Xeriant, Inc., a company dedicated to the discovery, development, and commercialisation of transformative technologies, today announced it has entered into a Memorandum of Understanding (MOU) with UAV Corp. to potentially pursue a strategic combination through a merger or acquisition and to explore advanced space-age materials integration.

Under the MOU, Xeriant was selected as the ideal partner due to its proprietary advanced materials technology, including the DUREVER platform with NEXBOARD and fire-resistant composites, which can significantly enhance UAV Corp.'s lighter-than-air airships and drone platforms by enabling lighter, stronger, and more fire-resistant designs.

The envisioned transaction would create a combined entity with complementary strengths in advanced materials, quantum AI, hybrid propulsion, and unmanned aerial systems, with the goal of uplisting to Nasdaq or the NYSE. UAV Corp., through its subsidiary Skyborne Technology, specialises in innovative lighter-than-air tethered airships (including the DART Series) and is actively exploring applications in swarm drones, persistent surveillance, disaster relief, and space-related missions, including potential use on near-space Moon-Mars initiatives, where helium-3 (H3) is prevalent and could be leveraged for advanced propulsion, energy systems and new advanced structures for terrestrial or space based efforts.

Brig. Gen. Blaine Holt, President of Factor X, Xeriant's advanced research and innovation hub, stated, "We are excited to partner with UAV Corp. Our advanced nanomaterials and fire-resistant composite technologies are a natural fit to optimise the weight, durability, and performance of UAV's airships and drones. This relationship will position both companies to accelerate innovation across aerospace, defence, and emerging space applications while advancing toward a major exchange listing."

Michael Lawson, CEO of UAV Corp., added, "Xeriant's cutting-edge materials will help us develop lighter, more capable platforms for swarm drone operations and long-duration missions, including future applications in space environments like Near Space and Moon/Mars initiatives. Further, with the location of UAV Corp's company owned airport in a Space Port corridor, it makes sense the continuation of reaching Near-Space and beyond goals. Together we can deliver breakthrough solutions for government, commercial, and humanitarian needs."

The MOU outlines a period for due diligence, negotiation of a definitive agreement, and planning for a potential combination.