XTI Aerospace Provides Full-Year 2024 Business Update and Outlines 2025 Strategic Momentum
XTI Aerospace (NASDAQ: XTIA) has released its full-year 2024 business update, highlighting significant progress in its TriFan 600 aircraft development program. The company made its public market debut on Nasdaq in March 2024 following a merger with Inpixon.
Key achievements include conducting an FAA General Familiarization meeting, filing new patent applications, and releasing Version 1.9 of the Flight Transition Simulator. Mesa Airlines placed a conditional pre-order for up to 100 TriFan 600 aircraft. The company strengthened its leadership team and formed a Corporate Advisory Board.
In early 2025, XTI raised $24 million through equity offerings, formally commenced the FAA Type Certification process, and completed critical technical studies. The TriFan 600, their flagship fixed-wing VTOL aircraft, combines regional airplane capabilities with helicopter-like convenience for commercial and special mission markets.
XTI Aerospace (NASDAQ: XTIA) ha pubblicato l'aggiornamento aziendale per l'intero anno 2024, evidenziando significativi progressi nel programma di sviluppo dell'aeromobile TriFan 600. La società ha debuttato sul mercato pubblico Nasdaq a marzo 2024, a seguito della fusione con Inpixon.
Tra i risultati principali si annoverano lo svolgimento di una riunione di Familiarizzazione Generale con la FAA, la presentazione di nuove domande di brevetto e il rilascio della Versione 1.9 del Flight Transition Simulator. Mesa Airlines ha effettuato un ordine condizionale per un massimo di 100 aeromobili TriFan 600. L'azienda ha rafforzato il team dirigenziale e costituito un Consiglio Consultivo Aziendale.
All'inizio del 2025, XTI ha raccolto 24 milioni di dollari tramite offerte azionarie, ha formalmente avviato il processo di Certificazione di Tipo FAA e completato studi tecnici fondamentali. Il TriFan 600, il loro aeromobile VTOL a ala fissa di punta, combina le capacità di un aereo regionale con la praticità di un elicottero, rivolgendosi ai mercati commerciali e delle missioni speciali.
XTI Aerospace (NASDAQ: XTIA) ha publicado su actualización comercial para todo el año 2024, destacando avances significativos en su programa de desarrollo de la aeronave TriFan 600. La compañía debutó en el mercado público Nasdaq en marzo de 2024 tras una fusión con Inpixon.
Los logros clave incluyen la realización de una reunión de Familiarización General con la FAA, la presentación de nuevas solicitudes de patente y el lanzamiento de la Versión 1.9 del Flight Transition Simulator. Mesa Airlines realizó un pedido condicional de hasta 100 aeronaves TriFan 600. La empresa fortaleció su equipo directivo y formó una Junta Asesora Corporativa.
A principios de 2025, XTI recaudó 24 millones de dólares mediante ofertas de acciones, inició formalmente el proceso de Certificación Tipo FAA y completó estudios técnicos críticos. El TriFan 600, su aeronave VTOL de ala fija insignia, combina las capacidades de un avión regional con la conveniencia de un helicóptero, dirigido a mercados comerciales y de misiones especiales.
XTI Aerospace (NASDAQ: XTIA)는 2024년 연간 사업 업데이트를 발표하며 TriFan 600 항공기 개발 프로그램에서 상당한 진전을 이루었다고 밝혔습니다. 이 회사는 2024년 3월 Inpixon과의 합병 후 나스닥 시장에 상장했습니다.
주요 성과로는 FAA 일반 숙지 회의 개최, 새로운 특허 출원, Flight Transition Simulator 버전 1.9 출시가 포함됩니다. Mesa Airlines는 최대 100대의 TriFan 600 항공기에 대한 조건부 사전 주문을 했습니다. 회사는 리더십 팀을 강화하고 기업 자문 위원회를 구성했습니다.
2025년 초, XTI는 주식 공모를 통해 2,400만 달러를 조달하고 FAA 형식 인증 절차를 공식적으로 시작했으며 중요한 기술 연구를 완료했습니다. TriFan 600은 고정익 VTOL 항공기로, 지역 항공기 성능과 헬리콥터 같은 편리함을 상업 및 특수 임무 시장에 결합한 주력 기종입니다.
XTI Aerospace (NASDAQ : XTIA) a publié sa mise à jour commerciale pour l'année complète 2024, mettant en avant des progrès significatifs dans le programme de développement de l'appareil TriFan 600. L'entreprise a fait ses débuts sur le marché public Nasdaq en mars 2024, suite à une fusion avec Inpixon.
Les réalisations clés comprennent la tenue d'une réunion de familiarisation générale avec la FAA, le dépôt de nouvelles demandes de brevet et la sortie de la version 1.9 du Flight Transition Simulator. Mesa Airlines a passé une précommande conditionnelle pour jusqu'à 100 appareils TriFan 600. La société a renforcé son équipe de direction et constitué un conseil consultatif d'entreprise.
Début 2025, XTI a levé 24 millions de dollars via des offres d'actions, a officiellement lancé le processus de certification de type FAA et a achevé des études techniques cruciales. Le TriFan 600, leur appareil VTOL à voilure fixe phare, combine les capacités d'un avion régional avec la praticité d'un hélicoptère pour les marchés commerciaux et des missions spéciales.
XTI Aerospace (NASDAQ: XTIA) hat sein Geschäftsupdate für das Gesamtjahr 2024 veröffentlicht und dabei bedeutende Fortschritte im Entwicklungsprogramm des Flugzeugs TriFan 600 hervorgehoben. Das Unternehmen debütierte im März 2024 an der Nasdaq, nachdem es mit Inpixon fusioniert hatte.
Zu den wichtigsten Errungenschaften zählen die Durchführung eines FAA General Familiarization Meetings, die Einreichung neuer Patentanmeldungen und die Veröffentlichung der Version 1.9 des Flight Transition Simulators. Mesa Airlines gab eine bedingte Vorbestellung von bis zu 100 TriFan 600 Flugzeugen auf. Das Unternehmen hat sein Führungsteam verstärkt und einen Corporate Advisory Board gegründet.
Anfang 2025 hat XTI durch Aktienangebote 24 Millionen US-Dollar aufgebracht, den FAA-Typenzertifizierungsprozess offiziell gestartet und wichtige technische Studien abgeschlossen. Der TriFan 600, ihr führendes VTOL-Flugzeug mit festem Flügel, verbindet die Fähigkeiten eines Regionalflugzeugs mit der Bequemlichkeit eines Hubschraubers für den kommerziellen und Spezialmissionen-Markt.
- Secured conditional pre-order from Mesa Airlines for up to 100 TriFan 600 aircraft
- Successfully raised $24 million through equity offerings in early 2025
- Achieved Nasdaq listing through merger with Inpixon
- Advanced FAA certification process with formal Type Certification initiation
- Expanded intellectual property portfolio with new patent applications
- No disclosed revenue or earnings figures
- Reliance on equity offerings for funding indicates cash burn
- Pre-orders are conditional, not firm commitments
Insights
XTI Aerospace's annual update reveals meaningful progress toward commercializing their innovative TriFan 600 VTOL aircraft. The company has reached several critical milestones that strengthen their competitive position in the emerging regional air mobility market.
The $24 million capital raise in early 2025 significantly improves their financial position, providing runway to advance their certification process and continue development work. This funding is particularly important for pre-revenue aerospace companies with capital-intensive development programs.
The formal commencement of the FAA Type Certification process represents a crucial regulatory step forward. Their General Familiarization meeting with over 60 FAA representatives demonstrates serious engagement with regulators - a necessary foundation for eventual commercial operations.
Mesa Airlines' conditional pre-order for up to 100 aircraft provides validation from an established commercial operator. While conditional orders don't guarantee revenue, they indicate legitimate market interest beyond speculative support.
XTI's expanded intellectual property portfolio through new patent applications provides potential long-term value and protection for their technological innovations. Their continued refinement of aircraft systems, including the Flight Transition Simulator with One-Engine-Inoperative capability, shows progression in safety-critical systems development.
The leadership additions and Corporate Advisory Board expansion bring valuable industry expertise that should help navigate the complex certification and commercialization process. The planned reopening of pre-orders later in 2025 could further validate market demand if successful.
Significant progress in aircraft design and expansion of IP portfolio sets stage for 2025 pre-orders and FAA certification advancement
"2024 marked a transformational year for XTI Aerospace as we repositioned the Company for long-term growth, broadened our leadership team, advanced the TriFan 600 development program, and strengthened our balance sheet," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "We believe these milestones firmly establish our leadership for regional VTOL aircraft and set the stage for a dynamic 2025."
The TriFan 600 is XTI's flagship fixed-wing airplane designed for vertical takeoff and landing (VTOL), combining the speed and range of a regional business airplane with the point-to-point convenience of a helicopter. This innovative configuration opens new possibilities for regional air mobility in both commercial and special mission markets.
2024 Business Highlights:
- Public Market Debut: XTI Aerospace commenced trading on the Nasdaq Capital Market under ticker "XTIA" following the merger of XTI Aircraft Company and Inpixon in March 2024.
- Aircraft Development Progress:
- Conducted a General Familiarization (GenFam) meeting with the FAA attended by over 60 representatives, advancing the Company toward type certification.
- Filed a new
U.S. patent application and Patent Cooperation Treaty (PCT) filing for proprietary TriFan 600 innovations, expanding the Company's global IP portfolio. - Released Version 1.9 of the Flight Transition Simulator, adding One-Engine-Inoperative (OEI) capability.
- Customer Growth: Announced Mesa Airlines as the purchaser of a previously disclosed conditional pre-order for up to 100 TriFan 600 airplanes.
- Corporate Growth: Formed a Corporate Advisory Board led by seasoned executive Michael Tapp and expanded the leadership team with the addition of Tobin Arthur as Chief Strategy Officer and Tensie Axton to the Company's Board of Directors.
Recent Developments and 2025 Outlook
Building on the momentum established in 2024, the Company has already made significant progress in early 2025 to further accelerate its trajectory, including:
- Raised
$24 million - Formally commenced the FAA Type Certification process for the TriFan 600.
- Completed a critical downwash/outwash study and made significant progress on fuel system design, aerodynamic optimization, and drivetrain configuration.
- Expanded the Corporate Advisory Board with strategic additions including Javier de la Peña, Kimberly Montgomery, David Oppenheimer, Stephanie Chung, and Archduke Sandor Habsburg-Lothringen.
- Inpixon subsidiary received the 2025 "RTLS Solution of the Year" award, reinforcing its leadership in industrial location intelligence.
"We are entering a defining era for XTI Aerospace," continued Mr. Pomeroy. "2024 represented a pivotal turning point for our company, and we believe we have laid a strong foundation for the future. As we look ahead, we intend to build on this momentum by continuing to strengthen our team, deepen our industry partnerships, refine our aircraft systems and technology, and reopen pre-orders for the TriFan 600 later this year. At this historic juncture in the evolution of aviation, we are committed to an aggressive path toward becoming a technology leader in the vertical economy."
About XTI Aerospace, Inc.
XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near
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 15, 2025, 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:
Dave Gentry, CEO
RedChip Companies, Inc.
Phone: 1-407-644-4256
Email: XTIA@redchip.com
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SOURCE XTI Aerospace, Inc.
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