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ENGLEWOOD, Colo. - XTI Aerospace, Inc. (NASDAQ:XTIA), a developer of VTOL and powered-lift aircraft solutions with a market capitalization of $9.01 million, has announced the completion of its TriFan 600 flight deck mockup design, a significant product and engineering milestone for the first quarter of 2025. According to InvestingPro data, the company faces financial challenges with a weak overall health score and negative EBITDA of -$19.72 million in the last twelve months.
The full-scale mockup will play a crucial role in the rapid prototyping and ergonomic assessment of the TriFan 600’s flight deck. It enables XTI’s engineers to work closely with pilots from both fixed-wing and rotary-wing backgrounds to fine-tune the cockpit layout, including control placement, pilot interfaces, vision angles, and cockpit access. InvestingPro subscribers can access 15+ additional insights about XTIA’s financial position and growth prospects.
Dave Ambrose, VP of Engineering at XTI Aircraft, emphasized the mockup’s importance in creating an optimal and safe pilot environment for the TriFan 600, which operates as both an airplane and a helicopter. Scott Pomeroy, Chairman and CEO of XTI Aerospace, added that the mockup would contribute to making the aircraft intuitive and appealing for pilots.
The press release also recapped the company’s progress on its Q1 milestones, which included studies on downwash/outwash, type certification application, engine air intake and exhaust optimization, and fuel system design. The upcoming "Sparrow" subscale working model is slated for early Q2.
XTI Aerospace is known for developing the TriFan 600, a business aircraft with VTOL capabilities, a top speed of 345 mph, and a 700-mile range. Additionally, XTI’s Inpixon business unit specializes in real-time location systems (RTLS) used in various industries to enhance operations and safety.
This announcement follows XTI’s trajectory of innovation and development within the aerospace sector. The completion of the flight deck mockup design marks a step forward in the TriFan 600’s journey to market, though investors should note the company’s stock has declined 76.28% year-to-date. As XTI Aerospace continues its work with a current ratio of 0.46, indicating potential liquidity challenges, the company’s forward-looking statements indicate a commitment to advancing its technology and product offerings, although such statements inherently carry risks and uncertainties.
In other recent news, XTI Aerospace has reported several notable developments. The company has completed an update to the fuel system design of its TriFan 600 aircraft, increasing fuel capacity and reducing unusable fuel, which may enhance the aircraft’s range and endurance. Additionally, XTI Aerospace has made strides in its engine design, improving air intake efficiency and exhaust flow to boost performance. The Federal Aviation Administration (FAA) has accepted XTI’s Type Certification application for the TriFan 600, marking a key milestone in its certification process. Furthermore, XTI Aerospace has authorized a $5 million stock buyback program, reflecting confidence in the company’s intrinsic value. The company also welcomed Archduke Sandor Habsburg-Lothringen to its Corporate Advisory Board, bringing expertise in sustainable energy and telecommunications. These developments are part of XTI’s ongoing efforts to advance its aircraft technology and strengthen its market position.
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