ENGLEWOOD, Colo., Nov. 18, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company") today congratulates Damon Motors Inc. ("Damon Motors") on the announced completion of its business combination with Grafiti Holding Inc. a former subsidiary of XTI Aerospace, Inc., (which was renamed Damon Inc. on closing) ("Damon").

In connection with the transaction, XTI Aerospace received securities of Damon consisting of common stock and warrants. The common shares of Damon Inc. are expected to begin trading under the ticker symbol "DMN" on the Nasdaq Global Market on November 18, 2024.

ENGLEWOOD, Colo., Nov. 14, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company") today provided a business update and announced the scheduled filing of its quarterly report on Form 10-Q for the quarter ended September 30, 2024.

"We are making steady progress as it relates to the development of the TriFan 600, a fixed-wing, vertical lift crossover airplane uniquely designed to meet the needs of the evolving aviation industry and its customers," commented Scott Pomeroy, CEO of XTI Aerospace. "We are nearing the completion of our conceptual design review phase, which will represent a significant milestone in our journey toward commercialization. This progress underscores our commitment to thorough planning and innovation. Importantly, we anticipate transitioning into the preliminary design review stage in early 2025, where we will refine our designs and further develop our engineering solutions.

ENGLEWOOD, Colo., Nov. 13, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announced that Javier de la Peña, Strategy and Operations Executive at Woven by Toyota, a Toyota Motor Corporation Group Company, has joined the XTI Aerospace Corporate Advisory Board.

Mr. de la Peña is a strategic leader with over 15 years of experience driving transformative initiatives in the transportation, robotics and technology sectors. In his current role at Woven by Toyota, a Toyota Motor Corporation Group Company, he is focused on advancing Toyota's vision of sustainability and next-generation mobility services. Mr. de la Peña plays a key role in shaping software-side strategies that have a global impact. He earned a master's degree at Georgetown University and completed fellowships at Google and eBay, where he developed a well-honed approach to market expansion and digital innovation.

ENGLEWOOD, Colo., Oct. 30, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announced that Jennifer Gaines has joined the Company as its Chief Legal Officer, effective October 28, 2024. Ms. Gaines will report directly to the Company's Chairman and CEO, Scott Pomeroy, and will be responsible for overseeing all XTI Aerospace's legal and compliance functions.

Podcast to Deliver Insights on Aviation Innovations for Industry Professionals and Investors in Transportation/Infrastructure Transformation

ENGLEWOOD, Colo., Oct. 21, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announced that it will be a founding sponsor and partner in Hangar X Studios, a podcast focusing on the cutting-edge world of aviation. The Hangar X Studios show will be available on all major podcast platforms, and episodes will drop weekly. To experience the first episodes, and for more information, visit www.hangarxstudios.com.

ENGLEWOOD, Colo., Oct. 10, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI" or the "Company"), an aerospace company developing the revolutionary TriFan 600 aircraft, today announced the release of software version 1.9 of its proprietary Flight Transition Simulator. This advanced simulator is designed to optimize flight transitions from vertical-lift flight to wing-borne flight and vice versa for the TriFan 600 vertical lift crossover airplane. The latest update includes the addition of One-Engine-Inop (OEI) capability, a crucial feature that simulates engine-out scenarios at specific points during takeoff.

ENGLEWOOD, Colo., Sept. 23, 2024 /PRNewswire/ --XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI" or the "Company") today announced the appointment of Tobin Arthur as Chief Strategy Officer, effective as of September 19, 2024. In this new role, Mr. Arthur will help guide the Company's vision and oversee its sales, marketing, and investor relations.

Tobin Arthur brings over thirty years of experience in helping companies develop and implement corporate strategies focused on innovation. Early in his career, he helped Starbucks Coffee bring disruptive innovation to the market as it became a rapidly growing public company. After his time at Starbucks, Mr. Arthur shifted his focus to the healthcare sector, where he spent the last decade building companies such as CureUs and AngelMD. CureUs, later acquired by Springer Nature, is a pioneering medical publishing platform that allows authors to retain their copyrights while making medical science more accessible. AngelMD is a large online community that connects thousands of startups with clinicians and investors.

Michael Tapp Named Advisory Board Chairman and Senior Advisor

Newly Formed Advisory Board to Help Evaluate Strategic Opportunities

ENGLEWOOD, Colo., Sept. 11, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) today announced formation of the XTI Corporate Advisory Board and the appointment of Michael Tapp as its Chairman. Mr. Tapp is an operating partner for Palingen Capital, an evergreen holding company that acquires lower middle market businesses from legacy-minded owners.  Mr. Tapp will also serve as a Senior Advisor to the Company. 

ENGLEWOOD, Colo., Aug. 14, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announces a business update and the filing of its quarterly report on Form 10-Q for the quarter ended June 30, 2024.

"We continue to advance the development of the TriFan 600, a fixed-wing, vertical lift crossover aircraft uniquely designed to meet the needs of the evolving aviation industry and its customers," said Scott Pomeroy, CEO of XTI Aerospace. "In the second quarter, XTI Aerospace and AVX Aircraft Company ("AVX"), a leader in advanced vertical lift solutions, announced the signing of a letter of intent, and are currently progressing towards a definitive agreement, whereby AVX's experienced engineers will provide design, development and certification services to XTI Aerospace, reducing overall commercialization costs and potentially accelerating the timeline to first flight."