Latest news with #electricpropulsion
Yahoo
03-07-2025
- Business
- Yahoo
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
National Post
17-06-2025
- Business
- National Post
ACEL Power's 50 HP Electric Outboard Propels Porrima P111 RIB to 29 knots in Successful Sea Trial
Article content VANCOUVER, British Columbia — ACEL Power Inc. today announced outstanding test results for the new Porrima P111 rigid-inflatable boat (RIB). During sea trials last week, the 5.2 m (17 ft) aluminium centre-console RIB, powered by ACEL's IE 50™ 50 HP electric outboard and with Lithium Ferro-Phosphate (LiFePO₄) battery pack, achieved a max speed of 29 knots while maintaining smooth, no emissions operations. Article content 29 knots. Zero emissions. Proven performance. ACEL Power's IE 50™ sets a new standard for electric marine propulsion. Article content Article content Key Performance Highlights Article content Raising the Bar for High-Performance Electric Propulsion Article content 'These trials prove that clean doesn't mean slow,' said Anthony Liu, Co-Founder & CEO of ACEL Power. 'Pushing an aluminum RIB of this size to 29 knots—without fumes, vibration, or carbon emissions—demonstrates the headroom our high-voltage architecture still has for commercial and recreational duty cycles.' Article content Why It Matters Article content Power-to-weight advantage – The IE 50™ delivers instant torque and high efficiency in a lightweight package, offering performance on par with conventional 70 HP systems while maintaining a lower overall weight when paired with ACEL's modular battery pack. Endurance & safety – The RIB can cruise for roughly two hours at planning speed, with LFP chemistry offering >3,000 charge cycles and superior thermal stability. Plug-and-play integration – Features like the digital throttle, floating NFC smart keys, and cloud-based diagnostics are designed for seamless installation and intuitive operation right out of the box. Article content Next Steps Article content While the RIB was developed as a tender for the zero-emission Porrima P111 catamaran, its successful performance demonstrates that ACEL Power's electric propulsion system is well-suited for mission-driven vessels focused on sustainability, such as support craft for clean energy expeditions, scientific monitoring platforms, and next-generation tenders for electric or hybrid motherships. ACEL will exhibit IE-Series at METSTRADE (Amsterdam) this November. Article content Hi-resolution images and raw test data are available upon request. Article content About ACEL Power Article content ACEL Power, headquartered in Vancouver, Canada, is a pioneering manufacturer of electric outboard propulsion systems, leading the marine industry in innovation and sustainability. Noted for introducing the world's first mass-produced 50 and 75HP electric motors, ACEL Power is committed to shaping a sustainable future through the creation of a smart electric eco-system. With a forward-looking vision, ACEL aims to offer a comprehensive range from 1HP to 650HP, establishing new benchmarks for marine propulsion in performance, safety, and longevity. Leveraging patented technology and integrated software solutions, ACEL Power is driving change towards a cleaner, more efficient boating experience. Article content Article content Article content Article content Article content Contacts Article content Media Inquiries: Article content Article content ACEL Power Inc. Article content Article content Article content
BBC News
12-06-2025
- Business
- BBC News
Climate change: Can working boats hit net zero target?
From patrolling harbours to ferrying maintenance crews to and from wind farms, workboats are the life blood of our rivers and just like the shipping industry, tough questions are being asked about how the sector can play its part in tackling climate the ambition of net zero by 2050 new technologies are being trialled to reduce the impact of an industry reliant on fossil cost and practicalities threaten the transformation with being left dragging its anchors. For Alg Bennett from Lymington it was frustration with what was on offer that led to his greener voyage. Switching from traditional outboard engines to an electric alternative, he was disappointed with the battery options."We ended up actually designing and building our own batteries in waterproof cases so we could take them on and off the boat, making them ultra portable but more importantly ultra safe."To Alg the advantages of a switch to a cleaner, greener propulsion system are obvious."We can take away all of the pollutants and problems that are going in the water and we see that at Lymington, we see that at Christchurch. We see the slick of oil around - and we can remove that." Turning our waters greener is an emerging theme at industry shows like Seawork in Southampton. It brings together exhibitors from around the world to put on show the latest technologies. In between the networking and trade there is talk about how to decarbonise the sector"Reducing use of fossil fuels is the first stop." says Seawork organiser Andrew Webster."Optimising the way engines are being used, including the use of AI. And then different fuels like hydrogen or ammonia or battery."For larger vessels - like those built by Isle of Wight company Diverse Marine - advancements in engine efficiency are playing a key Simon Thomson, international business development director, warns there is no single solution for how the sector hits its target."If we can refine the fuel, refine the system, reduce the carbon output - then it has to be a benefit. But it's a problem - I don't think anybody can answer that question." Onboard the Wyke Castle, tug systems to reduce nitrogen oxide (NOx) emissions have been installed. The vessel currently runs on marine gas oil (MGO) but there is potential to swap to hydrotreated vegetable oil (HVO) in the future. It burns with much lower emissions of carbon dioxide (CO2) although the impact on the climate of its production has been questioned."Cost will always be the final factor I believe when it comes to companies" says Mark Foster, marine engineering manager at Portland Harbour Authority."The cheaper it becomes, the more it is on the market - much like with solar panels. The lower the cost comes down, the more readily available it is - the more people that will adopt it."What is clear from Seawork is that the maritime industry, including workboats, is changing. The question - is it changing fast enough? You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
