Xsight Systems Welcomes Vandewater Capital Holdings as its First American Investor
Supporting enhanced runway safety around the world
New York, NY (May 30, 2016) – Xsight Systems, a developer and provider of advanced runway sensor solutions, announced today the joining of Vandewater Capital Holdings as its first American investor, providing growth capital to the Company.
Xsight Systems has developed an advanced runway management solution that is improving the day to day operation of the runways whilst increasing runway safety, capacity and efficiency. The flagship technology, RunWize™, based on FODetect®, is a unique solution collocated with runway edge lights and utilizes a combination of millimeter wave radar and image processing to best detect FOD, birds, wildlife and monitor runway condition and activity.
FODetect is operational and protecting aircraft operations at Seattle Tacoma International Airport, Boston Logan International Airport, Tel Aviv Ben-Gurion International Airport and Bangkok Suvarnabhumi International Airport. FODspot™ subsystem has been acquired by Paris’s Charles de Gaulle International Airport.
“We are honored to welcome Vandewater on board, and are looking forward to a fruitful cooperation”, said Alon Nitzan, President & CEO of Xsight Systems. “The US is a promising market for Xsight Systems. Our technology is the only automated FOD detection solution operational in the United States, currently in Boston Logan International Airport and Seattle-Tacoma International Airport. We trust that with Vandewater’s support, we can continue the strong expansion in the US.”
About Xsight Systems:
Xsight Systems is the provider of advanced runway sensor solutions chosen by leading airports worldwide. For the first time in aviation history, Xsight Systems runway solutions present a new paradigm in runway management and allow constant command over airport runways and their surroundings. Xsight Systems enables airports to manage runways more efficiently and feel confident that runways are safe, secure and clear for operations.
For more information, please visit www.xsightsys.com.
About Vandewater Capital Holdings:
Vandewater is a diversified private equity firm with interests in North America and Western Europe. Vandewater has acquired, created and operated enterprises in the sectors of heavy industry, technology, financial services, real estate and hospitality. Vandewater counts among its investment partners the United States Government (Department of Defense), Fortune 100 companies and institutions. For more information, please visit www.vandewater.com.