XTI Aerospace to Acquire Equity Interest in ReadyMonitor AI-Powered, Autonomous Drone Company

Core Viewpoint - XTI Aerospace has signed a non-binding Memorandum of Understanding to acquire a 30% equity interest in ReadyMonitor, an AI-powered Drone-as-a-Service company, with plans to acquire the remaining 70% within 12 months, aiming to enhance its position in the autonomous drone market [1][5]. Company Overview - XTI Aerospace is a pioneer in advanced Vertical Takeoff and Landing (VTOL) aircraft solutions, currently developing the TriFan 600, which combines helicopter-like VTOL capabilities with high-speed and long-range performance [8]. - ReadyMonitor specializes in scalable Drone-as-a-Service solutions and holds a unique FAA Certificate of Waiver allowing operations beyond visual line of sight [2][7]. Strategic Importance - The acquisition is seen as foundational to XTI's strategic vision, integrating unmanned VTOLs with drone technology to expand market presence and create new opportunities across various industries [4][5]. - ReadyMonitor's AI technology enables real-time decision-making and mission optimization for autonomous drones, which is expected to accelerate revenue realization for both companies in 2025 [4][5]. Market Position and Collaboration - The partnership is expected to enhance XTI's footprint in the growing drone segment of the Powered-Lift market, leveraging ReadyMonitor's established customer base and technology [5]. - ReadyMonitor is currently deploying Drone-in-a-Box solutions to large enterprise customers, providing a turnkey service that eliminates capital expenditures for clients [4][10]. Leadership and Expertise - ReadyMonitor was co-founded by industry leaders with extensive experience in drone technology, enhancing the credibility and potential success of the collaboration [3][4]. - The management teams of both companies are committed to meeting specific customer needs through the application of their combined resources, aiming for effective execution in the market [4][5].