TriFan VTOL Goes Hybrid
March 3, 2017
XTI Aircraft Co. has switched to hybrid-electric propulsion for its planned TriFan 600 ducted-fan vertical-takeoff-and-landing (VTOL) business aircraft.
XTI Aircraft Company
The future is now. Lift Up. Jet Out.
Regulation A+
Englewood, CO
Transportation
Accepting International Investment
Welcome to XTI Aircraft Company. Our revolutionary TriFan 600 Hybrid Electric Vertical Take-Off and Landing aircraft Changes Everything! It's a big opportunity to revolutionize air travel and is designed to deliver even bigger returns. There’s a significant unmet need in the aircraft market —and we have the only viable way to fill it. Those who invest now will own a piece of XTI and benefit as we grow and achieve our milestones. We invite you to learn more and join us on this journey.
Successful businesses solve problems. They make customers’ lives easier. And that’s exactly what the TriFan 600 is all about. We are filling a market need - door-to-door air travel over long distances - in ways no other aircraft possibly can.
No commercial aircraft of any kind can fly directly from point A to point B with the range, speed, or comfort of the TriFan 600 vertical takeoff airplane.
No helicopter can match the performance of the TriFan 600 and no business jet can land in your backyard!
This is a new type of aircraft, with an entirely new combination of capabilities that are unique in the market.
Our initial target market for the TriFan 600 is business aviation, city to city commuter customers and private individuals. Business Jet Traveler magazine says that people fly privately to (1) save time, and (2) gain access to destinations not served by airlines. The TriFan 600 accomplishes both objectives.
The TriFan 600 will save each person hundreds of hours a year by not having to travel to and from airports by ground transportation. For business people, every wasted hour due to travel time has an inherent opportunity cost, and that’s why aircraft owners will pay millions more for time and convenience. But as shown in the figure below, the speed of an aircraft does not always equal more time saved, and the TriFan completely trumps conventional business jets and helicopters in this regard.
Prior to its launch, XTI commissioned detailed market studies that reported a strong potential market and ongoing demand for the TriFan 600.
These studies, conducted by prominent aviation market research firms, give us reason to be bullish on the future. Globally there are over 60,000 business airplanes and helicopters in operation. Based on market trends and projected demand for fast, runway-free transportation, experts say XTI can expect to annually sell a minimum of 40 and up to 100 TriFan 600s, each priced at $6-8million.
In addition to the crowdfunding and other fundraising efforts currently underway, XTI intiatied a pre-sales program in 2017. Already we have nearly 60 orders! Buyers are able to make a refundable deposit, reserve their place in line, and retain that priority position as the company reaches commercial production of the TriFan 600. With as few as 100 orders, the gross revenues of XTI represented by those orders would be over $600m.
In early 2018, now that we have quantified market deman through the pre-sales program, begun construction of the flying prototype, and received our second patent, the company will leverage those facts to increase its valuation for the next round of financing.
All members of XTI's management are shareholders in the company and highly motivated and incentivized to increase the company's value and create a path to liquidity and a market for all shareholders, including those who invest through Regulation A+ crowdfunding financing. In addition to making shares tradeable in the secondary market, XTI will continually assess and explore other ways to achieve liquidity for all shareholders, including strategic relationships with publicly traded aircraft companies, and examining whether an initial public offering should be part of the company's financing strategy within the next few years. These are all realistic and viable options.
The XTI business plan includes a realistic path to profitability and strong returns for investors when targets are met. Current priorities are (1) financing initiatives, (2) flying the prototype in 2018, and (3) continuing discussions with potential vendors, partners, and suppliers for the full test program and production aircraft.
The TriFan 600 is a six-seat, vertical takeoff and landing airplane. It is not based on new technology, but it takes existing technology and applies it in a revolutionary configuration. This reduces risks associated with manufacturing and obtaining FAA certification.
Features include ample cabin space, easily configured with multiple options.
Using three ducted fans, the TriFan 600 lifts off vertically. In seconds, the two wing fans rotate forward for a seamless transition to high-speed flight. And within just 90 seconds, the aircraft reaches cruising speed – where, like every other fixed-wing airplane, the wings provide lift. The fuselage-mounted fan, no longer needed, closes up. The airplane flies directly to its destination and reverses the process, landing vertically right where it needs to be – over a clear helipad sized paved surface, a golf course, backyard, job site, or thousands of other locations around the world where it’s safe and legal to land and takeoff.
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:
https://www.sec.gov/Archives/edgar/data/1638850/000114420417044842/v473949_partiiandiii.htm
YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.
THESE MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,”“INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
In the Press
Updates
XTI Offering is Back Online
12 months agoDear XTI Aircraft Followers,
Please note XTI Aircraft's Crowdfunding campaign is live again on startengine.com, but at a different link;
Here is the new link: www.startengine.com/xti-aircraft . Please log in and follow us for updates via the new link. For those of you who are investors, you know we have made significant progress in the last many months and will soon fly our prototype. I look forward to sharing that success with you in the coming months.
Sincerely,
Robert LaBelle
CEO, XTI Aircraft Co.
XTI Offering to be Temporarily Offline
over 1 year agoDear XTI Aircraft investors and followers, this is one last notification that we will take the offering offline early next week as we file with SEC to raise the share price to $1.50. Shares are available at $1 until then. We expect the approval to take 3 weeks, after which our offering will be back online. Thank you for all your support and interest.
XTI Management Team
Reminder of Share Price Increase and XTI's Startengine down time
over 1 year agoDear XTI Investors and Followers,
This is a reminder that XTI intends to file for a share price increase to $1.50 per share on April 30th. When this occurs we will be required to close the current offering on Startengine until we receive approval from the SEC. We estimate that to take from 3 to 4 weeks.
Thank you for your support!
XTI Management Team
Good Article from The Vertical Flight Society!
over 1 year agoPlease check out this article from the latest Vertiflite magazine!
https://vtol.org/files/dmfile/xti-article-vf_marapr_2018.pdf
Photo of Wing Fan Ducts
over 1 year agoOn Friday, March 23, XTI took possession of the wing ducts for the TriFan 600 prototype. Shown in the photo attached, are the two wing ducts that will contain the fan blades for our 60% scale prototype, still on track for first flight in September this year. We are excited to have the hardware coming in, a clear sign of on-schedule progress!
XTI TEAM MEMBERS, INCLUDIGN FOUNDER DAVID BRODY (second from left) WITH COMPLETED DUCTS FOR WING MOUNTED FANS
WIRE TRANSFER PAYMENTS NOTICE
over 1 year agoDear Investors, Friends and Followers of XTI Aircraft,
We have noticed that many potential investors who submit an investment using the wire transfer procedure do not complete the transaction. If you really intend to make the investment, please make sure you go all the way through the process until you receive a positive notification that it is complete. Alternatively, you may use the Automated Clearing House (ACH) procedure, as most investors do. It is totally secure, we do not get your account number, and there have been very few of these that do not go through.
Thank you for your investment in XTI!
Robert LaBelle
CEO
XTI Aircraft Company to File with SEC to Increase Share Price
over 1 year agoXTI Aircraft Company (XTI) announced today it is preparing to file papers with the U.S. Securities and Exchange Commission to increase the price of its shares from $1.00 by at least 50%. The share price will remain at $1.00 for a period of weeks until XTI finishes preparing its audited financials. Thereafter, the increase will be reflected in XTI’s online equity crowdfunding program, www.startengine.com/startup/xti, and in XTI’s $25 million private placement financing for
accredited investors.
“Until the time we submit the filing to the SEC,” said Robert LaBelle, XTI’s CEO, “XTI will continue to sell its shares for $1.00 on StartEngine.com and for $1.00 to accredited investors. So right now is likely to be the last chance for people to buy shares in XTI at the lowest price possible.”
“We’re going to fly our first prototype later this year,” LaBelle continued, “we’ve received 60 orders for the airplane, and we project much higher sales and revenues for the company. All this translates into reduced risk, a higher return for investors, an increase in the company’s valuation, and higher stock value. We’re filing with the SEC because of this increased valuation.”
“Our offering on the StartEngine platform has provided a rare opportunity for hundreds of unaccredited and accredited investors to own a piece of the future of flight,” said Mr. LaBelle. “The TriFan 600 vertical takeoff airplane will transform air travel. We thank all of our investors as well as StartEngine for making this possible.”
XTI launched a formal stock offering in 2016 under SEC Regulation A+, which remains open to all unaccredited and accredited investors around the globe. Shares in XTI may be purchased at www.startengine.com/startup/xti providing a unique opportunity for the general public to invest in an aerospace company with a game-changing product, a world-class leadership team, and significant growth potential.
Simultaneously with the equity crowdfunding financing, accredited investors may participate in XTI’s $25 million Series B round. Accredited investors seeking more information should contact Mr. LaBelle at rlabelle@xtiaircraft.com
XTI Aircraft on Schedule with Development of Flying Prototype
over 1 year agoXTI Aircraft Company (XTI) announced today it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype and moves toward ground testing those components.
“In this Phase 2,” explained Robert LaBelle, Chief Executive Officer of XTI, “we’re fabricating the wing ducts and fans and will perform ground tests for static thrust performance and verification on those components. We’ll also complete weight and balance, and full structural design. Fabrication of the entire aircraft will be completed in Phase 3, which will begin in April, followed by two or three months of testing before first flight later this year.”
“We’ve received 60 orders for the airplane,” LaBelle continued, “representing $390 million in sales revenues. Our entire team is focused on flying the prototype, bringing this revolutionary aircraft to market, and fulfilling those orders. The orders indicate higher sales and revenues for the company than we originally estimated. We’re convinced that these new orders, along with the prototype program, significantly reduces the risk for our investors.”
Honeywell to Power Groundbreaking TriFan 600
over 1 year agoJust one HTS900 engine will drive the three fans on the TriFan 600, the world’s first hybrid-electric vertical takeoff and landing business aircraft.
The TriFan 600 is a six-seat aircraft that will have the speed, range and comfort of a business jet and the ability to take off and land vertically, like a helicopter. Using three ducted fans, the TriFan 600 lifts off vertically and its two wing fans rotate forward for a seamless transition to cruise speed, at 300 miles an hour and a range of up to 1,100 miles. XTI plans to fly a demonstrator in 2018.
Honeywell’s HTS900 will enable the XTI TriFan to fly efficiently for long distances with heavy loads. It’s the latest engine in Honeywell’s highly successful family of turboshaft engines, which have been providing power when it counts for more than six decades. Thanks to next-generation technologies, the HTS900 offers the best performance in its class.
It features a dual centrifugal compressor, cooled turbine blades and nozzles and a dual channel FADEC, all of which results in an output of 1,021 shaft horsepower; a significant increase in power output at high/hot conditions over rival engines in this class; all while burning less fuel and occupying less space.
The HTS900 is meeting high expectations on the Eagle 407HP program. Using design and engineering licensed from Bell Helicopter, Honeywell and Eagle Copters are improving the performance of existing Bell 407 helicopters by replacing the standard engine with the HTS900. Ten helicopters have been converted so far.
XTI Aircraft Company to Exhibit at Kuwait Aviation Show
over 1 year agoCompany Accepts Special Invitation from Kuwait
Denver, January 8, 2018 — XTI Aircraft Company (XTI) announced today it has been invited by organizers in Kuwait to exhibit at the inaugural Kuwait Aviation Show, January 17-20. Thousands of attendees have registered for the show, where XTI will be displaying its one-third scale model of the TriFan 600 vertical takeoff airplane to investors and potential customers from around the globe, as well as industry and media representatives during the four-day event.
“The show will also target the private/charter aviation industry,” said Robert LaBelle, XTI’s Chief Executive Officer. “With Kuwait boasting one of the highest GDP per capita in the world, and one of the most well-travelled populations in the world, the opportunities are great for private jet and charter suppliers to promote their services and become more familiar with the TriFan 600.”
XTI officially launched its prototype program at the National Business Aircraft Association trade show in Las Vegas in October, where the company received numerous additional orders and expanded its financial and strategic relationships.
“We see the Kuwait show as the next major opportunity to attract customers and investors,” said LaBelle.
DENVER, Colo., April 3, 2017 — XTI Aircraft Company (XTI) announced today that it received a written Notice of Allowance from the U.S. Patent and Trade Office, stating that the USPTO will issue a utility patent for the TriFan 600 vertical takeoff airplane.
