Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 12

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 12
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 and systems in combination
                                            with our platform. Our open architecture is designed to enable the integration of disparate
                                            technologies, preserve investment and avoid obsolescence. APIs and MQTT make it possible
                                            to move data in and out of our platform to enable a plethora of opportunities and benefits.

7

Intellectual
Property

TriFan
600 

We have received a utility
patent (US Patent 9,676,479) and a design patent (US Patent D741247) for a VTOL airplane that includes a pair of ducted lift/thrust fans
that are rotatably moveable between the lift and thrust positions. Based on those U.S. patents, the Company has also applied for and has
been issued multiple additional foreign utility patents, including from China, Japan, Europe and Canada. We have sought to protect our
intellectual property using patents and trade secrets. Employee and third-party consultants have signed non-disclosure agreements with
Legacy XTI which include standard provisions related to assignment of work product and other requirements to further protect its proprietary
rights. We are continuing to develop intellectual property, and we intend to aggressively protect our position in key technologies. We
own several trademarks protecting Legacy XTI’s name and logo. Our intellectual property also includes extensive data, engineering
analyses and other know-how.

We have obtained broad patent
protection in both respects through the above-referenced patents. Under the European patent, we have applied for issuance of patents
in the U.K., France, Germany, and Italy, where we expect the airplane will be sold and used. Patents are also pending in Brazil.

RTLS

To
establish and protect our proprietary rights, we rely on a combination of patents, trademarks, copyrights, trade secrets, including know-how,
license agreements, confidentiality procedures, non-disclosure agreements with third parties, employee disclosure and invention assignment
agreements, and other contractual rights. We do not believe that our proprietary technology is dependent on any single patent or copyright
or groups of related patents or copyrights. We believe the duration of our patents is adequate relative to the expected lives of our
products.

In connection with the Company’s
disposition of its enterprise app business lines to CXApp, Inc. in March 2023 (see Part III, Item 11 “Executive Compensation —
Completed Transaction Bonus Plan” for more information about this disposition), each of the Company and CXApp, Inc. granted the other
party (each, a “Licensee”) a limited