Xeriant Inc (XERI)

[quester614]

found this a very interesting read that sums up what the company is about.
https://fintel.io/doc/sec-xeriant-inc-xml-2021-february-16-18674-843

"Xeriant is a holding and operating company focused on acquiring, developing and commercializing revolutionary, eco-friendly technologies with applications in aerospace. These include innovative aircraft concepts targeting emerging opportunities within the aviation industry. The Company plans to take an active and disruptive role in the ?third wave of aeronautics,? which includes the electrification of aerial transport and the development and integration of specialized aircraft with greatly reduced logistical footprints ? allowing them to safely take-off and land significantly closer to (and even on top of) buildings. This will facilitate point-to-point on-demand and short-haul flights in congested urban environments, called urban air mobility (UAM).



Advancements in structural design, propulsion systems, materials, sensors, artificial intelligence (AI), batteries and high-speed connectivity have dramatically enhanced energy efficiency, acoustics, emissions, safety and autonomy, making feasible a broad range of electrically-powered VTOL (vertical takeoff and landing) capable aircraft, and transitioning aviation into a new era. Many of Xeriant?s ?nextologies? will make personal air travel (for 1-4 passengers) far more affordable ? providing safe, practical alternatives to traditional means of travel in a post-pandemic world.



Xeriant intends to acquire strategic interests in the most promising of these technological breakthroughs and next-generation aircraft configurations, leveraging the collective expertise of its growing international network of industry partnerships to accelerate the development of economically viable products that address specific market demands. The Company will identify prospective synergies between complementary and related technologies under its umbrella and promote constructive interaction and collaboration."