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XTI Aerospace Announces Javier de la Peña's Appointment to Corporate Advisory Board

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XTI Aerospace (NASDAQ: XTIA) has appointed Javier de la Peña, Strategy and Operations Executive at Woven by Toyota, to its Corporate Advisory Board. De la Peña brings over 15 years of experience in transportation, robotics, and technology sectors. In his current role, he focuses on Toyota's sustainability and next-generation mobility services initiatives. His background includes fellowships at Google and eBay, and a master's degree from Georgetown University. The appointment aims to leverage his expertise in technology and transportation innovation for the development and market launch of XTI's TriFan 600 aircraft.

XTI Aerospace (NASDAQ: XTIA) ha nominato Javier de la Peña, Executive di Strategia e Operazioni presso Woven by Toyota, nel proprio Consiglio di Amministrazione Aziendale. De la Peña porta con sé oltre 15 anni di esperienza nei settori dei trasporti, della robotica e della tecnologia. Nel suo attuale ruolo, si concentra sulle iniziative di sostenibilità e servizi di mobilità di nuova generazione di Toyota. Il suo percorso include borse di studio presso Google ed eBay, e un master presso la Georgetown University. La nomina mira a sfruttare la sua esperienza nell'innovazione tecnologica e nei trasporti per lo sviluppo e il lancio sul mercato dell'aereo TriFan 600 di XTI.

XTI Aerospace (NASDAQ: XTIA) ha designado a Javier de la Peña, Ejecutivo de Estrategia y Operaciones en Woven by Toyota, para su Consejo Asesor Corporativo. De la Peña aporta más de 15 años de experiencia en los sectores de transporte, robótica y tecnología. En su rol actual, se enfoca en las iniciativas de sostenibilidad y servicios de movilidad de nueva generación de Toyota. Su trayectoria incluye becas en Google y eBay, además de una maestría de la Universidad de Georgetown. La designación tiene como objetivo aprovechar su experiencia en innovación tecnológica y transporte para el desarrollo y lanzamiento al mercado del avión TriFan 600 de XTI.

XTI Aerospace (NASDAQ: XTIA)Woven by Toyota의 전략 및 운영 임원인 하비에르 드 라 페냐를 회사 자문 위원회에 임명했습니다. 드 라 페냐는 운송, 로봇 공학 및 기술 분야에서 15년 이상의 경험을 가지고 있습니다. 현재 역할에서는 Toyota의 지속 가능성과 차세대 이동 서비스 이니셔티브에 집중하고 있습니다. 그의 배경에는 Google과 eBay에서의 펠로우십과 조지타운 대학교의 석사 학위가 포함됩니다. 이번 임명은 XTI의 TriFan 600 항공기의 개발 및 시장 출시를 위해 그의 기술 및 운송 혁신 경험을 활용하기 위한 것입니다.

XTI Aerospace (NASDAQ: XTIA) a nommé Javier de la Peña, responsable de la stratégie et des opérations chez Woven by Toyota, au sein de son conseil consultatif. De la Peña apporte plus de 15 ans d'expérience dans les secteurs des transports, de la robotique et de la technologie. Dans son rôle actuel, il se concentre sur les initiatives de durabilité et les services de mobilité de nouvelle génération de Toyota. Son parcours inclut des bourses à Google et eBay, ainsi qu'un master de l'Université de Georgetown. Cette nomination vise à tirer parti de son expertise en innovation technologique et en transport pour le développement et le lancement sur le marché de l'avion TriFan 600 d'XTI.

XTI Aerospace (NASDAQ: XTIA) hat Javier de la Peña, Strategie- und Betriebsleiter bei Woven by Toyota, in seinen Unternehmensbeirat berufen. De la Peña bringt über 15 Jahre Erfahrung in den Bereichen Transport, Robotik und Technologie mit. In seiner aktuellen Rolle konzentriert er sich auf Toyotas Initiativen zur Nachhaltigkeit und Mobilitätsservices der nächsten Generation. Sein Hintergrund umfasst Stipendien bei Google und eBay sowie einen Master-Abschluss von der Georgetown University. Die Berufung zielt darauf ab, seine Expertise in Technologie und Transportinnovation für die Entwicklung und Markteinführung des TriFan 600-Aircraft von XTI zu nutzen.

Positive
  • Strategic appointment of Toyota executive brings expertise in transportation and technology innovation
  • Connection to Toyota, a major investor in eVTOL sector through Joby Aviation, potentially beneficial for future developments
Negative
  • None.

ENGLEWOOD, Colo., Nov. 13, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announced that Javier de la Peña, Strategy and Operations Executive at Woven by Toyota, a Toyota Motor Corporation Group Company, has joined the XTI Aerospace Corporate Advisory Board.

Mr. de la Peña is a strategic leader with over 15 years of experience driving transformative initiatives in the transportation, robotics and technology sectors. In his current role at Woven by Toyota, a Toyota Motor Corporation Group Company, he is focused on advancing Toyota's vision of sustainability and next-generation mobility services. Mr. de la Peña plays a key role in shaping software-side strategies that have a global impact. He earned a master's degree at Georgetown University and completed fellowships at Google and eBay, where he developed a well-honed approach to market expansion and digital innovation.

"I have been very fortunate to be part of global innovation efforts within the family of Toyota companies," said Mr. de la Peña. "The more I learned about XTI Aerospace and the TriFan 600 aircraft, the more apparent it became to me that this was a game-changing innovation of which I wanted to be a part."

"I am excited to add Javier's knowledge around technology and transportation innovation to our Corporate Advisory Board," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "Additionally, Toyota has made significant investments into the eVTOL sector, specifically Joby Aviation, demonstrating their overall commitment to next-gen transportation initiatives. Given Javier's unique role at Toyota, we are very fortunate to have him involved in helping to advise XTI Aerospace as we develop the TriFan 600 and bring it to market."

About XTI Aerospace, Inc.

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, speeds of up to 345 mph and a range of approximately 700 miles, creating an entirely new category – the vertical lift crossover airplane (VLCA). 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 Aerospace, please visit XTIAerospace.com, and follow the Company on LinkedIn, X, and YouTube.

Cautionary Statement Regarding Forward-Looking Statements

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 the products under development by XTI Aerospace, the advantages of XTI Aerospace's technology, XTI Aerospace'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 Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI Aerospace 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 Aerospace'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 16, 2024, and in subsequent reports filed with or furnished to the SEC.

Contacts

General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact

Investor Relations:
Crescendo Communications
Tel: +1 212-671-1020
Email: XTIA@crescendo-ir.com

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SOURCE XTI Aerospace, Inc.

FAQ

Who is the new Corporate Advisory Board member at XTI Aerospace (XTIA)?

Javier de la Peña, Strategy and Operations Executive at Woven by Toyota, has joined XTI Aerospace's Corporate Advisory Board.

What is Javier de la Peña's current role before joining XTI Aerospace (XTIA)?

Javier de la Peña serves as Strategy and Operations Executive at Woven by Toyota, a Toyota Motor Group Company, focusing on sustainability and next-generation mobility services.

What product is XTI Aerospace (XTIA) developing?

XTI Aerospace is developing the TriFan 600 aircraft.

XTI Aerospace, Inc.

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