Prnewswire·2026-02-05 13:30Core Viewpoint - XTI Aerospace has divested its real-time location systems business to focus on its drone technology and aims for profitability by 2026 [1][3]. Group 1: Transaction Details - The sale of Inpixon GmbH was completed for EUR 4.64 million (approximately $5.48 million) effective February 3, 2026 [1]. - The divestiture is part of XTI's strategy to streamline its cost structure and sharpen its focus on drone technology [2][3]. Group 2: Strategic Focus - XTI's CEO emphasized the importance of making disciplined decisions to position the company for scale and profitability in markets with strong strategic opportunities [2]. - The company believes that the transaction aligns with its goal of establishing leadership in the drone sector and driving towards sustainable profitability [3]. Group 3: Inpixon's Future - Inpixon is expected to thrive under its new ownership, which brings technology experience and operational leadership to support its growth [3]. - Inpixon specializes in indoor positioning and real-time localization technologies, which are no longer aligned with XTI's strategic focus [2][3]. Group 4: Company Overview - XTI Aerospace is focused on advancing vertical flight and is a provider of unmanned aircraft systems through its Drone Nerds LLC business [4]. - The company is also engaged in developing advanced vertical takeoff and landing aircraft [4].