Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 1

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1
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 will likely require us to raise
additional capital and delay our generation of revenues 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.

Corporate
Strategy

In
addition to advancing the design and certification of the TriFan 600 for commercial production and sale, and in order to continue to respond
to rapid changes and required technological advancements, increase our opportunities for revenue generation, and increase shareholder
value, we are exploring strategic transactions and opportunities that we believe will enhance shareholder value. We are particularly focused
on delivering leading, business-focused solutions that seek to shape the future across powered-lift aircraft solutions. Expanding into
autonomous, remotely operated drones is key to our strategic vision. By combining drone technology with VTOL innovation, we believe we
are positioning XTI to accelerate the development of both unmanned aerial vehicles (UAV) and VTOL solutions, expand its market presence,
and create new opportunities across multiple industries. We will also be opportunistic and may consider other strategic and/or attractive
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. In this regard, in January of this year, we entered into a non-binding memorandum
of understanding to acquire a minority equity interest in an AI-powered, autonomous drone company. We may enter into one or more additional
non-binding letters of intent in connection with our due diligence and strategic transaction evaluation process. In addition to these
strategic initiatives, we also intend to invest in a variety of thought leadership marketing and branding initiatives to increase market
visibility and enhance our brand strength and credibility within the powered lift aircraft market.

1

The
Air Travel Market

In today’s regional air travel market, customers have two choices
– either a fixed-wing airplane, which requires a runway, or a helicopter, which is slower, comparatively expensive, and relatively
range limited. What we intend to bring to market is a unique airplane combining the speed, range