EX-99.1 2 ea020246701ex99-1_xtiaero.htm INVESTOR PRESENTATION

Exhibit 99.1

1 XTI Aerospace, Inc. The Future of Air Travel NASDAQ: XTIA

2 Disclaimer This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Ac t”) . Forward - looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical o r c urrent facts. You can find many (but not all) of these statements by looking for words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “pl ans,” “would,” “should,” “could,” “may,” or other similar expressions in this report. In particular, these include statements relating to future actions; prospective products, anticipated expenses, applications, cu stomers and technologies; future performance or results of anticipated products; and projected expenses and financial results. These forward - looking statements are subject to certain risks and uncertainties that could cause actual results to differ materi ally from our historical experience and our present expectations or projections. Factors that could cause actual results to differ from those discussed in the forward - looking state ments include, but are not limited to: the Company’s history of losses; our ability to achieve or maintain profitability in the future; our limited operating history with the recent busines s c ombination with XTI Aircraft Company (the "XTI Merger"); our ability to meet the development and commercialization schedule with respect to the TriFan 600; the risk that XTI has not yet manufact ure d any non - prototype aircraft or delivered any aircraft to a customer, and XTI and its current and future collaborators may be unable to successfully develop and market XTI’s aircraft or so lutions, or may experience significant delays in doing so; XTI is subject to the uncertainties associated with the regulatory approvals of its aircraft including the certification by the F ede ral Aviation Administration, which is a lengthy and costly process, our ability to obtain adequate financing in the future as needed; emerging competition and rapidly advancing technology that may outpace our technology; customer demand for the products and services we develop; the impact of competitive or alternative products, technologies and pricing; our ability to develop oth er new products and technologies; our ability to navigate the regulatory environment and complexities with compliance related to such environment; our ability to attract customers and/or ful fill customer orders; our ability to enhance and maintain the reputation of our brand and expand its customer base; our ability to scale in a cost - effective manner and maintain and expand ou r manufacturing and supply chain relationships; general economic conditions and events and the impact they may have on us and our potential customers, including, but not limited to inc reases in inflation rates and rates of interest, supply chain challenges, cybersecurity attacks, our ability to maintain compliance with the continued listing requirements of the Nasdaq C api tal Market; lawsuits and other claims by third parties or investigations by various regulatory agencies that we may be subjected to and are required to report; our ability to respond to a failure of our systems and technology to operate our business; our ability to protect our intellectual property; the outcome of any known and unknown litigation and regulatory proceedings; ou r success at managing the risks involved in the foregoing items; and other factors whether or not discussed in this presentation. The forward - looking statements are based upon management’s beliefs and assumptions and are made as of the date of this report. W e undertake no obligation to publicly update or revise any forward - looking statements included in this report. You should not place undue reliance on these forward - looking statements. This presentation also contains or may contain estimates, projections and other information concerning our industry and our b usi ness, including data regarding the estimated size of our markets and their projected growth rates. Information that is based on estimates, forecasts, projections or similar methodolo gie s is inherently subject to uncertainties and actual events or circumstances may differ materially from events and circumstances reflected in this information. Unless otherwise expressly stated, we obtained these industry, business, market and other data from reports, studies and simi lar data prepared by third parties, industry and general publications, government data and similar sources. In some cases, we do not expressly refer to the sources from which these d ata are derived.

3 3 » Closed transformational merger with Inpixon March 12, 2024 » Nasdaq listed: XTIA » Developing a new category Vertical Lift Crossover Airplane (VLCA) » Over 700 conditional pre - orders 1 totaling over $7 billion in gross revenues 2 » Limited competition » Patents obtained » TAM $ 125B by 2030 3 » Phased de - risked path to reducing emissions » Enterprise value of XTI Aircraft subsidiary ascertained by 3rd party to be within the range of $252 million and $343 million as of July 2023 4 » Inpixon’s RTLS business is now a division of XTI Aerospace » New board members and new m anagement team 1. Conditional pre - orders refers to a combination of conditional aircraft purchase agreements, non - binding reservation deposit a greements, options and letters of intent from potential purchasers. 2. Based on XTI's current list price of $10 million per aircraft and assuming XTI is able to execute on the development progr am for the TriFan 600, secure FAA certification, and deliver the aircraft. 3. TAM estimated as an aggregate of business jets market: $30.1B in 2022, source: https://www.marketsandmarkets.com/Market - Reports/ business - jet - market - 33698426.html; helicopters market: $30.6B in 2022, source: https://www.marketsandmarkets.com/Market - Reports/helicopters - market - 253467785.html; Emerging Urban Air Mobility (UAM) market: $5 0B by 2030, source: https://assets.verticalmag.com/wp - content/uploads/2021/05/Morgan - Stanley - URBAN_20210506_0000.pdf; Emerging Regional Air Mobility (RAM) market: $15B by 2030 (midpoint between low & high estimate), sourc e: https://www.mckinsey.com/industries/aerospace - and - defense/our - insights/short - haul - flying - redefined - the - promise - of - regional - air - mobility#. 4. The enterprise value of XTI was ascertained by an independent financial advisory firm after comparison with certain public co mpanies with similar business models to XTI in the air travel/VTOL segment of the aviation industry, with an average enterprise value of approximately $1.6 billion. XTI Aerospace Overview

4 Scott Pomeroy Chairman & CEO of XTI Aerospace, Inc . Mike Hinderberger CEO of XTI Aircraft Company Soumya Das CEO of RTLS Business Unit New Leadership Brooke Turk CFO of XTI Aerospace, Inc. Saleem Zaheer Chief Commercial Officer of XTI Aerospace, Inc .

5 https://vimeo.com/674028999

6 The “Missing Link” in Air Travel Our “crossover” airplane will elegantly blend what we believe is the best of a business aircraft and a helicopter into one highly versatile airplane Saves Time Twice the speed of most conventional helicopters Will Use Existing Infrastructure No waiting for new regulations or construction Range 700 miles in pressurized comfort TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis. Subject to change and FAA certification.

7 VTOL Range 600 NM / 700 mi / 1100 km Designed Cruise Speed 300 kts / 345 mph / 555 kph Designed Cruise Altitude 25,000 ft Certified IFR Designed to fly into clouds & known icing Designed to Operate from • Helipads • Firm ground • Airports XTI TriFan 600 VLCA Performance 1 NO NEW INFRASTRUCTURE REQUIRED 1 TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis. Subject to change and FAA certification VTOL Range 700 mi VTOL Range 700 mi Helena Las Vegas Vertiport Chicago Los Angeles Kansas City SFO Ok City Boise Sacramento Salt Lake City Pittsburgh Portland Bangor Atlanta Jacksonville Casper Bismarck Tampa DC Louisville Denver Boston Detroit Omaha Phoenix Albuquerque Dallas Houston Vancouver New York Toronto Memphis Minneapolis New Orleans Seattle Miami Charlotte

8 XTI TriFan 600 VLCA: Versatile Will serve existing and emerging markets TriFan 600 anticipated will serve diverse markets Minimal competition from a few companies with minimal public information available eVTOL aircraft will serve a limited market Competition between hundreds of new companies Existing business aircraft market $30B 1 Emerging Regional Air Mobility (RAM) market $ 15B 2 Emerging Urban Air Mobility (UAM) market $ 50B 3 Existing helicopter market $ 30B 4 1 Business jets market: $30.1B in 2022, source: https://www.marketsandmarkets.com/Market - Reports/business - jet - market - 33698426.htm l 2 Emerging Regional Air Mobility (RAM) market: $15B by 2030 (midpoint between low & high estimate), source: https://www.mckinsey.com/industries/aerospace - and - defense/our - insights/short - haul - flying - redefined - the - promise - of - regional - air - m obility# 3 Emerging Urban Air Mobility (UAM) market: $50B by 2030, source: https://assets.verticalmag.com/wp - content/uploads/2021/05/Morga n - Stanley - URBAN_20210506_0000.pdf 4 Helicopters market: $30.6B in 2022, source: https://www.marketsandmarkets.com/Market - Reports/helicopters - market - 253467785.html

9 VLCA Performance Advantages Business Airplane Helicopter eVTOL TRIFAN 600 Range (700+ mi) Speed (300+ mph) Can land on a helipad or job sites, remote locations, clear driveways etc. Proven propulsion system Larger Payload Fully Operable with existing infrastructure No new airspace regulations required Certified IFR (flight into clouds & adverse weather improves reliability) Pressurized cabin for passenger comfort Versatile – targets varied markets Some TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis of vendor and market data . Subject to change and FAA certification

10 Technology Overcomes Previous Limitations 2. Vertical Lift Capability Rear fan provides stability and power during VTOL and stows in flight 6. Excellent Visibility Optimized windows augmented with cameras improve pilot’s situational awareness 1. Aerodynamic Advantage Optimized ducted fans and propellers provide efficient aerodynamics in hover and cruise flight 3. Fuel - Efficient Engines Two proven powerful turboshaft engines accelerate certification timeline, with a path to zero emissions 4. 'Fly By Wire’ Duct Controls Reduces pilot workload and enhances stability 5. Pressurized Comfort Pressurized fuselage enhances passenger experience TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis. Subject to change and FAA certification.

11 TriFan 600 Expected Monetary Savings* Ops Cost for 200 - mile trip x 6 times/day over 5 years. Aircraft price/ops costs: B&CA Ops & Purchase Planning Handbook 2023. Rotorcraft purchase price: https://air.one/ , ops costs: Conklin & deDecker * TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis. Subject to change and FAA certification. $9.9 $6.5 $8.1 $8.2 $25.0 $7.8 $7.0 $11.0 $12.2 $6.0 $15.3 $14.9 $17.8 $18.2 $ - $6.9 $4.8 $7.1 $7.6 XTI TRIFAN 600* AIRBUS EC135 BELL 429 WLG AW109 GRAND NEW AGUSTA WESTLAND 609 BEECHCRAFT KING AIR 260 HONDAJET ELITE II EMBRAER PHENOM 300E PILATUS PC 24 FIVE YEAR COST OF OWNERSHIP Equipped Price($m) in 2023 DOC for 6 legs/day x 340 days x 5 years ($MM) Tiltrotor Turboprop Business Jet Helicopter Helicopter Ducted Fan All need a runway Can operate from helipads Business Jet Business Jet Helicopter

12 TriFan Expected Time, Cost and Emissions Reductions* • Manhattan to Boston or DC Example Mission: 200 - mile trip • London to Paris • Houston to Dallas • Tokyo to Osaka XTI TriFan 600 DOC: $733/hr 3 Cruise: 300 knots 3 Bell 429 DOC: $ 98 1/hr 1 Cruise: 155 knots 2 At 2X the speed, TriFan 600 completes the mission with… half the mission costs ( - 40 to 60%) half the time (50 min vs. 90 min) half the emissions ( - 40 to 60%) 2X revenue potential ( + 100%) Lower Direct Operating Cost Twice the speed of conventional helicopters DOC: Direct Operating Cost = Fuel + Maintenance/hour (Jet A cost assumed: $5/USG) AW 109 DOC: $1338/hr 1 Cruise: 153 knots 2 1 Conklin & deDecker /Renaissance Strategic Advisors 2 Leonardo/Bell websites 3 TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis of vendor and market data. Subject to change and FAA certification

13 Our Commitment to Sustainability Turboshaft Engines Adopting a measured - risk , phased approach tied to: • Technology maturation of hydrogen/ b atteries • Formulation of regulatory g uidance • Infrastructure development Accelerate certification & entry into service Compatible with 100% sustainable aviation fuel (SAF) CO2 emissions reduced by up to 80% 1 depending on the SAF blend Hybrid Power Hydrogen fuel cell or batteries plus a turboshaft engine CO2 emissions reduced 90% Zero Emissions Propulsion All Electric Zero emissions 1 https://www.iata.org/en/programs/environment/sustainable - aviation - fuels TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis. Subject to change and FAA certification

14 XTI 65% - Scale Proof - of - Concept Vehicle Development & hover tests 2017 - 2020

15 Director Program Management at XTI Sr Project Engineer at Aerion Supersonic Sr Program Manager at NORDAM Sr Engineer at Northrop Grumman Program and Tech Director at Aerion Supersonic Chief Engineer, Gulfstream G650 VP Engineering, Piper Aircraft Led By Aviation Veterans 250 years of collective aerospace experience. Over 40 aircraft certified Mike Hinderberger XTI CEO Scott Pomeroy Board Director XTIA CEO Saleem Zaheer CCO of XTIA Dave Ambrose VP Engineering Keith Davis VP Programs Oversaw strategy, business development at XTI Aircraft VP Flight Operations & Special Projects IndiGo Airlines United Airlines Captain Director Air Vehicle Integration XTI Vehicle Integration Lead, Aerion Supersonic Lockheed Skunk Works F35 Joint Strike Fighter Propulsion Engineer, Cessna Board Member AVX Aircraft Company Co - founder Gen3 – Boutique Merchant Bank. $50M raised CFO, Dex Media Managed $10B raises Charlie Johnson Chief Operating Advisor President of Cessna Member, Living Legends of Aviation Kansas & Colorado Aviation Halls of Fame U.S. Air Force fighter pilot

16 Effect Date Company Event 34% Stock Price increase 08/11/21 Debut as Public Company 24% Stock Price and $810M Market Cap appreciation 03/18/22 Completion and Approval of first Compliance Review by FAA 64% Stock Price Rise and $2.6B Market Cap appreciation 06/28/23 FAA Test Flight Approval and beginning of commercialization 38% Stock Price appreciation and $218M increase in Market Cap 05/11/23 Final Assembly of the first aircraft 43% Stock Price increase $490M increase in Market Cap 07/31/23 $142M in USAF Electric Aircraft Delivery Contracts 68% Stock Price appreciation and $1.3B Market Cap Increase 09/08/22 United Airlines enters into a conditional purchase agreement for 200 aircraft with option to increase the order by another 200 aircraft 40% Stock Price increase and $820M Market Cap increase 06/06/23 Debut at air show, adds additional 150+ aircraft to pipeline, and makes commitments to expand in Bay Area alongside United Potential Public Market Upside Sources: Company press releases, CapIQ , and FactSet Prices are calculated on a day prior to announcement and ending 2/3 days post announcement to capture market price appreciati on fully. Market Capitalization is not diluted, it was a CapIQ formula with shares outstanding on that day

17 Industry 4.0 Smart Factories, Warehouses, Mining Operations, and Digital Supply Chains Our full - stack industrial RTLS enables customers to Locate, Learn and Leverage information allowing for automation, increased operational efficiency, and enhanced safety Real - Time Location System (RTLS) Business Unit Inpixon: Deloitte 2023 Technology Fast 500 Winner Complete line - up of location technologies and form factors to meet the needs of any facility - type and use case. Technology - agnostic, open platform integrates the complete technology stack and communicates with 3 rd - party systems. LOCATE LEARN LEVERAGE Ultra - Wideband QR Codes Chirp (CSS) Wirepas RFID NFC GPS L i DAR BLE Wi - Fi REST API MQTT SAP/ERP WMS/MES Single solution addresses a multitude of use cases. Actionable intelligence enables automation and data - driven decision making. Tags Anchors Chips Modules E - Ink Smart Factory Smart Warehouse Smart Mine Smart Facility Digital Supply Chain Real - Time Tracking Process Automation Scannerless AutoID Worker Safety Predictive Analytics Ranking of the fastest - growing North American companies in the technology, media, telecommunications, life sciences, fintech, an d energy tech sectors; https://www2.deloitte.com/us/en/pages/technology - media - and - telecommunications/articles/fast500 - winners.html

18 Key Highlights Enterprise value of XTI ascertained by 3rd party to be within the range of $252 million and $343 million 5 Traction established: 700+ conditional pre - orders 2 , representing possible gross revenues of ~$7.1 billion 3 Superior projected range, speed, cost of ownership. Designed for current infrastructure and regulatory environment 4 $ 125 billion total addressable market by 2030 1 1 TAM estimated as an aggregate of business jets market: $30.1B in 2022, source: https://www.marketsandmarkets.com/Market - Reports /business - jet - market - 33698426.html; helicopters market: $30.6B in 2022, source: https://www.marketsandmarkets.com/Market - Reports/helicopters - market - 253467785.html; Emerging Urban Air M obility (UAM) market: $50B by 2030, source: https://assets.verticalmag.com/wp - content/uploads/2021/05/Morgan - Stanley - URBAN_20210506_0000.pdf; Emerging Regional Air Mobility (RAM) market: $15B by 2030 (midpoint between low & high estimate), source: https://www.mckinsey.com/industries/aerospace - and - defense/our - insights/short - haul - flying - redefined - the - p romise - of - regional - air - mobility#. 2 A combination of conditional aircraft purchase agreements, non - binding reservation deposit agreements, and options. 3 Based on current list price of $10 million per aircraft assuming the company is able to execute on the development program for the TriFan, secure FAA certification, and deliver these aircraft. 4 TriFan 600 aircraft under development. Estimated performance based on XTI Aircraft analysis. Subject to change and FAA certif ic ation 5 The enterprise value of XTI was ascertained by an independent financial advisory firm after comparison with certain public co mp anies with similar business models to XTI in the air travel/VTOL segment of the aviation industry, with an average enterprise value of approximately $1.6 billion. Estimates and Projections XTIA is guided by a leadership team with decades of business experience, deep aviation industry expertise, and a proven track record successfully bringing new aircraft to market, including participation on teams that played a role in taking over 40 aircraft through FAA certification 18

19 Thank you! Investor Relations Crescendo Communications, LLC Tel: 212 - 671 - 1020 Email: XTIA@crescendo - ir.com NASDAQ: XTIA Corporate website: XTIAerospace.com IR Website: ir.XTIAerospace.com