Company: XTIA
Filing Date: 2025-06-03
Form Type: DRS
Source: 0001213900-25-050156
Chunk: 7

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-03
Form: DRS
Chunk 7
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utionary Note Regarding Forward-Looking Statements.” Our actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those discussed in the “Risk Factors” and other sections included or incorporated by reference herein.

Overview

We are primarily an aircraft
development company. We also provide real-time location systems (“RTLS”) for the industrial sector.

Headquartered in Englewood,
Colorado, the Company is developing a vertical takeoff and landing (“VTOL”) airplane that is designed to take off and land
like a helicopter and cruise like a fixed-wing business airplane. We believe our initial configuration, the TriFan 600 airplane, will
be one of the first civilian fixed-wing VTOL airplanes that offers the speed and comfort of a business airplane and the range and versatility
of VTOL for a wide range of customer applications, including private aviation for business and high net worth individuals, emergency medical
services and regional charter air travel, defining a new category of VTOL that we term the “xVTOL.” The TriFan 600 is a seven-occupant
airplane intended to provide point-to-point air travel over distances of up to 985 miles, fly at twice the speed and three times the range
of competing helicopters and cruise at altitudes of up to 25,000 feet. Since 2013, we have been engaged primarily in developing the aerodynamic
performance and top-level engineering design of the TriFan 600, building and testing a two-thirds scale unmanned version of the TriFan
600, generating pre-orders for the TriFan 600, and seeking funds from investors to enable the Company to advance the detailed design and
certification of the TriFan 600, and to eventually engage in commercial production and sale of the TriFan 600.

We continue to work to optimize
our airplane design for both manufacturing and certification. The development of an xVTOL airplane that meets our business requirements
demands significant design and development efforts on all facets of the airplane. We believe that by bringing together a mix of talent
with VTOL and traditional commercial aerospace backgrounds, we have built a team that enables us to move through the design, development,
and certification of our xVTOL airplane with the Federal Aviation Administration (“FAA”) in an efficient manner, thus allowing
us to achieve our end goal of bringing to market our airplane as efficiently as possible.

To date, we have not generated
any revenue from aircraft sales because we are still designing and developing our xVT