ENGLEWOOD, Colo., March 24, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA), a pioneer in VTOL and powered-lift aircraft solutions, today announced the appointment of Archduke Sandor Habsburg-Lothringen to its Corporate Advisory Board. Archduke Sandor Habsburg-Lothringen brings over 30 years of expertise in global business strategy, sustainable energy, telecommunications, and financial services to XTI Aerospace. With a background in thermodynamics, energy conservation, and environmental protection, ...

Core Insights - The updated design of the TriFan 600's engine air inlet and exhaust significantly enhances air intake and exhaust flow, optimizing performance for both vertical and conventional flight modes [1][2] - The design improvements are a result of advanced digital mock-up (DMU) and computational fluid dynamics (CFD) analysis, demonstrating the company's commitment to innovation and customer focus [2] - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, aiming to create a new category of aircraft known as vertical lift crossover airplane (VLCA) [3] Engineering Milestones - The company has outlined six core product and engineering milestones for Q1, including: - Downwash/outwash study to analyze airflows during vertical takeoff and landing [4] - Type certification application to the FAA for the TriFan 600 [4] - Optimization of engine air inlets and exhaust design for enhanced propulsion performance [4] - Fuel system design to increase fuel capacity and reduce unusable fuel [4] - Development of a flight deck human factors mockup for ergonomic evaluation [4] - Update of the Global Finite Element Model (GFEM) for structural evaluation [4]

Core Insights - XTI Aerospace's Type Certification (TC) application for the TriFan 600 was accepted by the FAA, marking a significant milestone in the company's product and engineering progress for Q1 2025 [1][2][3] - The company is collaborating with the FAA's Innovation Office to develop powered-lift requirements, which is crucial for advancing the certification process [2][3] - The TriFan 600 is designed to have VTOL capabilities, speeds of 345 mph, and a range of 700 miles, creating a new category known as vertical lift crossover airplane (VLCA) [5] Product and Engineering Milestones - Completed milestones include a downwash/outwash study, which analyzes airflows during vertical takeoff and landing to evaluate safety and performance [7] - The company has outlined additional milestones to be completed, including optimizing fuel system design, enhancing engine air inlets and exhaust, developing a flight deck mockup, and updating the Global Finite Element Model (GFEM) [7]

ENGLEWOOD, Colo., March 18, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company"), a pioneer in advanced aircraft design, today announced that its board of directors has authorized management to implement a share repurchase program to acquire up to $5 million of the Company's common stock. The program will be aimed at addressing what the Company believes is an undervaluation of its common stock.By the authorization, XTI Aerospace may purchase common stock by way of open ...

ENGLEWOOD, Colo., Feb. 25, 2025 /PRNewswire/ -- XTI Aerospace (Nasdaq: XTIA) announces that Hangar X Studios podcast, a podcast that features thought leadership in aerospace media and innovation, will be participating in the Verticon 2025 conference being held March 11-13, 2025 in Dallas, Texas. Verticon 2025 is one of the premier events for aerospace professionals, bringing together thought leaders, innovators, and experts from across the sector.Hangar X Studios will be stationed at booth 7340 during Verti ...

Core Insights - XTI Aerospace has appointed Len Urbas as Senior Vice President of Corporate Development, bringing extensive expertise in investment banking, private equity, and strategic growth to the company [1][2][3] - Mr. Urbas's experience spans various industries, including healthcare, technology, financial services, and aerospace, positioning him to advance XTI's mission in the vertical takeoff and landing (VTOL) market [1][2] - The company is focused on redefining air travel and expanding its presence in the rapidly evolving VTOL industry, with Mr. Urbas expected to play a crucial role in this growth [1][3] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft designed for vertical takeoff and landing, capable of speeds of 345 mph and a range of 700 miles, creating a new category known as vertical lift crossover airplane (VLCA) [4] - The company also has a business unit, Inpixon, which specializes in real-time location systems (RTLS) technology, providing solutions to optimize operations and enhance safety in industrial facilities [4]

Core Points - XTI Aerospace has regained compliance with Nasdaq's minimum bid price requirement, confirming that its common stock has maintained a bid price of $1.00 or greater for over 10 consecutive business days [1][3][4] - The company attributes this achievement to its strategic initiatives aimed at driving growth and delivering long-term value to shareholders [3][4] - XTI Aerospace is focused on advancing its vertical takeoff and landing (VTOL) aircraft technology, specifically the development of the TriFan 600 aircraft [5] Company Overview - XTI Aerospace, Inc. is the parent company of XTI Aircraft Company, which is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, capable of speeds up to 345 mph and a range of 700 miles [5] - The company also includes Inpixon, a leader in real-time location systems technology, providing solutions to optimize operations and enhance safety in industrial facilities [5]

Core Insights - XTI Aerospace's business unit Inpixon has won the "RTLS Solution of the Year 2025" award at the IoT Breakthrough Awards, competing against over 40 entrants [1][2] - Inpixon's RTLS solutions enhance operational efficiency, safety, and decision-making across various industries [1][3] Company Overview - XTI Aerospace, Inc. is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, speeds of 345 mph, and a range of 700 miles [5] - Inpixon specializes in real-time location systems (RTLS) technology, providing solutions that optimize operations and enhance safety in sectors like manufacturing, logistics, and government [5][3] Industry Recognition - The IoT Breakthrough Awards recognize top companies and technologies in the global IoT market, highlighting Inpixon's leadership in RTLS technology [2] - The award reflects Inpixon's commitment to delivering AI-powered location-aware solutions that address modern workplace complexities [3]

Core Insights - XTI Aerospace has appointed Stephanie Chung to its Corporate Advisory Board, bringing over 35 years of experience in aviation and aerospace [1][2][3] - Chung has held senior leadership roles at notable companies such as Wheels Up, JetSuite, and Bombardier, where she focused on market expansion and operational efficiencies [1][2] - The company is developing the TriFan 600, a vertical lift crossover airplane (VLCA) with capabilities for vertical takeoff and landing, speeds of 345 mph, and a range of 700 miles [4] Company Overview - XTI Aerospace is based near Denver, Colorado, and is the parent company of XTI Aircraft Company [4] - The TriFan 600 aims to create a new category in aviation by combining the features of helicopters and fixed-wing aircraft [4] - XTI Aerospace also has a business unit, Inpixon, that specializes in real-time location systems (RTLS) technology for industrial applications [4] Leadership Insights - Scott Pomeroy, Chairman and CEO of XTI Aerospace, expressed enthusiasm about Chung's appointment, highlighting her experience in driving growth and operational success [3] - Chung is excited to contribute to XTI's mission and aims to help expand the company's footprint and growth trajectory [3] Recognition and Contributions - Chung has received multiple accolades, including recognition from AdWeek, Robb Report, Savoy Magazine, and D CEO Magazine for her influence in the industry [2] - She is also involved with various boards and advisory councils, including the Make-A-Wish Foundation and the National Business Aviation Association [1][2]

Core Insights - XTI Aerospace is set to reopen pre-sales for its flagship TriFan 600 airplane later in 2025, aiming to redefine regional air travel with innovative point-to-point solutions [1] - The company plans to unveil a new unmanned subscale model, "Sparrow," to validate flight dynamics, followed by the launch of another model, "Kestrel," to further evaluate aerodynamics and flight controls [2][4] - The certification process with the FAA is ongoing, with several key engineering milestones outlined to ensure the TriFan 600's readiness for commercial release [6][8] Product Development Milestones - The company will complete a series of key product and engineering accomplishments leading up to the Sparrow release, including launching more complex subscale prototypes of the TriFan 600 [3] - The upcoming goals include launching the Kestrel model to evaluate flight controls and reintroducing aircraft pre-sales for fleet operators and customers [4][5] Certification Process - The certification pathway includes optimizing the fuel system design, enhancing engine air inlets and exhaust, conducting downwash studies, and developing a flight deck mockup [6] - The process involves several high-level gates, including Preliminary Design Review (PDR), Critical Design Review (CDR), First Flight, and Type Certification [7][8] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, designed to reach speeds of 345 mph and a range of 700 miles, creating a new category known as vertical lift crossover airplane (VLCA) [9]