Xalles Holdings Inc. (OTC:XALL) Stock Extends Fall: Here is Why

There are certain developments that almost always bring attention to a company from investors, and one of those is expansion. Recently, one of the companies to have hit the news cycle for such a development is Xalles Holdings Inc. (OTC:XALL). The dynamic company, involved in the technology and financial services sectors, announced on December 1 that it had completed the acquisition of the firm Artemis Defense Technologies UK Ltd.

In the news release, Artemis was described as a leading player in unmanned or unmanned systems technology. The technology is particularly known for its advanced automated solution designs and artificial intelligence.

It was a significant new acquisition for the company since it signified the establishment of a security business at Xalles. Artemis would be turned into a fully owned subsidiary unit and boost Xalles’ portfolio with its security and defense technologies. In this context, it ought to be noted that Artemis is run by a team of innovative scientists and engineers who are committed to the advancement of national security, defense, and emergency response.

“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.”

Artemis made it its mission to provide pragmatic and adaptable solutions for the purpose of boosting the effectiveness of operations. It also seeks to take care of the emerging challenges in the security space.

The Chief Executive Officer and Chairman of Xalles Holdings, Thomas Nash, spoke about the development as well. He noted that the acquisition was a prime example of the deployment of the company’s RISE business model that had been put in place. He noted that the management of Xalles had identified the technologies offered by Artemis as high-demand ones. The company did so through a look into its product offerings as well as consulting work that Artemis had performed in the drone technology space, in addition to scanning technologies and artificial intelligence systems.