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XTI Aerospace Announces Closing of $20 Million Common Stock Offering

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ENGLEWOOD, Colo., Jan. 10, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA), (“XTI” or the “Company”), a pioneer in advanced aircraft design, today announced the closing of its previously announced best-efforts offering of 1,454,546 shares of common stock, priced at-the-market under Nasdaq rules at an offering price of $13.75 per share, on a post 1-for-250 reverse stock split basis. Gross proceeds from the offering were approximately $20,000,000, before deducting the placement agent’s fees and other offering expenses. All the shares in the offering were offered by the Company.

The Company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes.

ThinkEquity acted as sole placement agent for the offering.

The securities were offered and sold pursuant to the Company’s currently effective shelf registration statement on Form S-3 (File No. 333-279901), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024 and declared effective on June 18, 2024. The offering was made by means of a prospectus supplement and prospectus which have been filed with the SEC and available on the SEC’s website at www.sec.gov. You should read the applicable prospectus supplement and prospectus for more complete information about the Company and the offering. You may obtain these documents free of charge by visiting the SEC website at www.sec.gov. Alternatively, you may obtain copies by contacting ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 up to 345 mph and a range of approximately 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 HangerXStudios.com (an aviation innovation podcast), and follow the company on LinkedIn, Instagram, X, and YouTube.

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, the advantages of XTI’s technology, and XTI’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 and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI 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’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.

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AMI Brings Firmware Expertise to Arm Total Design Ecosystem to Simplify and Accelerate Development for Arm-based Custom Chiplet Solutions

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January 22, 2025

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ATLANTA, Jan. 22, 2025 /PRNewswire/ — AMI®, the global leader in Dynamic Firmware for worldwide computing, is excited to announce it is bringing its expertise in industry-leading silicon firmware solutions to the Arm® Total Design ecosystem, aimed at accelerating development of custom silicon on Arm Compute Subsystems (CSS). In addition, AMI announced it is contributing its silicon firmware expertise to Arm’s Chiplet System Architecture (CSA).

AMI brings its silicon firmware solutions and expertise to Arm Total Design ecosystem and Chiplet System Architecture.

The growth of the Arm Total Design ecosystem represents a greater need in the industry for faster time to market, lower costs and frictionless delivery of custom SoCs. As part of the Arm Total Design ecosystem, AMI is committed to providing firmware solutions that help bring Arm-based custom silicon solutions to market faster than ever before. By leveraging the latest Neoverse™ CSS innovations from Arm, paired with AMI’s deep system knowledge and firmware expertise, developers can reach new levels of performance and efficiency, while also ensuring a seamless out-of-the-box software integration experience. 

As the first independent firmware vendor (IFV) included in the Arm Total Design ecosystem, AMI leverages its industry-leading silicon firmware solutions to ensure that mutual customers can maximize their performance while maintaining critical platform reliability, stability, and security. The modular framework provided by AMI for separating the compute and I/O subsystem provides a high degree of flexibility and agility for adopting these designs. AMI’s delivery of the pre-configured and pre-tested production quality modules for the reusable chiplets streamlines the time and resources required for this stage of development.

In addition to participating in Arm Total Design, AMI is also contributing its silicon firmware expertise to Arm’s CSA. The CSA outlines how to define and connect chiplets, mitigating the risk of fragmentation. New chiplet designs can be created with the confidence that they can be adapted and reused in CSA-compliant systems. 

“Arm Total Design has grown into an important ecosystem enabling the entire industry to innovate around Arm Neoverse CSS and build optimized silicon for specific use cases including AI, cloud, networking and the edge,” said Eddie Ramirez, vice president of go-to-market, Infrastructure Line of Business, Arm. “AMI brings unique expertise in firmware solutions to both the Arm Total Design ecosystem and as a contributor to CSA, making them a critical part of our customers’ success story.” 

Srivatsan Ramachandran, SVP of Global Strategic Alliances and Ecosystem Development at AMI, remarked, “We are proud to be part of the Arm Total Design ecosystem, collaborating with leading companies across a wide range of industries and applications. Our involvement in this ecosystem highlights our commitment to supporting the success of our partners and clients as they adopt Arm’s groundbreaking Neoverse CSS and Chiplet System Architecture.” 

Arm® and Neoverse™ are registered trademarks and/or trademarks of Arm Limited (or its subsidiaries) in the US and/or elsewhere.

About AMI
AMI is Firmware Reimagined for modern computing. As a global leader in Dynamic Firmware for security, orchestration, and manageability solutions, AMI enables the world’s compute platforms from on-premises to the cloud to the edge. AMI’s industry-leading foundational technology and unwavering customer support have generated lasting partnerships and spurred innovation for some of the most prominent brands in the high-tech industry.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ami-brings-firmware-expertise-to-arm-total-design-ecosystem-to-simplify-and-accelerate-development-for-arm-based-custom-chiplet-solutions-302357736.html

SOURCE AMI

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Global Private 5G Network Market Experiences Explosive Growth with 46.8% CAGR

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31 minutes ago

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January 22, 2025

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Comprehensive Report Unveils Latest Advances, Market Dynamics, and Practical Applications in the Private 5G Network Sector

BOSTON, Jan. 22, 2025 /PRNewswire/ — According to the latest study from BCC Research, “Global Private 5G Network Market” is projected to reach $22.2 billion by the end of 2029, at a CAGR of 46.8% for the forecast period of 2024-2029.

Private 5G networks cover hardware, software, and services. The report breaks down the market into frequency bands (sub-6-GHz and millimeter-wave) and deployment types (on-premises and cloud-based). The report examines how private 5G is used in industries such as manufacturing, healthcare, BFSI, energy, automotive, aerospace, media, mining, IT, logistics, and supply chain management. It also provides a regional analysis for North America, Europe, Asia-Pacific, and the Rest of the World, which includes Latin America, the Middle East and Africa. The study covers market drivers, trends and profiles of leading companies, with projections from 2024 to 2029 based on 2023 data.

The private 5G network market is evolving quickly, with innovations expanding its use across industries. With rising needs for secure, low-latency communications, the drive for industrial automation, and a growing demand for tailored network solutions, it is more important than ever for stakeholders to stay on top of these developments. Understanding the latest in private 5G can help companies seize new opportunities and stay competitive in this fast-changing landscape.

Factors driving the global private 5G network market include:

Growing Emphasis on Industrial Automation: Private 5G networks enable high-speed, low-latency connectivity for automated machinery and real-time data processing, boosting industrial efficiency.

Rising Demand for Low Latency and High Reliability: These networks provide the ultra-low latency and high reliability, needed for mission-critical applications in healthcare, manufacturing, and autonomous vehicles.

Increasing Security Concerns: Private 5G networks enhance security by offering better control over data traffic and allowing businesses to implement tailored security protocols.

Broadening Scope of Customized Solutions: These networks can be customized to meet specific industry needs, such as supporting high device density, providing remote coverage, or integrating with existing systems.

Request a sample copy of the global private 5G network market report.

Report Synopsis 

Report Metric

Details

Base year considered

2023

Forecast period considered

2024-2029

Base year market size

$2.3 billion

Market size forecast

$22.2 billion

Growth rate

CAGR of 46.8% for the forecast period of 2024-2029

Segments covered

Offering, Frequency Band, Deployment Type, Application

Regions covered

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Market drivers

• Growing emphasis on industrial automation.

• Rising demand for low latency and for high reliability.

• Increasing security concerns.

• Broadening scope of customized solutions

Facts about the global private 5G network market:

 Network Slicing in Private 5G: Enterprises use network slicing to customize network resources for specific applications, enhancing performance and security beyond traditional networks. Edge Computing Integration: Combining edge computing with private 5G enables real-time data processing at the network edge, reducing latency and enabling new applications such as autonomous vehicles and smart cities. Adoption in Key Sectors: Private 5G networks are increasingly used in manufacturing and healthcare for real-time data processing and high reliability, supporting technologies such as augmented reality and automation.

The report addresses the following questions:

What is the projected size and growth rate of the market?
• The market is projected to reach $22.2 billion by the end of 2029, at a CAGR of 46.8%.What factors are driving the growth of the market?
• These drivers include a growing emphasis on industrial automation, rising demand for low latency and high reliability, and increasing security concerns.What market segments are covered in the report?
• Offering, frequency band, deployment type, application and region.Which frequency band segment will dominate the market in 2029?
• The sub-6 GHz spectrum frequency band is expected to dominate the market in 2029.Which region has the largest market share?
• North America holds the largest share.

Market leaders include:

 HUAWEI TECHNOLOGIES CO. LTD. CISCO SYSTEMS INC. CIENA CORP. JUNIPER NETWORKS INC. NEC CORP. NOKIA ORACLE SAMSUNG TELEFONAKTIEBOLAGET LM ERICSSON ZTE CORP.

Purchase a copy of the report direct from BCC Research.

For further information on any of these reports or to make a purchase, please contact info@bccresearch.com.    

About BCC Research

BCC Research market research reports provide objective, unbiased measurement, and assessment of market opportunities. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

Contact Us

Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301
For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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SOURCE BCC Research LLC

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Southeast Missouri State University Receives Donation from OMRON to Support Engineering Education

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31 minutes ago

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January 22, 2025

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OMRON Furthers Commitment to Education and Community Impact by Empowering Future Innovators at SEMO

HOFFMAN ESTATE, Ill., Jan. 22, 2025 /PRNewswire-PRWeb/ — The OMRON Foundation has reinforced its commitment to fostering educational excellence through a donation to Southeast Missouri State University. This initiative equips the Department of Engineering and Technology with OMRON automation technology and enhances the engineering program by providing students with hands on experiences using the latest industry automation system.

“Through this partnership, we aim to further enhance the educational experiences of our students by putting a wider variety of automation tools in their hands to better prepare our graduates to meet the demands of the industry,” said Dr. Brad Deken.

“Through this partnership, we aim to further enhance the educational experiences of our students by putting a wider variety of automation tools in their hands to better prepare our graduates to meet the demands of the industry,” said Dr. Brad Deken, Chair of the Department of Engineering and Technology. “OMRON’s support enables us to offer a more dynamic, technology driven education.”

OMRON’s commitment to educational development and community support aligns with its mission to improve lives and build a better society. With a network of local manufacturers, students will gain valuable knowledge and experience in OMRON technology. This allows students to gain practical, hands on experience, preparing them for real world challenges and enhancing their career readiness.

“As a former student and now an employee at OMRON, I’ve experienced firsthand the immense benefits of integrating real world technology into our learning processes. Leading the partnership initiative has allowed me to give back to the program that shaped my career, ensuring that future students have even greater opportunities for success,” said Rajitha Dissanayake, OMRON Applications Engineer.

About Omron Foundation, Inc.
Founded in 1989, OMRON Foundation, Inc. (OFI) coordinates the charitable efforts of Omron offices in the U.S. to achieve the greatest positive social impact. The Foundation is funded by Omron’s subsidiaries in the U.S., which contribute a portion of sales revenue to the Foundation. The Foundation divides its charitable resources among organizations benefiting education, people with disabilities, cultural programs, health, and other social concerns including disaster relief.

About Omron Automation
Omron Automation is an industrial automation partner that creates, sells and services fully integrated automation solutions that include sensing, control, safety, vision, motion, robotics and more. Established in 1933, Omron’s 30,000 employees help businesses solve problems with creativity in more than 110 countries. Learn more at http://automation.omron.com.
For questions about OMRON Foundation, contact OMRON Foundation Director, Kevin Bulatek at kevin.bulatek@omron.com. 

Media Contact

Amy Wang, Omron Automation America, 2245756514, amy.wang@omron.com, https://automation.omron.com/en/us/

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SOURCE Omron Automation America

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