ENGLEWOOD, Colo., Jan. 14,
2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq:
XTIA) ("XTI Aerospace" or the "Company"), a pioneer in VTOL and
Powered-Lift aircraft solutions, today announced that David Oppenheimer has joined the XTI Corporate
Advisory Board.
Mr. Oppenheimer is a seasoned professional with over 40 years of
experience in advancing emerging technologies and national policy.
He has led global research teams focused on advanced analog
computing based on neural networking theories and optical display
technologies for defense applications. Working with General Atomics
(GA) Founder Linden Blue, an honored member of Living Legends of
Aviation, he has advanced the development of a new generation of
commercial/private aircraft and of GA's EM2, a next-generation
modular nuclear reactor. As president of National Sensor
Corporation, he progressed the commercialization of chemical
weapons sensor platforms for Western force protection.
Previously, Mr. Oppenheimer served as an advisor to the Chairman
of the U.S. House Committee on Science, Space, and Technology,
influencing bipartisan policies related to patent rights, foreign
policy, and technological innovation. His extensive background
includes roles in nuclear materials control and participation in
studies addressing the risks of state and terrorist-sponsored
chemical and biological threats.
"David is an incredibly intelligent and experienced leader with
deep experience in the sciences and aviation," said Michael Tapp, Chairman of the XTI Corporate
Advisory Board. "After extensive due diligence, David determined
that XTI has the potential for significant impact on the future of
air travel and has agreed to join our team to help bring that
vision to fruition."
"I am honored to join the XTI Aerospace team during this
exciting time of innovation in the aviation industry," noted Mr.
Oppenheimer. "With my background in advancing emerging technologies
and engaging in national policy, I look forward to contributing to
the development of groundbreaking solutions that will shape the
future of commercial and private aviation. Together, we will expand
the boundaries of what is possible."
About XTI Aerospace, Inc.
XTI Aerospace, Inc. (XTIAerospace.com) (NASDAQ: XTIA) is the
parent company of XTI Aircraft Company, an aviation business based
near Denver, Colorado, currently
developing the TriFan 600, a fixed-wing business aircraft designed
to have the vertical takeoff and landing ("VTOL") capability of a
helicopter, speeds of 345 mph and a range of 700 miles.
Additionally, the Inpixon (inpixon.com) business unit of XTI
Aerospace is a leader in real-time location systems ("RTLS")
technology with customers around the world who use the Company's
location intelligence solutions in factories and other industrial
facilities to help optimize operations, increase productivity, and
enhance safety. For more information about XTI Aerospace, please
visit XTIAerospace.com, and follow the company
on LinkedIn, X, and YouTube.
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, the
combined company'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.
