ENGLEWOOD, Colo., June 11, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI”), a pioneer in xVTOL and powered-lift airplane answers, named Stephen (Steve) Griessel, former Staff CEO of Paramount Staff Ltd., to its Company Advisory Board. His addition follows rising reputation of VTOL airplane as a countrywide strategic precedence, as highlighted in President Trump’s recent executive order.
“Steve brings deep aerospace and defense experience as well as a global mindset,” mentioned 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 government with over 40 years of management enjoy in protection, aerospace, funding, tourism, and production. He lately serves as CEO of Copperstone Capital Companions, the Ichikowitz crowd’s asset control entity overseeing a portfolio of investments in a lot of sectors together with device and protection.
Prior to now, Mr. Griessel was once Staff CEO of Paramount Staff Ltd, an international aerospace and protection unedited apparatus producer (OEM), the place he led the corporate’s transformation right into a globally approved OEM, deploying IP and production in 25+ international locations—handing over complex features in distant protection. This aligns at once with XTI’s method to lend high-value particular challenge operators and protection companions searching for VTOL answers with out reliance on unused infrastructure.
“I’ve spent my career scaling organizations that marry innovation with execution,” mentioned 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 Company 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 Trade stage from the College of the Witwatersrand, a postgraduate stage in Advertising from the College of South Africa, and a Grasp of Science stage in Construction Science from the College of the Witwatersrand.
About XTI Aerospace, Inc.
XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the guardian corporate of XTI Plane Corporate, an flight industry based totally akin Denver, Colorado, lately creating the TriFan 600, a fixed-wing industry airplane designed to have the vertical takeoff and touchdown (VTOL) capacity of a helicopter, most cruising speeds of 311 mph and a field of 985 miles, developing a completely unused section – the xVTOL. Moreover, the Inpixon (inpixon.com) industry unit of XTI Aerospace is a pacesetter in real-time location techniques (RTLS) era with consumers all over the world who utility the Corporate’s location insigt answers in factories and alternative commercial amenities to backup optimize operations, build up productiveness, and strengthen protection. For more info about XTI, please consult with XTIAerospace.com and apply XTI on LinkedIn, Instagram, X, and YouTube.
Cautionary Commentary Referring to Ahead-Having a look Statements
This press drop comprises positive “forward-looking statements” inside the which means of the USA Personal Securities Litigation Reform Work of 1995, Division 27A of the Securities Work, and Division 21E of the Change Work. All statements alternative than statements of ancient truth contained on this press drop, together with with out limitation, statements in regards to the anticipated advantages from the addition of Steve Griessel to XTI’s Company Advisory Board, the goods beneath construction by means of XTI, some great benefits of XTI’s era, and XTI’s consumers, plans and techniques are forward-looking statements.
A few of these forward-looking statements will also be recognized by means of the utility 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 related expressions. All forward-looking statements are matter to dangers, uncertainties, and alternative elements which might purpose unedited effects to vary materially from the ones expressed or implied by means of such forward-looking statements. All forward-looking statements are based totally upon estimates, forecasts, and suppositions that, time thought to be cheap by means of XTI Aerospace and its control, are inherently unsure, and plenty of elements might purpose the unedited effects to vary materially from flow expectancies. XTI undertakes deny legal responsibility to revise any forward-looking statements to deliver to mirror occasions or cases that may therefore be on one?s feet. Readers are instructed to rigorously assessment and believe the chance elements mentioned from moment to moment in XTI’s filings with the SEC, together with the ones elements mentioned beneath the caption “Risk Factors” in its most up-to-date annual file on Mode 10-Okay, filed with the SEC on April 15, 2025, and in next stories filed with or furnished to the SEC.
Contacts
Normal inquiries:
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Internet: https://xtiaerospace.com/contact/
Investor Family members:
Dave Gentry, CEO
RedChip Firms, Inc.
Telephone: 1-407-644-4256
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SOURCE XTI Aerospace, Inc.
