Core Insights - XTI Aerospace has made significant advancements in aircraft design and IP portfolio expansion, setting the stage for 2025 pre-orders and FAA certification [1][4] - The company views 2024 as a transformational year, establishing a strong foundation for long-term growth and leadership in regional VTOL aircraft [2][4] Business Highlights - The TriFan 600, XTI's flagship aircraft, is designed for vertical takeoff and landing, achieving speeds of 311 mph and a range of 985 miles, catering to both commercial and special mission markets [2][6] - In 2024, XTI Aerospace raised $24 million through equity offerings and expanded its leadership team, enhancing its corporate governance [5] - The company has initiated the FAA Type Certification process for the TriFan 600 and conducted a General Familiarization meeting with over 60 FAA representatives [5] Recent Developments and 2025 Outlook - XTI Aerospace plans to reopen pre-orders for the TriFan 600 later in 2025, aiming to strengthen industry partnerships and refine aircraft technology [4] - The company has filed a new U.S. patent application and a Patent Cooperation Treaty filing for proprietary innovations related to the TriFan 600, expanding its global IP portfolio [5] - Mesa Airlines has been announced as a purchaser of a conditional pre-order for up to 100 TriFan 600 airplanes, indicating customer growth and market interest [5]
XTI Aerospace Provides Full-Year 2024 Business Update and Outlines 2025 Strategic Momentum