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ENGLEWOOD, Colo. - XTI Aerospace (NASDAQ:XTIA) and Valkyrie Sciences announced Monday a collaboration to develop the Vanguard Platform, an intelligent technology system for vertical takeoff and landing (VTOL) aircraft that will be applied to XTI’s TriFan 600 program. According to InvestingPro data, XTI maintains a positive cash position with more cash than debt on its balance sheet, though the company has been rapidly utilizing its resources for development.
The partnership includes a $2 million strategic investment by XTI in Valkyrie and a services agreement between XTI and Valkyrie Intelligence, according to a company press release. The investment represents approximately 6.7% of XTI’s current market capitalization of $29.77 million.
The Vanguard Platform will integrate Valkyrie’s expertise in graphene and composite materials, battery technology, and smart systems architecture with XTI’s VTOL engineering capabilities.
"Applied AI will be one of the most significant differentiators in this next era of aerospace and defense," said Scott Pomeroy, CEO of XTI Aerospace.
Charlie Burgoyne, CEO of Valkyrie, explained that the platform will feature a "distributed mesh intelligence" system - a networked computing framework designed to enable real-time coordination across aircraft systems.
The collaboration builds on Burgoyne’s existing role on XTI’s Corporate Advisory Board, which began in July 2025. Burgoyne brings experience from his work with various government organizations including DARPA and NASA.
XTI is developing the TriFan 600, a fixed-wing business aircraft designed to combine vertical takeoff capabilities with speeds exceeding 300 mph and a range up to 1,000 miles.
ThinkEquity served as advisor for the transaction, which was disclosed in a Form 8-K filing with the Securities and Exchange Commission. InvestingPro analysis reveals the company’s overall financial health score is currently rated as WEAK, with significant stock price decline over the past year. Subscribers can access 10+ additional ProTips and comprehensive financial metrics to better understand XTI’s investment potential.
In other recent news, XTI Aerospace, Inc. has made several notable announcements. The company has extended the post-termination exercise period for vested stock options for certain executives and independent directors, as per a recent SEC filing. Additionally, XTI Aerospace has welcomed retired U.S. Ambassador Todd Chapman to its Corporate Advisory Board, bringing his extensive diplomatic experience to the team. Steve Zohrabian has been appointed as Executive Vice President to lead the development of XTI Aircraft Company’s VTOL aircraft, including the TriFan 600, guiding it toward type certification and commercialization.
Furthermore, XTI Aerospace has scheduled its 2025 Annual Meeting of Stockholders for November 14, setting proposal submission deadlines for shareholders. The company has also expressed its support for the FAA’s Electric Vertical Takeoff and Landing Integration Pilot Program, which aims to modernize certification processes for new aircraft technologies. These developments reflect XTI Aerospace’s ongoing strategic initiatives and leadership appointments in the aviation industry.
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