Company Overview Summary

Core Business Activities

• Primary Focus: Aircraft development company.
• Additional Focus: Real-time location systems (RTLS) for the industrial sector, initially Legacy Inpixon’s core business prior to the XTI Merger.

Aircraft Development

• Product: TriFan 600 — a vertical takeoff and landing (VTOL), fixed-wing airplane.
• Design Goals: Combines helicopter-like takeoff and landing with fixed-wing cruise capabilities.
• Target Applications: Private business aviation, emergency medical services, regional charter flights.
• Features:
  • 7-occupant capacity.
  • Range of up to 985 miles.
  • Cruise speed: approximately twice that of helicopters.
  • Altitude: up to 25,000 feet.
  • Capable of vertical (VTOL), conventional (CTOL), and short runway (STOL) takeoff/landing.
• Pricing: Approximately $10 to $12 million per aircraft.
• Competitors: One known direct competitor with pricing between $20-30 million.
• Market Position:
  • Targets the existing general aviation market, valued at around $31.2 billion in 2024.
  • Market growth: 12% increase in general aircraft and helicopter shipments from 2023 to 2024.
  • Pre-orders: Over 290 airplanes via conditional purchase agreements, reservation deposits, and options.
  • Customer types: corporate, individual, helicopter operators, charter airlines, medical operators, regional airlines.

Manufacturing & Certification

• Development Stage: In design, testing, and certification phases.
• Regulatory: Working with FAA; submitted type certification application in March 2025.
• Certification Timeline: Goal for FAA certification in 2030.
• Production: Pending FAA certification; plans to assemble in-house or through third-party manufacturers.

RTLS & IIoT Solutions

• Technology: Digital transformation for industrial asset, personnel, and machine tracking.
• Product Offerings:
  • SaaS platform supporting indoor and outdoor real-time location applications.
  • Hardware: IoT sensors, tags, transceivers supporting UWB, CSS, GPS, BLE, RFID, LiDAR.
  • Software: Analytics, insights, and mapping tools incorporating AI and machine learning.
• Use Cases: Vehicle localization, yard management, inventory tracking, route optimization, security, safety.
• Market & Clients: Automotive, heavy industry, logistics, mining, government, corporate offices.
• Customer Base: Four major customers accounted for >10% of 2024 revenue (targets diverse industries).
• Sales Model:
  • Direct sales and channel partners.
  • Licensing & SaaS subscription (LaaS) model, typically 3-5 year contracts, recurring revenue.
• Business Focus Shift: Exploring sale of hardware portion to focus on SaaS software offerings.

Employees & Operations

• Number of Employees (as of April 11, 2025): 47 total.
  • Technical/engineering: 20.
  • Sales: 7.
  • Marketing: 4.
  • Finance, legal, admin: 9.
  • Officers: 3.
• Facilities:
  • Headquarters: Englewood, Colorado.
  • Additional offices: Berlin, Germany; Eschborn, Germany.
  • Leasing space in Palo Alto, California.
  • Planning to acquire consolidated facility at an airport for flight testing and production.

Revenue & Financial Status

• Aircraft Sales Revenue: No revenue generated to date; company remains in development stage.
• Pre-Orders/Customer Commitments: Over 290 aircraft pre-ordered through non-binding agreements, potential future gross revenue over $3 billion at $10 million per aircraft.
• Recent Revenue:
  • 2023: No revenue reported.
  • 2024: Four customers accounted for over 10% each of revenue (23%, 14%, 13%, 11%).

Other Details

• Business Strategy: Seeking strategic transactions, including potential autonomous drone ventures.
• Market Position: Aiming to disrupt traditional short-range regional air travel markets and expand into new mobility solutions, including future hybrid-electric and sustainability initiatives.
• Legal & Regulatory: Working with FAA for certification; involved in ongoing litigation and legal proceedings.