Company: XTIA
Filing Date: 2025-08-01
Form Type: S-3
Source: 0001213900-25-070681
Chunk: 9

Company: XTI Aerospace, Inc.
Filing Date: 2025-08-01
Form: S-3
Chunk 9
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 generate revenue from sales of hardware, software licenses and professional services. During the quarter ended December 31, 2024, we began exploring strategic options to wind down and/or sell the hardware portions of our Industrial IoT business segment in order to shift its focus towards the sales of software products. For Commercial Aviation, the segment is pre-revenue as we are currently developing the TriFan 600 airplane.

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Corporate Strategy

Our
primary focus is to power what we term the Vertical Economy™ by delivering high-performance xVTOL solutions that scale from aircraft
to innovative technologies and infrastructure. We identify seven areas that comprise the Vertical Economy: manned aircraft, unmanned aircraft,
power technology, airspace and infrastructure management, artificial intelligence, aircraft advanced materials and next gen manufacturing.
The term “xVTOL” is intended to encompass the broad spectrum of vertical lift technologies within the Vertical Economy, including
various aircraft types (e.g., electric VTOL, regional VTOL and drones), operational models (manned and unmanned), supporting technologies
(e.g., propulsion systems and aerospace-related artificial intelligence technologies) and customer applications. With the TriFan 600 as
our flagship commercial aviation product, we are laying the groundwork for an innovative family of versatile aircraft and solutions addressing
passenger travel, logistics, autonomous operations and defense missions that we believe will unlock significant growth and market leadership.

Expanding into autonomous, remotely operated drones is key to our strategic focus. By combining drone technology with VTOL innovation, we believe we are positioning the Company to accelerate the development of both unmanned aerial vehicles (“UAV”) and VTOL solutions, expand its market presence, and create new revenue-generating opportunities across multiple industries. We will also be opportunistic and may consider other strategic transactions, which may include, but not be limited to, other alternative investment opportunities, such as minority investments and joint ventures. If we make any acquisitions in the future, we expect that we may pay for such acquisitions with cash, equity securities and/or debt in combinations appropriate for each acquisition.

Corporate Information

We were originally formed in the State of Nevada in April 1999. We have two direct, wholly-owned operating subsidiaries: XTI Aircraft Company, based in Englewood, Colorado (at our corporate headquarters), and Inpixon GmbH (previously Nanotron Technologies GmbH), based in Berlin, Germany. IntraNav GmbH, based in Eschborn, Germany, is an indirect subsidiary of the Company and the wholly-owned subsidiary of Inpixon GmbH.