Exyn designs and manufactures autonomous robotics software and hardware for industrial and defense sectors. The company provides tools for mapping and navigating complex environments where GPS is unavailable, such as underground mines, tunnels, and construction interiors. Exyn's primary product, Nexys, is a modular hardware payload powered by proprietary ExynAI software. This technology enables robots to autonomously explore and create 3D digital twins of hazardous or inaccessible areas without human pilots or pre-existing maps. Customers, primarily in mining, construction, and government agencies, use these models for operational planning and infrastructure inspection. Exyn generates most of its revenue from systems sales that bundle hardware payloads with autonomy software licenses. The company also generates revenue through professional services and equipment leasing programs. Exyn sells its products through a direct sales force and a global network of distributors. While mining remains the primary market, Exyn is expanding its defense presence and intends to shift toward a software-licensing model. This strategy involves licensing its autonomy software as a development kit to other manufacturers, allowing them to integrate Exyn's navigation capabilities into their own robotic platforms. This shift aims to reduce the company's reliance on hardware manufacturing and leverage its core software expertise.
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