XTI, Developer of a Vertical Lift Crossover Airplane (VLCA), has Conditional Pre-orders of more than 700 Aircraft, a more than $7 Billion Delivery Value

DENVER, Colo, Aug 2, 2023 (24/7 MARKET NEWS www.247marketnews.com) – Frequent 24/7 Market News visitors know that few outlets have covered Vertical Take Off and Landing (VTOL) listings more passionately than us. For example, we covered the very early May move, when Joby Aviation Inc. (NYSE: JOBY) was around $4, Archer Aviation Inc. (NYSE: ACHR) was about $2, and Lilium N.V. (NASDAQ: LILM) just crossed above 50 cents. Our continued coverage included calling the sector’s bottom during the late June pullback.

Now that we’ve proven our bona fides, we would like to direct your attention to the news that XTI Aircraft Company ("XTI") and Inpixon (Nasdaq: INPX) entered into a definitive merger agreement. We believe that this may be the year’s biggest VTOL move, as the proposed merger not only combines XTI’s TriFan 600, a developmental fixed-wing VTOL aircraft, and Inpixon’s real-time location systems technology, it should be followed by a healthy funding agreement that should help position XTI to take the leadership mantle in this space.

In addition to XTI’s reported conditional pre-orders of more than 700 aircraft, which would could generate over $7 billion in revenues, upon successful delivery, XTI may have a huge advantage, as its design should fit the current FAA flightpath framework.

The companies stated that XTI’s enterprise value of $252 million and $343 million was ascertained by an independent financial advisory firm, compared to $1.6 billion for certain public companies with similar business models in the air travel/VTOL segment of the aviation industry, so the post proposed merger, expected to be completed by fourth quarter of 2023, appears to be set up to capture a bunch of upside value, upon meeting certain milestones.

A little-known way to play this is via Xeriant, Inc. (OTCQB: XERI), which was the key early investor in XTI. Xeriant executed a joint venture with XTI on May 31, 2021, to advance the design and development of their TriFan 600, with the stated goal of completing Preliminary Design Review, which occurred in early 2022. Xeriant’s cash infusion into the joint venture topped $5.5 million, enabled critical engineering work on the TriFan 600, resulting in a number joint venture design changes, including substantial modifications to its propulsion system.

XTI is led by an experienced management team with a successful track record of bringing aircraft to market, and has secured patent protection in the U.S., Canada, China, Japan, and Europe. They’re developing the TriFan 600 to combine the performance of a fixed-wing business aircraft with VTOL capability. XTI estimates that the TriFan will have a speed up to 345 mph and a range of 700 miles – both more than twice that of most civilian helicopters similar in size to the TriFan – thus creating a new "vertical lift crossover airplane" (VLCA) category.

The TriFan 600's current worldwide addressable market is comprised of 58,000 turbine powered business aircraft (fixed-wing and rotorcraft) and should reduce travel time, and operating expenses, while utilizing existing infrastructure including over 5,000 existing helipads in the U.S. alone, as well as driveways, back yards, job sites, private landing pads, remote locations -- wherever it's safe and legal.

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