Correction: Renewable Ventures Nordic AB’s planned acquisition target Xer Tech AB receives order from DelMar Aerospace Corporation following successful three-month field trial

Renewable Ventures Nordic AB (RVN) entered a binding reverse-acquisition agreement to buy Xer Tech AB on Nov. 11, 2025, and corrected a prior release to state that Xer Tech has secured an order from DelMar Aerospace following a three-month operational lease and field trial with Perspectum; DelMar purchased the commercial X8 system (no payloads) including a spare engine and long-range antenna for approximately SEK 1.4 million. Xer Tech successfully integrated Sierra Olympia’s OGI sensor for methane-detection missions across pipelines and facilities, and with recent Canadian regulatory changes that broaden pilot eligibility — combined with the X8’s BVLOS-ready, long-endurance hybrid-electric design — the transaction demonstrates early commercial traction and could accelerate Xer Tech’s expansion into North American energy, infrastructure and defense markets through DelMar’s operational and training capabilities.

Analysis

Renewable Ventures Nordic AB entered a binding reverse-acquisition agreement to acquire Xer Tech AB on November 11, 2025, and issued a correction to clarify that Xer Tech received a confirmed order from DelMar Aerospace for the commercial X8 system valued at approximately SEK 1.4 million following a three-month operational lease and field trial with Perspectum Drone Inspection Services. The order comprises the aircraft, a spare engine and a long-range antenna and excludes payloads; DelMar had integrated Sierra Olympia’s Optical Gas Imaging (OGI) sensor during the trial prior to purchase.

Xer Tech’s successful sensor integration and the X8’s modular, BVLOS-ready hybrid-electric architecture were used in methane-detection missions across pipelines and oil facilities, and recent Canadian regulatory changes expanding pilot eligibility reduce adoption barriers. Management cites exploration of multi-sensor configurations and combined operational-training capabilities with DelMar, positioning Xer Tech for inspections in energy, infrastructure and defense segments in North America.

Strategically this is early commercial validation rather than a material revenue event: SEK 1.4 million is modest relative to large infrastructure or defence contracts, and meaningful upside depends on closing the RVN transaction, repeatable orders, and deeper penetration via DelMar’s FAA-linked operations. Key near-term risks include execution of the reverse acquisition, scaling manufacturing and securing follow-on contracts or defense procurement pathways to convert proof-of-concept wins into recurring revenue.

Key Decisions for Investors

• Monitor completion and terms of the RVN reverse-acquisition as the primary corporate event that will determine equity exposure and consolidation of Xer Tech into RVN
• Treat the SEK 1.4m DelMar purchase as technical validation but not proof of commercial scale; await multiple follow-on orders or recurring service contracts before increasing position size
• Watch regulatory milestones in Canada and adoption signals from DelMar (multi-sensor integrations, BVLOS deployments, and U.S. defense engagement via Pendleton) as the main catalysts for North American revenue growth
• Maintain disciplined sizing and consider hedging or limiting exposure until Xer Tech demonstrates repeatable sales, manufacturing scalability, and clear evidence that the DelMar relationship yields materially larger contracts