XTI Aerospace

XTI Aerospace is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado. XTI Aircraft Company is developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing capability of a helicopter, with cruising speeds of over 300 mph and a range up to 1,000 miles. XTI Aerospace also operates the Inpixon business unit, which sells real-time location systems used by customers in factories and other industrial facilities.

XTI Aerospace acquired Drone Nerds, a distributor and service provider of drones in the United States. The company said the acquisition expands its distribution and operational reach across the United States. The company said the acquisition also expands its enterprise drone capabilities across the United States.