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That $500 shows much faith...ONLY, THIS POS SCAM WILL BE BACK UNDER .01 VERY SOON
I just purchased another 18,486 shares, at 0.0264. XERI... $$$$$$$$.. LONG!!
"years without an update"? Untrue! XTI has been providing updates on their website. https://www.xtiaircraft.com/cm/news
We start another month with 0 new info about the Nexboards or anything else......March 15th was the deadline agreed to in January. Lol, now it's June. Soon we will be talking about the end of the year and if we'll get an end of year update. Ground hog years now.
I'm sure those people who pre ordered would be curious to know something to. It's been years without an update.
That's actually typical for the way aerospace companies working on next gen technologies operate. If customers want to get the early production models before their competition, they have to place deposits with the manufacturer years in advance.
LOLOLOLOL...PIGS WILL FLY BEFORE THAT evtol. CEO AND CFO LEFT CAUSE THEY'RE FOR A VERY GOOD REASON. MUST HAVE FOUND OUT WHERE THAT $ THEY GOT FROM xeri REALLY WENT.
What a joke!! XTI has been taking orders for over 6 years on a plane that STILL hasn't even taken it's FIRST test flight and might have a plane flying in 5 more years. LOLOLOLOL
BTW They have a pic of Elvis promoting the plane to funny!!!!!!!
XTI’s TriFan 600 Finds More Buyers
The ambitious VTOL aircraft picked up additional pre-orders at this year’s NBAA-BACE, while also finding new interest in India.
October 24, 2017
https://www.flyingmag.com/xtis-trifan-600-finds-more-buyers/
TIC TOC
Simply because we haven't heard anything about XTI is no reason to assume the TriFan 600 has failed. It has $7 BILLION in "pre-sales"!!!!
XTI Pursues Pragmatic Path to Sustainability
August 22, 2022
XTI REBOOTS PLANS FOR TRIFAN VTOL AIRCRAFT FAMILY WITH OFF-THE SHELF PROPULSION
Recent changes in the leadership team at XTI Aircraft have prompted a fresh approach to efforts to produce the TriFan 600 aircraft. First, the Colorado-based company has opted out of the rush to be first to market in the hyperventilating advanced air mobility sector. Second, it has resolved to press ahead with turboshaft engines certified to use 100 percent sustainable aviation fuel (SAF) and defer the introduction of electric propulsion until later iterations of the aircraft.
Earlier this month, newly appointed CEO Michael Hinderberger reported that planned first deliveries for the TriFan 600 have been pushed back by up to three years to 2027. Nonetheless, he still feels the model may end up beating some eVTOL contenders into service, as the aviation veteran views those start-ups' 2024 projections as unattainable given the challenges associated with certifying new types of aircraft.
XTI’s primary objective appears to be to readdress the needs of the business aviation sector by getting closer to the holy grail of combining a helicopter’s operational flexibility with a fixed-wing aircraft’s range, payload, and speed, to deliver what it calls “the missing link” in air travel. Carrying four or five passengers, the TriFan 600 is looking to offer a range in VTOL mode of up to 600 nm (690 miles) and in CTOL operations, using a short runway, extending up to 750 nm (860 miles). Top speeds are expected to reach 300 knots (345 mph).
Keeping its eye on these prizes is what prompted XTI to defer plans for electric propulsion. “When you are looking at range beyond around 50 nautical miles [58 miles] the green technology doesn’t hold up,” Hinderberger told FutureFlight. “So for our longer ranger requirements, we’re taking a phased approach to achieving zero emissions, especially for the demanding phase of taking off vertically and transitioning to conventional flight. Going all-electric for the TriFan means carrying a lot of extra weight with a need for a lot of extra power, which means designing the aircraft for the first couple of minutes of flight.”
Hinderberger—who previously headed up XTI’s engineering department after a long career spanning supersonic aircraft pioneer Aerion and general aviation giants Piper, Hawker Beechcraft, and Gulfstream—has initiated a rethink on propulsion options.
The company had previously been considering GE’s new Catalyst engine but has concluded it will need more power and is confident of finding an off-the-shelf solution that will mitigate the technology risks around the program. In addition to GE, it says it has also been in contact with French aircraft engine maker Safran.
Though XTI has opted for off-the-shelf turboshafts, the process of integrating the engine is expected to take a couple of years and will require a new gearbox. The company believes it will take until 2029 to be ready to introduce an electric or hybrid-electric version of the TriFan. It has yet to determine whether this would be based on a hydrogen or battery-electric powertrain, but it has already been working with hydrogen fuel cell specialist HyPoint and has also engaged with hybrid-electric innovator VerdeGo Aero.
XTI’s hypothetical product roadmap also includes a larger TriFan 1200 model, and also all-electric TriFan 100 and 300 eVTOLs. But for now, its effort is entirely focused on getting the breakthrough 600 model to market.
“We’re not fighting to achieve major technological breakthroughs by introducing new engine technology at the same time. We’re taking a more conservative approach,” said Hinderberger. “Everyone else [in the AAM sector] seems to be rushing and in some cases that means forcing technology before that technology is ready.”
XTI completed the preliminary design review for the TriFan earlier this year and has introduced multiple new features. These include winglets and full span flaperons on the 45-foot wing; a high cruciform tail; seven-foot-diameter tilting wing fans and a five-foot-diameter aft fan; new fan shaft fairings and engine inlets; enlarged windshields and windows, plus a new downward-facing chin window; a split main entry door to the cabin; and a strake. A new landing gear design is in the works, too.
In the flight deck, XTI expects to deploy the proven Garmin 3000 avionics suite. It aims to have the aircraft certified for single-pilot, IFR [instrument flight rules for inclement weather] operations.
The company expects to be ready to complete a detailed design review in 2023 and also to submit a type certification plan to the FAA. It would then build the first of several production conforming prototypes in 2024 and be ready to start flight testing in 2025, en route to deliveries in 2027.
Hinderberger maintains that the TriFan 600 would make a compelling corporate workhorse, providing convenient door-to-door transportation that would make business travel far more effective. “Think of what we could do for an owner-operator needing to make trips between a couple of warehouses 500 miles apart in the Southeast [of the U.S.],” he said. “We want to combine the best of helicopters and business jets so that you can take off from backyards and directly reach off-site locations using existing infrastructure.”
For a 500-nm flight connecting a pair of downtown helipads in Los Angeles and Salt Lake City, XTI says, the TriFan would be 35 minutes quicker than a business jet and almost two and a half hours quicker than airline service. The new VTOL model is expected to have direct operating costs similar to those of a rotorcraft at $823 per flight hour, but with twice the speed flights are completed in half the time resulting in half the operating costs and emissions. The use of SAF would reduce emissions even further, according to the company.
With a standard club-four cabin configuration and the option to seat a fifth passenger alongside the pilot, XTI says, the TriFan will have room and payload capacity for 10 bags, which it noted is likely to be far more than eVTOL models could carry. In emergency medical applications, the aircraft could transport a patient on a stretcher and three attendants with twice the range and speed of current helicopters used for these missions.
According to chief commercial officer Saleem Zaheer, a former United Airlines captain and vice president of flight operations with Indian carrier IndiGo, XTI could also offer a commuter version of the TriFan with six passenger seats. He maintained that this could be viable for scheduled services, such as feeder routes from small communities to larger airports, with projected seat-mile costs that could be half of the $3 to $6 rates that he predicts for eVTOL aircraft.
The company says it has logged 315 "preorders" for the TriFan 600, which Zaheer explained includes a mix of firm purchase orders with non-refundable deposits, options, and reservations backed by refundable deposits. He told FutureFlight that the prospective customers include some current business jet and helicopter fleet operators, some private individuals, and a regional airline.
XTI acknowledges that it will need to raise more funds to bring the TriFan into commercial service and also that capital markets have tightened this year even as costs have escalated. This is another reason it is now taking what it calls a phased approach to develop the new aircraft family. Hinderberger said it is continuing its joint venture with the Xeriant group and hopes to have more tangible news on their planned merger in September.
https://www.xtiaircraft.com/cm/news/11-press/344-xti-pursues-pragmatic-path-to-sustainability
__________________________________________________________
XTI Aircraft Company CFO Elected to Board
February 14, 2023
Pomeroy role expanded as company accelerates development of TriFan 600
DENVER, CO, USA, February 14, 2023 -- XTI Aircraft Company (XTI) announced the election of the company’s Chief Financial Officer, Scott Pomeroy, to the Board of Directors, effective February 13, 2023. Pomeroy joins current Board members Charlie Johnson (XTI Board member since 2014) and David Brody (founder and Chairman of the company).
“Scott has developed and successfully implemented our financing plans from the time he took over as CFO in July of last year,” said Brody. “We’re accelerating development of our first full-scale piloted test aircraft this year. With Scott’s past broad experience as a Board member and CEO in other companies, this is the appropriate time for him to join our Board.”
The company stated that Pomeroy brings exceptional experience and knowledge to his roles as both CFO and as a Board member. He has served on several Boards, including the Board of Directors of AVX Aircraft Company since 2009. He has over 35 years’ experience in launching new businesses, raising capital, serving as founder and CEO, President, and CFO of several companies. He previously led equity and debt capital raises of more than $10 billion. Pomeroy began his career at KPMG Peat Marwick. He has a BBA in accounting and is a Certified Public Accountant.
“I’m looking forward to contributing from a Board level and continuing as CFO to accomplish our long-term objectives,” said Pomeroy. “To all of us at XTI, this means bringing our revolutionary airplane to the commercial market. Vertical takeoff combined with long-range, the speed and comfort of a business aircraft, and lower operating costs than competing helicopters or fixed-wing airplanes will give our customers significant time and cost savings.”
"Scott has developed and successfully implemented our financing plans from the time he took over as CFO in July of last year.”
— David Brody, XTI Founder & Chairman
XTI’s CEO, Michael Hinderberger, recounted the company’s progress over the past few years. “We conducted a series of successful hover tests of our two-thirds scale unmanned proof of concept TriFan in 2019 and 2020. We’re now working on our full-scale piloted TriFan and we plan to begin flight tests in 2025 or early 2026. As we ramp up this work, we’re expanding our collaboration with key suppliers and we’ve commenced the process to secure FAA certification. Importantly, we’ve received 691 orders, reservations, and options for the TriFan so far. This represents almost $7 billion in gross revenues upon delivery of those aircraft. The firm orders alone represent full production capacity for the first three years of XTI’s commercial operations.”
“This large number of orders and reservations validates the demand for the TriFan,” Brody added. “The market continues to recognize the value proposition and the unique competitive advantage of our revolutionary airplane and its patented technology.”
The TriFan is a major breakthrough in aviation and air travel. The six-seat TriFan 600 will have the speed, range, and comfort of a luxury business aircraft and the ability to take off and land vertically, like a helicopter. Using three ducted fans, the TriFan lifts off vertically. Its two forward fans then rotate to horizontal for a seamless transition to cruise speed and its initial climb. It will travel at 345 miles an hour as a highly efficient business aircraft, with a range of up to 700 miles with a vertical takeoff and vertical landing, and up to 850 miles with a conventional takeoff and a vertical landing.
About XTI Aircraft Company
XTI Aircraft Company is a privately owned aviation business based near Denver, Colorado. 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. For information on reserving a priority position for the TriFan under the Company’s pre-sales program, contact Mr. Saleem Zaheer.
Media Contact for XTI Aircraft Company:
Saleem Zaheer, Chief Commercial Officer
XTI Aircraft Co.
+1 720-900-6928
liftup@xtiaircraft.com
https://www.xtiaircraft.com/cm/news/9-press-release/346-xti-aircraft-company-cfo-elected-to-board
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Xeriant PRs no-longer-describe-itself as an aerospace company.
Don't forget... inclusive of that Xeriant $250M mega deal with Next New Concept, Inc., there's still $120M of additional Retacell products that Next New Concept, Inc. will (wants to) buy from Xeriant... uh... I mean... buy from Ebenberg, LLC. Ebenberg, LLC, the Xeriant/Movychem JV.
(it's a very 'smart' idea).
Maybe Duffy has simply failed on every of his long shot attempts.
Surprising his statements and claims, that counter and conflict his previous statements and claims, that are so self-evident as appearing as lies, even within his SEC filings.
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I have no idea, wouldn't be surprised.
Meitze, I check XTI's home page daily, hoping to see and update. They're as silent as Duffy, did they close up shop?
Soon XERI will fad away also.
It better be Nexboard because everything else seems to have dried up. If not Nexboard what else is there? XTI? I don't feel like there's a future with XTI anymore simply due to the fact that there haven't been any updates in a very long time. Things tend to fade away with Xeri. I think XTI is fading away.
Like I've quoted before "a fool and his money are soon parted" although I wouldn't call 4 years soon the results will be the same.
TIC TOC
Correct! Why would I sell now when I'm confident XERI will have a major money maker in NexBoards?
plays out thru the day, not sure if it's a sucker play. Only Duffy can shed light on this.
Lots of volume taking the price down. Little volume bringing it up.
Maybe Duffy won't. Auctus cancelled DeFuedis' automatic insider stock-selling arrangment as one initial agreement to extend Xeriant's terms in default on the Auctus Note. Maybe Auctus is taking their sweet little time selling in small tranches over a year or two to reap profits on the Long side. Who knows what Auctus is doing on the short side.
Retail is irrelevant, except where Xeriant suckers in new retail money buying XERI in belief Xeriant, and Auctus are legitimate in their intentions.
---
Crickets... Crickets... Insider crickets... Solid blue chip types. Crickets, chirping bullsh't.
I guess XTI Aircraft doesn't know about that hyper-fast hydrogen jet plane you brought ip the other day. Nor about the South African patented vtol business jet by Pegasus Universal Aerospace.
Maybe XTI Aircraft is also running a scam.
And maybe XTI Aircraft buddied up with Xeriant to acquire $5M to $10M in cash that Xeriant has defaulted on for the third time, no extension on Xeriant's default No. 3.
Or not, and XTI Aircraft is incorrect about its claims as the first or only vtol commuter jet. Does XTI Aircraft actually have a first to market competitive edge. Is XTI Aircraft subject to Pegasus Aerospace patent infringement?
Insiders are the crickets.
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Quester you are correct, there has been a methodical unloading of shares. I've noticed that for sometime. It doesn't mean FF or insiders. It could be MAXIM, AUCTUS, MOVYCHEM, RUSSEL RANDAL, ATTORNEYS, BAKER, AUDITOR/s, just to name a few. When you acquire dept, they expect to be paid. I'm still hoping for some positive movement, maybe DUFFY will enlighten us with some sort of update.
Another early 100,000 share sell. Looks like someone is slowly getting out. At least they are being kind by not dumping all at once. Took me over 2 weeks so didn't drag the price DOWN to bad. I'm sure most of the F&F have more shares then I had. They all can't get out without dropping the SP to many of them with to many shares. I know this doesn't apply to SP2 since he has SOLD NONE.
TIC TOC
Excellent weekend set-up for continuing UNDERWATER accumulation of $XERI.
It's all fake claims anyway. Complete bullshit.
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Crickets from a supposed solid, reliable (bluechip-like) source.
We'll just take it to the john w/ TP.
It was a great weekend. Now, back to purchasing shares. XERI... $$$$$$$$.. LONG!!
DEFINITELY NOT!!! CLEARLY BEING DILUTED AS MORE SHARES MOVE FROM RESTRICTED TO UNRESTRICTED = INSIDERS DUMPING THIS POS SCAM RUN BY LYING GRIFTERS....LOLOLOLOL
https://www.otcmarkets.com/stock/XERI/security
Market Cap Market Cap
9,548,329
05/26/2023
Authorized Shares
5,000,000,000
05/29/2023
Outstanding Shares
381,933,144
05/29/2023
Restricted
179,804,526
05/29/2023
Unrestricted
202,128,618
05/29/2023
Held at DTC
197,089,421
05/29/2023
Float
169,720,551
07/12/2022
Gee, do you think that might have been a shortseller?
probably the same entity that sells daily, It all adds up$$$$.
From .027 to .021 in a blink. Somebody sold 100k at .021. Enjoy that $2100.
Looks like EOM dump. Maybe it will turn around.
LOLOLOLOL...BROKE POS LYING GRIFTERS SCAMMING NAIVE RETAIL. THAT ALL THIS CRAP HAS BEEN. THAT'S ALL THIS CRAP WILL EVER BE
Are you suggesting Xeriant is cooking its books like SurgePays, Inc.?
That SurgePays scam fakes its revenues and lies about its customer acquision, and its stores count. See that Surge Blockchain revenue at effective zero means no sales in stores.
Maybe Xeriant and its CEO Keith Duffy can take a scam play from SurgePays, Inc. (aka. SurgeSkank, Inc.) And from SurgePays CEO, grifter of Memphis, Brian "Mr. Fake Handshake" Cox.
Seems like Xeriant is doing a different play, however.
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How much revenue have they made this year so far? Waiting.......
I guess XTI Aircraft doesn't know about this hyper-fast hydrogen jet plane. Nor about the South African patented vtol business jet by Pegasus Universal Aerospace.
Maybe XTI Aircraft is also running a scam.
And maybe XTI Aircraft buddied up with Xeriant to acquire $5M to $10M in cash that Xeriant has defaulted on for the third time, no extension on Xeriant's default No. 3.
Or not, and XTI Aircraft is incorrect about its claims as the first or only vtol commuter jet. Does XTI Aircraft actually have a first to market competitive edge. Is XTI Aircraft subject to Pegasus Aerospace patent infringement?
.
Too bad every LONG purchase is underwater.
But everyone knows the "buying LONG" claims are 100% FALSE.
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LOL! "Succeeds or fails" promoters get-the-last-laugh.
That sounds stupid. I'll take that laugh right now.
It reminds me of the idiotic notion that the Next New Concept, Inc.'s "deal" with Xeriant is:
1.) not what it actually is, a 9-month-old non-binding Letter of Intent.
2.) the $250M LOI includes $120M for additional Retacell products through the Movychem JV. Xeriant has defaulted on its Movychem JV. This is factual.
How's that $250M "deal" going to work without $120M of additional Retacell products? It won't.
3.) Xeriant has provided zero evidence to its claim that Movychem violated (defaulted on) their JV. -- In fact, the evidence is plentiful that shows Xeriant in default of the Movychem JV, three times defaulted and twice extended with penalties too. -- And, we see Xeriant's S-1/A claims that counters Xeriant's previous SEC filings, suggesting Duffy and Xeriant's Board and its CFO, even Xeriant's 10-K auditor, have fabricated SEC-filed information either previously, or, Xeriant has currently fabricated claims in its current S-1/A.
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A fool and his money are soon parted. I wonder who the fools are??
TIC TOC
The more you laugh, the more I will purchase. XERI... $$$$$$$$.. LONG!!
Halo was conceptually ahead of it's time, apparently way ahead of it's time. Nano lubes sounds interesting, I don't think it had a chance, most use or go with what they know. The TF600 is still a go unless you heard something different, I check XTI's home page often and nothing has been updated, I doubt they share progress with DUFFY. It's anyone's guess how far along the TF is. I would like to know.
Just remember, the last laugh will go to those who are proven right when XERI either succeeds or fails. So all those LOLs mocking the pro-XERI faction are a bit premature
Maybe Duffy can get his creation on SHARK TANK and change the world. There a lot to chose from. We had HALO, friction less lubricants, TF 600, Retacell and now Nexboard. LOLOL
TIC TOC
your $ SAYS.....GL
Happy Memorial Day. My money says, "BUY! Buy!! buy!!!" XERI... $$$$$$$$.. LONG!!
NEVER IS THE KEY WORD WITH LYING GRIFTERS SCAMMING NAIVE RETAIL...
THEY'RE BROKE...
GIVE UP XERI = SCAM.
Sp, I would settle for the NEXBOARD creations Proven viability. A few words from Zajak, expressing pre-sales to HOME DEPOT, also LOWES. I could care less about NNC, I'm more interested in off the shelf availability. That would equall 100's of millions, contracts between the two retail corporations would be indisputable.
LAME BLIND BS THERE IS NO NNC just another SCAM. They have NO REVENUE just like XERI. Only difference Duffy knows the IMPORTANCE of a facade location. Instead of trying to claim a multi million dollar construction that has NO REVENUE is based out of a 2 car garage. Face the truth XERI is a SCAM. Why not post links that show different. Income, previous completed projects,anything to prove your opinion.
TIC TOC
I notice that no one's "DD" has addressed the critical role of TMF Corp. As I stated previously:
"Once XERI announces that TMF has figured out how to produce NexBoards at "industrial scale," the share price should finally start heading back towards its historic high -- and beyond. All it will take is one mega-deal like NNC's $250 million West African project.
"But imagine if NNC is followed by another 9-figure deal -- perhaps with one of those major home builders / developers. Then that decimal point could start moving to the right. And all the conspiracy theories will just go up in smoke."
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