June 15 2021
A string of mergers and acquisitions have defined the electric vertical takeoff and landing sector (eVTOL) over the last six months. In December, Joby acquired Uber Elevate, and then itself merged with Reinvent Technology Partners, giving it a combined value of $6.6 billion. California-based Archer also recently announced a merger with Atlas Crest Investment Corp. for a $3.8 billion valuation.
Yesterday, two other startups, XTI Aircraft and Xeriant Aerospace held a joint online press conference, announcing that they were merging to move forward on XTI’s TriFan 600, a $5.5 million aircraft that can carry up to seven passengers. The company says a full-scale version should be certified by 2024.
Xeriant, Inc. (XERI) set its sights on the emerging, sustainable aviation industry, including disruptive technologies that are facilitating the electrification of aerial transport and development of specialized vertical takeoff and landing (VTOL) capable aircraft, and more. Known as the “third wave of aeronautics,” the transition to cleaner, quieter, more efficient aircraft with reduced logistical footprints and greater autonomy is creating new applications and markets, expanding aviation’s future role in society for consumers and businesses.
If this sounds foreign to you, it's because these highly capable electrically powered aircraft are finally becoming possible 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 flights in congested urban environments, or urban air mobility (UAM), by acquiring, developing, and commercializing revolutionary, eco-friendly aircraft concepts.
When some people talk about NASA, it's natural for them to think about rockets and space shuttles, but NASA is much more than merely spacecraft. Tang, Teflon, Velcro, Memory Foam, your smart phone’s Precision GPS and Digital Image Sensors, and medical breakthroughs, including the Cardiac Pump are just a few of the commercial successes that emerged from NASA technology. Xeriant is also focused on emerging, aerospace technologies, and it believes many successes will be derived from their current and future portfolios as eVTOL "lifts off".
* 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.
In addition, New Vista Acquisition, Zanite Acquisition and Genesis Park Acquisition will all likely invest in the mobility space. eVTOL.COM reports that close to $2 billion in committed SPAC funds are looking for electric vertical take-off and landing (eVTOL) and urban air mobility (UAM) deals and that amount could be multiplied by additional private investment in public equity (PIPE) funding.
Since billions of dollars are flowing into this space, companies and investors that want exposure to it are now chasing that trend. However, Xeriant's CEO Keith 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 lead by Keith Duffy, Xeriant's CEO, who founded two bank holding companies, as well as a biotech company that trades on NASDAQ. Xeriant’s Advisory Board is a literal who’s who of top aerospace talent from companies like Boeing, Lockheed Martin, and even the Central Intelligence Agency.
Xeriant's aggressive blueprint includes plans to acquire and develop multiple strategic technologies to realize the future of green aerospace.
Duffy designed Xeriant to target 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 finally evolving so that improved eco-friendly technologies are becoming easier to implement. Battery and electric vehicle progress is accelerating, making air taxis the natural next step in the evolutionary chain.
We are in a tech revolution and the developers see these vehicles as travel and tech hubs; kind of 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. But this may all change with the development of electric and autonomous vehicles, which will use 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 the 1800s. 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 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, but 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, ridesharing 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 application.
Helicopters have performance limitations based on their fundamental flight principles. Due to a condition called retreating blade stall, also known as dissymmetry of lift, helicopters have a maximum forward speed of about 250 miles per hour. They also produce high noise levels, due primarily to rotor blade vortex interaction and vibration.
The UN's International Civil Aviation 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. Xeri-MC, a nanolubricant and Retacell an advanced fire retardant are two such prime examples. In addition to massive potential impact for the aerospace industry, management has identified cross-industry applications for these technologies to generate significant 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.
To learn more about Xeriant please visit our About page:
To learn more about our Mission visit our Mission page:
To learn more about our Technology Focus visit our Technology Focus page:
Our press releases are found under the News and Media/Press Releases page.
Xeriant, Inc. is a fully reporting public company trading on OTC Markets under the symbol XERI. Stock data can be found at:
Our quarterly, annual and other filings are available for review at:
For investor relations or shareholder questions, please contact Xeriant, Inc. at:
You can purchase Xeriant stock through brokerage firms. The company’s stock is sold through OTC Markets under the stock symbol: XERI.
Olde Monmouth Stock Transfer Co., Inc.
200 Memorial Parkway
Atlantic Highlands, NJ 07716
Xeriant IR Dept.:
Note: This report is independently produced as an information service for subscribers and may include opinions as to buying, selling and holding various stocks and other securities. These opinions are not intended to be used as a complete source of information on any particular company and should not be used as the basis for an investment decision.
SAFE HARBOR DISCLOSURE AND INVESTOR RELATIONS DISCLOSURE
THIS WEBSITE CONTAINS FORWARD LOOKING STATEMENTS
All statements in this website and attached documents, including videos, are not historical facts and are forward-looking statements which involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases which use such words as “projected”, “expect”, “believe”, “anticipates”, “hopeful”, “looking”, “market penetration”, “goal”, “target”, “hopeful”, “should”, “working to”, “working toward”, ” pro-forma”, “developing”, “develop”, “research, “investing” and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
These forward-looking statements and projections should not be relied upon, but are provided only to show a theoretical outcome. Actual results may be materially different. We cannot and do not warrant the accuracy, completeness or timeliness of the information contained therein. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement.
For further information, please contact us at: Email:
Website for Informational Purposes Only
Information, opinions, or recommendations contained in this website are submitted solely for informational purposes. The information used in statements of fact made has been obtained from sources considered reliable, but we neither guarantee nor represent their completeness or accuracy. Such information and the opinions expressed are subject to change without notice. The views expressed in this website accurately reflect Xeriant, Inc.’s subjective views about any or all of the subjects discussed on this website.
This website is not intended as an offering or a solicitation of any offer to buy or sell any securities mentioned or discussed.
Any opinions expressed herein reflect the opinion of Xeriant, Inc., and are subject to change without notice.
Investors should consider the suitability of any particular investment based on their ability to accept certain levels of risk, and should not rely solely on this website for information pertaining to Xeriant, Inc. The material in this website is intended for general information only and any recommendations contained herein do not consider the specific objectives, financial situation, or particular needs of any particular person. Information contained on this website is not meant as, and should not be considered as, a recommendation. An investor should consult his investment representative regarding the suitability of any investment in the company and take into account any specific investment objectives, financial situation, or particular needs before he or she makes a commitment to purchase the shares of this or any other company’s stock. No part of this document may be reproduced in any manner without the written permission of Xeriant, Inc. Disclosure Concerning Xeriant, Inc.
XERIANT, Inc. is a fully reporting listed Company. As a reporting company, all of our annual and quarterly financial reports are filed with the SEC and can be found on EDGAR, or on www.sec.gov.Disclosure concerning Hansel Capital and Digital Marketing and Advertising, Inc. Hansel Capital and Digital Marketing and Advertising, Inc. have been contracted by the company to place ads and purchase Internet media on behalf of the company www.xeriant.com. Hansel Capital’s contract payment was satisfied with restricted warrants, and digital media expenses are to be paid by a third party shareholder on behalf of the company.
Links From www.xeriant.com to Third Party Websites
In your use of this Xeriant site, you may enter into correspondence with, purchase goods or services from, or participate in promotions of advertisers, members or sponsors of this website. Any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or services, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable third party. You agree that Xeriant, Inc. has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any such third party.
This website may be linked to other sites on the World Wide Web that are not under the control of or maintained by Xeriant, Inc. Such links do not constitute an endorsement by Xeriant, Inc. of any such sites. You acknowledge that Xeriant, Inc. is providing these links to you only as a convenience, and you agree that Xeriant, Inc. is not responsible for the content or links displayed on such sites to which you may be linked.
Links found on this website may direct you to the other websites and information contained on those websites. Clicking on such a link will direct you away from our website. Xeriant, Inc. does not control the content or information contained on any such website. The information on such websites has not been verified by Xeriant, Inc. The viewer should use caution and prudence when viewing such information.
Your use of such third party sites is at your own risk. Those Sites may include inaccuracies or errors that may affect the quality of the materials on the Site. The materials have not been independently verified or authenticated in whole or in part by Xeriant, Inc. Xeriant, Inc. does not warrant the accuracy or timeliness of the materials. Xeriant, Inc. has no liability for any errors or omissions in the materials provided on third party sites.
Disclaimer of Warranties
Your use of this Site is at your own risk. This Site may include inaccuracies or errors that may affect the quality of the materials on the Site. The materials have not been independently verified or authenticated in whole or in part by Xeriant, Inc. Xeriant does not warrant the accuracy or timeliness of the materials. Xeriant has no liability for any errors or omissions in the materials, whether provided by XERIANT or third parties.
THIS SITE IS PROVIDED TO YOU ON AN “AS IS” AND “WHERE-IS” BASIS, WITHOUT ANY WARRANTY. XERIANT, FOR ITSELF AND ANY THIRD PARTY PROVIDING MATERIALS, SERVICES, OR CONTENT TO THIS WEBSITE, MAKE NO REPRESENTATIONS OR WARRANTIES IN CONNECTION WITH THE SITE INCLUDING BUT NOT LIMITED TO THE QUALITY, SUITABILITY, TRUTH, ACCURACY OR COMPLETENESS OF ANY MATERIAL, INFORMATION, PRODUCT, OR SERVICE CONTAINED ON THE SITE. ALL CONDITIONS, REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT OF THIRD PARTY RIGHTS, ARE HEREBY DISCLAIMED. XERIANT WILL NOT BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DAMAGES OF ANY KIND, INCLUDING BUT NOT LIMITED TO, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, ARISING FROM OR CONNECTED WITH THE SITE, INCLUDING BUT NOT LIMITED TO, YOUR USE OF THIS SITE OR YOUR INABILITY TO USE THE SITE, EVEN IF XERIANT HAS PREVIOUSLY BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
XERIANT controls and operates this Site from its headquarters in the United States of America and makes no representation that the materials are appropriate or will be available for use in other locations. Unless otherwise explicitly stated, all marketing or promotional materials found on this Site are solely directed to individuals, companies or other entities located in the United States. If you use this Site from outside the United States of America, you are entirely responsible for compliance with applicable local laws, including but not limited to the export and import regulations.
For more company information go to www.xeriant.com