Definitive Agreement is Expected to Shorten Timeline and Reduce Costs Related to Design, Development and Certification of XTI’s TriFan 600

ENGLEWOOD, Colo., June X, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace", or the "Company") today announced that its subsidiary, XTI Aircraft Company (“XTI Aircraft”), has signed a Letter of Intent (“LOI”) with AVX Aircraft Company (“AVX”), a leader in advanced vertical lift solutions, to provide development, design, and certification services to support XTI Aircraft’s proprietary and patented TriFan 600, a fixed-wing aircraft with vertical takeoff and landing (“VTOL”) capability. The definitive agreements are expected to be signed in the coming weeks.

Read the full press release on our Investor Relations site.

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