ENGLEWOOD,
Colo., Jan. 21, 2025 /PRNewswire/ -- XTI
Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in advanced
aircraft design, announces its access to computing resources
on the Frontier supercomputer at Oak Ridge National
Laboratory's (ORNL) Leadership Computing Facility. Frontier, the
world's first exascale supercomputer and currently ranked as the
second most powerful commercially available computing system in the
world, will provide XTI with unmatched computational
capabilities to accelerate development of the TriFan 600
aircraft, the Company's vertical takeoff and landing (VTOL)
aircraft that combines the operational flexibility of helicopters
with the speed and range of fixed-wing airplanes.
Frontier, managed by the Department of Energy's
Oak Ridge National Laboratory, is capable of executing over a
quintillion calculations per second. XTI's access to this
transformative technology underscores the significance of the
TriFan 600 project and its potential to contribute to the
evolution of sustainable, next-generation aviation
technologies.
Specifically, Frontier's advanced computational
power will allow XTI to perform highly detailed computational fluid
dynamics (CFD) simulations with precision. These simulations will
optimize the aerodynamic performance of the TriFan 600, further
refining its design to meet rigorous engineering and performance
standards. Leveraging Frontier's capabilities, XTI will focus on
refining critical design features, such as the fan duct and the
transition between vertical and horizontal flight modes, ensuring
the aircraft delivers peak performance and efficiency.
"Gaining access to Frontier marks a significant
leap forward in our mission to revolutionize air mobility," said
David Ambrose, Vice President of
Engineering. "The ability to perform high-fidelity CFD simulations
at this scale will drastically enhance our design optimization
process. It brings us closer to realizing the full potential of the
TriFan 600, and we are deeply grateful to Oak Ridge National
Laboratory for this invaluable opportunity."
About XTI Aerospace, Inc.
XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA)
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
and HangerXStudios.com (aviation innovation podcast), and follow
the company on LinkedIn, Instagram, 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, 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 Aerospace
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/xti-aerospace-secures-access-to-one-of-the-worlds-fastest-supercomputers-to-accelerate-development-of-the-trifan-600-302355851.html
SOURCE XTI Aerospace, Inc.
