JFB News & Events

JFB announced XTEND's delivery of tactical drones as part of an $8M defense contract, expandable up to $25M overall. The initial contract is for the supplying of 5,000 combat-proven systems with an option for 10,000 more. XTEND is rapidly scaling production to meet urgent operational demands in the Middle East. Next shipment is already in production.

JFB Construction Holdings (JFB) released a pre-recorded investor presentation featuring remarks from Aviv Shapira, CEO and Co-Founder of XTEND and Tal Horesh, CFO of XTEND. The additional materials are related to the previously announced all-stock business combination, through which XTEND is pursuing a U.S. public market listing by combining with JFB. Presentation Highlights: Transaction Overview: An all-stock business combination with an implied acquisition value of $1.5B, based on the price per share in the concurrent private placements. This transaction represents XTEND's path to a U.S. public market listing: XTEND is combining with JFB, a Nasdaq-listed company, to form a new publicly traded entity. With neither company "acquiring" the other, both sets of shareholders will hold equity in the combined company, XTEND AI Robotics, a Delaware company. In connection with the closing of the transaction, the combined company will be named XTEND AI Robotics and is expected to be listed on a U.S. national securities exchange under the ticker "XTND." XTEND Technology Platform: An overview of XOS, XTEND's unified operating system and hardware-agnostic mission platform, enabling human machine teaming across multiple domains through task-based autonomy and AI Pilots. Market Opportunity: XTEND addresses an estimated $67B total addressable market spanning defense, law enforcement, and private security. The company has deployed over 10,000 systems across more than 30 countries and works with leading defense and security organizations including the U.S. Department of War, UK Ministry of Defence, the Israel Defense Forces, the Singapore Army, and law enforcement customers across multiple countries. Financial Metrics: Key metrics include an approximately $500M pipeline, approximately $71M backlog as of December 31, 2025. Strategic Investors: The transaction is supported by $152M in investment commitments, with $42 million agreed to fund at signing. Strategic investors include Eric Trump, Unusual Machines (UMAC), American Ventures, Protego Ventures, Aliya Capital, and Agostinelli Group.

JFB Construction Holdings announced the rapid mobilization of its worldwide XFAB operator network to support allied defense requirements across multiple theaters of operation. With operators deploying from the United States and Latvia to the United Kingdom, XTEND is demonstrating what it means to function as a truly global defense platform. "We stand united with our allies in defending the values we share," said XTEND's Chief Executive Officer, Aviv Shapira. "Our global platform exists for moments exactly like this - to move fast, support our partners, and protect those who protect us. That mission has never been clearer."

XTEND successfully showcased its multi-drone orchestration capabilities at the Creative Defense Foundation's Disruptors in the Desert 2026. "XOS natively handles the heavy lifting of spatial cognition and autonomous data handoffs between Seeker and Effector; this cross-platform autonomous coordination entirely eliminates the friction of manual piloting," said Aviv Shapira, Co-Founder and CEO of XTEND. "By reducing operator dependency and dramatically shortening deployment timelines, XOS enables us to scale efficiently across new customers, platforms, and geographies. Its modular, software-driven architecture supports rapid integration of additional robotic assets and third-party systems, creating a foundation for recurring software adoption and long-term expansion of the XTEND ecosystem." As announced on February 17, JFB Construction and XTEND entered into a definitive agreement to combine with XTEND in an all-stock transaction.