Vital walk in plane design and growth of IP portfolio units degree for 2025 pre-orders and FAA certification development

ENGLEWOOD, Colo., April 15, 2025 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI Aerospace,” “XTI” or the “Company”), a pioneer in xVTOL and powered-lift plane answers, nowadays equipped a trade replace and introduced the submitting of its Method 10-Okay for the fiscal while ended December 31, 2024.

“2024 marked a transformational year for XTI Aerospace as we repositioned the Company for long-term growth, broadened our leadership team, advanced the TriFan 600 development program, and strengthened our balance sheet,” mentioned Scott Pomeroy, Chairman and CEO of XTI Aerospace. “We believe these milestones firmly establish our leadership for regional VTOL aircraft and set the stage for a dynamic 2025.”

The TriFan 600 is XTI’s flagship fixed-wing aircraft designed for vertical takeoff and touchdown (VTOL), combining the rate and area of a regional trade aircraft with the point-to-point comfort of a helicopter. This cutting edge configuration opens unutilized probabilities for regional wind mobility in each industrial and particular undertaking markets.

2024 Trade Highlights:

• Crowd Marketplace Debut: XTI Aerospace commenced buying and selling at the Nasdaq Capital Marketplace below ticker “XTIA” following the merger of XTI Airplane Corporate and Inpixon in March 2024.
• Airplane Building Journey:
• Performed a Common Familiarization (GenFam) assembly with the FAA attended by way of over 60 representatives, advancing the Corporate towards kind certification.
• Filed a unutilized U.S. patent utility and Patent Cooperation Treaty (PCT) submitting for proprietary TriFan 600 inventions, increasing the Corporate’s international IP portfolio.
• Spared Model 1.9 of the Flying Transition Simulator, including One-Engine-Inoperative (OEI) capacity.
• Buyer Expansion: Introduced Mesa Airways because the buyer of a in the past disclosed conditional pre-order for as much as 100 TriFan 600 airplanes.
• Company Expansion: Shaped a Company Advisory Board led by way of seasoned govt Michael Tapp and expanded the management crew with the addition of Tobin Arthur as Important Technique Officer and Tensie Axton to the Corporate’s Board of Administrators.

Fresh Traits and 2025 Outlook

Development at the momentum established in 2024, the Corporate has already made vital walk in early 2025 to additional boost up its trajectory, together with:

• Raised $24 million in rude proceeds thru fairness choices in January and March.
• Officially commenced the FAA Sort Certification procedure for the TriFan 600.
• Finished a crucial downwash/outwash learn about and made vital walk on gas device design, aerodynamic optimization, and drivetrain configuration.
• Expanded the Company Advisory Board with strategic additions together with Javier de l. a. Peña, Kimberly Sir Bernard Law, David Oppenheimer, Stephanie Chung, and Archduke Sandor Habsburg-Lothringen.
• Inpixon subsidiary gained the 2025 “RTLS Solution of the Year” award, reinforcing its management in commercial location perception.

“We are entering a defining era for XTI Aerospace,” endured Mr. Pomeroy. “2024 represented a pivotal turning point for our company, and we believe we have laid a strong foundation for the future. As we look ahead, we intend to build on this momentum by continuing to strengthen our team, deepen our industry partnerships, refine our aircraft systems and technology, and reopen pre-orders for the TriFan 600 later this year. At this historic juncture in the evolution of aviation, we are committed to an aggressive path toward becoming a technology leader in the vertical economy.”

About XTI Aerospace, Inc. 

XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the guardian corporate of XTI Airplane Corporate, an gliding trade primarily based similar Denver, Colorado, these days creating the TriFan 600, a fixed-wing trade aircraft designed to have the vertical takeoff and touchdown (VTOL) capacity of a helicopter, speeds of 311 mph and a area of 985 miles. Moreover, the Inpixon (inpixon.com) trade unit of XTI Aerospace is a pacesetter in real-time location programs (RTLS) era with consumers all over the world who importance the Corporate’s location perception answers in factories and alternative commercial amenities to backup optimize operations, build up productiveness, and reinforce protection. For more info about XTI Aerospace, please discuss with XTIAerospace.com and practice the corporate on LinkedIn, Instagram, X, and YouTube.

Cautionary Remark Referring to Ahead-Taking a look Statements

This press reduce incorporates positive “forward-looking statements” throughout the that means of america Personal Securities Litigation Reform Work of 1995, Category 27A of the Securities Work, and Category 21E of the Alternate Work. All statements alternative than statements of ancient reality contained on this press reduce, together with with out limitation, statements concerning the merchandise below construction by way of XTI, the benefits of XTI’s era, and XTI’s consumers, plans and methods 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 unedited effects to range materially from the ones expressed or implied by way of such forward-looking statements. All forward-looking statements are primarily based upon estimates, forecasts, and guesses that, time thought to be affordable by way of XTI Aerospace and its control, are inherently unsure, and plenty of components would possibly reason the unedited effects to range materially from flow expectancies. XTI undertakes disagree legal responsibility to revise any forward-looking statements to bring to mirror occasions or cases that may therefore be on one?s feet. Readers are instructed to scrupulously evaluation and imagine the danger components mentioned from pace to pace in XTI’s filings with the SEC, together with the ones components mentioned below the caption “Risk Factors” in its most up-to-date annual file on Method 10-Okay, filed with the SEC on April 15, 2025, and in next reviews filed with or furnished to the SEC.

Contacts

Common inquiries:
E-mail: [email protected] 
Internet: https://xtiaerospace.com/contact/ 

Investor Members of the family:
Dave Gentry, CEO
RedChip Firms, Inc.
Telephone: 1-407-644-4256
E-mail: [email protected] 

SOURCE XTI Aerospace, Inc.