XERIANT INC - XERI STOCK NEWS

Xeriant, Inc. (OTCQB: XERI) has appointed Steven Swanson, a former NASA astronaut, to its Board of Advisors. With 28 years at NASA, he brings significant experience in spaceflight technologies, including multiple missions to the International Space Station. Swanson's expertise will be leveraged in exploring applications for Xeriant's Retacell fire retardant in aerospace, particularly for non-toxic fire-retardant chemicals. CEO Keith Duffy emphasized Swanson's potential to advance the company’s objectives in Advanced Air Mobility as Xeriant aims to develop eco-friendly aviation solutions.

Xeriant recently announced a pivotal regulatory advancement regarding flame retardants, particularly the eco-friendly Retacell technology, following the European Union's proposal to ban up to 12,000 hazardous chemicals. This ban is expected to generate significant market opportunities for Xeriant as consumers and industries transition towards safer alternatives. The company has entered a joint venture with Movychem, acquiring exclusive rights to Retacell, which is non-toxic, biodegradable, and versatile for various applications. This regulation may also influence similar reforms globally.

Xeriant, Inc. has entered a joint venture with Slovakian company Movychem to develop and commercialize the eco-friendly Retacell fire retardant technology, acquiring exclusive worldwide rights. This 50/50 partnership is set to tap into industries valued over $5 trillion, including construction, electronics, and aerospace. Retacell's biodegradable, non-toxic properties are expected to enhance safety in various applications, particularly in aircraft. This agreement positions Xeriant to capture significant revenue in green fire retardant chemicals, bolstered by a potential market growth in sustainable materials.

Xeriant, Inc. (OTCQB: XERI) announced the appointment of Col. John “Bones” Parker (Ret.) to its Board of Advisors. Parker, a former Boeing Director with over 35 years of aviation experience, will support Xeriant's strategy in acquiring legacy aerospace businesses. His background includes significant roles in military sales and operations, providing valuable expertise in vertical lift aircraft and international military sales. Xeriant is focused on advanced air mobility and developing next-generation electric aircraft.

Xeriant, Inc. (OTCQB: XERI), an aerospace company focused on Advanced Air Mobility (AAM), released a year-end update highlighting its strategic initiatives and future growth plans. The company established a joint venture with XTI Aircraft, progressing on the hybrid-electric TriFan 600 VTOL airplane, which has secured preorders worth nearly $2 billion. Xeriant is also working on commercializing Movychem’s non-toxic flame retardant and completed a $6 million financing round. The leadership emphasizes a robust foundation for sustainable growth and shareholder value.

Xeriant, Inc. (OTCQB: XERI) closed $6.05 million in financing, essential to meet commitments in its joint venture with XTI Aircraft Company. This funding supports negotiations for a definitive merger agreement and plans for a public offering and uplisting.

The joint venture aims to develop the TriFan 600, a leading hybrid-electric VTOL aircraft with over $1.3 billion in pre-orders. CEO Keith Duffy emphasized the significance of this financing in advancing Xeriant's objectives in the Advanced Air Mobility sector.

Xeriant, Inc. (OTCQB: XERI) is progressing towards a definitive merger agreement with XTI Aircraft Company, focusing on the development of advanced air mobility solutions. The merger, announced via a Letter of Intent, aims for completion by October 22, 2021. XTI Aircraft's flagship product, the TriFan 600, is a hybrid-electric VTOL aircraft with over $1.3 billion in pre-orders. Xeriant's CEO, Keith Duffy, emphasized the company's commitment to eco-friendly aviation as they aim to enhance their portfolio in the aerospace sector.

Xeriant, Inc. has appointed Alfred Rapetti to its Advisory Board. With over $4 billion in transaction experience and a successful track record in aerospace and finance, Rapetti is poised to enhance Xeriant's strategic vision. He previously transformed Avantair, significantly increasing its equity value. Despite XTI Aircraft not participating in the 2021 NBAA Conference, Xeriant anticipates leveraging Rapetti's operational insights for future growth in the Advanced Air Mobility sector.

Xeriant, Inc. (OTCQB: XERI) will showcase its commitment to Advanced Air Mobility at the 2021 NBAA Business Aircraft Convention in Las Vegas from October 12-14. Partnering with XTI Aircraft Company, Xeriant will display the TriFan 600, a hybrid-electric VTOL aircraft. The event will include discussions on federal perspectives for AAM, featuring key industry leaders. Xeriant also received a 'Stock Promotion' flag from OTC Markets due to a newsletter campaign, which it did not initiate. The company remains dedicated to developing next-gen aircraft and infrastructure.