TriFan 600

Search documents
XTI Completes Federal Aviation Administration Propulsion Systems Review
Prnewswire· 2025-07-08 13:00
Engineering experts from XTI Aircraft Company, a subsidiary of XTI, and the FAA reviewed the TriFan 600 aircraft's propulsion system and compliance approach for the engines, drive train, fuel system, propellers, engine compartments and structural mounts for the drive train. The Tech Fam addressed key certification areas such as engine fire containment, bird strike impact, cabin occupant safety, fuel management, and instrumentation including sensors to detect system issues. "As XTI completes this latest Tech ...
XTI Aerospace Collaborates with MagLev Aero on Transformational Electric Propulsion System
Prnewswire· 2025-07-03 13:00
The goal of the collaboration is to advance solutions that can dramatically enhance aircraft speed, range, reliability, noise profile, and vertical lift performance. Under the terms of the memorandum of understanding ("MOU") between XTI Aircraft Company, a subsidiary of XTI, and MagLev, the two companies will jointly evaluate the integration of MagLev's proprietary MagLev HyperDrive™ propulsion technology into XTI's future hybrid-electric aircraft architectures. Additionally, the MOU includes a non-binding ...
XTI Completes Federal Aviation Administration Aircraft Structures Review
Prnewswire· 2025-07-02 13:00
Engineering experts from XTI and the FAA reviewed the TriFan 600 aircraft's structural design philosophy, analysis methodologies, load conditions, and compliance approach. XTI is committed to a collaborative and transparent certification program and plans to conduct additional Tech Fam meetings with the FAA across additional disciplines in the coming months. "Completion of this collaborative Tech Fam meeting with the FAA is a meaningful step to progress the TriFan 600 towards type certification, which is th ...
XTI Aerospace Announces Closing of $16 Million Public Offering
Prnewswire· 2025-06-26 21:25
Core Viewpoint - XTI Aerospace, Inc. has successfully closed a public offering of 9,143,000 shares of common stock and warrants, raising approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The public offering price was set at $1.75 per share, which includes the exercise price of pre-funded warrants [1]. - An additional 1,371,000 Common Warrants were sold due to the underwriter's over-allotment option [1]. - Each Common Warrant allows the holder to purchase one share of common stock at an exercise price of $2.00, expiring five years from issuance [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, specifically for the development of the TriFan 600 airplane [2]. Group 3: Company Overview - XTI Aerospace 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 over 1,000 miles [5]. - The company also has a business unit, Inpixon, which specializes in real-time location systems (RTLS) technology for industrial applications [5].
XTI Aerospace Announces Pricing of $16 Million Public Offering
Prnewswire· 2025-06-25 01:35
Core Viewpoint - XTI Aerospace, Inc. has announced a public offering of 9,143,000 shares of common stock and 9,143,000 warrants, aiming to raise approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The offering price is set at $1.75 per share, with each Common Warrant allowing the purchase of one share at an exercise price of $2.00, expiring five years from issuance [1]. - The underwriters have a 45-day option to purchase an additional 1,371,000 shares and/or warrants to cover over-allotments [1]. - The offering is expected to close on June 26, 2025, pending customary closing conditions [1]. Group 2: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, cruising speeds over 300 mph, and a range exceeding 1,000 miles [5]. - The company also has a business unit, Inpixon, specializing in real-time location systems technology for industrial applications [5].
XTI Accelerates xVTOL Development by Collaboration with the U.S. Department of Energy's Oak Ridge National Laboratory Frontier Supercomputer
Prnewswire· 2025-06-12 13:25
Group 1 - The CFD analysis using the Frontier supercomputer enables XTI Aerospace to optimize the performance and safety of the TriFan 600 xVTOL as it prepares for subscale flight tests [1] - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, cruising speeds of 311 mph, and a range of 985 miles, creating a new category known as xVTOL [2] - The collaboration with Oak Ridge National Laboratory is seen as a critical advantage for XTI, allowing for accelerated engineering work and reduced risks in the TriFan 600 design [2] Group 2 - XTI Aerospace's Inpixon business unit specializes in real-time location systems technology, providing solutions that enhance operational efficiency and safety in industrial settings [2] - The company is publicly traded on Nasdaq under the ticker XTIA, indicating its presence in the capital markets [2]
XTI Aerospace Deepens Defense Sector Expertise with Addition of Steve Griessel to Corporate Advisory Board
Prnewswire· 2025-06-11 13:00
ENGLEWOOD, Colo., June 11, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, named Stephen (Steve) Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board. His addition follows growing recognition of VTOL aircraft as a national strategic priority, as highlighted in President Trump's recent executive order."Steve brings deep aerospace and defense experience as well as a global mindset," said Scott Pomeroy, CEO ...
XTI Aerospace Welcomes Former Apple and Pratt & Whitney Technologist as Senior Advisor
Prnewswire· 2025-06-05 13:00
From iPhone to xVTOL: Dr. Alex Williams to Advance XTI's Vertical Economy VisionENGLEWOOD, Colo., June 5, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, announced that Dr. Alex Williams has joined XTI as Senior Advisor to provide strategic counsel on R&D strategy, advanced manufacturing, and technology integration across XTI's planned portfolio of both manned and unmanned aerial solutions. Dr. Williams brings a unique combination of d ...
XTI Aerospace Announces FAA's Certification Branch Office Selection for the TriFan 600 xVTOL
Prnewswire· 2025-05-27 13:00
Ft. Worth, TX, CBO selected for TriFan 600 Type CertificationENGLEWOOD, Colo., May 27, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the Federal Aviation Administration ("FAA") has selected the Ft. Worth, Texas Certification Branch Office ("CBO") within the FAA's Central Region for the TriFan 600 type certification program.Following the FAA's acceptance of XTI's formal application for Type Certification of the TriFan ...
XTI Aerospace to Host Shareholder Town Hall on May 29
Prnewswire· 2025-05-21 13:00
ENGLEWOOD, Colo., May 21, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, will host a virtual Shareholder Town Hall on Thursday, May 29, 2025, at 4:15 PM ET. Current and prospective investors as well as other interested parties are encouraged to attend. Event Details What: XTI Aerospace Shareholder Town Hall Webinar When: Thursday, May 29, 2025, at 4:15 PM ET Where: Register for the virtual event here: https://xtiaerospace.com/sharehol ...