Welcome to our dedicated page for Xylo Technologies news (Ticker: XYLO), a resource for investors and traders seeking the latest updates and insights on Xylo Technologies stock.
Xylo Technologies Ltd. (formerly Nasdaq: XYLO) has described itself in public communications as a technology-based company engaged in advanced innovative technologies, with a focus on growth partnerships in advanced medical solutions, digital commerce, and electric vehicle markets. Its news flow provides insight into developments across a portfolio of affiliated companies in these sectors.
Company announcements highlight activities in electric vehicles and charging through Charging Robotics, Inc. and Revoltz Ltd. News items include commercial orders and pilot deployments for automatic wireless EV charging systems in robotic parking facilities, as well as the launch and regulatory approval of the PORTO EV micro-vehicle for last-mile delivery in Israel. Additional coverage describes Revoltz’s development of a three-wheel electric cargo bike tailored for European and UK markets, emphasizing stability, payload capacity, and suitability for urban logistics.
In digital commerce and ad-tech, Xylo-related news includes updates on Viewbix Inc., a global developer of ad-tech technologies in which Xylo holds an indirect stake through Gix Internet Ltd. Releases describe Viewbix’s operations in search and digital content, its software for campaign automation and monetization, and milestones such as approval for listing on the Nasdaq Capital Market under the symbol VBIX.
News items also cover Xylo’s exposure to aerospace and drone safety through ParaZero Technologies Ltd., including orders from a Tier 1 defense company for drone safety systems intended for medical and defense missions, and Xylo’s participation in a securities purchase agreement for additional ParaZero shares and pre-funded warrants.
In addition to operational updates from affiliates, Xylo’s news archive includes corporate and capital markets events such as an ADS ratio change resulting in a reverse split of its American Depositary Shares, and later, announcements about a court-approved arrangement under which L.I.A. Pure Capital Ltd. acquired all outstanding share capital. Subsequent filings and releases explain the planned and then completed delisting of Xylo’s ADSs from Nasdaq and the termination of its SEC registration.
Readers using this news page can review historical press releases covering EV charging deployments, micro-mobility product launches, ad-tech milestones, drone safety contracts, financing transactions, and the company’s transition from a Nasdaq-listed issuer to a wholly owned subsidiary of L.I.A. Pure Capital Ltd.
Xylo Technologies announces that Charging Robotics, a company it owns a 67% stake in, has received its first commercial order for its wireless EV charging systems from Parking Design. This order entails the deployment of 12 systems in automatic parking facilities, to be fulfilled throughout 2025. The wireless charging system uses AI and machine learning to optimize EV charging, ensuring efficient and prioritized energy distribution. This innovation aims to enhance the convenience and sustainability of automated parking solutions. A pilot project was recently completed in Tel Aviv, marking a significant milestone in their collaboration.
Xylo Technologies (Nasdaq: XYLO) announced that its subsidiary Gix Internet (45.75% owned by Xylo, TASE: GIX) signed a non-binding MOU with a robotics company specializing in AI autonomous robotics for medical logistics. The MOU outlines a share exchange transaction, where the robotics company will become a wholly-owned subsidiary of Gix. The completion of this transaction is expected to provide Gix with growth opportunities and technological advancements in AI and robotics. Shareholders of the robotics company will receive 30% of Gix's ordinary shares, with options to increase holdings to 37.5% and 45% upon meeting specific commercial milestones.
Xylo Technologies announced that its 19.99% owned subsidiary, Metagramm Software, completed the development of Bubbl, an advanced AI-powered writing tool. Bubbl employs Machine Learning, Natural Language Processing, and Deep Learning to offer personalized text writing and rewriting, setting it apart from other AI tools. The tool features a clean design and various user modes, including interactive re-write and grammar-only modes. It supports multiple writing profiles, such as Business, Medical, Academic, and Blogging, each with tailored assistance. Bubbl will launch for select users in Q3 2024.
Xylo Technologies (Nasdaq: XYLO) has signed a letter of intent (LOI) to acquire a leading AI technology company based in Germany. This acquisition aims to expand Xylo's portfolio into advanced AI technologies such as predictive maintenance and condition monitoring. The target company has been a European leader for over a decade, providing AI and machine learning solutions to various global industries including aerospace, aviation, transportation, real estate, and security. Xylo will make a down payment of 1.5 million Euros and initially acquire 51% of the target company's shares, with the remaining 49% contingent on the company's 2024 EBITDA results. This strategic move was facilitated by Xylo's newly appointed senior advisor, an expert in AI with a distinguished career in both academia and industry.
Xylo Technologies (Nasdaq: XYLO) announced that Charging Robotics (OTC: FDOCD), 67% owned by Xylo, in collaboration with Make My Day, has reached the final development stage of an AI-based EV charging management system.
This system addresses the challenge of insufficient electricity supply for EV charging in automatic car parks by using machine learning algorithms to prioritize and optimize charging sequences based on parameters such as departure time, vehicle type, and driving style.
The system integrates seamlessly with Charging Robotics’ wireless charging setup and was recently piloted in Tel Aviv, Israel.
CEO Hovav Gilan emphasized the value this feature adds for future customers.
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