Englewood, Koro., April 2, 2025 /PRNewswire/ -XTI Aerospace, Inc. (NASDAQ: XTIA) pioneering VTOL and Powered-Lift Aircraft Solutions today announced the launch of the Innovation Lab within the XTI Aerospace Prototyping and Innovation Lab hive. Grand Forks, North Dakota. The Hive is a unique hybrid business accelerator and incubator focusing on vertical takeoff and landing (VTOL) and unmanned aerial vehicle systems (UAS).
The new lab is designed to accelerate the development of XTI's flagship powerlift aircraft, the Trifan 600. This will initially focus on the advancement of the subscale model, “Sparrow,” codenamed “Sparrow,” and advance towards the construction of a more advanced model, “Kestrel.” Under the guidance of a professor Robert LuneyVTOL systems experts and aerospace professors University of North Dakotateams work to optimize aircraft performance capabilities and develop cutting-edge flight control centers. Professor Lunnie has brought together a highly skilled team dedicated to developing subscale models for XTI.
XTI Aerospace expects the new lab not only to enhance the design and flight capabilities of the Trifan 600, but also to contribute to wider advances in aviation technology. By leveraging Hive's collaborative environment and leveraging internal expertise and resources Grand Fork Aerospace Community, XTI, places itself at the forefront of the VTOL and Powered-Lift industries.
“We're committed to providing a great opportunity to help you,” said Tobin Arthur, Chief Strategy Officer at XTI Aerospace. “With Professor Luney's leadership and strong local support and resources, working at XTI Prototyping and Innovation Labs will bring us closer to delivering transformative trifans.”
Brandon Bochensky,mayor The city of Grand Forkadded, “Grand Fork US Air Force, various government agencies, University of North Dakotaand a hybrid incubator. The arrival of XTI Aerospace is looking forward to joining us in strengthening our position as a leader in aerospace technology and accelerating the path to the first flight of the Trifan 600. ”
Professor Lunney said, “Our team is highly motivated and enthusiastic to push the boundaries of aerospace innovation. We promise to meet and surpass the important milestones that will ultimately shape the future of air movement.”
“We look forward to Professor Luney and XTI Aerospace working together on the hive,” he said. Johnny Ryanexecutive director of Hive. “Their work represents the co-ecosystem we raised. Grand Fork. As a major UAS market player, XTI's existence is a major step in its evolution into a broader mission that incorporates everything from the VTOL and powerlift markets. ”
XTI Aerospace, Inc. About
XTI AEROSPACE (XTIAEROSPACE.COM) (NASDAQ: XTIA) is the parent company of nearby aviation business, XTI Aircraft Company. Denver, Coloradocurrently developing the Trifan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities for helicopters, creating a vertical lift crossover plane (VLCA) with a speed of 345 mph and a 700-mile range. Additionally, XTI Aerospace's Inpixon (Inpixon.com) business unit is a leader in real-time location systems (RTLS) technology with customers around the world, helping to optimize operations, improve productivity and improve safety using company location intelligence solutions in factories and other industrial facilities. For more information about XTI Aerospace, visit Xtiaerospace.com and Hangerxstudios.com (Aviation Innovation Podcast) and follow the company on LinkedIn, Instagram, X and YouTube.
Notes on Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than the historical fact statements contained in this press release are forward-looking statements, including XTI's product development statements, the benefits of XTI's technology, and XTI's customers, plans and strategies.
Some of these forward-looking statements can be identified by using forward-looking words such as “believe,” “continue,” “continue,” “will,” “will,” “estimate,” “intent,” “plan,” “target,” “project,” or negative of variation in these or similar expressions. All forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied by such forward-looking statements. All forward-looking statements are considered reasonable by XTI Aerospace and its management, but are uncertain in nature and are based on estimates, forecasts and assumptions that many factors may cause actual results to differ materially from current expectations. XTI assumes no obligation to modify any forward-looking statements to reflect any events or circumstances that may occur subsequently. Readers are encouraged to carefully review and consider the risk factors discussed from time to time in XTI's SEC submission, including those factors discussed in “risk factors” in the latest annual report on Form 10-K. April 16, 2024and subsequent reports submitted or submitted to the SEC.
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