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
XTI Reaches 80 Pre-Sale Orders!
14 days agoXTI and Heliflite Sign Milestone Agreement
28 days agoWe are very pleased to be partnered with Heliflite for sales and service in Australia, New Zealand the rest of Oceania and Indonesia and the Philippines
Please see press release at: https://www.einpresswire.com/article/486426083/xti-aircraft-company-and-heliflite-announce-milestone-agreement?r=paEq9Y4RYvLQ1zAbLM
XTI Aircraft Company Successfully Tests Prototype TriFan 600 Vertical Takeoff Airplane
about 2 months agoHover tests mark major milestone for company
DENVER, Colo., May 8, 2019 XTI Aircraft Company (XTI) announced today it successfully completed the first test flights of its 65% scale prototype of the TriFan 600 VTOL aircraft as the company continues its progress on its long-range commercial vertical takeoff airplane.
The TriFan 600 prototype completed multiple takeoffs, hover, and landings, which tested and validated the electric motors, battery power system, ducted fan propulsion, flight controls, other electrical systems and instrumentation. The aircraft was on a short tether during the tests due to its location at an airport in northern California where it was constructed. Future flights at a certified UAV test facility will be untethered in hover and will also test forward, wing-borne flight, as well as the transition phase between vertical and forward-flight modes.
“This is the moment the entire XTI team, our investors, customers, and many others have been waiting for and working toward. In one year, we have progressed from conceptual design to a flying prototype,” said XTI Chief Executive Officer Robert LaBelle. “The aircraft proved to be stable in hover and had no problems throughout several runs.”
The test flights represent the latest milestone for XTI. The company previously reported it has booked early reservations for 77 aircraft from customers on six continents, representing $500m of future revenue, and announced approval of its design and utility patents, recruitment of top industry executives, and strong supplier relationships.
The TriFan 600 Could Become One of the Coolest and Quickest Ways to Fly - See Robb Report Article
2 months agoPrototype Update with Photo
3 months agoDear XTI Supporters, We are expecting the new electric motors to arrive next week and are targeting first flight soon after. Meanwhile we wanted to share a recent photo with all the components (except motors) installed.
Thank you for your support!
Aviation Week Article on XTI's Progress
4 months agoThis is a recent piece from AvWeek on XTI's Prototype progress with a photo:
The Week In Technology, Feb.5-11, 2019
Feb 5, 2019 Guy Norris | Aviation Week &Space Technology
Trifan 600 Scaled Demonstrator Poised for Flight Tests
XTI Aircraft is completing ground runs and system checks of a 65%-scale proof-of-concept prototype of its TriFan 600ducted-fan vertical-takeoff-and-landing (VTOL) business aircraft prior to first flight in the next few weeks. “We have completely re-architected the propulsion system and made some significant changes to the air vehicle design,” says CEO Bob LaBelle. “We’ve moved the horizontal tail up, and it is now a T-tail. There was some obstruction of the airflow across the back tail. We also added winglets to increase the wing area and give it a bit better cruise performance.”
The TriFan 600 will have a 1,000-shpturboshaft engine driving three generators that power dual 250-kW motors oneach of two 6-ft.-dia. wing-mounted ducted, pivoting fans and acounter-rotating, 5-ft.-dia. fan mounted in the aft fuselage. The two largerfans are mounted on the wing leading edges and tilt between vertical andforward flight. The smaller lift-only fan, which helps counter adverse yaw viaa set of vanes, is shut down and covered over with doors in forward flight.
“There are two electric motors per fanand a battery pack generating 250 kW in vertical-takeoff mode. Once you are inup-and-away flight, the liquid-cooled batteries recharge,” says LaBelle, whoadds that the subscale prototype is now configured with trailing-edge flaps.“We may or may not keep those. We want to see if it makes a difference inkeeping the airflow attached to the wings during transition.”
The Colorado-based startup expects toconduct a critical design review and assembly of the full-scale test aircraftover the next year, with a further two test airframes joining the program inthe following year. The company is targeting certification and initialproduction starting around 2023. XTI has taken reservations for 76 aircraft andenvisages a market for around 2,000 TriFans for a variety of missions rangingfrom business and commuter roles to emergency medical services and possiblymilitary utility.
Happy New Year
6 months agoDear Investors and Followers, I wish you a happy and healthy 2019 from all of us at XTI Aircraft. Thank you for your interest and investment in our ground-breaking project.
Although we did not get in the air as planned in 2018, that milestone is imminent. The prototype aircraft was built quickly and safely, now we are proceeding through electrical check-outs of the power system slowly and carefully so that the aircraft, the components and people are preserved. The team has learned a lot in the process, and the delay encountered will pay dividends as we proceed further into testing the prototype and building and flying the full-scale aircraft.
You will be the first to know when we achieve first flight of the prototype. Thank you again for your support. 2019 will be a big year for XTI. Happy New Year!
Robert LaBelle
CEO
Another Nice Article about XTI - This in Business Focus Magazine
8 months agoGood Article from San Francisco Chronicle
8 months agoThis is a good read with some good images and comments from XTI. Enjoy!
https://www.sfchronicle.com/travel/article/A-tech-fueled-revolution-in-air-travel-is-nearly-13336388.php?utm_campaign=email-premium&utm_source=CMS%20Sharing%20Button&utm_medium=social
Icon Aviation and XTI Aircraft Company Announce First TriFan 600 Order in Brazil
8 months agoOrder booked at National Business Aircraft Association Convention
Icon and XTI have established a long-term relationship to collaborate on joint expansion of our respective businesses.”
— Décio Galvão, Icon Aviation CEO
ORLANDO, FLORIDA, USA, October 17, 2018 /EINPresswire.com/ -- Icon Aviation (Icon) and XTI Aircraft Company (XTI) jointly announced today that Icon has placed an order for one TriFan 600 vertical takeoff airplane. The XTI TriFan 600 is the world’s first commercial hybrid-electric VTOL airplane. With this order, XTI continues to build its global reservations backlog, now representing $416 million in gross revenues upon delivery.
Headquartered in São Paulo, Brazil, Icon is the largest private jet company in South America, amassing a fleet of around 30 aircraft dedicated to the Business Aviation market, embracing a wide range of classes and sizes and providing high-standard solutions and services for companies and individuals. This aircraft reservation is the first TriFan 600 sold into Brazil’s active and growing executive/VIP market.
“In addition to the order and our agreement for the options,” said Décio Galvão, Icon Aviation’s Chief Executive Officer, “Icon and XTI have established a long-term relationship to collaborate on joint expansion of our respective businesses. As XTI nears the point in time when it will begin deliveries of the TriFan 600, Icon will incorporate this revolutionary airplane into its fleet. That means we will be offering our customers expanded services and unparalleled door-to-door convenience.”
“We’re very pleased to be working with Icon,” said Robert LaBelle, Chief Executive Officer of XTI. “Icon is a recognized business aviation company leader in Brazil and throughout South America, and is an ideal partner and customer for the TriFan aircraft. We’ve received strong customer interest for the second year in a row at NBAA’s Business Aviation Convention, most notably our agreement with Icon.”
XTI officially launched its prototype program at the 2017 NBAA trade show in Las Vegas, and recently announced that it will be commencing flight tests of its first prototype of the TriFan next month.
The TriFan 600 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. It will travel up to 345 miles an hour True Airspeed plus a non-stop range of up to 1,200 miles. Using three ducted fans, the TriFan lifts off vertically. Its two wing fans then rotate forward for a seamless transition to cruise speed and its initial climb. It will reach nearly 30,000 feet in just ten minutes and cruise to the destination as a highly efficient business aircraft, including the comforts of a pressurized cabin.
On June 19, at the 2017 Paris Air Show, XTI announced its first orders for the TriFan 600 under the company’s pre-sales program. The pre-sales reservation program continues at this year’s 2018 NBAA, now totaling over 64 aircraft worldwide. “With the new orders at NBAA, it’s clear that the market continues to recognize the value proposition of our unique and revolutionary airplane and its patented technology,” said LaBelle. “Vertical takeoff combined with long-range, the speed and comfort of a business aircraft, and our quieter and cleaner state-of- the-art hybrid-electric propulsion system.”
ORLANDO, FLORIDA, USA, October 17, 2018 /EINPresswire.com/ -- Icon Aviation (Icon) and XTI Aircraft Company (XTI) jointly announced today that Icon has placed an order for one TriFan 600 vertical takeoff airplane. The XTI TriFan 600 is the world’s first commercial hybrid-electric VTOL airplane. With this order, XTI continues to build its global reservations backlog, now representing $416 million in gross revenues upon delivery.
Headquartered in São Paulo, Brazil, Icon is the largest private jet company in South America, amassing a fleet of around 30 aircraft dedicated to the Business Aviation market, embracing a wide range of classes and sizes and providing high-standard solutions and services for companies and individuals. This aircraft reservation is the first TriFan 600 sold into Brazil’s active and growing executive/VIP market.
“In addition to the order and our agreement for the options,” said Décio Galvão, Icon Aviation’s Chief Executive Officer, “Icon and XTI have established a long-term relationship to collaborate on joint expansion of our respective businesses. As XTI nears the point in time when it will begin deliveries of the TriFan 600, Icon will incorporate this revolutionary airplane into its fleet. That means we will be offering our customers expanded services and unparalleled door-to-door convenience.”
“We’re very pleased to be working with Icon,” said Robert LaBelle, Chief Executive Officer of XTI. “Icon is a recognized business aviation company leader in Brazil and throughout South America, and is an ideal partner and customer for the TriFan aircraft. We’ve received strong customer interest for the second year in a row at NBAA’s Business Aviation Convention, most notably our agreement with Icon.”
XTI officially launched its prototype program at the 2017 NBAA trade show in Las Vegas, and recently announced that it will be commencing flight tests of its first prototype of the TriFan next month.
The TriFan 600 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. It will travel up to 345 miles an hour True Airspeed plus a non-stop range of up to 1,200 miles. Using three ducted fans, the TriFan lifts off vertically. Its two wing fans then rotate forward for a seamless transition to cruise speed and its initial climb. It will reach nearly 30,000 feet in just ten minutes and cruise to the destination as a highly efficient business aircraft, including the comforts of a pressurized cabin.
On June 19, at the 2017 Paris Air Show, XTI announced its first orders for the TriFan 600 under the company’s pre-sales program. The pre-sales reservation program continues at this year’s 2018 NBAA, now totaling over 64 aircraft worldwide. “With the new orders at NBAA, it’s clear that the market continues to recognize the value proposition of our unique and revolutionary airplane and its patented technology,” said LaBelle. “Vertical takeoff combined with long-range, the speed and comfort of a business aircraft, and our quieter and cleaner state-of- the-art hybrid-electric propulsion system.”
XTI Mentioned in Aviation Week Article on Hybrid-Electric developments
8 months agoXTI and Honeywell's collaboration mentioned in this article about Hybrid-Electric propulsion development:
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XTI Finalizing Construction of Prototype
9 months agoXTI expects to finish its 2/3 scale prototype next week. We will send pictures after we have it primed and looking good!
Thank you for your support!
