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XTI Aerospace Reports Second Quarter 2025 Results and Provides Business Update
Strong TriFan 600 development progress, expanded strategic partnerships and strengthened balance sheet ENGLEWOOD, Colo., Aug. 14, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) ('XTI Aerospace' or the 'Company'), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the filing of its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, and provided an update on recent corporate milestones and strategic initiatives. 'During the second quarter, we made measurable strides toward our goal to bring the TriFan 600 to market as a game-changing aircraft for both commercial and defense applications,' said Scott Pomeroy, Chairman and CEO of XTI Aerospace. 'Our engineering teams achieved foundational milestones, from finalizing the Global Finite Element Model for the latest configuration to selecting drivetrain supplier-partners, all while progressing critical FAA certification efforts. We also leveraged some of the most powerful computing resources in the world, including the U.S. Department of Energy's Frontier supercomputer, to accelerate aerodynamic analysis and optimize our design ahead of wind tunnel testing. These achievements showcase the disciplined, milestone-driven approach that is central to our culture and critical to delivering on our commitments to customers, regulators, and shareholders.' 'Just as important, we have taken steps to position XTI for long-term success beyond the engineering lab,' continued Pomeroy. 'We expanded our corporate advisory board with leaders in aerospace, defense, and AI to strengthen our ability to navigate certification, market entry, and future technology integration. We opened a dedicated prototyping and innovation lab to fast-track subscale model testing and flight control development, and entered into a memorandum of understanding with VerdeGo Aero to explore hybrid-electric propulsion solutions for future variants. We also raised $18.4 million through our June public offering and subsequent over-allotment exercises. We believe the combination of technical progress, a strengthened balance sheet, and a growing network of industry partners sets the stage for reopening TriFan 600 pre-sales and moving toward first flight and type certification.' Second Quarter 2025 Business Highlights TriFan 600 Development Milestones Global Finite Element Model (GFEM) finalized for configuration C211.2, a foundational step in validating structural performance for FAA type certification. Selected drivetrain suppliers Triumph Geared Solutions, Formsprag Clutch and Kamatics Corporation to deliver primary/secondary gearboxes, clutch systems, and precision drive shafts. FAA Certification Branch Office assigned: Ft. Worth CBO will lead TriFan 600 type certification activities, providing specialized VTOL expertise. Advanced aerodynamic optimization through 1,500+ computational fluid dynamics simulations on the U.S. Department of Energy's Frontier supercomputer, supporting design refinements ahead of wind tunnel testing. Technical Familiarization sessions held with FAA on aircraft structures, with ongoing monthly engagement to streamline certification pathways. Strategic and Market Expansion Initiatives MOU with VerdeGo Aero to explore hybrid-electric propulsion for future aircraft variants, targeting high-performance, sustainable solutions for military and civilian markets, which remains subject to the parties' execution of a definitive agreement. Corporate Advisory Board expansion with notable leaders from the U.S. Space Force/Air Force, Palantir Technologies, Paramount Group, and with other aerospace, AI, and defense sector professionals, adding deep expertise in certification, government relations, and intelligent systems. Opening of XTI's prototyping and innovation lab at The HIVE in Grand Forks, ND, to accelerate testing of subscale models 'Sparrow' and 'Kestrel' and advance flight control systems. Capital and Balance Sheet Enhancements Gross proceeds from financing: $16 million from a completed public offering in June, followed by an additional $2.4 million in over-allotment exercises in July. These funds bolster liquidity to support engineering and certification activities. Ended Q2 2025 with $20.0 million in cash and cash equivalents, up from $4.1 million at year-end 2024. Continued disciplined expense management while prioritizing R&D investment for the TriFan 600 program. Second Quarter 2025 Financial Highlights Cash and cash equivalents increased to $20.0 million as of June 30, 2025, compared to $4.1 million at December 31, 2024, primarily due to the net proceeds received from the June underwritten offering. Maintained a debt-free, short-term position at June 30, 2025, following the successful repayment of all short-term borrowings in Q1, providing a clean capital structure to support growth initiatives. Stockholders' equity grew to $12.4 million as of June 30, 2025, up from $6.6 million at December 31, 2024, reflecting new capital raised and a stronger balance sheet foundation. Strategic Outlook Building on a successful first half, XTI Aerospace remains focused on advancing the TriFan 600 through continued engineering, certification, and supplier selection milestones. Key H2 2025 priorities include: Continued flight testing the Sparrow subscale model to validate aerodynamic and transition performance. Advancing supplier integration for key systems. Continuing FAA technical familiarization meetings across multiple subsystems. 'Our work in the first half of 2025 lays the foundation for the next chapter of XTI's growth,' added Pomeroy. 'With each milestone we reach, whether it's advancing the TriFan 600 toward first flight, deepening our FAA engagement, or expanding our network of industry-leading partners, we are taking steps to reduce program risk and increase value. The TriFan 600 is designed to redefine what's possible in regional air mobility, delivering the speed, range, and flexibility that operators demand without the infrastructure constraints of traditional aircraft. We believe the market opportunity ahead is substantial, and with our strengthened balance sheet, technical progress, and clear certification path, we are well positioned for success. Our mission is ambitious, but so is our conviction as we work to deliver an aircraft that sets a new standard for performance, versatility, and safety in the emerging xVTOL category.' About XTI Aerospace, Inc. XTI Aerospace ( (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 ( business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI Aerospace, please visit and follow XTI Aerospace on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about XTI Aerospace's ability to achieve anticipated milestones in the timeframes currently anticipated or at all, the products under development by XTI Aerospace, the advantages of XTI Aerospace's technology, and XTI Aerospace's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including 'believe,' 'continue,' 'could,' 'would,' 'will,' 'estimate,' 'expect,' 'intend,' 'plan,' 'target,' 'projects,' or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include, but are not limited to, XTI Aerospace's ability to obtain adequate financing in the future as needed and on reasonable terms, XTI Aerospace's ability to successfully complete the certification program for the TriFan 600, including obtaining necessary approvals from the FAA, in the anticipated time frame, if at all, and XTI Aerospace's ability to meet the development and commercialization schedule with respect to the TriFan 600. XTI Aerospace undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI Aerospace's filings with the SEC, including those factors discussed under the caption 'Risk Factors' in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. Contacts General inquiries:Email: contact@ Web: Investor Relations: Dave Gentry, CEORedChip Companies, 1-407-644-4256Email: XTIA@
Yahoo
3 days ago
- Business
- Yahoo
XTI Aerospace Reports Second Quarter 2025 Results and Provides Business Update
Strong TriFan 600 development progress, expanded strategic partnerships and strengthened balance sheet ENGLEWOOD, Colo., Aug. 14, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the filing of its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, and provided an update on recent corporate milestones and strategic initiatives. "During the second quarter, we made measurable strides toward our goal to bring the TriFan 600 to market as a game-changing aircraft for both commercial and defense applications," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "Our engineering teams achieved foundational milestones, from finalizing the Global Finite Element Model for the latest configuration to selecting drivetrain supplier-partners, all while progressing critical FAA certification efforts. We also leveraged some of the most powerful computing resources in the world, including the U.S. Department of Energy's Frontier supercomputer, to accelerate aerodynamic analysis and optimize our design ahead of wind tunnel testing. These achievements showcase the disciplined, milestone-driven approach that is central to our culture and critical to delivering on our commitments to customers, regulators, and shareholders." "Just as important, we have taken steps to position XTI for long-term success beyond the engineering lab," continued Pomeroy. "We expanded our corporate advisory board with leaders in aerospace, defense, and AI to strengthen our ability to navigate certification, market entry, and future technology integration. We opened a dedicated prototyping and innovation lab to fast-track subscale model testing and flight control development, and entered into a memorandum of understanding with VerdeGo Aero to explore hybrid-electric propulsion solutions for future variants. We also raised $18.4 million through our June public offering and subsequent over-allotment exercises. We believe the combination of technical progress, a strengthened balance sheet, and a growing network of industry partners sets the stage for reopening TriFan 600 pre-sales and moving toward first flight and type certification." Second Quarter 2025 Business Highlights TriFan 600 Development Milestones Global Finite Element Model (GFEM) finalized for configuration C211.2, a foundational step in validating structural performance for FAA type certification. Selected drivetrain suppliers Triumph Geared Solutions, Formsprag Clutch and Kamatics Corporation to deliver primary/secondary gearboxes, clutch systems, and precision drive shafts. FAA Certification Branch Office assigned: Ft. Worth CBO will lead TriFan 600 type certification activities, providing specialized VTOL expertise. Advanced aerodynamic optimization through 1,500+ computational fluid dynamics simulations on the U.S. Department of Energy's Frontier supercomputer, supporting design refinements ahead of wind tunnel testing. Technical Familiarization sessions held with FAA on aircraft structures, with ongoing monthly engagement to streamline certification pathways. Strategic and Market Expansion Initiatives MOU with VerdeGo Aero to explore hybrid-electric propulsion for future aircraft variants, targeting high-performance, sustainable solutions for military and civilian markets, which remains subject to the parties' execution of a definitive agreement. Corporate Advisory Board expansion with notable leaders from the U.S. Space Force/Air Force, Palantir Technologies, Paramount Group, and with other aerospace, AI, and defense sector professionals, adding deep expertise in certification, government relations, and intelligent systems. Opening of XTI's prototyping and innovation lab at The HIVE in Grand Forks, ND, to accelerate testing of subscale models "Sparrow" and "Kestrel" and advance flight control systems. Capital and Balance Sheet Enhancements Gross proceeds from financing: $16 million from a completed public offering in June, followed by an additional $2.4 million in over-allotment exercises in July. These funds bolster liquidity to support engineering and certification activities. Ended Q2 2025 with $20.0 million in cash and cash equivalents, up from $4.1 million at year-end 2024. Continued disciplined expense management while prioritizing R&D investment for the TriFan 600 program. Second Quarter 2025 Financial Highlights Cash and cash equivalents increased to $20.0 million as of June 30, 2025, compared to $4.1 million at December 31, 2024, primarily due to the net proceeds received from the June underwritten offering. Maintained a debt-free, short-term position at June 30, 2025, following the successful repayment of all short-term borrowings in Q1, providing a clean capital structure to support growth initiatives. Stockholders' equity grew to $12.4 million as of June 30, 2025, up from $6.6 million at December 31, 2024, reflecting new capital raised and a stronger balance sheet foundation. Strategic Outlook Building on a successful first half, XTI Aerospace remains focused on advancing the TriFan 600 through continued engineering, certification, and supplier selection milestones. Key H2 2025 priorities include: Continued flight testing the Sparrow subscale model to validate aerodynamic and transition performance. Advancing supplier integration for key systems. Continuing FAA technical familiarization meetings across multiple subsystems. "Our work in the first half of 2025 lays the foundation for the next chapter of XTI's growth," added Pomeroy. "With each milestone we reach, whether it's advancing the TriFan 600 toward first flight, deepening our FAA engagement, or expanding our network of industry-leading partners, we are taking steps to reduce program risk and increase value. The TriFan 600 is designed to redefine what's possible in regional air mobility, delivering the speed, range, and flexibility that operators demand without the infrastructure constraints of traditional aircraft. We believe the market opportunity ahead is substantial, and with our strengthened balance sheet, technical progress, and clear certification path, we are well positioned for success. Our mission is ambitious, but so is our conviction as we work to deliver an aircraft that sets a new standard for performance, versatility, and safety in the emerging xVTOL category." About XTI Aerospace, Inc. XTI Aerospace ( (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 ( business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI Aerospace, please visit and follow XTI Aerospace on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about XTI Aerospace's ability to achieve anticipated milestones in the timeframes currently anticipated or at all, the products under development by XTI Aerospace, the advantages of XTI Aerospace's technology, and XTI Aerospace's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include, but are not limited to, XTI Aerospace's ability to obtain adequate financing in the future as needed and on reasonable terms, XTI Aerospace's ability to successfully complete the certification program for the TriFan 600, including obtaining necessary approvals from the FAA, in the anticipated time frame, if at all, and XTI Aerospace's ability to meet the development and commercialization schedule with respect to the TriFan 600. XTI Aerospace undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI Aerospace's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. Contacts General inquiries:Email: contact@ Web: Investor Relations: Dave Gentry, CEORedChip Companies, 1-407-644-4256Email: XTIA@ View original content to download multimedia: SOURCE XTI Aerospace, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
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XTI Aerospace Announces Live Investor Webinar Hosted by RedChip
ENGLEWOOD, Colo., July 16, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, is pleased to invite investors to a webinar on July 31, 2025, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature XTI's Chairman and CEO, Scott Pomeroy. XTI Aerospace will share its vision for transforming regional air mobility and discuss the TriFan 600 vertical takeoff and landing (VTOL) aircraft. With approximately $3 billion in conditional pre-orders and reservations, XTI is targeting an expanding market, expected by Morgan Stanley to be valued at $9 trillion by 2050. XTI believes the TriFan 600 is a category-defining aircraft that bridges the gap between helicopters and business airplanes for regional travel. The webinar will highlight XTI's plans to power the vertical economy, its differentiated position in the xVTOL sector and key milestones on the path to commercialization of the TriFan 600. Investors will also gain a better understanding of the support of industry leaders as XTI advances commercialization of the TriFan 600. A live question and answer session will follow the presentation. To register for the free webinar, please visit: Questions can be pre-submitted to XTIA@ or online during the live event. A recording of the webinar will be available on the Company's investor relations website at by August 1, 2025 until October 31, 2025. About XTI Aerospace, Inc. XTI Aerospace ( (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 in excess of 300 mph and nearly 1,000 miles of range, creating an entirely new category – the xVTOL. Additionally, the Inpixon ( business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI, please visit and follow XTI on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about the products under development by XTI, the advantages of XTI's technology, and XTI's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include, but are not limited to, the fact that XTI's aviation program is in the pre-revenue stage and that XTI has not yet manufactured any non-prototype aircraft or delivered any aircraft to a customer, and the risk that XTI's conditional pre-orders and reservations for the TriFan 600 aircraft are canceled, modified, delayed or not placed and that XTI must return refundable deposits. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. Contacts General inquiries:Email: contact@ Web: Investor Relations:Dave Gentry, CEORedChip Companies, 1-407-644-4256Email: XTIA@ View original content to download multimedia: SOURCE XTI Aerospace, Inc.
Yahoo
03-07-2025
- Business
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XTI Aerospace Collaborates with MagLev Aero on Transformational Electric Propulsion System
ENGLEWOOD, Colo., July 3, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced a technology collaboration with MagLev Aero Inc. ("MagLev"), the developer of a revolutionary, magnetically levitated electric propulsion platform. XTI is evaluating innovative powertrain solutions to meet the needs of high-value, long-range aviation missions for military and civilian markets with unmanned aircraft vehicles (UAV). 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 pre-order for up to 100 MagLev HyperDrive propulsion systems, contingent upon successful completion of technical and integration milestones, execution of final commercial agreements and successful integration of MagLev's technology into the Company's aircraft and/or unmanned drone designs. "Part of our product road map includes a piloted, hybrid-electric version of the TriFan as well as unmanned aerial vehicles," said Scott Pomeroy, Chairman and CEO of XTI. "We believe the MagLev innovations can enable us to produce drones that are significantly more efficient than existing market offerings, allowing them to fly more mission types and, in turn, to capture more customer segments." The Future of Flight: Vertical, Quieter, and Faster The MagLev HyperDrive is a transformative electric propulsion system that uses a tip-driven ducted fan system aimed to dramatically increase system efficiency through magnetic levitation to stabilize and eliminate rim drive friction. With the ability to scale across aircraft sizes and mission profiles, the MagLev HyperDrive is being designed to enable ultra-quiet, high-speed, and low-maintenance propulsion for a wide range of applications. "Magnetic levitation has not been used in operational aircraft propulsion before, and we believe MagLev and XTI are the right partners to push the boundaries of what's possible in aerospace," said Ian Randall, Co-Founder, President and CEO of MagLev. "Our MagLev HyperDrive was developed to unlock new capabilities for electric flight —enhancing speed, safety, and sustainability — and we are excited to work with XTI to bring these advancements to life." The MOU sets forth a non-binding set of objectives to guide the collaboration between the two companies. About MagLev Aero MagLev Aero Inc. ( is pioneering electric propulsion solutions that leverage magnetic levitation to transform how aircraft are powered and operated. Its MagLev HyperDrive™ platform eliminates mechanical drag to enable a new generation of ultra-quiet, high-efficiency electric aircraft for urban, regional, and commercial applications. About XTI Aerospace, Inc. XTI Aerospace, Inc. ( (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 of 1,000 miles, creating an entirely new category – the xVTOL. Additionally, the Inpixon ( business unit of XTI is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI, please visit and follow XTI on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about the objectives and expected benefits and synergies of the MOU and XTI's proposed collaboration with MagLev, the products under development by XTI, the advantages of XTI's and MagLev 's technology, and XTI's and MagLev 's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include, but are not limited to, the fact that the MOU and the pre-order are non-binding and there is no certainty that XTI and MagLev will negotiate and execute any definitive agreements with respect to the subject matter of the MOU, on the terms currently contemplated by the MOU, or at all, and/or place an order with MagLev. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. ContactsGeneral inquiries:XTI Aerospace MagLev Aero Email: contact@ Email: contact@ Web: Web: Investor Relations:XTI Aerospace MagLev Aero XTI: Dave Gentry, CEO MagLev Aero: Ian Randall, CEO RedChip Companies, Inc. MagLev Aero Phone: 1-407-644-4256 Email: contact@ Email: XTIA@ View original content to download multimedia: SOURCE XTI Aerospace, Inc. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
XTI Accelerates xVTOL Development by Collaboration with the U.S. Department of Energy's Oak Ridge National Laboratory Frontier Supercomputer
ENGLEWOOD, Colo., June 12, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today reported that it has successfully accelerated performance analysis of the aerodynamics design of the TriFan 600 xVTOL aircraft, having completed more than 1,500 complex computational fluid dynamics (CFD) calculations. The CFD analysis performed using the Frontier supercomputer – capable of executing over a quintillion calculations per second – positions the XTI engineering team to optimize performance and safety as it prepares to fly subscale versions of the TriFan 600 xVTOL. By digitally simulating the TriFan 600 xVTOL in various configurations, attitudes, speeds, and other unique mission profiles, XTI has been able to realize anticipated improvements in aerodynamics as it prepares for formal wind tunnel confirmation tests, which will form part of the Federal Aviation Adminstration (FAA) certification process for the TriFan 600 xVTOL. Scott Pomeroy, Chairman and CEO of XTI Aerospace, commented, "As we pioneer the Vertical Economy, our collaboration with Oak Ridge gives XTI a critical advantage: compressing and accelerating the work of our engineering teams while de-risking key aspects of our TriFan 600 xVTOL design." About XTI Aerospace, Inc. XTI Aerospace ( (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 311 mph and a range of 985 miles, creating an entirely new category – the xVTOL. Additionally, the Inpixon ( business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI, please visit and follow XTI on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about the expected benefits of future collaborations with Oak Ridge National Laboratory, the products under development by XTI, the advantages of XTI's technology, and XTI's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include, but are not limited to, XTI's ability to meet its development and commercialization schedule with respect to the TriFan 600, and the risk that XTI and its current and future collaborators may be unable to successfully develop and market XTI's aircraft or may experience significant delays in doing so. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. Contacts General inquiries:Email: contact@ Web: Investor Relations:Dave Gentry, CEORedChip Companies, 1-407-644-4256Email: XTIA@ View original content to download multimedia: SOURCE XTI Aerospace, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
