DENVER, Jan. 21, 2016 /PRNewswire/ -- XTI Aircraft Company (XTI) today launched a formal stock offering and is accepting investments to support development of the revolutionary new TriFan 600 aircraft. This 30-day opportunity to invest is not only open to those who have expressed interest in investing in the company, but to all investors around the globe. Shares in XTI may be purchased at www.startengine.com/startup/xti.
The announcement immediately followed today's qualification of XTI's offering statement from the U.S. Securities and Exchange Commission (SEC) under Regulation A+. XTI's crowdfunding campaign is one of the first ever to move from testing the waters to a live offering. XTI is offering a unique opportunity for the general public to invest in an exciting aerospace company with a game-changing product, a world-class leadership team, and significant growth potential.
"This is a limited-time opportunity to join all of us on the XTI leadership team as shareholders," said XTI's Executive Vice Chairman Jeff Pino. "We're on track to make this aircraft a reality. We understand the risks, but we also know that the potential return is very strong. We couldn't be more excited."
Since last August, more than 2,000 potential investors expressed over $20 million in interest to develop the six-seat fixed-wing airplane that combines the speed, range and comfort of a business jet with the ability to take off and land like a helicopter.
"The TriFan 600 has captured the imagination of large and small investors," said XTI founder and Chairman David Brody. "They're impressed by the aircraft's potential to revolutionize air travel and by the company's leadership team."
The TriFan 600 would become the first commercial high-speed, long-range vertical takeoff and landing (VTOL) airplane to provide true door-to-door travel. Conceptual engineering of the aircraft has been completed and has been validated by an independent team of technical experts. Plans call for completion of a flying concept demonstrator prototype in three years.
In December, the TriFan 600 earned the prestigious "Best of What's New" award from Popular Science, which recognized the aircraft as one of 2015's greatest innovations and a revolution in its field. Also in 2015, the U.S. Patent and Trade Office issued XTI its first patent, as an entirely new airplane design and configuration.
XTI Aircraft Company is a privately owned aviation business based in Denver. XTI is guided by a leadership team with decades of experience, a deep well of 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.
BDN Aerospace Marketing
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. YOU MAY OBTAIN A COPY OF THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT FROM: https://www.sec.gov/Archives/edgar/data/1638850/000164460016000081/offeringcircularxti.htm
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SOURCE XTI Aircraft Company