The function of the collaboration is to move answers that may dramatically improve plane shoot, space, reliability, noise profile, and vertical elevate efficiency. Underneath the phrases of the memorandum of working out (“MOU”) between XTI Plane Corporate, a subsidiary of XTI, and MagLev, the 2 corporations will collectively review the mixing of MagLev’s proprietary MagLev HyperDrive™ propulsion generation into XTI’s age hybrid-electric plane architectures. Moreover, the MOU features a non-binding pre-order for as much as 100 MagLev HyperDrive propulsion methods, contingent upon a success of completion of technical and integration milestones, execution of ultimate business oaths and a success integration of MagLev’s generation into the Corporate’s plane 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,” stated 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 While of Flying: Vertical, Quieter, and Quicker
The MagLev HyperDrive is a transformative electrical propulsion gadget that makes use of a tip-driven ducted fan gadget aimed to dramatically building up gadget ability via magnetic levitation to stabilize and do away with rim pressure friction. Having the ability to scale throughout plane sizes and challenge profiles, the MagLev HyperDrive is being designed to allow ultra-quiet, high-speed, and low-maintenance propulsion for a large space of programs.
“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,” stated 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 units forth a non-binding poised of targets to steer the collaboration between the 2 corporations.
About MagLev Aero
MagLev Aero Inc. (MagLevAero.com) is pioneering electrical propulsion answers that leverage magnetic levitation to change into how plane are powered and operated. Its MagLev HyperDrive™ platform removes mechanical drag to allow a unutilized future of ultra-quiet, high-efficiency electrical plane for city, regional, and business programs.
About XTI Aerospace, Inc.
XTI Aerospace, Inc. (XTIAerospace.com) (Nasdaq: XTIA) is the mum or dad corporate of XTI Plane Corporate, an flight trade based totally related Denver, Colorado, lately creating the TriFan 600, a fixed-wing trade plane designed to have the vertical takeoff and touchdown (VTOL) capacity of a helicopter, most cruising speeds of over 300 mph and a space of one,000 miles, growing a completely unutilized division – the xVTOL. Moreover, the Inpixon (inpixon.com) trade unit of XTI is a pace-setter in real-time location methods (RTLS) generation with shoppers around the globe who importance the Corporate’s location insigt answers in factories and alternative business amenities to aid optimize operations, building up productiveness, and improve protection. For more info about XTI, please seek advice from XTIAerospace.com and apply XTI on LinkedIn, Instagram, X, and YouTube.
Cautionary Commentary Relating to Ahead-Taking a look Statements
This press shed accommodates positive “forward-looking statements” throughout the which means of the US Non-public Securities Litigation Reform Function of 1995, Division 27A of the Securities Function, and Division 21E of the Alternate Function. All statements alternative than statements of historic reality contained on this press shed, together with with out limitation, statements in regards to the targets and anticipated advantages and synergies of the MOU and XTI’s proposed collaboration with MagLev, the goods underneath construction by way of XTI, the benefits of XTI’s and MagLev ‘s generation, and XTI’s and MagLev ‘s shoppers, plans and techniques are forward-looking statements.
A few of these forward-looking statements may also be recognized by way of the importance of forward-looking phrases, together with “believe,” “continue,” “could,” “would,” “will,” “estimate,” “expect,” “intend,” “plan,” “target,” “projects,” or the negatives of those phrases or diversifications of them or matching expressions. All forward-looking statements are topic to dangers, uncertainties, and alternative components which might reason latest effects to fluctuate materially from the ones expressed or implied by way of such forward-looking statements. All forward-looking statements are based totally upon estimates, forecasts, and suppositions that, time regarded as cheap by way of XTI and its control, are inherently unsure, and plenty of components would possibly reason the latest effects to fluctuate materially from wave expectancies, which come with, however don’t seem to be restricted to, the truth that the MOU and the pre-order are non-binding and there’s no sure bet that XTI and MagLev will negotiate and explode any definitive oaths with recognize to the subject material of the MOU, at the phrases lately pondered by way of the MOU, or in any respect, and/or playground an environment with MagLev. XTI undertakes deny legal responsibility to revise any forward-looking statements to deliver to mirror occasions or cases that would possibly due to this fact stand. Readers are recommended to scrupulously evaluate and imagine the chance components mentioned from moment to moment in XTI’s filings with the SEC, together with the ones components mentioned underneath the caption “Risk Factors” in its most up-to-date annual document on Mode 10-Okay, filed with the SEC on April 15, 2025, and in next experiences filed with or furnished to the SEC.
SOURCE XTI Aerospace, Inc.
