Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 4

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 4
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Fan 600 airplane will provide unique advantages over existing helicopters, turboprop and light jet
airplane. Since the airplane will take off and land vertically, we anticipate that the TriFan 600 will generate significant time savings
on a typical 500-mile trip by traveling point-to-point or utilizing more convenient existing ground and airspace infrastructure (such
as helipads) to avoid or reduce the time traveling on the ground to and from an airport. The TriFan 600 also is expected to have the
capability to take off and land conventionally, if a runway is available. This added capability is expected to increase range and payload
and expand utility.

2

    We plan to either assemble the TriFan 600 airplane in-house with supplier-provided
components or engage a third-party manufacturer to assemble the airplane. By combining existing and future state-of-the-art technologies
and components (including turbine engines, composites, software, advanced propulsion and fuel systems) into our patented proprietary design,
we believe the TriFan 600 will be a commercially successful airplane for the business and other aviation markets.

Real-Time
Location Systems (RTLS) & IIoT Solutions

Our real-time location systems (RTLS) & IIoT solutions consist of the following software and hardware products. During the quarter
ended December 31, 2024, the Company began exploring strategic options to wind down and/or sell the hardware portions of the Company’s
Industrial IoT business segment in order to shift its focus towards sales of software products.

●Industrial
                                            RTLS SaaS Platform - Our full stack offering in the Industrial IoT space includes an
                                            enterprise class, multi-technology RTLS IoT platform for industrial automation. Our RTLS
                                            IoT platform is a comprehensive real-time IoT solution for the implementation of industrial
                                            RTLS (track & trace) applications for indoor and outdoor areas, such as vehicle localization,
                                            production tracking, yard management, gate allocation, forklift location (MHE), real-time
                                            route optimization, and the automatic identification (AutoID) and booking of goods and material
                                            flows. In addition to real-time data applications for the digital twin, it also provides
                                            smart real-time location analyses from a single platform suite, enabling companies to identify
                                            significant process optimizations and make data-based decisions. Prebuilt modules offered
                                            within the platform include smart factory, smart warehouse, inventory manager, shipment manager,
                                            and yard manager. The digital twin of a physical space facilitates use cases for facility