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
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
Or
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
Japan Patent Approved
6 days agoXTI continues to expand protection of the intellectual property of its revolutionary TriFan 600. Please see press release:
https://www.einpresswire.com/article/493894524/xti-aircraft-company-receives-patent-from-japan?n=2
XTI Aircraft Company intends to close its offer on StartEngine by end of This Year
20 days agoFULL PRESS RELEASE: https://www.einpresswire.com/article/492398698/xti-aircraft-company-to-close-current-offering-by-year-end?n=2
Synopsis of Press Release:
XTI Aircraft Company (XTI) announced today that it intend to close its current financing on the StartEngine Crowdfunding platform sometime during the fourth quarter of this calendar year.
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GE Press Release on XTI Collaboration
about 1 month agoPlease see below from GE:
GE, XTI to study hybrid propulsion solution for TriFan 600 with GE’s CatalystTM
OSHKOSH, WI | July 23, 2019
GE Aviation and XTI Aircraft Company announced today that XTI has selected GE’s CatalystTM engine as the core of its TriFan 600 hybrid-electric propulsion system. The two companies will work together to define a series hybrid architecture that will meet the TriFan performance requirements.
“XTI has been seeking out the best hybrid propulsion solution for the TriFan 600 and we believe the Catalyst is the right choice,” said GE Aviation Turboprops General Manager Paul Corkery. “GE believes that parallel and series hybrid propulsion systems, those that include a turbine gas generator to take advantage of the energy density of jet fuel, will lead to much more capable aircraft for both traditional and emerging markets for many years to come. The Catalyst is a new, clean-sheet design that will greatly reduce fuel consumption, enabling longer in-flight missions and increased payload compared to other alternatives in this class.”
GE’s Catalyst is the first clean-sheet turboprop engine to hit the general aviation market in more than 30 years, enabling better performance through proven GE commercial technology. Operating as a series hybrid generator, GE’s Catalyst is designed to answer the propulsion and system needs of aircraft in the emerging megawatt hybrid propulsion market.
It currently has 98 patented technologies and is the first engine in its class to introduce two stages of variable stator vanes, cooled high-pressure turbine blades and more 3-D printed parts than any other commercial engine in history. It performs at an industry-best 16:1 overall pressure ratio. These key technologies enable GE’s Catalyst to extract more power at altitude, as well as excess thermodynamic power for growth in aircraft capability over the lifetime of a system.
Catalyst is designed to incorporate a Full Authority Digital Engine Control (FADEC) to allow simpler integration with the aircraft’s autopilot, flight control systems, and avionics, enabling seamless control for the pilot while protecting all engine limits in all phases of flight.
The TriFan 600 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. Its two wing fans then rotate forward for a seamless transition to cruise speed and its initial climb. It will reach 30,000 feet and cruise to the destination as a highly efficient business aircraft. The TriFan 600 will incorporate advanced safety features, including autopilot and computerized controls for takeoff and landing.
“We are excited to announce selection of the GE Catalyst engine for the core of our propulsion system because it provides the level of power required even at the significant altitudes the Trifan will fly. Our recent work with GE Aviation has convinced us they are the best partner to develop the core of our hybrid-electric propulsion system,” said Bob LaBelle, CEO of XTI Aircraft.
GE Aviation has been researching and developing hybrid-electric technology for nearly a decade for large regional and narrow body aircraft, as well as the general aviation and the VTOL market segments. The company opened its $51M Electrical Power Integrated System Center (EPISCENTER) facility in Dayton, OH in 2013. This facility can support six narrow body class aircraft labs simultaneously, as well as provide the capability to test systems from 0.5MW to 2.5 MW in size. After visiting this facility and assessing GE Aviation hybrid-electric capabilities, XTI made the decision to select the Catalyst engine and work with GE Aviation to refine its hybrid-electric architecture.
Since the Catalyst was unveiled to the public at the National Business Aviation Association (NBAA) Convention in November of 2015, GE Aviation has committed more than $400 million in development costs for the program.
XTI recently announced it has successfully completed initial hover tests of the TriFan 600 prototype, which tested the vehicle’s autonomous functions and ground control systems, including electric motors, the battery system, ducts, propellers, flight controls, electrical systems and instrumentation. Future flights will test forward, wing-borne flight, as well as the transition phase between vertical and forward-flight modes.
Customers have placed 80 orders to date for the TriFan 600 under XTI’s presale program.
About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation.
About XTI Aircraft Company
XTI Aircraft Company is a privately-owned aviation business based near 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.
XTI and GE sign Memorandum of Understanding for TriFan 600 Propulsion
about 1 month agoBig news from the EAA Air Venture show at Oshkosh: GE and XTI signed an agreement to develop the TriFan 600's hybrid-electric architecture using GE's all new, modern "Catalyst" engine as the core.
Several articles in Aviation Media yesterday and today. Here is one from GE's website: https://www.ge.com/reports/electric-sky-ge-catalyst-1mw-engine-lets-hybrid-planes-take-flight/
BizAv India Article says XTI Best Positioned to Succeed!
about 2 months agoGood endorsement in BizAv India article: "It seems XTI Best Positioned" (to Succeed.) http://www.sps-aviation.com/bizavindiasupplement/story/?id=245&h=Coming-Soon---VTOL-Business-Aircraft
Article in Vertiflite - the journal of the Vertical Flight Society
about 2 months agoGood summary of our May 2019 first flight efforts: