAA-compliant solutions through a global network of regional XFAB manufacturing facilities located in the U.S., the U.K., Singapore, Israel, and Latvia. For more information, visit www.xtend.me<\/a>.<\/p>\n

\n About JFB Construction Holdings<\/b>\n <\/p>\n

JFB Construction Holdings (Nasdaq: JFB) is a real estate development and construction company that has provided general contracting and construction management services in 36 U.S. states. For more information, visit the company\u2019s SEC filings at www.sec.gov<\/a>.<\/p>\n

\n About Rayonix<\/b>\n <\/p>\n

Rayonix Tech Private Limited (Rayonix) is an India-based defense technology company specializing in AI-driven systems and applied R&D for modern conflict environments. Rayonix builds layered operational architectures that unify fragmented assets across physical, electronic, informational, and autonomous domains \u2014 integrating advanced AI\/ML research, localized industrialization, structured deployment models, and strategic global collaborations. The company’s systems are designed to strengthen detection, decision-making, and coordinated response across complex security and critical infrastructure environments.<\/p>\n

\n Cautionary Note Regarding Forward-Looking Statements<\/b>\n <\/p>\n

This communication contains, and oral statements made from time to time by our representatives may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements regarding the timing and amount of payments made under the partnership, expectations regarding the impact of the partnership between Rayonix and Xtend, the potential transaction between Xtend Reality Expansion Ltd. (\u201cXtend\u201d) and JFB Construction Holdings (\u201cJFB\u201d), including statements regarding the expected impacts and benefits of the potential transaction, timing of the transaction closing, and strategic initiatives for Xtend AI Robotics, Inc. (\u201cNewCo\u201d) following the closing. All statements other than statements of historical facts contained in this communication may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as \u201cmay,\u201d \u201cwill,\u201d \u201coutlook\u201d, \u201cshould,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201ccould,\u201d \u201cintends,\u201d \u201ctargets,\u201d \u201cprojects,\u201d \u201ccontemplates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d \u201cpotential\u201d or \u201ccontinue\u201d or the negative of these terms or other similar expressions. The forward-looking statements in this communication are only predictions. Xtend\u2019s and JFB\u2019s management have based these forward-looking statements largely on their current expectations and projections about future events and financial trends that management believes may affect its business, financial condition and results of operations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: the transaction may not be consummated; there may be difficulties with the integration and in realizing the expected benefits of the transaction; Xtend and JFB may need to use resources that are needed in other parts of its business to do so; there may be liabilities that are not known, probable or estimable at this time; the transaction may result in the diversion of management\u2019s time and attention to issues relating to the transaction and integration; expected synergies and operating efficiencies attributable to the transaction may not be achieved within its expected time-frames or at all; there may be significant transaction costs and integration costs in connection with the transaction; the possibility that JFB will not have sufficient cash at close to satisfy the minimum cash condition; unfavorable outcome of legal proceedings that may be instituted against JFB and Xtend following the announcement of the transaction; risks inherent to the business may result in additional strategic and operational risks, which may impact Xtend\u2019s, NewCo\u2019s and JFB\u2019s risk profiles, which each company may not be able to mitigate effectively; JFB\u2019s ability to complete construction projects or other transactions on schedule and budget; changes in weather and occurrence of natural disasters and pandemics; recent imposition of tariffs by governments on construction materials, such as steel, aluminum and lumber; disruptions in supply chains; increase in the cost of labor and construction materials; JFB\u2019s ability to maintain safe work sites; Xtend\u2019s dependence on a limited number of defense and governmental security customers for a substantial portion of its business; significant delays or reductions in appropriations, Xtend\u2019s programs and certain government fundings and programs more broadly, including as a result of a prolonged continuing resolution and\/or government shutdown, and\/or related to the global security environment or other global events; increased competition within JFB\u2019s and Xtend\u2019s markets and bid protests; changes in procurement and other U.S. and foreign laws, including changes through executive orders, contract terms and practices applicable to our industry, findings by certain applicable governments as to our compliance with such requirements, more aggressive enforcement of such requirements and changes in Xtend\u2019s customers\u2019 business practices globally; the improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which Xtend participates, including the impact on Xtend\u2019s reputation and its ability to do business; cyber and other security threats or disruptions faced by Xtend and JFB, its customers or its suppliers and other partners, and changes in related regulations; and Xtend\u2019s ability to innovate, develop new products and technologies, progress and benefit from digital transformation and maintain technologies to meet the needs of Xtend\u2019s customers. In addition, a number of important factors could cause JFB\u2019s, Xtend\u2019s or NewCo\u2019s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to those important factors that will be discussed in the section entitled \u201cRisk Factors\u201d in the registration statement on Form S-4 to be filed by JFB and NewCo, as any such factors may be updated from time to time in other filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including without limitation Xtend\u2019s investor relations site at https:\/\/www.xtend.me\/newsroom<\/a> and JFB\u2019s investor relations site at https:\/\/investors.jfbconstruction.net\/<\/a>. Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, neither Xtend nor JFB undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

\n Important Information for Investors and Stockholders<\/b>\n <\/p>\n

This communication is for informational purposes only and is not intended to, and does not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any issuance or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. In connection with the transaction, NewCo and JFB will file a registration statement on Form S-4, which will include an information statement of JFB and a preliminary prospectus of NewCo. After the registration statement is declared effective, JFB will mail to its stockholders a definitive information statement that will form part of the registration statement. This communication is not a substitute for the information statement\/prospectus or registration statement or for any other document that JFB may file with the SEC and send to its stockholders in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF XTEND AND JFB ARE URGED TO READ THE INFORMATION STATEMENT\/PROSPECTUS OR REGISTRATION STATEMENT AND ANY OTHER DOCUMENT THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the information statement\/prospectus (when available) and other documents filed with the SEC by JFB through the website maintained by the SEC at http:\/\/www.sec.gov<\/a>. Copies of the documents filed with the SEC by JFB will be available free of charge on JFB\u2019s website at https:\/\/investors.jfbconstruction.net\/<\/a>.<\/p>\n

\n \u00a0JFB Construction Holdings Contact:<\/b>
\n
CORE IR
Mike Mason
516 222 2560
investors@jfbconstruction.net<\/a><\/p>\n

\n XTEND Contact:<\/b>
\n
Headline Media
Sarah Small
929 255 1449
sarah@headline.media<\/a><\/p>\n

\n XTEND Investor Relations:<\/b>
\n
MZ North America
Shannon Devine
XTEND@mzgroup.us<\/a>
203-741-8811<\/p>\n

\n Rayonix Contact:
<\/b>Shreni Sathyanesan
Media & PR
Email: shrenipanicker@rayonix.in<\/a>\u00a0
Phone: +91 89397 92592
<\/b><\/p>\n

\n Attachment<\/strong>\n <\/p>\n