ENGLEWOOD, Colo., Nov. 13,
2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:
XTIA) ("XTI Aerospace" or the "Company") today announced that
Javier de la Peña, Strategy and Operations Executive at Woven by
Toyota, a Toyota Motor Corporation Group Company, has joined the
XTI Aerospace Corporate Advisory Board.
Mr. de la Peña is a strategic leader with over 15 years of
experience driving transformative initiatives in the
transportation, robotics and technology sectors. In his current
role at Woven by Toyota, a Toyota Motor Corporation Group Company,
he is focused on advancing Toyota's vision of sustainability and
next-generation mobility services. Mr. de la Peña plays a key role
in shaping software-side strategies that have a global impact. He
earned a master's degree at Georgetown
University and completed fellowships at Google and eBay,
where he developed a well-honed approach to market expansion and
digital innovation.
"I have been very fortunate to be part of global innovation
efforts within the family of Toyota companies," said Mr. de la
Peña. "The more I learned about XTI Aerospace and the TriFan 600
aircraft, the more apparent it became to me that this was a
game-changing innovation of which I wanted to be a part."
"I am excited to add Javier's knowledge around technology and
transportation innovation to our Corporate Advisory Board," said
Scott Pomeroy, Chairman and CEO of
XTI Aerospace. "Additionally, Toyota has made significant
investments into the eVTOL sector, specifically Joby Aviation,
demonstrating their overall commitment to next-gen transportation
initiatives. Given Javier's unique role at Toyota, we are very
fortunate to have him involved in helping to advise XTI Aerospace
as we develop the TriFan 600 and bring it to market."
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 up to 345 mph and a range of approximately
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 Aerospace, the advantages of XTI Aerospace's
technology, XTI Aerospace'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 Aerospace 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 Aerospace'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.
