Highlights

• Nanoveu has completed its 100% acquisition of Singapore-based Spinoff Robotics, gaining the ALICE and METRON drone platforms

• The acquisition provides an integrated development and testing platform for EMASS's ECS-DoT edge-AI silicon in the drone sector

• Shares in Nanoveu traded at 0.054 AUD, up 1.89% on the day of the announcement

Nanoveu Limited (ASX:NVU, OTCQB:NNVUF) announced on 2 July 2026 that it has completed its previously announced acquisition of Spinoff Robotics Pte Ltd, a Singapore-based aerial robotics company and a spinout from the Singapore University of Technology and Design. The completion brings two commercially validated drone platforms into Nanoveu, alongside an in-house engineering team. Nanoveu shares traded at 0.054 AUD on the day, up 1.89 percent, or 0.001 AUD.

Overview of the Acquisition

The acquisition adds two products to Nanoveu's portfolio: ALICE, a tethered aerial high-payload platform designed to withstand high reaction forces, and METRON, a sub-millimetre photogrammetry and visual AI system capable of real-time anomaly detection at millimetre-level precision. Both platforms have previously been validated with Tier-1 Singaporean customers, including Gardens by the Bay, the Land Transport Authority and the Home Team Science and Technology Agency.

Under the terms of the sale and purchase agreement, Nanoveu has issued 3,000,000 fully paid ordinary shares and 4,000,000 performance rights as consideration for the acquisition. The performance rights are subject to revenue, intellectual property integration and share price milestones, and the consideration shares are subject to a 12-month voluntary escrow period.

Integration With ECS-DoT Silicon

Nanoveu said the completion of the acquisition will support the integration and fine-tuning of EMASS's ECS-DoT edge-AI silicon within drone platforms, leveraging Spinoff's existing engineering capability. By engineering the chip directly into the drone airframe from the outset, the company said it can optimise sensor placement, power envelopes and control-loop latency.

The company described this in-house testing and development ground as providing a way to learn and test ECS-DoT capabilities on live drone platforms, which it said accelerates the path toward commercial readiness within the broader drone industry, while also opening commercialisation routes beyond direct hardware sales toward drone original equipment manufacturers and system integrators.

Next-Generation Platform Development

With the acquisition complete, Nanoveu said it is now evaluating enhancements to the ALICE and METRON platforms for next-generation applications, integrating the ECS-DoT silicon to target high-value use cases that combine the existing drone platforms with edge-AI technology. The company identified active aerial defence, critical infrastructure protection and major inspection markets as areas under evaluation for these next-generation applications.

Dr Chee How Tan, co-founder of Spinoff Robotics and a researcher in lean sensing and embodied perception for lightweight aerial robotics, has joined Nanoveu to lead the company's drone vertical initiatives following completion of the transaction.

Management Commentary

Nanoveu's Executive Chairman, Dr David Pevcic, said the completion of the acquisition adds in-house drone engineering expertise to the company's existing edge-AI technology, noting that Spinoff's commercially validated platforms and experienced team allow the company to develop and deploy ECS-DoT within hardware it designs and controls itself.

Nanoveu's broader technology portfolio includes EyeFly3D, a glasses-free 3D display platform, and Nanoshield, an antiviral and antimicrobial surface coating technology, alongside the EMASS system-on-chip business focused on ultra-low-power AI processing for smart devices and IoT applications.

Share Price Performance

Shares in Nanoveu traded at 0.054 AUD as at 1:40 pm on 2 July 2026, up 0.001 AUD or 1.89 percent for the session. The move followed the announcement of the completed Spinoff Robotics acquisition, with the stock trading within its recent range as the company detailed its plans for integrating the acquired drone platforms with its edge-AI silicon business.

Conclusion

The completed acquisition of Spinoff Robotics gives Nanoveu direct ownership of two commercially validated drone platforms and an in-house aerial robotics engineering team, which the company intends to use as a testing ground for its ECS-DoT edge-AI silicon. Further details of the transaction, including the associated performance rights and consideration shares, are contained in the Appendix 2A and Appendix 3G lodged with the ASX on the day of completion.