STOCK TITAN

XTI Aerospace Opens Prototyping and Innovation Lab at The HIVE

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

XTI Aerospace (NASDAQ: XTIA) has announced the opening of its Prototyping and Innovation Lab at The HIVE in Grand Forks, North Dakota. The lab will focus on accelerating the development of XTI's flagship powered-lift aircraft, the TriFan 600, through two subscale models: 'Sparrow' and 'Kestrel'.

Under the leadership of Professor Robert Lunnie from the University of North Dakota, the lab will concentrate on advancing flight control systems and aerodynamics. The facility is situated within The HIVE, a hybrid business accelerator and incubator specializing in vertical takeoff and landing (VTOL) and unmanned aircraft systems (UAS).

The initiative aims to leverage Grand Forks' growing aerospace ecosystem, which includes collaborations with the United States Air Force, government agencies, and the University of North Dakota. This strategic move positions XTI Aerospace to enhance the TriFan 600's development while contributing to broader aviation technology advancement.

XTI Aerospace (NASDAQ: XTIA) ha annunciato l'apertura del suo Laboratorio di Prototipazione e Innovazione presso The HIVE a Grand Forks, North Dakota. Il laboratorio si concentrerà sull'accelerazione dello sviluppo dell'aereo a decollo verticale di punta di XTI, il TriFan 600, attraverso due modelli in scala ridotta: 'Sparrow' e 'Kestrel'.

Sotto la guida del Professor Robert Lunnie dell'Università del North Dakota, il laboratorio si concentrerà sul miglioramento dei sistemi di controllo del volo e dell'aerodinamica. La struttura è situata all'interno di The HIVE, un acceleratore d'affari ibrido e incubatore specializzato in sistemi a decollo e atterraggio verticale (VTOL) e sistemi aerei senza pilota (UAS).

L'iniziativa mira a sfruttare l'ecosistema aerospaziale in crescita di Grand Forks, che include collaborazioni con l'United States Air Force, agenzie governative e l'Università del North Dakota. Questa mossa strategica posiziona XTI Aerospace per migliorare lo sviluppo del TriFan 600 contribuendo al progresso della tecnologia aeronautica più ampia.

XTI Aerospace (NASDAQ: XTIA) ha anunciado la apertura de su Laboratorio de Prototipado e Innovación en The HIVE en Grand Forks, Dakota del Norte. El laboratorio se centrará en acelerar el desarrollo del avión de despegue vertical insignia de XTI, el TriFan 600, a través de dos modelos a escala reducida: 'Sparrow' y 'Kestrel'.

Bajo la dirección del Profesor Robert Lunnie de la Universidad del Norte de Dakota, el laboratorio se concentrará en avanzar en los sistemas de control de vuelo y en la aerodinámica. La instalación está ubicada dentro de The HIVE, un acelerador de negocios híbrido e incubadora especializada en sistemas de despegue y aterrizaje vertical (VTOL) y sistemas de aeronaves no tripuladas (UAS).

La iniciativa tiene como objetivo aprovechar el creciente ecosistema aeroespacial de Grand Forks, que incluye colaboraciones con la Fuerza Aérea de los Estados Unidos, agencias gubernamentales y la Universidad del Norte de Dakota. Este movimiento estratégico posiciona a XTI Aerospace para mejorar el desarrollo del TriFan 600 mientras contribuye al avance de la tecnología de aviación en general.

XTI Aerospace (NASDAQ: XTIA)는 노스다코타주 그랜드 포크스에 있는 The HIVE에서 프로토타입 및 혁신 연구소의 개소를 발표했습니다. 이 연구소는 XTI의 대표적인 수직 이착륙 항공기인 TriFan 600의 개발을 가속화하는 데 집중하며, 두 개의 축소 모델인 'Sparrow'와 'Kestrel'을 통해 진행될 것입니다.

노스다코타 대학교의 로버트 런니 교수의 지도 아래, 이 연구소는 비행 제어 시스템과 공기역학의 발전에 집중할 것입니다. 이 시설은 VTOL(수직 이착륙 및 착륙) 및 UAS(무인 항공기 시스템)를 전문으로 하는 하이브리드 비즈니스 액셀러레이터 및 인큐베이터인 The HIVE 내에 위치하고 있습니다.

이 이니셔티브는 그랜드 포크스의 성장하는 항공 우주 생태계를 활용하는 것을 목표로 하며, 여기에는 미국 공군, 정부 기관 및 노스다코타 대학교와의 협력이 포함됩니다. 이 전략적 움직임은 XTI Aerospace가 TriFan 600의 개발을 강화하고 더 넓은 항공 기술 발전에 기여할 수 있도록 합니다.

XTI Aerospace (NASDAQ: XTIA) a annoncé l'ouverture de son laboratoire de prototypage et d'innovation à The HIVE à Grand Forks, Dakota du Nord. Le laboratoire se concentrera sur l'accélération du développement de l'avion à décollage vertical phare de XTI, le TriFan 600, à travers deux modèles à échelle réduite : 'Sparrow' et 'Kestrel'.

Sous la direction du Professeur Robert Lunnie de l'Université du Dakota du Nord, le laboratoire se concentrera sur l'avancement des systèmes de contrôle de vol et de l'aérodynamique. L'établissement est situé au sein de The HIVE, un accélérateur d'affaires hybride et un incubateur spécialisé dans les systèmes de décollage et d'atterrissage verticaux (VTOL) et les systèmes d'aéronefs sans pilote (UAS).

Cette initiative vise à tirer parti de l'écosystème aérospatial en pleine croissance de Grand Forks, qui comprend des collaborations avec l'United States Air Force, des agences gouvernementales et l'Université du Dakota du Nord. Ce mouvement stratégique positionne XTI Aerospace pour améliorer le développement du TriFan 600 tout en contribuant à l'avancement de la technologie aéronautique dans son ensemble.

XTI Aerospace (NASDAQ: XTIA) hat die Eröffnung seines Prototypen- und Innovationslabors in The HIVE in Grand Forks, North Dakota, bekannt gegeben. Das Labor wird sich darauf konzentrieren, die Entwicklung des Flaggschiff-Transportflugzeugs von XTI, dem TriFan 600, durch zwei verkleinerte Modelle: 'Sparrow' und 'Kestrel', zu beschleunigen.

Unter der Leitung von Professor Robert Lunnie von der University of North Dakota wird das Labor auf die Weiterentwicklung von Flugsteuerungssystemen und Aerodynamik fokussieren. Die Einrichtung befindet sich innerhalb von The HIVE, einem hybriden Unternehmensbeschleuniger und Inkubator, der sich auf senkrecht startende und landende (VTOL) sowie unbemannte Luftfahrtsysteme (UAS) spezialisiert hat.

Die Initiative zielt darauf ab, das wachsende Luft- und Raumfahrt-Ökosystem von Grand Forks zu nutzen, das Kooperationen mit der United States Air Force, Regierungsbehörden und der University of North Dakota umfasst. Dieser strategische Schritt positioniert XTI Aerospace, um die Entwicklung des TriFan 600 zu verbessern und gleichzeitig zur Weiterentwicklung der Luftfahrttechnologie beizutragen.

Positive
  • Strategic establishment of new R&D facility to accelerate flagship TriFan 600 development
  • Access to specialized aerospace expertise through University of North Dakota partnership
  • Integration into established aerospace ecosystem with government and military connections
Negative
  • None.

ENGLEWOOD, Colo., April 2, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA), a pioneer in VTOL and powered-lift aircraft solutions, today announced the launch of the XTI Aerospace Prototyping and Innovation Lab within The HIVE in Grand Forks, North Dakota. The HIVE is a one-of-a-kind hybrid business accelerator & incubator focused on vertical takeoff and landing (VTOL) and unmanned aircraft systems (UAS).

This new lab is designed to accelerate the development of XTI's flagship powered-lift aircraft, the TriFan 600, initially focused on advancing the subscale model, code-named "Sparrow," and progress toward the construction of a more advanced model, "Kestrel," which will be crucial in enhancing key elements such as flight control systems and aerodynamics. Under the leadership of Professor Robert Lunnie, an expert in VTOL systems and an Aerospace Professor at the University of North Dakota, the team will work to optimize the aircraft's performance capabilities and develop a cutting-edge flight control center. Professor Lunnie has assembled a highly skilled team dedicated to the development of XTI's subscale models.

XTI Aerospace anticipates that this new lab will help to not only enhance the design and flight capabilities of the TriFan 600 but also contribute to the broader advancement of aviation technology. By leveraging The HIVE's collaborative environment and utilizing the expertise and resources within the Grand Forks aerospace community, XTI is positioning itself to remain at the forefront of the VTOL and powered-lift industries.

"We are excited to advance the next generation of TriFan 600's subscale models, focusing on critical flight control and aerodynamics systems," said Tobin Arthur, Chief Strategy Officer of XTI Aerospace. "With Professor Lunnie's leadership, and strong local support and resources, the work at the XTI Prototyping and Innovation Lab will bring us closer to delivering the transformative TriFan to the market."

Brandon Bochenski, Mayor of the City of Grand Forks, added, "Grand Forks is rapidly becoming a hub for aviation innovation, with key collaborations between the United States Air Force, various government agencies, the University of North Dakota, and the HIVE incubator. XTI Aerospace's arrival strengthens our position as a leader in aerospace technology and we look forward to being a part of accelerating the TriFan 600's path to first flight."

Professor Lunnie stated, "Our team is highly motivated and eager to push the boundaries of aerospace innovation. We are committed to meeting and exceeding key milestones that will ultimately shape the future of air mobility."

"I am excited to have Professor Lunnie and XTI Aerospace collaborating at The HIVE," said Johnny Ryan, Executive Director of the HIVE. "Their work epitomizes the collaborative ecosystem we have fostered in Grand Forks. XTI's presence is a big step in our evolution from being a leading UAS market player to a broader mission incorporating all of VTOL and powered-lift markets."

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 345 mph and a range of 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 HangerXStudios.com (aviation innovation podcast), and follow the company on LinkedIn, Instagram, 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, 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 Aerospace 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 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

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/xti-aerospace-opens-prototyping-and-innovation-lab-at-the-hive-302418504.html

SOURCE XTI Aerospace, Inc.

FAQ

What is the purpose of XTI Aerospace's new Prototyping and Innovation Lab at The HIVE?

The lab focuses on accelerating the TriFan 600's development through subscale models 'Sparrow' and 'Kestrel', specifically advancing flight control systems and aerodynamics.

Who is leading XTIA's new innovation lab in Grand Forks?

Professor Robert Lunnie, an expert in VTOL systems and Aerospace Professor at the University of North Dakota, leads the lab's development team.

What are the two subscale models being developed at XTIA's new lab?

The lab is developing 'Sparrow', an initial subscale model, and 'Kestrel', a more advanced model focusing on flight control systems and aerodynamics.

How does The HIVE facility in Grand Forks benefit XTIA's development plans?

The HIVE provides a collaborative ecosystem with access to expertise from the US Air Force, government agencies, and the University of North Dakota, accelerating TriFan 600's development.
XTI Aerospace

NASDAQ:XTIA

XTIA Rankings

XTIA Latest News

XTIA Stock Data

3.83M
3.55M
4.55%
0.45%
15.1%
Aerospace & Defense
Services-computer Programming Services
Link
United States
ENGLEWOOD