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XTI Aerospace CEO Scott Pomeroy Publishes Forbes Article on the Future of VTOL and Advanced Air Mobility
Prnewswire· 2025-08-26 13:00
Aviation Industry at Inflection Point as Policy, Certification Standards, and Market Demand AlignENGLEWOOD, Colo., Aug. 26, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced that its CEO, Scott Pomeroy, has published a new article in Forbes as part of his role on the Forbes Business Council. The article, "Why VTOL Technology Is Gaining Momentum In The Aerospace Industry" outlines how recent policy shifts, FAA certificatio ...
XTI Aerospace Selects Garmin G700 TXi Avionics System for Revolutionary TriFan 600 Aircraft
Prnewswire· 2025-08-21 13:00
The Garmin G700 TXi system — designed for cutting-edge business aviation — features: "This avionics suite is a fantastic match for the TriFan 600," said Don Purdy, SVP and Interim President of XTI Aircraft. "Garmin's G700 TXi offers the reliability, innovation, and pilot features to efficiently and safely operate the transformational xVTOL aircraft – operating from traditional runways, short runways, heliports and other approved landing areas." Pioneering the Future of Air Mobility The TriFan 600 is a fixed ...
XTI Aerospace Reports Second Quarter 2025 Results and Provides Business Update
Prnewswire· 2025-08-14 20:45
Core Insights - XTI Aerospace is making significant progress in the development of the TriFan 600, aiming to position it as a transformative aircraft for commercial and defense applications [2][3] - The company has strengthened its balance sheet by raising $18.4 million through a public offering, enhancing liquidity for engineering and certification activities [2][5] - Strategic partnerships have been expanded, including a memorandum of understanding with VerdeGo Aero to explore hybrid-electric propulsion solutions [2][6] Development Milestones - The Global Finite Element Model (GFEM) for configuration C211.2 has been finalized, a crucial step for FAA type certification [6] - Key drivetrain suppliers have been selected, including Triumph Geared Solutions and Kamatics Corporation, to provide essential components [6] - Over 1,500 computational fluid dynamics simulations have been conducted using the U.S. Department of Energy's Frontier supercomputer to optimize aerodynamic design [6] Strategic and Market Expansion Initiatives - The corporate advisory board has been expanded with leaders from aerospace, defense, and AI sectors to enhance navigation through certification and market entry [2][6] - A dedicated prototyping and innovation lab has been opened to accelerate testing of subscale models and flight control systems [2][6] - Technical familiarization sessions with the FAA are ongoing to streamline certification pathways [6] Financial Highlights - Cash and cash equivalents increased to $20.0 million as of June 30, 2025, up from $4.1 million at year-end 2024, primarily due to the public offering [12] - Stockholders' equity grew to $12.4 million as of June 30, 2025, reflecting new capital raised [12] - The company maintains a debt-free position, having repaid all short-term borrowings in Q1 2025 [12] Strategic Outlook - The company is focused on advancing the TriFan 600 through continued engineering and certification efforts, with key priorities for the second half of 2025 [8] - The TriFan 600 is designed to redefine regional air mobility, offering speed, range, and flexibility without traditional infrastructure constraints [8] - The market opportunity for the TriFan 600 is considered substantial, supported by a strengthened balance sheet and clear certification path [8]
XTI Aerospace Applauds Federal Aviation Administration Guidance Supporting the Advancement of Autonomous Aviation
Prnewswire· 2025-08-12 13:00
Core Perspective - The FAA's Notice of Proposed Rulemaking (NPRM) for "Normalizing UAS BVLOS Operations" aims to enhance American drone operations and establish a regulatory framework for commercial drone applications, responding to the Executive Order from June 6, 2025 [1] Group 1: Regulatory Developments - The proposed rules allow drones weighing up to 1,320 pounds to operate Beyond Visual Line of Sight (BVLOS) without traditional airworthiness certificates, facilitating a wider range of industrial and commercial missions [2] - The FAA's initiative introduces third-party Automated Data Service Providers (ADSPs) to manage traffic and situational awareness between crewed and uncrewed aircraft, which is essential for future autonomous flight corridors [2] Group 2: Industry Impact - The release of Part 108 is seen as a pivotal moment that will accelerate the Vertical Economy, unlocking the potential of advanced UAS and moving towards a fully integrated air mobility ecosystem [2] - XTI Aerospace emphasizes its commitment to safe and efficient air mobility, indicating that the FAA's actions signal a strong commitment to innovation and leadership in aviation [4] Group 3: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum speeds over 300 mph, and a range of up to 1,000 miles, creating a new category known as xVTOL [5] - The Inpixon business unit of XTI Aerospace specializes in real-time location systems (RTLS) technology, providing solutions that optimize operations and enhance safety in industrial settings [5]
XTI Aerospace Engages IDEO to Drive Customer-Centric Innovation Across Aircraft Design and Experience
Prnewswire· 2025-07-31 13:00
This partnership comes as XTI accelerates development of its TriFan 600 and lays the groundwork for a future family of xVTOL aircraft while further expanding its ecosystem of partners dedicated to creating a compelling vision of vertical mobility. IDEO will work closely with XTI on a multi-phase, long-term engagement designed to transform the XTI customer experience into a seamless, human-centered ecosystem. The collaboration spans from early-stage market research and product-market fit validation to the nu ...
REMINDER: XTI Aerospace Live Investor Webinar Hosted by RedChip on July 31st at 4:15 p.m. EST
Prnewswire· 2025-07-30 16:00
Questions can be pre-submitted to [email protected] or online during the live event. A recording of the webinar will be available on the Company's investor relations website at https://ir.xtiaerospace.com by July 31, 2025 until October 31, 2025. About XTI Aerospace, Inc. XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertic ...
XTI Completes Federal Aviation Administration Flight Technical Familiarization Review
Prnewswire· 2025-07-30 13:00
XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, maximum cruising speeds of over 300 mph and a range up to 1,000 miles, creating an entirely new category – the xVTOL. Additionally, the Inpixon (inpixon.com) business unit of XTI Aerospace is a leader in real-time ...
XTI Aerospace Announces Live Investor Webinar Hosted by RedChip
Prnewswire· 2025-07-16 13:00
Core Viewpoint - XTI Aerospace is positioning itself as a leader in the xVTOL and powered-lift aircraft market, with a focus on the TriFan 600 aircraft, which aims to transform regional air mobility and capture a significant share of a projected $9 trillion market by 2050 [2][3]. Company Overview - XTI Aerospace, Inc. is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds exceeding 300 mph, and a range of nearly 1,000 miles, creating a new category known as xVTOL [5]. - The company has approximately $3 billion in conditional pre-orders and reservations for the TriFan 600, indicating strong market interest and potential demand [2]. Industry Context - The regional air mobility market is expected to grow significantly, with Morgan Stanley estimating its value to reach $9 trillion by 2050, highlighting the vast opportunities for companies like XTI Aerospace [2]. - XTI Aerospace aims to bridge the gap between helicopters and business airplanes, positioning the TriFan 600 as a category-defining aircraft for regional travel [2][3]. Upcoming Events - XTI Aerospace will host a webinar on July 31, 2025, to discuss its vision for regional air mobility and the TriFan 600, featuring insights from Chairman and CEO Scott Pomeroy [1][3].
Artificial Intelligence Leader and United States Central Command Advisor Charlie Burgoyne Joins XTI Aerospace Corporate Advisory Board
Prnewswire· 2025-07-14 13:00
XTI Accelerates Defense and Unmanned Aircraft Systems Strategy ENGLEWOOD, Colo., July 14, 2025 /PRNewswire/ -- Underscoring the expanding breadth of its next- generation aerial systems, XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the appointment of Charlie Burgoyne, Founder and CEO of Valkyrie and Andromeda—AI and decision-intelligence companies serving defense and Fortune 500 clients. Mr. Burgoyne, advisor to the United States Central ...
XTI Completes Federal Aviation Administration Propulsion Systems Review
Prnewswire· 2025-07-08 13:00
Group 1 - XTI Aircraft Company, a subsidiary of XTI Aerospace, is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds over 300 mph, and a range of up to 1,000 miles [3] - The recent Tech Fam meeting with the FAA focused on the TriFan 600's propulsion system and compliance in key certification areas such as engine fire containment, bird strike impact, and cabin occupant safety [1][2] - XTI's engineering team emphasizes a collaborative approach with the FAA to ensure a safe and reliable aircraft, highlighting the importance of open dialogue during the certification process [2] Group 2 - XTI Aerospace also operates the Inpixon business unit, which specializes in real-time location systems (RTLS) technology, providing solutions that optimize operations and enhance safety in industrial facilities [3] - The company aims to create a new category of aircraft, termed xVTOL, which combines the advantages of fixed-wing and helicopter capabilities [3]