PARIS, June 18, 2017 /PRNewswire/ — XTI Aircraft Company (XTI) announced today at the Paris Air Show that it entered into Aircraft Reservation Deposit Agreements for the sale of its first three production units of the TriFan 600 vertical takeoff airplane.

“We’re pleased to announce the first orders for the TriFan 600 under our pre-sales program,” said Robert LaBelle, XTI’s Chief Executive Officer. “From the outset, we’ve received strong interest from potential buyers who want to reserve their priority number for the TriFan. We expect these first orders to be followed by many more over the next few months and years.”

The customer, a globally recognized operator, has asked XTI not to release their name, for competitive reasons. “This customer is fully committed to the XTI TriFan 600, and intends to place it into service flying priority passengers and cargo in VIP and Utility missions in multiple challenging environments,” said LaBelle.

LaBelle continued, “The market is recognizing the value proposition of our unique and revolutionary airplane and its patented technology. Vertical takeoff combined with long-range, the speed and comfort of a business jet, and our quieter and cleaner state-of-the-art hybrid-electric propulsion system, as compared to tiltrotor technology. There’s absolutely nothing comparable to the TriFan.”

The TriFan 600 is a major breakthrough in aviation and air travel. The six-seat airplane will have the speed, range and comfort of a business jet and the ability to take off and land vertically, like a helicopter. It will travel at over 300 miles an hour, with a range of over 1,200 miles. Using three ducted fans, the TriFan lifts off vertically and then its two wing fans rotate forward for a seamless transition to cruise speed and its initial climb. It will reach 31,000 feet in just ten minutes and cruise to the destination as a highly efficient business aircraft.

ABOUT XTI AIRCRAFT COMPANYXTI Aircraft Company is a privately owned aviation business based near Denver, founded in 2012. 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.

For information and updates about XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com . To invest, go to www.startengine.com/startup/xti. For information on reserving a priority position for the TriFan, contact Robert LaBelle, CEO:

rlabelle@xtiaircraft.com (571) 216-1594

Media Contact for XTI Aircraft Company:Diane SimardSr. Vice President/Director/Media RelationsBye AerospaceDSimard@ByeAerospace.com Direct: (303) 817-7676

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/1638850/000164460016000093/offeringcircularxti-2.htm

YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.

THIS PRESS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

SOURCE XTI Aircraft Company