October 12 2021
Xeriant announced the signing of a joint venture agreement with 26-year-old Slovakian chemical company, Movychem s.r.o. (“Movychem”). The definitive agreement establishes a U.S.-based partnership between Xeriant and Movychem, structured as a 50/50 joint venture, which has acquired the exclusive worldwide rights to the internationally patented, eco-friendly Retacell® fire retardant technology and is responsible for developing applications and commercializing products derived from Retacell®.
The number of potential applications for Retacell is almost unlimited, impacting a broad range of industries from transportation and construction to electronics and home furnishings, valued at over $5 Trillion. In the aerospace industry, Retacell is anticipated to have far reaching implications for improving safety and reducing maintenance in aircraft, with potential uses in airframe structures, cabin interiors, wiring insulation and engine components. Retacell’s exceptional fire protection properties have generated interest from key players in the construction industry and building materials retailers in the U.S., who are looking for more cost-effective and sustainable fire protection solutions. The global green construction materials market, estimated at $318 Billion in 2021, is projected to reach $575 Billion by 2027, based on a report by Emergen Research.
Xeriant, Inc. (XERI) set its sights on the emerging, sustainable aviation industry, known as “Advanced Air Mobility,” or “AAM,” which includes disruptive technologies that are facilitating the transition to eco-friendly on demand flight. These innovations provide the electrification of aerial transport and development of specialized vertical takeoff and landing (VTOL) capable aircraft. AAM’s transition to cleaner, quieter, more efficient aircraft with reduced logistical footprints and greater autonomy is creating new applications and markets and expanding aviation’s future role in society for consumers and businesses.
If this concept sounds foreign to you, it’s because these highly capable hybrid-electric and electrically powered aircraft are finally becoming a reality through advancements in structural design, propulsion systems, materials, sensors, artificial intelligence (AI), batteries and high-speed connectivity.
Short for “eXperimental Electric vaRIANT”, Xeriant plans to accelerate the development of point-to-point on-demand and scheduled short-haul and regional flights from connecting congested urban environments. One of Xeriant’s initiatives is to take a major role in the development and commercialization of revolutionary, eco-friendly aircraft.
When Xeriant set out on a path to solve some of the issues facing the proliferation of Advanced Air Mobility, it focused on specialty aircraft, advanced materials for safety, batteries, propulsion systems, and infrastructure, to name a few. However, researching technological breakthroughs for aerospace applications in flame-retardants has led the Company to near-term revenue opportunities in construction, manufacturing, and textiles. While Xeriant is also focused on emerging aerospace technologies, it is ready to capitalize on any transaction that adds shareholder value.
* Please be advised that Xeriant has conducted a series of advanced discussions with the aforementioned companies and/or technologies (the "Third Parties") to execute joint ventures, acquisitions, distribution agreements, and/or strategic relationships, which the Company’s management expects to complete. However, until the terms of the definitive agreements are finalized and the transactions have closed, and announced in a Company-issued press release or SEC filing, there is no guarantee that the negotiations will yield the intended results with the listed Third Parties.
Billions of dollars are flowing into this space, and companies and investors that want exposure to it are chasing that trend. However, Duffy had the foresight to plot Xeriant’s course, well ahead of the curve, to cost effectively and methodically position the Company to capitalize on the recent influx of interest. In other words, the market is, in essence, chasing Xeriant.
The company is led by Keith Duffy, Xeriant's CEO, who founded two bank holding companies, as well as a biotech company that became a NASDAQ listed company. Xeriant’s Advisory Board is a literal who’s who of top aerospace talent from companies like Boeing, Lockheed Martin, NASA, and the US Air Force.
Xeriant's aggressive blueprint includes plans to acquire and develop multiple strategic technologies to become a leader in the future of green aerospace.
Ranging from revolutionary aircraft design to advanced materials, Xeriant is positioned for rapid growth through the strategic development of disruptive technology at various stages of maturity, ranging from revolutionary aircraft design to advanced materials. The Company is focused on emerging advanced air mobility opportunities, including sustainable on-demand aerial transport of passengers and cargo, short-haul intercity flights, and drones.
Xeriant intends to develop and acquire strategic technologies and next-generation aircraft configurations, to accelerate the deployment of economically viable eco-friendly air travel and transport, by leveraging its expertise and growing international network of industry partnerships.
With the world focused on reducing carbon emissions and noise pollution from air transport, while increasing safety and convenience, institutional investors from across the globe are pouring billions into the green aerospace revolution. They cannot afford to miss being a part of the impending seismic shift in the way people and cargo will move in the future. It’s clear they see green aerospace as one of the greatest investment opportunities in modern times.
The green rush is evolving so that eco-friendly technologies are becoming easier to implement. Battery and electric vehicle progress is accelerating, making air taxis the natural nextstep in the evolutionary chain.
We are in a tech revolution and the developers see these vehicles as travel and tech hubs; like giant iPhones that take us from point A to point B. These transport hubs are only possible with today’s advanced AI, software and sensory optics, which optimize fuel efficiency, safety and autonomy. The driver’s seat is fast becoming just another passenger seat.
Our cities are becoming increasingly congested and impacted by harmful fuel emissions, and the dreaded public transportation system provides little relief. This may all change with the development of electric and autonomous vehicles, which will use 5G communications, as well as mapping and logistics technologies to identify the safest, quickest, and most efficient routes to our destinations.
The use of air taxis and drones will open up our underutilized airspace, creating new opportunities and revenue streams, much like the expansion of the railways that won the west in the1800s. Aerial routes will be plotted for these new vehicles to safely and conveniently move passengers and cargo to their desire destinations.
Air taxis and drones making deliveries in cities will help to cut down on traffic by keeping fewer trucks and delivery vehicles on the congested roads, which will have the added benefits of reducing emissions and saving billions of dollars in lost productivity costs.
The Association for Unmanned Vehicle Systems International (AUVSI) reported that air domain only projects account for over $5 billion in FY20, or 61% of the overall Department of Defense (DOD) funding request for unmanned systems. DOD is looking specifically at UAVs that can improve the situational awareness of small units and perform complex missions in urban locales.
The futuristic idea of on-demand air taxis or “flying cars,” depicted in science fiction, is fast becoming a reality due to technological advancements in VTOL aircraft design, power systems, AI, communications and fly-by-wire automation.
Electric aircraft are being considered for regional routes, flights generally less than 500 miles between smaller regional airports, which account for nearly half of all global flights. These intercity flights will soon be within the range of most proposed electrically powered aircraft.
The federal government maintains about 3,000 general aviation airports that have no scheduled passenger flights, which can be developed for point-to-point electrically powered aircraft service.
Among the advantages of electric aircraft are clean emissions, better acoustics, less complex flight controls, autonomous capability, increased safety on the ground, superior maneuverability and reduced expenses related to operations, maintenance and repair.
Stakeholders shaping the integration of electric aircraft, and advanced air mobility (AAM) vehicles in general, include aircraft manufacturers, ride sharing companies, governmental regulatory agencies and civil transportation authorities, all of whom are working toward establishing standards and overcoming the multitude of issues involved with AAM implementation.
The UN’s International CivilAviation Organization (ICAO) projects that aviation emissions may triple, by 2050, if sustainability measures are not adopted. The aviation industry, including the FAA and Airlines for America in the U.S. and the Advisory Council for Aeronautics Research in Europe, set a goal of stabilizing emissions over the next 30 years, which includes a 75% reduction in CO2, a 90% reduction in NOX and a 65% reduction in perceived noise. According to Proponent, a leading aerospace distribution company, the aerospace industry spends about $15 billion each year on sustainability and efficiency related research and development.
UAM, or urban air mobility, is an emerging segment of the aviation industry that generally refers to point-to-point passenger and cargo flights in congested urban areas using advanced electrically powered aircraft capable of vertical takeoff and landing (eVTOL). UAM aircraft design requirements include minimizing the environmental impact through low noise levels, clean emissions, and a reduced logistical footprint.
While UAVs were originally designed to reduce casualties and replace more expensive air support systems in the military, they have also become a more cost effective and safer option in a variety of business applications.
The FAA has approved several drone delivery operations, including Alphabet's (GOOGL) Google Wing and more recently Amazo's Prime Air, and CNBC reported that Amazon will move forward with a trial to deliver goods "beyond the visual line of sight of the operator."
While the hobbyists are typically into joyriding, photography and racing, the professionals are using drones in wildfire monitoring, construction, insurance, communications, delivery, film making, agriculture, conservation, search and rescue, energy infrastructure, mapping, traffic control, precision farming, environmental projects and even archaeology.
UAVs have proven to be vital to the military due to their multiple advantages, the most obvious of which is reducing casualties in high-risk battlefield environments. Their military role continues to expand beyond ISR operations, to munitions delivery, electronic attack, bomb detection, communications, combat search and rescue and logistics.
And the current health crisis seems to be expediting the significant growth outlook. According to the Drones in the Global Power and Utilities Industry, Forecast to 2030 report, “Drones or unmanned aerial vehicles (UAVs) are currently finding application opportunities across various commercial businesses and are poised to impact multiple industry verticals in various capacities. Drone applications are emerging in various sectors such as agriculture, mining, oil and gas (O&G), construction, utilities and safety & security.”
Xeriant’s management has been identifying and sourcing new environmentally friendly technologies that it believes will have significant impact in the aerospace industry. Retacell®, an advanced eco-friendly fire retardant, is one prime example. In addition to the massive potential impact for the aerospace industry, management has identified cross-industry applications for technologies to generate significant near-term revenue, worldwide.
Xeriant (XERI) is committed to pioneering breakthroughs in "third wave of aeronautics" and invites you to follow our developments. You’ll receive updates on our disruptive technologies that target the sustainable aviation industry and other transformational applications.
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