XTI Aerospace Unveils the Latest TriFan 600 Subscale Model at Avalon Airshow in Australia
Rhea-AI Summary
XTI Aerospace (NASDAQ: XTIA) unveiled its latest TriFan 600 subscale model at the Avalon Airshow in Melbourne, Australia. The model demonstrates the aircraft's advanced vertical takeoff and landing (VTOL) capabilities, featuring three operational fans, rotating ducts, and aft fan closing mechanisms.
The company announced plans to begin flight testing its subscale model, codenamed 'Sparrow', which mirrors the latest aerodynamic configuration. The tests will evaluate vertical takeoff, transition to conventional flight, and vertical landing, while validating the 'digital twin' computational fluid dynamics analysis.
At the airshow, XTI shared space with VStar 21, a TriFan 600 pre-order customer specializing in advanced air mobility. VStar 21's CEO Tony Laws expressed enthusiasm for their future fleet, highlighting the aircraft's potential impact on providing rapid access to remote locations across Australia and the Asia-Pacific region.
Positive
- Secured pre-orders from VStar 21 for the TriFan 600 fleet
- Advancing to flight testing phase with subscale model in April 2025
- Strong market interest from operators and investors worldwide
Negative
- Product still in development phase with no revenue generation
- Dependent on successful completion of flight testing
News Market Reaction
On the day this news was published, XTIA gained 0.87%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
New subscale model represents latest aerodynamic configuration
The new model showcases the aircraft's revolutionary vertical takeoff and landing (VTOL) design, featuring the latest aerodynamic configuration with three operational fans, rotating ducts, and aft fan closing mechanisms.
"The TriFan 600 has captivated prospective customers, suppliers and aviation enthusiasts with its cutting-edge technology and superior performance as the far, fast and flexible aircraft," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "This aircraft represents the future of air mobility, seamlessly blending the best of fixed-wing aircraft with the unique capability of vertical takeoff and landing. XTI's presence at the Avalon Airshow allowed us to showcase its transformative design to industry attendees firsthand."
Later this month, XTI Aerospace will begin flight testing its subscale model of the TriFan 600, codenamed "Sparrow." Sparrow mirrors the latest aerodynamic configuration of the TriFan 600 revealed at the Avalon Airshow and will be used to evaluate vertical takeoff, the transition to conventional flight, and the return to vertical mode for landing. These tests will further validate the "digital twin" computational fluid dynamics (CFD) analysis, ensuring the aircraft's design meets the required performance and safety standards.
At Avalon, XTI Aerospace shared exhibition space with VStar 21, a TriFan 600 pre-order customer and premier operator specializing in advanced air mobility. Tony Laws, CEO of VStar 21, expressed his enthusiasm for their future fleet of TriFan 600 aircraft.
"We are thrilled to have orders for the TriFan 600 and look forward to witnessing the transformative impact these aircraft will have on our operations," said Mr. Laws. "Its versatility and advanced technology are key to our mission of providing rapid, efficient access to remote locations, and we believe it will be a game-changer in saving lives across
To learn more about VStar 21, visit http://www.vstarpoweredliftaviation.com/.
The Avalon Airshow serves as a premier platform for industry leaders to showcase technological advancements and foster strategic partnerships. XTI Aerospace remains committed to transforming advanced air mobility beginning with its initial Regional xVTOL in the TriFan 600. XTI's innovations and the TriFan 600 continue to generate excitement and strong interest from operators, investors, and aerospace enthusiasts worldwide.
About XTI Aerospace, Inc.
XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about the products under development by XTI, the advantages of XTI's technology, and XTI's customers, plans and strategies are forward-looking statements.
Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 16, 2024, and in subsequent reports filed with or furnished to the SEC.
Contacts
General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact/
Investor Relations:
Crescendo Communications
Tel: +1 212-671-1020
Email: XTIA@crescendo-ir.com
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SOURCE XTI Aerospace, Inc.
FAQ
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