Welcome to our dedicated page for Xeriant news (Ticker: XERI), a resource for investors and traders seeking the latest updates and insights on Xeriant stock.
Xeriant, Inc. reports developments tied to advanced materials, fire-resistant composite technology, and commercialization activity. Company updates center on the DUREVER™ advanced materials platform, NEXBOARD™ composite construction panels, and NexPatch™, a fire-resistant joint compound designed for NEXBOARD installations.
Recurring news themes include internal and third-party fire-performance testing, patent and trademark activity, manufacturer interest in fire-retardant formulations, and the Factor X Research Group’s role in identifying and developing technologies across construction, aerospace, security, and related industrial markets.
Xeriant, Inc. has entered a joint venture with Slovakian company Movychem to develop and commercialize the eco-friendly Retacell fire retardant technology, acquiring exclusive worldwide rights. This 50/50 partnership is set to tap into industries valued over $5 trillion, including construction, electronics, and aerospace. Retacell's biodegradable, non-toxic properties are expected to enhance safety in various applications, particularly in aircraft. This agreement positions Xeriant to capture significant revenue in green fire retardant chemicals, bolstered by a potential market growth in sustainable materials.
Xeriant, Inc. (OTCQB: XERI) announced the appointment of Col. John “Bones” Parker (Ret.) to its Board of Advisors. Parker, a former Boeing Director with over 35 years of aviation experience, will support Xeriant's strategy in acquiring legacy aerospace businesses. His background includes significant roles in military sales and operations, providing valuable expertise in vertical lift aircraft and international military sales. Xeriant is focused on advanced air mobility and developing next-generation electric aircraft.
Xeriant, Inc. (OTCQB: XERI), an aerospace company focused on Advanced Air Mobility (AAM), released a year-end update highlighting its strategic initiatives and future growth plans. The company established a joint venture with XTI Aircraft, progressing on the hybrid-electric TriFan 600 VTOL airplane, which has secured preorders worth nearly $2 billion. Xeriant is also working on commercializing Movychem’s non-toxic flame retardant and completed a $6 million financing round. The leadership emphasizes a robust foundation for sustainable growth and shareholder value.
Xeriant, Inc. (OTCQB: XERI) closed $6.05 million in financing, essential to meet commitments in its joint venture with XTI Aircraft Company. This funding supports negotiations for a definitive merger agreement and plans for a public offering and uplisting.
The joint venture aims to develop the TriFan 600, a leading hybrid-electric VTOL aircraft with over $1.3 billion in pre-orders. CEO Keith Duffy emphasized the significance of this financing in advancing Xeriant's objectives in the Advanced Air Mobility sector.
Xeriant, Inc. (OTCQB: XERI) is progressing towards a definitive merger agreement with XTI Aircraft Company, focusing on the development of advanced air mobility solutions. The merger, announced via a Letter of Intent, aims for completion by October 22, 2021. XTI Aircraft's flagship product, the TriFan 600, is a hybrid-electric VTOL aircraft with over $1.3 billion in pre-orders. Xeriant's CEO, Keith Duffy, emphasized the company's commitment to eco-friendly aviation as they aim to enhance their portfolio in the aerospace sector.
Xeriant, Inc. has appointed Alfred Rapetti to its Advisory Board. With over $4 billion in transaction experience and a successful track record in aerospace and finance, Rapetti is poised to enhance Xeriant's strategic vision. He previously transformed Avantair, significantly increasing its equity value. Despite XTI Aircraft not participating in the 2021 NBAA Conference, Xeriant anticipates leveraging Rapetti's operational insights for future growth in the Advanced Air Mobility sector.
Xeriant, Inc. (OTCQB: XERI) will showcase its commitment to Advanced Air Mobility at the 2021 NBAA Business Aircraft Convention in Las Vegas from October 12-14. Partnering with XTI Aircraft Company, Xeriant will display the TriFan 600, a hybrid-electric VTOL aircraft. The event will include discussions on federal perspectives for AAM, featuring key industry leaders. Xeriant also received a 'Stock Promotion' flag from OTC Markets due to a newsletter campaign, which it did not initiate. The company remains dedicated to developing next-gen aircraft and infrastructure.
Xeriant, Inc. (OTCQB: XERI) has announced a Letter of Intent to merge with XTI Aircraft Company, the developer of the TriFan 600, a next-generation hybrid-electric VTOL aircraft. The merger aims for Xeriant to acquire 100% of XTI's shares, with plans to finalize a definitive agreement by October 22, 2021. Maxim Group LLC has been retained as a financial advisor for this transaction, which may also facilitate an uplisting of Xeriant’s stock to a national exchange.
Xeriant, Inc. has appointed Robert Carullo to its Advisory Board, bringing extensive experience in aircraft development and defense contracting. Carullo has managed numerous aviation projects, including the V-22 Osprey, and has overseen significant budgets. He aims to leverage his expertise to advance Xeriant's initiatives in Advanced Air Mobility (AAM). Following his government career, he has consulted for various aerospace firms and leads the SMART Congressional Initiative, focusing on technological growth in the mid-Atlantic region.
Xeriant, Inc. (XERI) has uplisted its common stock to the OTCQB Venture Market, enhancing its visibility and potentially broadening its shareholder base. The move follows the company's joint venture with XTI Aircraft, aimed at developing the TriFan 600, a revolutionary hybrid-electric aircraft with over $1.3 billion in preorders. The OTCQB uplisting is expected to provide investors with improved transparency and trading liquidity, being recognized by the SEC for its established public market.