ENGLEWOOD, Colo., Oct. 30,
2024 /PRNewswire/ -- XTI Aerospace, Inc.
(NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announced
that Jennifer Gaines has joined the
Company as its Chief Legal Officer, effective October 28, 2024. Ms. Gaines will report directly
to the Company's Chairman and CEO, Scott
Pomeroy, and will be responsible for overseeing all XTI
Aerospace's legal and compliance functions.
Ms. Gaines brings a wealth of in-house counsel experience
spanning diverse industries including technology,
telecommunications, aerospace, and private equity. Prior joining
XTI Aerospace, Ms. Gaines held senior legal leadership positions at
Nemetschek Group, SoftwareOne, Shift Technologies, OneSource
Virtual, Weblink Wireless, and Patriarch Partners. Her extensive
experience is complemented by a strong commitment to mentoring and
leadership within the legal community, highlighted by her
membership in various professional organizations. She earned
her J.D. from the University of
Tulsa and a B.A. from Baylor
University.
Scott Pomeroy, CEO of XTI
Aerospace, commented, "We are thrilled to welcome Jennifer to XTI
Aerospace. With nearly three decades of leadership and legal
experience across multiple sectors of the technology industry, she
brings a wealth of knowledge to XTI Aerospace. Her extensive
experience and strategic mindset will be invaluable as we execute
on our regulatory and commercialization strategy to bring the
TriFan 600 to market as rapidly and efficiently as possible."
"I am excited to join the XTI Aerospace team as their Chief
Legal Officer," said Ms. Gaines. "I believe XTI Aerospace has the
potential to transform its segment of the aviation industry, and I
look forward to being a part of this groundbreaking journey. I am
eager to leverage my experience to support our innovative
initiatives and to ensure we navigate the complexities of the legal
landscape with integrity and excellence."
About XTI Aerospace, Inc.
XTI Aerospace
(XTIAerospace.com) (NASDAQ: XTIA) is the parent company of XTI
Aircraft Company, 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, and follow the company
on LinkedIn, X, and YouTube.
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,
including without limitation, statements about the products under
development by XTI Aerospace, the advantages of XTI Aerospace's
technology, and XTI Aerospace's customers, plans and strategies are
forward-looking statements.
Some of these forward-looking statements can be identified by
the use of forward-looking words, including "believe," "continue,"
"could," "would," "will," "estimate," "expect," "intend," "plan,"
"target," "projects," 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.
XTI Aerospace undertakes no obligation to revise any
forward-looking statements in order to reflect events or
circumstances that might subsequently arise. Readers are urged to
carefully review and consider the risk factors discussed from time
to time in XTI Aerospace's filings with the SEC, including those
factors discussed under the caption "Risk Factors" in its most
recent annual report on Form 10-K, filed with the SEC on
April 16, 2024, and in subsequent
reports filed with or furnished to the SEC.
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
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SOURCE XTI Aerospace, Inc.