Please check out this article from the latest Vertiflite magazine!

https://vtol.org/files/dmfile/xti-article-vf_marapr_2018.pdf

On 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

Dear 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 (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 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.”

Just 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. 

Company 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.

https://youtu.be/AeBNdDI44CI

Jim Campbell of Aero TV discusses many aspects of the TriFan 600 program with XTI CEO Bob LaBelle - copy and paste this link:

https://www.youtube.com/watch?v=_4FQAtMKdyo

Responding to invitations from the superyacht community, XTI Aircraft Company (XTI) exhibited the revolutionary TriFan 600 at the Ft. Lauderdale International Boat Show, November 1-5, 2017, the world’s largest boat show. Following the show, XTI announced it has received nearly 60 orders from customers under its pre-sales program, in addition to several more large investors.

XTI to exhibit at the 58th annual Ft. Lauderdale International Boat Show,  the largest in-water boat show in the world, November 1-5, 2017

by XTI Aircraft, October 25, 2017 

Denver, Colorado, October 25, 2017 – After receiving rave reviews and booking numerous orders at XTI’s official launch of the TriFan 600 at the NBAA Convention in Las Vegas, October 10-12, XTI will be exhibiting its one-third scale model of the world’s first hybrid-electric long-range vertical takeoff airplane at the 58th annual Ft. Lauderdale International Boat Show,  the largest in-water boat show in the world, November 1-5, 2017.

Please visit us at Booth 664 in the Superyacht Pavilion.

For more information on the event, please visit https://www.flibs.com/en/home.html

The first Indian investor in the project is Rajiv Luthra, Founder & Managing Partner at Luthra & Luthra Law Offices, one of India’s largest and most prominent law firms.  

We have also received our first order for the TriFan 600from Dr. Arvind  Lal, Chairman and Managing Director of Dr. Lal’s Path Labs, which operates over 170 pathology laboratories and 1600 collection centers across India. Dr. Lal was awarded the Padma Shri by the Indian Government in 2009, a high civilian honor in India, for his contributions to Medicine. He is also an honorary Brigadier in the Indian Armed Forces. 

We are now only one week from the National  Business Aircraft Association's convention and exhibit.  XTI will be exhibiting for the first time with a 1/3 scale mock-up.  For you followers, I want to preview for you two of our big announcements at the show.  

First, we will announce the start of our 60% scale prototype aircraft.  This prototype will test many aerodynamic aspects, most importantly, effects during transition from vertical to horizontal.

Second, we will announce a new large investor and a new customer order.  Identities of the parties will be revealed.  We are very excited to be exhibiting and meeting with many industry partners and potential customers during the show, and the above developments will further attract interest to this great aircraft and  our outstanding company. 

Bob LaBelle,  CEO

In two weeks, XTI will officially launch its prototype program at the annual National Business Aviation Association Convention and Exhibition in Las Vegas. "This is the largest trade show of its kind", said Bob LaBelle, CEO of XTI, "with about 30,000 attendees from around the world interested in business jets and other aircraft.  It's the ideal venue to display our large model of the world's first vertical takeoff airplane and to formally announce the launch of our prototype program.  We expect to attract many more investors and orders for the TriFan 600."  XTI's Reg A+ campaign on StartEngine is at www.startengine.com/startup/xti

Dear Followers and Investors,

We are back online with our live offering for investments in XTI and its revolutionary Hybrid Electric Vertical Takeoff and Landing TriFan 600!  We had a brief pause in our campaign as we renewed paperwork with the SEC.  Please log in and have a look.  

DENVER, Colo., July 10, 2017 — XTI Aircraft Company (XTI) announced today that Silicon Valley investor and serial entrepreneur Paul Willard has joined XTI’s board of directors for a three-year term, effective June 15, 2017.

“Paul spent seven years as a Boeing aerodynamics engineer,” said David Brody, founder and Chairman of XTI, “including work on VTOL aircraft. This by itself would be reason enough to invite Paul to join our board. Yet, he brings so much more, as an investor in XTI, as a visionary investor in other early stage companies, and as co-founder of successful investment funds.”

Willard commented, “XTI’s leadership team and the TriFan technology are impressive, and I appreciate the opportunity to join a project with a veteran team, a disruptive product, and a substantial addressable market. In addition to my personal stake in the company, I hope to make a contribution assisting with our capital raise, and helping to create a solid foundation for XTI’s long-term success.”

Robert LaBelle, XTI’s Chief Executive Officer, added, “Paul has actively managed technology startups in Silicon Valley since 1999. His combination of skills and experience is very rare and is ideal for XTI as we continue to develop the TriFan 600

XTI Aircraft Company Writes First Orders for TriFan 600

PARIS, June 19, 2017 — XTI Aircraft Company (XTI) announced today at the Paris Air Show that it entered into Aircraft Reservation Deposit Agreements for the sale of its first three production units of the TriFan 600 vertical takeoff airplane.

“We’re pleased to announce the first orders for the sale of the TriFan 600 under our pre-sales program,” said Robert LaBelle, XTI’s Chief Executive Officer. “From the outset, we’ve received strong interest from potential buyers who want to reserve their priority number for the TriFan. We expect these first orders to be followed by many more over the next few months and years.”

The customer, a globally recognized operator, has asked XTI not to release their name, for competitive reasons. “This customer is fully committed to the XTI TriFan 600, and intends to place it into service flying priority passengers and cargo in VIP and Utility missions in multiple challenging environments,” said LaBelle.

LaBelle continued, “The market is recognizing the value proposition of our unique and revolutionary airplane and its patented technology. Vertical takeoff combined with long-range, the speed and comfort of a business jet, and our quieter and cleaner state-of-the-art hybrid-electric propulsion system. There’s absolutely nothing comparable to the TriFan.”

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.

“This is another important milestone for the company,” said Robert LaBelle, XTI’s Chief Executive Officer. “Issuance of this patent not only further validates the TriFan 600, it also means that our technology has an enhanced level of protection against potential competitors. That additional barrier to entry benefits the company and all its shareholders.”

 The government’s Notice of Allowance granted all 20 technology “Claims” originally filed by XTI in its May 2015 patent application, which describe the mechanical operation and configuration of the TriFan. This is XTI’s second patent. The USPTO issued a design patent to XTI (D741247) in October 2015

XTI’s TriFan VTOL Goes Hybrid With Bye Aerospace

Mar 8, 2017                                     Graham Warwick                                                      |                                                       Aviation Week & Space Technology                                             

Startup XTI Aircraft Co. has switched to hybrid-electric propulsion for its planned TriFan 600 ducted-fan vertical-takeoff-and-landing (VTOL) business aircraft.

Replacing twin turboshaft engines, gearboxes and driveshafts with a turbine-driven generator, batteries and motors will reduce purchase and operating costs while providing similar performance, says new CEO Bob LaBelle.

XTI has teamed with electric propulsion specialist Bye Aerospace to develop the hybrid-electric system. Because of the lower weight and cost of the system, the planned TriFan prototype—which was to be built at 65% scale—will now be full size.

TrIFan has tilting ducted fans on the wing for vertical and forward flight and a fan in the rear fuselage for vertical lift. Credit: XTI Aircraft

The Denver-based startup has yet to raise the funding for the prototype, or for certification of the production TriFan, but LaBelle says there has been a “significant increase” in investor interest with the move to a more advanced, but less expensive configuration.

Formerly CEO of AgustaWestland North America and involved in the AW609 civil tiltrotor program, LaBelle says he set four goals for the TriFan: get the  price down; do something more leading-edge on propulsion; achieve low operating costs; and retain business-jet-like performance.

In place of the two heavy turboshafts and custom-designed gearboxes and transmissions, XTI will now use a single, lighter, high-efficiency turboshaft and a generator, batteries and motors that will be off-the-shelf. “Nothing will be of bespoke manufacture,’’ he says.

Rotorcraft manufacturers including Airbus Helicopters are assessing hybridization as a way to use smaller, more-efficient turboshafts in twin-engine helicopters yet still meet one-engine-inoperative performance requirements by using batteries and electric motors to provide backup power.

Hybrid-electric propulsion will reduce both purchase and operating cost for the VTOL business aircraft, says XTI. Credit: XTI Aircraft

The TriFan 600 has three ducted fans. Two are mounted in the wing leading edge and tilt to provide lift for vertical flight and thrust for forward flight. The third fan, in the rear fuselage, provides vertical lift and is shut down and covered over in forward flight.

The hybrid architecture will reduce complexity, says George Bye, founder and CEO of Bye Aerospace. “We can size the turboshaft for cruise and [battery] electric power will supply the extra energy required for VTOL and transition,” he says.

Eliminating the heavy mechanical systems may allow the aircraft to be slightly smaller, says Bye. “It can be a more elegant design. There is an opportunity to make it more aerodynamically efficient and to carry the same payload more efficiently.”

Design changes related to replacing the heavy mechanical drive system with a hybrid-electric powertrain are expected to improve the TriFan’s aerodynamic efficiency. Credit: XTI Aircraft

Instead of driving the fans mechanically via driveshafts, the motors will be mounted inside the ducts, which will reduce drag and increase effective blade area, says Bye. Electric power with also provide “almost instantaneous response” when hovering in gusts and crosswinds. “Adding hybrid to VTOL doesn’t just increase efficiency,” he says. “Safety close to the ground is also enhanced.”

Thin-film solar cells mounted on the upper surface of the airframe as a secondary power source will generate about 4 kW of electrical power on the ground. “These will provide power for ground operations so we don’t have to use the main batteries—4 kW is enough to taxi on,” says LaBelle.

The change of propulsion architecture is not expected to disturb the development time scale, which will be paced primarily by funding, says LaBelle. Certification of the hybrid-electric propulsion will involve discussions with airworthiness authorities, he notes.

Bye expects certification of the hybrid-electric TriFan to derive some benefit from the standard for electric propulsion that is being developed by industry under the FAA’s new Part 23 airworthiness regulation for general-aviation aircraft.

While the prototype TriFan will fly using available battery and motor technology, XTI anticipates technology improvements that will increase energy and power densities for the production aircraft.

“There could be a two-times improvement from prototype to [production], but we are not banking on that,” says LaBelle. “We look at it as a fairly assured margin in the energy available in the future.” 

XTI Aircraft Company (XTI) announced today that Robert J.LaBelle has joined XTI as its Chief Executive Officer.  He joins XTI after three years as CEO of AgustaWestland North America.  Prior to that he served as President of AgustaWestland Tiltrotor Company, Inc., the company supporting the development of the AW 609 Tiltrotor. 

“I view this position with XTI as a unique opportunity,” LaBelle said, “to help bring to the commercial market and business jet market a revolutionary new aircraft that people have been seeking and dreaming about for over 100 years.”  Read more.

We are excited to announce that StartEngine has made some recent updates which makes the investment process easier than ever for international residents! We want to make sure that everyone has the opportunity to invest, so StartEngine has made some changes to the investment process which accommodates even more international investors from all over the world:

• Regions are now optional
• Tax ID numbers allow for more digits
• If your country does not have a Tax ID you can select "0000" to continue your investment
• There are tips and hints along the way that should be helpful throughout the process

If you have any questions or need any assistance throughout the investment process, please feel free to reach out to contact@startengine.com.

XTI has just announced the re-opening of it’s crowdfunding initiative after receiving SEC approval to sell 20 million shares of common stock to investors, effective immediately, at www.startengine.com/startup/xti. 

Read more on this exciting news here.

Helpful FAQ reminders for this Live Offering:

Do I have an account?

If you made a reservation for shares, then you do have a StartEngine account as one is required to make a reservation. If you no longer remember the password, you can recover it by going to www.startengine.com/forgot-password and entering the email address associated with your StartEngine account. If you did not make a reservation for shares, you will need to create a StartEngine account.

I forgot my password, what do I do?

You can recover your password by going to www.startengine.com/forgot-password and entering your email address. An email with a link allowing you to reset your password and login will be sent to the email address you entered. Click on the link and follow the instructions to reset your password. If you do not see the reset password email, please check your spam folder to make sure it did not get caught by the spam filter. If you still do not get the email, please contact customer experience at contact@StartEngine.com.

Please note if you try to recover your password but have not set up a StartEngine account, you will not receive an email.

Can I invest?

Yes, anyone can invest. In a departure from previous investment rules, the SEC now permits Regulation A (also called Reg A+) offerings to take on investors who are unaccredited as well as accredited investors. An accredited investor is an individual who has a net worth in excess of $1MM (excluding his or her primary residence) or has had annual income in excess of $200,000 ($300,000 if joint income) for the past two years and reasonably expects that to continue.

If you are a non-accredited investor, you may invest but will be limited to investing no more than the greater of 10% of your net worth or 10% of your annual income.

Do I have to invest a specific amount?

No, you may invest any amount as long as you meet the minimum investment amount of $350 AND, if you are a non-accredited investor, the amount you invest does not exceed the greater of 10% of your net worth or 10% of your annual income.

Do I need to provide any documents to invest?

No, you do not need to provide any separate documents in order to invest. Just provide the information required by the online forms on StartEngine.

How much is the minimum investment?

The minimum investment amount for XTI Aircraft Company is $350.

What is the price per share?

The price per share for the XTI Aircraft Company offering is $1 per share.

Where can I get the full financial details on the offering?

Please refer to the Offering Circular for information on the offering.

Can I invest by writing a check?

No, we are not accepting paper checks. Please use the Automated Clearing House (ACH) transfer or wire transfer options which are integrated with the StartEngine platform.

Is using StartEngine the only way to invest in XTI Aircraft Company’s Reg A+ offering?

Yes, you can only purchase Reg A+ shares in XTI Aircraft Company through the StartEngine platform.

Can I cancel my investment?

No. You cannot cancel your investment. But if you made a mistake, you will only have a 4-business hour window to contact live customer service via chat to correct your submission.

Live chat customer service hours are as follows:
Saturday - Sunday: closed

Monday - Friday 12pm-8pm EST (9am-5pm PST)

What documentation/confirmation will I receive for my investment?

Investors will receive a confirmation of their investment and a subscription agreement that has been accepted by XTI Aircraft Company via email.

My investment manager requires that I submit XTI Articles of Incorporation and ByLaws to complete my investment. Where can I get this information?

The Articles of Incorporation and Bylaws can be found here.

Who is FundAmerica and why are they involved?

XTI Aircraft Company will use FundAmerica Securities, an SEC registered, FINRA member, and SIPC insured broker-dealer to oversee and administer the actual financial transactions to comply with state and federal regulatory requirements.

Help, I’m experiencing a problem or having trouble using the platform to invest!

For assistance with making your investment, please contact StartEngine customer support via email at contact@startengine.com or the live chat on our website by clicking on the green chat widget in the lower right corner.

Is there a cost to investing?

No, there is no fee charged to the investor at any point during or after the transaction.  You pay only for the number of shares you desire to purchase.

Do I have an account?

If you made a reservation for shares, then you do have a StartEngine account as one is required to make a reservation.  If you no longer remember the password, you can recover it by going to www.startengine.com/forgot-password and entering the email address associated with your StartEngine account.  If you did not make a reservation for shares, you will need to create a StartEngine account.

I forgot my password, what do I do?

You can recover your password by going to www.startengine.com/forgot-password and entering your email address.  An email with a link allowing you to reset your password and login will be sent to the email address you entered.  Click on the link and follow the instructions to reset your password.  If you do not see the reset password email, please check your spam folder to make sure it did not get caught by the spam filter.  If you still do not get the email, please contact customer experience at contact@StartEngine.com

Please note if you try to recover your password but have not set up a StartEngine account, you will not receive an email.  

Can I invest?

Yes, anyone can invest.  In a departure from previous investment rules, the SEC now permits Regulation A (also called Reg A+) offerings to take on investors who are unaccredited as well as accredited investors.  An accredited investor is an individual who has a net worth in excess of $1MM (excluding his or her primary residence) or has had annual income in excess of $200,000 ($300,000 if joint income) for the past two years and reasonably expects that to continue.  

If you are a non-accredited investor, you may invest but will be limited to investing no more than the greater of 10% of your net worth or 10% of your annual income.

Do I have to invest a specific amount?

No, you may invest any amount as long as you meet the minimum investment amount of $350 AND, if you are a non-accredited investor, the amount you invest does not exceed the greater of 10% of your net worth or 10% of your annual income.  

Do I need to provide any documents to invest?

No, you do not need to provide any separate documents in order to invest. Just provide the information required by the online forms on StartEngine.

How much is the minimum investment?

The minimum investment amount for XTI Aircraft Company is $350.

What is the price per share?

The price per share for the XTI Aircraft Company offering is $1 per share.

Where can I get the full financial details on the offering?

Please refer to the OfferingCircular for information on the offering.  

Can I invest by writing a check?

No, we are not accepting paper checks.  Please use the Automated Clearing House (ACH) transfer or wire transfer options which are integrated with the StartEngine platform.

Is using StartEngine the only way to invest in XTI Aircraft Company’s Reg A+ offering?

Yes, you can only purchase Reg A+ shares in XTI Aircraft Company through the StartEngine platform.

Can I cancel my investment?

No. You cannot cancel your investment. But if you made a mistake, you will only have a 4-business hour window to contact live customer service via chat to correct your submission. 

Live chat customer service hours are as follows:
Saturday - Sunday: closed

Monday - Friday 12pm-8pm EST (9am-5pm PST) 

What documentation/confirmation will I receive for my investment?

Investors will receive a confirmation of their investment and a subscription agreement that has been accepted by XTI Aircraft Company via email.

My investment manager requires that I submit XTI Articles of Incorporation and ByLaws to complete my investment. Where can I get this information?

The Articles of Incorporation and Bylaws can be found here.

Who is FundAmerica and why are they involved?

XTI Aircraft Company will use FundAmerica Securities, an SEC registered, FINRA member, and SIPC insured broker-dealer to oversee and administer the actual financial transactions to comply with state and federal regulatory requirements.

Help, I’m experiencing a problem or having trouble using the platform to invest!

For assistance with making your investment, please contact StartEngine customer support via email at contact@startengine.com, live chat on our website by clicking on the green chat widget in the lower right corner.