Spotlight Growth
No Result
View All Result
Saturday, August 13, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Technology

Xeriant, Inc. (OTC Pink: XERI) Rallies 35% After Entering Into Joint Venture With XTI Aircraft

by admin
June 9, 2021
in Technology
0
Xeriant OTC Pink XERI VTOL Spotlight Growth

Xeriant OTC Pink XERI VTOL Spotlight Growth

Xeriant, Inc. (OTC Pink: XERI) is a emerging aerospace technology and advanced materials holding company, which is focused on the Advanced Air Mobility (AAM) industry. Shares of the advanced aerospace company climbed 35% during trading on Wednesday, June 9, 2021. Over the past thirty days, Xeriant has seen average daily volume of 304,413 shares. However, volume of 5.12 million shares or dollar volume of $1.79 million, exchanged hands during Wednesday’s trading.

Shares of Xeriant rallied Wednesday after the company announced that it has entered into a joint venture agreement with XTI Aircraft Company (XTI), an aerospace company developing a next-gen, clean VTOL aircraft. XTI’s flagship product, TriFan 600, is a hybrid-electric fixed-wing aircraft that can conduct vertical takeoff and landing (VTOL) maneuverers. XTI’s TriFan 600 is also the fastest and longest-range commercial VTOL in the world. Xeriant management says additional information on the JV will be provided during a press conference scheduled for June 14th at the Wings Over the Rockies Air and Space Museum in Denver, Colorado.

Xeriant, Inc. Press Release:

BOCA RATON, Fla., June 09, 2021 (GLOBE NEWSWIRE) — Xeriant, Inc. (OTC PINK: XERI), (“Xeriant” or “the Company”), a new aerospace technology and advanced materials holding company, announced today that it has signed a definitive joint venture agreement with XTI Aircraft Company (“XTI”), a privately held cleantech aviation company based in Englewood, Colorado. The agreement will focus on the development of XTI’s revolutionary hybrid-electric fixed-wing TriFan 600, the fastest and longest-range vertical takeoff and landing aircraft (VTOL) in the world. Further details of the collaboration between Xeriant and XTI will be revealed at the upcoming June 14th press conference at the Wings Over the Rockies Air and Space Museum in Denver, Colorado.

“The TriFan 600 will transform the light commercial aircraft market, providing eco-friendly, on-demand air travel without compromising safety and performance,” stated Keith Duffy, CEO of Xeriant. “In my view, no other VTOL aircraft comes close. It is an honor to be associated with XTI’s world-class management team which has developed and certified over 30 new aircraft over their careers.”

“We are pleased with the significant progress our company has made over the past two years, improving the TriFan 600’s design while strengthening our team and raising capital. The joint venture with Xeriant is an important step in accelerating development as we look toward building a full-scale prototype and formulating our test and certification plans. Our presales for the TriFan 600 now top $1.3 billion, which is a testament to the remarkable demand for our aircraft’s unique design and capabilities,” commented Robert LaBelle, CEO of XTI Aircraft.

For updates on the live press conference, be sure to sign up for our newsletter at https://www.xeriant.com/newsletter or follow us on Twitter (https://twitter.com/xeriant). The Company will issue a news release with a link to the live press conference before the market opens on Monday, June 14, 2021. Institutional investors and press may call Xeriant’s investor relations department at (818) 923-5302 to receive a press packet and investor slide deck.

About Xeriant

Xeriant, Inc. (d.b.a. Xeriant Aerospace) is a holding and operating company taking an active role in Advanced Air Mobility (“AAM”), the technological revolution enabling the aerospace industry’s transition to more efficient, sustainable, and autonomous flight operations. AAM promises to expand accessibility and applications for aerial services across the economy through the development and safe integration of new aircraft with vertical flight capability (VTOL), which facilitate the point-to-point transport of passengers and cargo. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport. The Company is an OTC Markets public company trading under the stock symbol, XERI.

For more information, please go to www.xeriant.com.

About XTI Aircraft Company

Based in Englewood, Colorado, XTI Aircraft Company is a privately owned OEM and developer of next-generation, cleantech VTOL aircraft, including the TriFan 600. XTI is guided by a leadership team with decades of experience, expertise, and success bringing new aircraft to market.   XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers.

For more information, please go to www.xtiaircraft.com.

SAFE HARBOR FORWARD-LOOKING STATEMENTS

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Tags: common stockemerging growthinvestinginvestmentmicrocap stocksnewsotc marketsotc stockspenny stockspenny stocks to watchpublic companysalesservicessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stocksstock marketstockstechTechnologytechnology stockstradingTriFan 600VTOLVTOL stocksXERIXERI stockXeriantXeriant stockXTI Aircraft
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Twin Vee PowerCats NASDAQ VEEE Q2 2022 Financial Results Spotlight Growth

Twin Vee PowerCats (NASDAQ: VEEE) Releases Q2 2022 Results Showing 158% Increase in Revenue, Completes Spin-Off of Forza X1 (NASDAQ: FRZA)

August 12, 2022
Is Uber Technologies NYSE UBER Finally Investible Spotlight Growth

Is Uber (NYSE: UBER) Finally Investable?

August 11, 2022
Vacasa NASDAQ VCSA Q2 2022 Financial Results Spotlight Growth

Vacasa (NASDAQ: VCSA) Releases Second Quarter 2022 Financial Results Showing 31% Revenue Growth, Raises Full-Year 2022 Guidance After Strong Results

August 11, 2022
Allied Corp OTCQB ALID Shipment of Colombia Cannabis to Switzerland Spotlight Growth

Allied Corp (OTCQB: ALID) Successfully Ships 1728kgs of Colombian-Grown Commercial Cannabis Flower to Switzerland

August 11, 2022

Recent News

Twin Vee PowerCats NASDAQ VEEE Q2 2022 Financial Results Spotlight Growth

Twin Vee PowerCats (NASDAQ: VEEE) Releases Q2 2022 Results Showing 158% Increase in Revenue, Completes Spin-Off of Forza X1 (NASDAQ: FRZA)

August 12, 2022
Is Uber Technologies NYSE UBER Finally Investible Spotlight Growth

Is Uber (NYSE: UBER) Finally Investable?

August 11, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested