Xer Tech Secures SEK 4.5 Million Powerline Monitoring Contract

Reuters

Nov 24

Xer Tech Secures SEK 4.5 Million Powerline Monitoring Contract

Renewable Ventures Nordic AB has announced that Xer Tech AB, its planned reverse acquisition target, has secured a contract valued at approximately SEK 4.5 million from a regional power utility company. The contract involves the delivery of a system based on Xer Tech's X8 long-endurance platform, designed for industrial, civil, and defense operations. The solution includes a suite of integrated sensors for high-precision powerline monitoring and asset management, featuring the Phase One P3 camera, Yellowscan Mapper+ LiDAR, Ofil Corona Camera, Scopito analysis software, Nextvision camera system, and Gotonomi/Viasat Satcom communication module. Delivery is scheduled in the coming weeks, with pilot and technical staff training planned at Xer Tech's Swiss facilities during December and January. The deployment aims to enhance powerline inspection and infrastructure monitoring capabilities for the client, which serves the region's mining and industrial sectors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Renewable Ventures Nordic AB published the original content used to generate this news brief via Cision (Ref. ID: 20251124:BIT:4601:0) on November 24, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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