Latest news with #TriFan600
Yahoo
a day ago
- Business
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XTI Aerospace Deepens Defense Sector Expertise with Addition of Steve Griessel to Corporate Advisory Board
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 and Chairman of XTI. "His appointment comes at a pivotal time as XTI executes on its strategy to dominate the emerging Vertical Economy—where aviation missions demand the speed, range, and adaptability that only xVTOL can deliver. We believe Steve's proven ability to transform defense enterprises into globally scaled OEMs will directly accelerate XTI's push into mission-critical markets—making XTI a competitive force in both commercial and defense verticals." Mr. Griessel is a seasoned executive with over 40 years of leadership experience in defense, aerospace, investment, tourism, and manufacturing. He currently serves as CEO of Copperstone Capital Partners, the Ichikowitz family's asset management entity overseeing a portfolio of investments in a variety of sectors including software and defense. Previously, Mr. Griessel was Group CEO of Paramount Group Ltd, a global aerospace and defense original equipment manufacturer (OEM), where he led the company's transformation into a globally licensed OEM, deploying IP and manufacturing in 25+ countries—delivering advanced capabilities in sovereign defense. This aligns directly with XTI's strategy to serve high-value special mission operators and defense partners seeking VTOL solutions without reliance on new infrastructure. "I've spent my career scaling organizations that marry innovation with execution," said Mr. Griessel. "XTI's vision for the TriFan 600 is transformative—delivering the vertical lift of a helicopter with the speed and range of a fixed-wing aircraft. I'm honored to contribute to this mission and help position XTI as a leader in the future of regional and mission-critical air mobility." Michael Tapp, Chairman of XTI's Corporate Advisory Board, added, "Steve's global business acumen, his success leading defense and aerospace enterprises, and his investor mindset make him an invaluable asset as we develop a world-class military variant that leverages our TriFan platform." Mr. Griessel has a Bachelor of Business degree from the University of the Witwatersrand, a postgraduate degree in Marketing from the University of South Africa, and a Master of Science degree in Building Science from the University of the Witwatersrand. 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 from the addition of Steve Griessel to XTI's Corporate Advisory Board, 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. 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
Yahoo
2 days ago
- Business
- Yahoo
President Trump's Executive Order Highlights the Strategic Importance of VTOL Sector
XTI Aerospace expects Trump Executive Order to accelerate VTOL development for commercial and military applications ENGLEWOOD, Colo., June 10, 2025 /PRNewswire/ -- Commending President Trump's recent Executive Order aimed at accelerating domestic drone production and strengthening U.S. leadership in advanced air mobility, XTI Aerospace (NASDAQ: XTIA) is issuing the following statement reinforcing the critical role of vertical takeoff and landing (VTOL) technology to meet national security priorities and a rapidly evolving commercial market. "The Executive Order recognizes what many of us in the aerospace industry see clearly every day: the future of air mobility — both civilian and defense — depends on agility and vertical, runway-independent capability," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "VTOL aircraft are not only central to next-generation UAS (drone) platforms and urban air mobility applications but also air medical, disaster response, military, cargo logistics, and emergency preparedness." XTI Aerospace, developer of the TriFan 600 — a VTOL airplane capable of a range of nearly 1,000 miles at speeds over 300 mph — is uniquely positioned to serve a diverse range of emerging military, commercial, private, and strategic public-sector mission-specific and purpose-driven initiatives. The TriFan 600 is designed to operate using existing infrastructure and without dependence on charging systems, a key differentiator and accelerator to market. XTI Aerospace is a leader in xVTOL and the Vertical Economy and is pursuing strategic initiatives across manned and unmanned aerial systems (UAS / drone) that build off, and or complement, its flagship TriFan platform. Notably, the Executive Order directs the Secretary of Transportation, in consultation with the Director of the Office of Science and Technology Policy (OSTP), to expand the pilot program to other advanced aviation aircraft as warranted. XTI Aerospace believes this language reflects the federal government's intent to create space for xVTOL platforms like the TriFan 600. The Executive Order is expected to deliver several benefits to VTOL aircraft innovators like XTI including the following: Establishes Formal eVTOL Integration Pilot Program (eIPP): Mandates the creation of a dedicated program to accelerate real-world testing and deployment of VTOL aircraft across at least five selected pilot projects. XTI intends to vigorously pursue admission into this program. Accelerates Rulemaking: Mandates the FAA issue proposed BVLOS (beyond visual line of sight) rules within 30 days and finalize them within 240—potentially accelerating autonomous and long-range UAS commercialization. Streamlines Regulatory Barriers: Directs agencies to reduce redundant approvals and coordinate across FAA, OSTP, and DoD, speeding VTOL certification and operational clearances. Expands Vendor Access to Test Ranges: Opens federal test ranges and infrastructure to qualified U.S. VTOL developers, reducing cost and time to trial advanced systems. Prioritizes U.S.-Made Aircraft in Procurement: Directs federal agencies to prefer U.S.-built aerial mobility platforms—supporting domestic manufacturers in both defense and civilian contracts. Promotes Export of American VTOL Technology: Encourages diplomatic and trade efforts to promote U.S.-developed VTOL systems in global markets, boosting commercial opportunities abroad. Supports Dual-Use (Commercial & Military) Platforms: Positions VTOL aircraft as tools for national security, emergency response, and logistics, opening access to both defense and public-sector procurement channels. "The ability to expand this pilot program beyond drones and short-range eVTOLs to encompass broader VTOL missions signals a shift in U.S. aerospace policy — one that shares our view at XTI that innovation must be operationally feasible and commercially viable," Mr. Pomeroy added. 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 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. 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 while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
Join XTI Aerospace's June 11 Live Investor Webinar and Q&A Session Hosted by RedChip
ENGLEWOOD, Colo., June 3, 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 June 11, 2025, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature XTI's Chairman and CEO, Scott Pomeroy. Attendees will gain insight into XTI Aerospace's vision for transforming regional air mobility through the TriFan 600—its breakthrough vertical takeoff and landing (VTOL) aircraft. With over $3 billion in conditional pre-orders and reservations, XTI is targeting an emerging market, expected by Morgan Stanley to be $9 trillion by 2050, with a category-defining aircraft that bridges the gap between helicopters and regional business airplanes. Investors will learn how XTI's dual-revenue model—anchored by its aviation program and its Inpixon RTLS technology business—will position the company for scalable growth. The webinar will highlight recent engineering milestones, FAA certification progress, and why industry leaders are backing XTI's mission to lead the next era of powered-lift aviation. 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 June 12 until September 12, 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 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 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. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
XTI Aerospace Announces FAA's Certification Branch Office Selection for the TriFan 600 xVTOL
Ft. Worth, TX, CBO selected for TriFan 600 Type Certification ENGLEWOOD, 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 600 (FAA model designation "TF600") which XTI received on March 17, 2025, the FAA subsequently selected the Ft. Worth, Texas, CBO to be the primary location for certification authority and approval. XTI will continue to work with FAA subject matter experts ("SMEs") across the United States as the XTI engineering teams continue to provide Technical Familiarization briefings ("Tech Fams") to the FAA for the TriFan 600's major systems and subsystems. XTI has additional Tech Fams scheduled with the FAA in June and July, 2025. "We are excited to continue our relationship with the Ft. Worth CBO," said Don Purdy, XTI's SVP for Program and Business Development. "This CBO has significant capability and expertise with VTOL aircraft. XTI and the FAA are laser focused on the same objective – a safe, reliable, and well-engineered aircraft – and we will work collaboratively with the local CBO and with FAA SMEs across the country to ensure we meet this objective." 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 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. 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
21-05-2025
- Business
- Yahoo
XTI Aerospace to Host Shareholder Town Hall on May 29
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 DetailsWhat: XTI Aerospace Shareholder Town Hall WebinarWhen: Thursday, May 29, 2025, at 4:15 PM ETWhere: Register for the virtual event here: The Town Hall comes as XTI pursues a bold new chapter in its history. The event will feature XTI Chairman and CEO Scott Pomeroy and other senior executives who will give a glimpse into the future of manned and unmanned air travel. Following management's remarks, there will be a question-and-answer session. Questions can be submitted live or sent beforehand to XTI's investor relations firm by emailing xtia@ 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 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. 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
