ENGLEWOOD, Colo., Sept. 23,
2024 /PRNewswire/ --XTI Aerospace, Inc. (NASDAQ:
XTIA) ("XTI" or the "Company") today announced the appointment of
Tobin Arthur as Chief Strategy
Officer, effective as of September 19,
2024. In this new role, Mr. Arthur will help guide the
Company's vision and oversee its sales, marketing, and investor
relations.
Tobin Arthur brings over thirty
years of experience in helping companies develop and implement
corporate strategies focused on innovation. Early in his career, he
helped Starbucks Coffee bring disruptive innovation to the market
as it became a rapidly growing public company. After his time at
Starbucks, Mr. Arthur shifted his focus to the healthcare sector,
where he spent the last decade building companies such as CureUs
and AngelMD. CureUs, later acquired by Springer Nature, is a
pioneering medical publishing platform that allows authors to
retain their copyrights while making medical science more
accessible. AngelMD is a large online community that connects
thousands of startups with clinicians and investors.
Mr. Arthur's experience has enabled him to invest in, and/or
advise, over 200 startups and collaborate closely with
entrepreneurs to accelerate their ventures. In 2018, he launched
the podcast Innovation4Alpha, which evolved into a consulting and
investment firm focused on ventures across sectors including
ag-tech, security, real estate, healthcare, and aviation. Mr.
Arthur holds a Bachelor of Arts degree in English from the
University of Southern California.
"I have known Tobin for many years, and his ability to
anticipate market trends and build teams to turn vision into
reality will be invaluable as XTI executes its strategy to disrupt
the aviation marketplace," said Scott
Pomeroy, Chairman and CEO of XTI.
"I have been passionate about aviation and innovation for as
long as I can remember," said Tobin
Arthur, Chief Strategy Officer of XTI. "I believe what makes
XTI unique is its position to lead a significant shift in aviation
by combining the range and speed of business aircraft with vertical
take-off and landing (VTOL) capabilities. Innovation is at the
heart of XTI and the TriFan 600, from its take-off and landing
technology to its interior design, safety features, and how XTI
seamlessly integrates with vendor partners. I believe that XTI has
immense potential to revolutionize commercial, military, and
medical aviation."
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 follow the company
on LinkedIn, 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
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SOURCE XTI Aerospace, Inc.
