1. XTI achieves key Q1 objectives, advancing TriFan 600 development. 2. Plans to introduce pre-sales for TriFan 600 later in 2025. 3. First flight of subscale model 'Sparrow' scheduled for Q2 2025. 4. Technical milestones aim to enhance aerodynamics and reduce time to market. 5. XTI's initiatives may generate long-term value for shareholders.
XTI's developmental progress and upcoming pre-sales signal potential growth, similar to historical trends seen in other aerospace firms when approaching pivotal project milestones.
The article discusses critical developments that will likely affect XTIA's market position and investor interest.
The planned pre-sales and successful milestones will likely influence investor sentiment and market performance over the long term, akin to previous successful aviation product launches.
ENGLEWOOD, Colo., April 23, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today released its key product and engineering milestones for Q2 2025. The milestones will set the stage for the reopening of pre-sales for the TriFan 600 later this year.
XTI remains on track in its development efforts which seek to redefine regional air travel through novel point-to-point flight solutions, with the TriFan 600 serving as its flagship xVTOL airplane. One of XTI's Q2 milestones is the planned first flight of the next subscale model, code-named "Sparrow." This unmanned 1:15 scale aircraft builds on the previous subscale model developed in 2023 and will continue validating vertical and transitional flight dynamics with its rotating ducted fans.
XTI aims to complete the following key product and engineering achievements in Q2 2025:
"This quarter's engineering milestones highlight a clear path toward a mature aerodynamic design and performance that can provide game-changing aviation capabilities," said Dave Ambrose, VP of Engineering at XTI. "We believe our subscale testing, supplier alignment, and FAA engagement are strengthening technical validation and compressing time to market."
In addition to these technical milestones, XTI is preparing to launch its next subscale model, code-named "Kestrel," later in 2025. That model will focus on further evaluating aerodynamics, flight controls, and performance characteristics, with an emphasis on flight control laws.
XTI plans to reintroduce aircraft pre-sales later in 2025, allowing fleet operators, business owners, EMS operators, and other prospective customers the opportunity to secure their place in line for future TriFan 600 deliveries.
Scott Pomeroy, Chairman and CEO of XTI Aerospace, said, "By consistently delivering on our technical and programmatic commitments, we're reducing risk, accelerating time to market, and positioning XTI to deliver real impact for our customers and to generate long-term value for our shareholders."
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, maximum cruising speeds of 311 mph and a range of 985 miles, creating an entirely new category – the xVTOL. 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, please visit XTIAerospace.com and follow the company on LinkedIn, Instagram, X, and YouTube.
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 XTI's ability to achieve anticipated milestones in the timeframes currently anticipated or at all, 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 15, 2025, and in subsequent reports filed with or furnished to the SEC.
General inquiries: Email: info@xtiaerospace.com
Web: https://xtiaerospace.com/contact/
Investor Relations: Dave Gentry, CEO RedChip Companies, Inc. Phone: 1-407-644-4256 Email: dave@redchip.com
SOURCE XTI Aerospace, Inc.