XTI Aircraft Exceeds $1 Million in Equity Crowdfunding Investments; Will Accelerate Development of TriFan 600 Prototype

The $3 million milestone is essential to fund important next steps in an accelerated development program that includes flying a 65 percent subscale piloted technology demonstrator of the TriFan 600 within two years. "The move from a full-scale flying prototype to this subscale will trim a year from the development schedule," said XTI's Chief Engineer Dr. Dennis Olcott. "It will reduce cost and accelerate the return on equity to shareholders without compromising technical development or performance."

An operational propulsion jet stand that will house the engine, drive train system, fans and flight controls is also planned for the short term, contingent on funding. XTI's equity crowdfunding initiative has garnered more than $20 million in expressed interest and more than 700 individuals have converted that amount into $1 million so far, with investments ranging from $350 to $50,000 each.

"In order to fund these development plans, this phase of the campaign is focused on generating further participation from our supporters, increasing our conversion rate and reaching our $3 million goal," said XTI founder and Chairman David Brody. "For everyone who is excited by this groundbreaking spectacular airplane and wants to get in on the ground floor of bringing the TriFan 600 to market, now is the time to invest."

Brody added that all current and future shareholders will have the ability to buy and sell XTI shares, valued at $1 per share in the current offering, on a public market. This ongoing investment opportunity is not only open to those who had signed up and expressed interest in investing in XTI previously, but to all investors around the globe.  Shares may be purchased at: www.startengine.com/startup/xti 

By applying existing technologies in a revolutionary new configuration, the TriFan 600 airplane combines the speed, range and comfort of a business jet with the ability to take off and land like a helicopter. 

ABOUT XTI
XTI Aircraft Company is a privately owned aviation business based in Denver. XTI is guided by a leadership team with decades of experience, a deep well of expertise, and success bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers.

For information and updates about XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com/home. To invest, go to www.startengine.com/startup/xti  

Media Contact
BDN Aerospace Marketing
(480) 924-0690
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AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. YOU MAY OBTAIN A COPY OF THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT FROM: 
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SOURCE XTI Aircraft Company

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