ENGLEWOOD, Colo., Oct. 10,
2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:
XTIA) ("XTI" or the "Company"), an aerospace company developing the
revolutionary TriFan 600 aircraft, today announced the release of
software version 1.9 of its proprietary Flight Transition
Simulator. This advanced simulator is designed to optimize
flight transitions from vertical-lift flight to wing-borne flight
and vice versa for the TriFan 600 vertical lift crossover airplane.
The latest update includes the addition of One-Engine-Inop (OEI)
capability, a crucial feature that simulates engine-out scenarios
at specific points during takeoff.
The Flight Transition Simulator utilizes a comprehensive
database of aerodynamic and propulsion data, to make the precise
and complex calculations necessary for the TriFan 600's unique
flight regime. The addition of OEI capability is expected to
enhance the simulator's accuracy in modeling critical flight
scenarios, further supporting the development and refinement of the
TriFan 600.
Scott Pomeroy, Chairman and CEO
of XTI Aerospace, commented, "Every day our engineering team is
working to advance the development of the TriFan 600. We
believe the inclusion of OEI in our Flight Transition Simulator is
another step forward in ensuring the safety and reliability of this
groundbreaking aircraft. It is difficult to share every detail of
our progress, but we do like to periodically showcase the steady
and exciting progress being made."
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
company'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
which include, but are not limited to, the accuracy of the Flight
Transition Simulator in modeling flight scenarios. 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.
