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Xeriant’s JV with XTI Featured in various Media Articles

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Xeriant, Inc. (OTC PINK: XERI) announces substantial media coverage for its joint venture with XTI Aircraft Company aimed at developing the TriFan 600 hybrid-electric VTOL aircraft. This venture highlights Xeriant's commitment to advancing aerospace technologies and sustainable flight solutions. Media attention spans both domestic and international outlets, signifying increased interest in Xeriant's initiatives. The collaboration is positioned within the broader context of Advanced Air Mobility, promoting innovation in aerial services.

Positive
  • Increased media coverage enhances visibility and potential investor interest in Xeriant.
  • Joint venture with XTI Aircraft positions Xeriant at the forefront of hybrid-electric VTOL technology development.
Negative
  • None.

BOCA RATON, Fla., June 22, 2021 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTC PINK: XERI)(“the Company” or “Xeriant”), a new aerospace technology and advanced materials holding company, announces that it received media coverage, both domestically and internationally, for its recently completed joint venture (“JV”) with XTI Aircraft Company (“XTI”), a privately held cleantech aviation company based in Englewood, Colorado.

Please find below the links to some of the articles written about the Xeriant/XTI JV.

The Robb Report, which has extensively covered XTI over the past several years, including listing the TriFan 600 as one of “Tomorrow’s most spellbinding technologies” in its January 2018 “Time Travel: A Futuristic Car, Pen, Plane, and Rocket” feature, also covered the JV at https://robbreport.com/motors/aviation/xtis-trifan-600-1234619199/.

For company updates, be sure to sign up for our newsletter at https://www.xeriant.com/newsletter or follow us on Twitter (https://twitter.com/xeriant).   

About Xeriant

Xeriant, Inc. (d.b.a. Xeriant Aerospace) is a holding and operating company taking an active role in Advanced Air Mobility (“AAM”), the technological revolution enabling the aerospace industry’s transition to more efficient, sustainable, and autonomous flight operations. AAM promises to expand accessibility and applications for aerial services across the economy through the development and safe integration of new aircraft with vertical flight capability (VTOL), which facilitate the point-to-point transport of passengers and cargo. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport. The Company is an OTC Markets public company trading under the stock symbol, XERI.

For more information, please go to www.xeriant.com.

About XTI Aircraft Company

Based in Englewood, Colorado, XTI Aircraft Company is a privately owned OEM and developer of next-generation, cleantech VTOL aircraft, including the TriFan 600. XTI is guided by a leadership team with decades of experience, expertise, and success bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers.

For more information, please go to www.xtiaircraft.com.

SAFE HARBOR FORWARD-LOOKING STATEMENTS

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

XERIANT, INC.
Investor Relations Dept.:
(818) 923-5302
IR@xeriant.com
www.xeriant.com


FAQ

What is the recent news about Xeriant (XERI)?

Xeriant recently announced a joint venture with XTI Aircraft Company to develop the TriFan 600 hybrid-electric VTOL aircraft.

How is Xeriant involved in advanced air mobility?

Xeriant is actively participating in advancing aerospace technology and sustainable flight operations through initiatives like its joint venture with XTI.

What does the joint venture between Xeriant and XTI Aircraft entail?

The joint venture focuses on the development of the TriFan 600, a next-generation hybrid-electric VTOL aircraft.

What impact does the joint venture have on Xeriant's market position?

The joint venture potentially positions Xeriant as a key player in the emerging market for advanced air mobility solutions.

When was the joint venture between Xeriant and XTI Aircraft announced?

The joint venture was announced on June 22, 2021.

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