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XTI Aerospace Provides Second Quarter 2024 Business Update

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ENGLEWOOD, Colo., Aug. 14, 2024 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI Aerospace” or the “Company”) today announces a business update and the filing of its quarterly report on Form 10-Q for the quarter ended June 30, 2024.

“We continue to advance the development of the TriFan 600, a fixed-wing, vertical lift crossover aircraft uniquely designed to meet the needs of the evolving aviation industry and its customers,” said Scott Pomeroy, CEO of XTI Aerospace. “In the second quarter, XTI Aerospace and AVX Aircraft Company (“AVX”), a leader in advanced vertical lift solutions, announced the signing of a letter of intent, and are currently progressing towards a definitive agreement, whereby AVX’s experienced engineers will provide design, development and certification services to XTI Aerospace, reducing overall commercialization costs and potentially accelerating the timeline to first flight.”

Don Purdy, SVP business & program development, added, “XTI Aircraft continues to progress the TriFan 600 design. Specifically, the team is focused on the C211.2 configuration update which will further optimize the aerodynamic performance of the aircraft. Also, XTI Aerospace and AVX, under an interim engineering services agreement, are collaborating on several ‘trade studies,’ such as the use of full digital control of actuators to direct the aircraft – known as ‘fly-by-wire’ – and the use of composite materials versus aluminum for various aircraft structures and surfaces. These trade studies will further refine the revolutionary design of the TriFan 600 – a category-defining aircraft.”

“In the second quarter, XTI Aerospace also announced conditional preorders for 100 TriFan 600 aircraft from Mesa Air Group,” said Mr. Pomeroy. “Assuming the order is fully exercised, it would represent approximately $1 billion in revenue for XTI Aerospace, validating the interest and support we are witnessing in the market. Additionally, XTI Aerospace executed a capital distribution agreement with FC Imperial Limited for a proposed strategic equity investment of up to $55 million at a post-money valuation of $275 million, following more than one year of negotiations and due diligence. The time to commercialization of the TriFan 600 would be advanced upon closing of this transaction.”

Visit the recently redesigned website at XTIAerospace.com which includes a video from the Company’s founder, David Brody, sharing the Company’s story and how the TriFan vertical lift crossover airplane is positioned to transform the aviation market.

Key Expected Milestones

Q3 2024

Finalize definitive agreement with AVX for further design and development of the TriFan 600 Vertical Lift Crossover Airplane

Q4 2024

Establish Alliance Perot Field (Fort Worth, TX) engineering officesSelect engine supplier, cabin integrator and drivetrain suppliers

Q1 2025

Complete key engineering hiresSelect avionics supplier

Q2 2025

Complete engineering facilities expansionComplete marketing demonstrator

Q3 2025

Complete virtual/augmented reality cabin experience

Q4 2025

Complete preliminary design review (PDR)

The Company’s quarterly report on Form 10-Q for the quarterly period ended June 30, 2024, is scheduled to be filed with the U.S. Securities and Exchange Commission today. The Form 10-Q will also be available on the Company’s website.

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, including without limitation, statements about XTI Aerospace’s ability to achieve expected milestones in the timeframes currently anticipated or at all, XTI Aerospace and AVX successfully negotiating and entering into a definitive agreement, XTI Aerospace and FC Imperial Limited consummating their proposed transaction, Mesa Air Group exercising their conditional preorder, 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 annual report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) on April 16, 2024, its quarterly report on Form 10-Q for the quarterly period ended June 30, 2024, filed with the SEC today, 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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Delta Participates in COP31 and CBD COP17, Supporting Electrification and Biodiversity Conservation

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TAIPEI, Nov. 9, 2026 /PRNewswire/ — Delta marks its 19th consecutive year of participation in the 31st United Nations Climate Change Conference (UNFCCC COP31), which opens today in Antalya, Türkiye. Delta will support the host country’s “35×35” initiative, targeting a 35% electrification goal by 2035, by sharing how smart microgrids accelerate electrification at an official side event. Earlier, at the 17th Conference of the Parties to the Convention on Biological Diversity (CBD COP17) in late October, Delta partnered with the International Union for Conservation of Nature (IUCN) to showcase the world’s first application of the Species Threat Abatement and Restoration (STAR) metric for coral restoration and conservation assessment. Through international collaboration, Delta addresses climate mitigation and adaptation challenges with technological innovation and ecosystem restoration.

Shan-Shan Guo, Vice Chairperson of the Delta Electronics Foundation, said, “As global electrification accelerates and AI drives growing electricity demand, Delta leverages its core technologies to improve energy efficiency and resilience through microgrids and smart energy management, support electrification, and help AI data centers increase their use of clean energy. As Delta celebrates its 55th anniversary, we are participating in international climate conferences under the theme ‘Smarter is Greener.’ At COP31, our EMEA leadership and Foundation colleagues will engage with international thought leaders at official side events and the France Pavilion. We also shared our coral restoration experience and achievements at CBD COP17. Through innovative technology, we hope to collaborate with climate partners and move forward toward a more sustainable future.”

During COP31, Delta will host its 9th official side event in the Blue Zone, joining the Association for Renewable Energy and Clean Technology (REA) and the German Federal Environmental Foundation (DBU) to exchange insights on microgrid applications. Delta will also share its experience deploying microgrids in Indigenous communities to strengthen disaster resilience. In 2025, renewable electricity accounted for 91% of Delta’s global electricity consumption, and Delta achieved its RE100 target in 32 countries.

Delta Presents World-Leading Coral Restoration Experience at CBD COP17

Wim Chang, CEO of the Delta Electronics Foundation, said, “Delta combines technology with coral restoration and conservation, aiming to preserve more than half of the coral species in the Pacific Ocean by 2030. This year, in partnership with IUCN, we became the first globally to apply the STAR metric to coral reef areas where Delta conducts restoration. By scientifically quantifying threats to species survival, we aim to make conservation outcomes more measurable and credible.”

Nicholas Macfarlane, Head of Conservation Science and Technology at IUCN, said, “We are delighted to have partnered with Delta on the world’s first application of the marine STAR metric. This collaboration demonstrates the potential of corporate and scientific partnerships, and we look forward to advancing marine biodiversity through innovative, measurable conservation strategies.”

At CBD COP17 in late October, Delta presented its research at the Nature Pavilion, a flagship venue hosted by IUCN. This year, Delta applied the STAR methodology to coral reef areas in Kenting, Taiwan, and calibrated the results against IUCN’s global database, aligning its restoration methodology with international standards.

Delta also invited Professor David Obura, lead author of the coral chapter of the IUCN Red List of Threatened Species, to a side event at the Ocean Pavilion. Together with international organizations including the UK’s Plymouth Marine Laboratory (PML) and the International Coral Reef Society (ICRS), participants discussed ways to strengthen coral reef resilience.

From biodiversity conservation to electrification goals, leveraging scientific research and technological innovation to address global environmental challenges remains a core focus for the United Nations. To help the international community combat climate change and biodiversity loss, Delta has participated in two COP summits 22 times, and hosted or been invited to 43 side events to date.

ABOUT DELTA

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 15 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 8 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

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SOURCE Delta

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China, Europe and Africa Explore New Paths for Green Energy Cooperation

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WENZHOU, China, Nov. 9, 2026 /PRNewswire/ — Under the theme “Deepen Green Partnerships, Build a Shared Zero-Carbon Future”, the 2026 China-Europe-Africa Green Energy Development Forum was held in Zhejiang, China. The forum was organized by the CPAFFC and the China-EU Association, with the Commonweal Foundation of CHINT and StarTimes Group serving as co-organizers.

The forum aimed to strengthen collaboration among China, Europe, and Africa in the renewable energy sector, while fostering joint efforts to advance the global energy transition and address the challenges posed by climate change.

Discussions focused on key issues, including cross-regional industrial cooperation amid the new global climate governance landscape, innovative green finance for developing countries, technological innovation and digital transformation, and global green value chain development.

Forum participants and experts emphasized the significant potential for China, Europe and Africa to work together on the green transition. Stronger cross-regional partnerships can help address climate challenges, support global economic stability and extend the benefits of green development to more countries and communities.

They also stressed the need for greater coordination on technical standards, certification and carbon markets, alongside innovative financing mechanisms. Expanding access to small-scale solar solutions, promoting ecological restoration and strengthening international cooperation were also identified as important steps towards improving energy access and accelerating Africa’s green transition.

Against the backdrop of evolving global climate governance, the forum explored ways to strengthen industrial cooperation by building on the complementary strengths of the three regions. These include China’s established green energy solutions, Africa’s abundant energy resources, and Europe’s market expertise and technological capabilities.

At the business level, companies are increasingly turning these complementary strengths into practical partnerships. CHINT, a trusted provider of integrated power and energy solutions, has established smart manufacturing facilities, and delivered solar and energy storage projects worldwide. In Africa, its affordable solar solutions for off-grid and weak-grid areas are bringing reliable, clean electricity to remote communities.

The forum also served as a platform for cross-regional dialogue, business exchange and partnership building, creating opportunities to turn shared ambitions into tangible initiatives.

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Telespazio Partners with Rivada for Secure Connectivity

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The Outernet’s backbone in space brings an unparalleled level of security to government & enterprise communications

Outernet is a constellation of 600 ultra-secure, networked low-earth orbit satellitesCombining the speed of fiber with the reach of satelliteOrbital mesh network with no terrestrial gateways ensures security by design

MUNICH, Nov. 9, 2026 /PRNewswire/ — Rivada Space Networks is partnering with Telespazio, a 67/33 joint venture between Leonardo and Thales, through its subsidiary Telespazio Brasil, to provide a unique next generation connectivity network with the necessary security and performance to drive digital innovation and transformation. Rivada has now lined up over $US 20 billion of business globally for its unique LEO network.   

Telespazio Brasil S.A. the Brazilian subsidiary of Telespazio has operated in the country since 1997 and is headquartered in Rio de Janeiro. It is a leading provider of satellite communications, earth observation, and satellite ground systems services for both government and enterprise customers across Brazil, Argentina, Chile, Colombia, Costa Rica and Peru.

In Latin America, sovereign communications and critical infrastructure resilience are increasingly key requirements  to support military, government and high-end enterprise connectivity. Telespazio Brazil, is a long-established and trusted provider of tailored communications solutions for business applications, mission-critical operations and network expansion for governments, defense organizations, energy companies and telecom operators across Latin America.  And with the increasing demand to move large quantities of data securely and quickly around the world placing existing digital infrastructure under greater pressure than ever, organisations in banking, security, defense and telecommunications are looking for innovative and future-forward networking technologies that are secure, fast and reliable.

As the first unified global communications network, Rivada’s Outernet is transformative. A global low-latency point-to-point network of 600 low earth orbit (LEO) satellites, it is a unique next-generation constellation combining inter-satellite laser links with advanced onboard processing and routing to create a ubiquitous optical mesh network in space. This “orbital network,” in which data stays in space from origin to destination, creates an ultra-secure satellite network with pole-to-pole coverage, offering end-to-end latencies much lower than terrestrial fiber over long distances. And by routing traffic on a physically separated network in space, it provides a layer of defense for any organization that needs to share data securely between widely distributed sites.

Marzio Laurenti CEO of Telespazio Brasil said: “Rivada is building a uniquely capable LEO constellation with a new level of cybersecurity for the enterprise and government sectors.  By establishing a highly secure global communications infrastructure in space, the Outernet’s fast, seamless and secure connectivity will ramp up network performance and enable true digital transformation and new business opportunities through multi-gigabit bi-directional performance, combined with worldwide reach”.

Declan Ganley, CEO, Rivada Space Networks, said: “We are delighted to be working with Telespazio to enhance their ability to provide data security and data sovereignty. The space domain now plays a critical role in securing network infrastructure and addressing rising cybersecurity issues. With the Outernet’s unique architecture, satellites  become routers in the sky and space now provides secure, high-performance data transport instead of merely providing the last hop to the internet. The future is not just more satellites. It is true orbital networks that offer more than the “gap-filler” LEO systems which bridge the last mile between the satellite and the nearest terrestrial gateway. Our unique gateway-free architecture redefines connectivity in terms of security, latency, capacity, efficiency, and coverage. “

Telespazio will join Rivada’s Customer Advisory Board and conduct a series of technical workshops to structure the collaboration and exchange information on the Outernet’s capabilities.

About Rivada Space Networks
Rivada Space Networks GmbH is deploying the first true “Outernet”: a global, low-latency, point-to-point connectivity network of LEO satellites. By connecting its satellites with lasers, Rivada will provide resellers and B2B customers with the ability to securely connect any two points on the globe with low latency and high bandwidth. The constellation, comprising 600 low-earth-orbit communications satellites, will represent a fundamental change in the availability of secure, global, end-to-end enterprise-grade connectivity for Telecom, Enterprise, Maritime, Energy and Government Services markets. The Outernet is being built using Rivada’s German filings for high-priority Ka-band spectrum, called Outernet-1.  Rivada Space Networks is a wholly owned subsidiary of Rivada Networks, Inc. www.rivadaspace.com  

Follow Rivada Space Networks on: 
LinkedIn: https://www.linkedin.com/company/rivada-space/
Twitter: @rivadaspace  

Media Contacts
Melanie Dickie, Chief Marketing & Communication Officer
Rivada Space Networks GmbH
Tel: +31 6 14 22 97 62
Email: mdickie@rivadaspace.com 

Brian Carney, SVP Corporate Communications 
Rivada Networks, Inc
Tel: +1 (207) 256-0386
Email: bcarney@rivada.com  

About Telespazio

Telespazio, a Leonardo and Thales 67:33 joint venture, is one of the world’s leading operators in space services. Its activities range from the design and development of space systems to the management of launch services and in-orbit satellite control, from Earth observation, integrated communications, satellite navigation and localisation services to scientific programmes. The company plays a leading role in the reference markets, supported by its infrastructure and the technological experience acquired in 65 years of activity, which include participation in space programmes such as Galileo, EGNOS, Copernicus, COSMO-SkyMed and Moonlight. Telespazio, which is Thales Alenia Space’s partner in the “Space Alliance”, generated sales of €850 million in 2025 while employing 3,500 people in 16 different countries.

Media Contact
Beatriz Villanueva
Telespazio Brasil S.A.
Tel: +55 (21) 98861-1155 
Email: beatriz.villanueva@telespazio.com

 

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