ENGLEWOOD, Colo., Dec. 10,
2024 /PRNewswire/ -- XTI Aerospace, Inc. ("XTI")
(Nasdaq: XTIA), a pioneer in advanced aircraft design, today
announced that XTI conducted a General Familiarization ("Gen Fam")
presentation for the TriFan 600 with the Federal Aviation
Administration (FAA) on November 14,
2024. This presentation is a key milestone in the journey
toward FAA Type Certification for the TriFan 600 and included more
than 60 FAA representatives including members from the Central
Certification Office and subject matter experts from across the
nation.
Over the past few years, XTI has worked with the FAA's Center
for Emerging Concepts & Innovation division (AIR-650) to
provide input toward the development of the draft Advisory Circular
21.17-4 "Type Certification - Powered-lift," which guides the
TriFan 600's certification process. The Gen Fam meeting served to
provide the FAA with a detailed overview of the TriFan 600's
innovative and advanced design, systems, performance parameters,
and vertical lift capabilities. During the presentation, XTI also
covered a range of technical areas, including the TriFan 600's
safety features and its novel ducted fan propulsion technology.
The TriFan 600 represents a new generation of vertical takeoff
and landing (VTOL) aircraft, seamlessly combining the capabilities
of taking off and landing like a helicopter with flying as
efficiently as a fixed-wing airplane. This new category of
aircraft, the vertical lift crossover airplane ("VLCA"), represents
a transformative solution for a variety of applications, including
advanced air mobility, regional transportation, emergency medical
services (EMS), and corporate travel.
Scott Pomeroy, CEO of XTI,
expressed his enthusiasm for reaching this milestone, stating,
"Completion of the Gen Fam presentation is a significant step
forward for the TriFan 600 and our vision for transforming air
travel. We're honored to collaborate closely with the FAA as we
work to advance the TriFan 600 toward our Type Certification
goal."
Don Purdy, SVP of Business &
Program Development, added, "The Gen Fam meeting provided us with
an excellent opportunity to demonstrate to the FAA how the TriFan
600 will address the critical commodity of 'time.' We believe that
the TriFan will offer our customers the ability to enjoy efficient
point-to-point travel, enhance business speed, and be a
transformative solution for a variety of applications, including
advanced air mobility, regional transportation, and emergency
medical services."
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 vertical takeoff and landing (VTOL) capability of a
helicopter, speeds of up to 345 mph and a range of approximately
700 miles, creating an entirely new category – the vertical lift
crossover airplane (VLCA). Additionally, the Inpixon (inpixon.com)
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 XTIAerospace.com and HangerXStudios.com (an
aviation innovation podcast), and follow the company
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 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 16, 2024, and in subsequent
reports filed with or furnished to the SEC.
Contacts
General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact
Investor Relations:
Crescendo Communications
Tel: +1 212-671-1020
Email: XTIA@crescendo-ir.com
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SOURCE XTI Aerospace, Inc.