ENGLEWOOD, Colo., May 15, 2024
/PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace"
or the "Company") today announced that it has appointed Ms.
Tensie Axton, a senior finance and
strategic planning executive, to serve on the Company's Board of
Directors (the "Board") and to serve as Chair of the Board's
Nominating and Corporate Governance Committee and as a member of
the Board's Audit Committee and the Board's Compensation Committee,
effective May 13, 2024.
Tensie Axton has over thirty
years of experience in start-up and high-growth businesses, capital
markets, building and leading teams, accounting and auditing,
mergers and acquisitions, investor relations, and system
implementations. Ms. Axton has been a senior managing director at
FTI Consulting, Inc. in the Corporate Finance practice since
May 2019 where she specializes in
developing and executing successful operational and financial
strategies for businesses in various stages of their business
cycle, including serving as interim CFO. Ms. Axton previously
served as chief financial officer for Neighbors Health, LLC and
Colorado Bancorp, chief operating officer for Pinnacle Medical
Partners, and vice president - finance at Kevco, Inc. She began her
career at KPMG where she was a transaction services partner in
Silicon Valley, California and
Denver, Colorado for eight years
and served as office managing partner for KPMG's Denver office. Ms. Axton has a BBA in
Accounting and is a CPA.
"We are delighted to welcome Tensie to our Board of Directors,"
commented Scott Pomeroy, chief
executive officer of XTI Aerospace. "Tensie brings to XTI
Aerospace's Board decades of financial experience and a unique
skillset of developing operational and financial strategies to
further growth. We are at a major inflection point in the Company's
journey and believe Tensie's experience and knowledge of developing
and implementing strategic growth plans will be invaluable as we
execute our business plan and advance the TriFan 600 towards
commercialization. We look forward to working closely with Tensie
and witnessing her contributions."
About XTI Aerospace, Inc.
XTI Aerospace (XTIAerospace.com) is the parent company of XTI
Aircraft Company (XTIAircraft.com), an aviation business based near
Denver, Colorado, currently
developing the TriFan 600, a fixed-wing business aircraft
designed to have the vertical takeoff and landing (VTOL) capability
of a helicopter, speeds of 345 mph and a range of 700 miles,
creating an entirely new category – the vertical lift crossover
airplane (VLCA). Additionally, the Inpixon (inpixon.com) business
unit of XTI Aerospace is a leader in real-time location systems
(RTLS) technology with customers around the world who use the
Company's location intelligence solutions in factories and other
industrial facilities to help optimize operations, increase
productivity, and enhance safety. For more information about XTI
Aerospace, please visit XTIAerospace.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act,
and Section 21E of the Exchange Act. All statements other than
statements of historical fact contained in this press release are
forward-looking statements.
Some of these forward-looking statements can be identified by
the use of forward-looking words, including "believe," "continue,"
"could," "estimate," "will," "expect," "intend," "plan," "target,"
"projects," "will," or the negatives of these terms or variations
of them or similar expressions. All forward-looking statements are
subject to risks, uncertainties, and other factors which could
cause actual results to differ materially from those expressed or
implied by such forward-looking statements. All forward-looking
statements are based upon estimates, forecasts, and assumptions
that, while considered reasonable by XTI Aerospace and its
management, are inherently uncertain, and many factors may cause
the actual results to differ materially from current
expectations.
Contacts
General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact/
Investor Relations:
Crescendo Communications
Tel: +1 212-671-1020
Email: XTIA@crescendo-ir.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/xti-aerospace-appoints-accomplished-finance-and-strategic-planning-executive-tensie-axton-to-its-board-of-directors-302146888.html
SOURCE XTI Aerospace, Inc.