28-Jul-2023Source: Inpixon
Inpixon® (Nasdaq: INPX), a leading provider of real-time location systems (“RTLS”), announced it has entered into a definitive merger agreement with XTI Aircraft Company (“XTI”), an aviation company developing the TriFan 600, a fixed-wing, vertical takeoff and landing (VTOL) aircraft. The enterprise value of XTI was ascertained by an independent financial advisory firm to be within the... Read more
10-May-2021Source: XTI Aircraft Company
XTI Aircraft Company (XTI) has signed a Memorandum of Understanding (MoU) with Enterprise Estonia, Estonian Aviation Cluster (EAC), and the Estonian Aviation Academy (EAVA) to recognize Estonia as a Regional Mobility hub for the TriFan 600, the world’s first civilian hybrid-electric long-range vertical takeoff and landing (VTOL) airplane. The organizations intend to collaborate with XTI... Read more
7-May-2021Source: XTI Aircraft
XTI Aircraft Company (XTI), a privately-held company developing the world’s first long-range civilian vertical takeoff and landing airplane, announced the hiring of James Kromberg to lead XTI’s flight test team, and develop its training plan and test requirements for the TriFan 600. Mr. Kromberg is a senior flight test pilot and aeronautical engineer with over... Read more
11-Sep-2019Source: XTI Aircraft
XTI Aircraft Company (XTI) announced it has been invited by the National Business Aircraft Association to exhibit its revolutionary TriFan 600 vertical takeoff airplane as part of NBAA’s Innovation Exhibit at its annual Business Aircraft Convention & Exhibit (BACE) in Las Vegas, October 22-24, 2019. “We’re delighted to be chosen by NBAA to exhibit and... Read more
4-Jun-2019Source: Heliflite
XTI Aircraft Company (XTI) announced it has entered into a sales and services agreement with Heliflite, one of the leading aircraft distributors in Australasia. “This is a major development for XTI,” said XTI Chief Executive Officer Robert LaBelle. “We’re pleased to be working with Heliflite on an exclusive basis in this part of the world.... Read more
10-Nov-2017Source: XTI Aircraft
Responding to invitations from the superyacht community, XTI Aircraft Company (XTI) exhibited the revolutionary TriFan 600 at the Ft. Lauderdale International Boat Show, November 1-5, 2017, the world’s largest boat show. Following the show, XTI announced today it has received over 60 orders from customers under its pre-sales program, in addition to several more large... Read more
23-Oct-2017Source: XTI Aircraft
XTI Aircraft Company (XTI) announced today it received several additional orders and deposits from customers under its pre-sales program. “We’re pleased with the strong interest that we received at NBAA’s 2017 Business Aviation Convention,” said Robert LaBelle, Chief Executive Officer of XTI. “These are serious buyers who reserved a priority number for the eventual commercial production... Read more
13-Jul-2017Source: XTI Aircraft Company
XTI Aircraft Company (XTI) announced today that Silicon Valley investor and serial entrepreneur Paul Willard has joined XTI’s board of directors for a three-year term, effective June 15, 2017. Paul Willard, Silicon Valley investor and entrepreneur, joins XTI Aircraft Board “Paul spent seven years as a Boeing aerodynamics engineer,” said David Brody, founder and Chairman... Read more
7-Jun-2017Source: XTI Aircraft
XTI Aircraft Company (XTI) announced today it has been selected by the Paris Air Lab Programming Committee to exhibit at the Paris Air Show. The exhibit space is hosted by the French Aerospace Industries Association in coordination with Starburst Accelerator, a major aerospace, defense and security investment fund and consulting firm. In addition to exhibiting... Read more
4-Apr-2017Source: XTI Aircraft
XTI Aircraft Company (XTI) announced today that it received a written Notice of Allowance from the U.S. Patent and Trademark Office, stating that the USPTO will issue a utility patent for the TriFan 600 vertical takeoff airplane. “This is another important milestone for the company,” said Robert LaBelle, XTI’s Chief Executive Officer. “Issuance of this... Read more
8-Sep-2016Source: XTI
XTI Aircraft Company (XTI) today launched the next phase of its funding strategy to bring the TriFan 600 to market. In addition to its ongoing equity crowdfunding campaign, XTI entered into an engagement agreement with the New York investment bank Primary Capital LLC, for XTI’s $20 million Series B round. The security being offered to... Read more
9-Aug-2016Source: XTI
XTI Aircraft Company (XTI) announced today that it has entered into a preliminary agreement with the Aerospace division of Honeywell International under which Honeywell will supply its HTS900 engine for use in XTI’s first prototype, a two-thirds piloted subscale of the TriFan 600 vertical takeoff airplane. Honeywell will also provide an additional engine for use in... Read more
25-Jul-2016Source: XTI Aircraft
XTI Aircraft Company (XTI) has taken three important steps toward flying its first piloted TriFan 600 prototype within two years. XTI has: Re-opened its crowdfunding initiative after receiving Securities & Exchange Commission (SEC) approval to sell 20 million shares of common stock to investors, effective immediately, at www.startengine.com/startup/xti Accelerated its development schedule with plans to... Read more
22-Apr-2016Source: XTI Aircraft
After capturing the imagination of the public with its TriFan 600 vertical takeoff airplane, XTI Aircraft Company (XTI) is accelerating its development program and redoubling efforts to translate excitement about the aircraft into $3 million in actual investments. The $3 million milestone is essential to fund important next steps in an accelerated development program that... Read more
26-Aug-2015Source: XTI Aircraft
A group of business aviation visionaries today invited the world to help shape and own the future of flight. Starting today, aviation enthusiasts and crowdfunders nationwide are actively participating in the launch of XTI Aircraft Company’s (XTI) equity crowdfunding campaign, the first fundraising effort of its kind in aviation history — to develop the TriFan... Read more
