ENGLEWOOD, Colo., Feb. 4, 2025
/PRNewswire/ -- XTI Aerospace, Inc. ("XTI") (Nasdaq:
XTIA), a pioneer in advanced aircraft design, today announced
that Stephanie Chung, former Chief
Growth Officer at Wheels Up, a leading provider of on-demand
private aviation, has joined the XTI Aerospace Corporate Advisory
Board.
Ms. Chung brings over 35 years of distinguished experience
spanning aviation, aerospace, and luxury services, with a
proven track record in senior leadership roles at
industry-leading organizations such as Wheels Up, JetSuite,
and Bombardier Inc. As Chief Growth Officer at Wheels Up,
President of JetSuite, and Vice President at Bombardier, Ms. Chung
played an important role in driving market expansion,
streamlining operations, and elevating the customer experience. She
has also successfully led business transformations, including
repositioning brands and implementing operational efficiencies that
delivered measurable results. In addition to her professional
achievements, Ms. Chung serves on boards and advisory councils
for respected organizations such as the Make-A-Wish
Foundation, and the National Business Aviation Association
(NBAA).
Ms. Chung's contributions have earned her multiple recognitions
including AdWeek's "Women Trailblazers," Robb Report's "23 Black
Visionaries Who Are Changing The Luxury World," Savoy Magazine's
"America's Most Influential Black Executives," and D CEO Magazine's
"Top 500," among others.
"We are thrilled to welcome Stephanie to our Corporate Advisory
Board," said Scott Pomeroy, Chairman
and CEO of XTI Aerospace. "Her extensive experience in aviation and
her proven track record of driving growth and operational success
will be invaluable as we continue to innovate and shape the future
of aviation. We look forward to her guidance and insights as we
continue on our journey of bringing the TriFan 600 to market."
"I'm excited to join XTI Aerospace's Corporate Advisory Board
and contribute to its mission of advancing the future of aviation,"
said Ms. Chung. "The innovation happening at XTI is truly
inspiring, and I look forward to working alongside such a talented
team to help expand the company's footprint and continue its growth
trajectory."
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
HangerXStudios.com (an 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
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SOURCE XTI Aerospace, Inc.
