Company: XTIA
Filing Date: 2025-06-12
Form Type: S-1
Source: 0001213900-25-053928
Chunk: 8

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-12
Form: S-1
Chunk 8
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 we will need to raise capital for the foreseeable
future. The amount and timing of our future capital needs will depend on various factors, including the progress and results of our airplane’s
design and development, our manufacturing operations, and our success in obtaining the required FAA certifications and other government
approvals. For instance, any significant delays in securing FAA certifications or other government approvals may force us to raise more
capital and could postpone our ability to generate revenue from aircraft sales.

Our RTLS solutions leverage
cutting-edge technologies such as IoT, AI, and big data analytics to provide real-time tracking and monitoring of assets, machines, and
people within industrial environments. With our RTLS solutions, businesses can achieve improved operational efficiency, enhanced safety
and reduced costs. By having real-time visibility into operations, industrial organizations can make informed, data-driven decisions,
minimize downtime, and ensure compliance with industry regulations.

We report financial results
for two segments: Commercial Aviation and Industrial IoT. For Industrial IoT, we 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.

Corporate Strategy Update

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.

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Expanding
into autonomous, remotely operated drones is key to our strategic focus. By combining drone technology