#United States #Englewood #XTI Aerospace #VTOL Aircraft #Steve Griessel

XTI Aerospace Strengthens Defense Sector

XTI Aerospace, Inc. (Nasdaq: XTIA), recognized for its pioneering work in xVTOL (eXperimental Vertical Take-Off and Landing) and powered-lift aircraft solutions, has welcomed Stephen (Steve) Griessel to its Corporate Advisory Board. Mr. Griessel, a veteran of the aerospace and defense sectors, brings over 40 years of leadership experience, particularly from his tenure as Group CEO of Paramount Group Ltd. This strategic appointment aligns with the growing recognition of VTOL aircraft as crucial for national defense.

Context for the Appointment

XTI Aerospace's decision to appoint Griessel comes at a critical moment as VTOL aircraft gain increasing significance as a national priority. This shift has been emphasized by initiatives, such as a recent executive order from President Trump, aimed at bolstering U.S. leadership in aerospace technologies. According to Scott Pomeroy, CEO and Chairman of XTI, Griessel's appointment is timely as the company seeks to establish a commanding presence in the emerging vertical economy. This new market combines urgent aviation needs with the unique capabilities that xVTOL technology offers.

Pomeroy articulated, "Steve brings deep aerospace and defense experience as well as a global mindset. His ability to transform defense enterprises into large-scale Original Equipment Manufacturers (OEMs) will be instrumental in accelerating XTI's ventures into mission-critical areas."

Steve Griessel's Background

Currently, Griessel serves as the CEO of Copperstone Capital Partners, an investment firm managed by the Ichikowitz family that has diversified interests in defense, software, and more. Under his previous leadership, Paramount Group Ltd. expanded its operational footprint to over 25 countries, establishing itself as a globally licensed OEM focused on advanced sovereign defense capabilities. This extensive experience aligns seamlessly with XTI's mission to provide valuable VTOL solutions, particularly for high-stakes special mission operators without the need for new infrastructure.

Reflecting on his career, Griessel stated, "I’ve spent my career scaling organizations that marry innovation with execution. XTI’s vision for the TriFan 600 is transformative—offering the helicopter's vertical lift combined with the speed and range of a fixed-wing aircraft. I’m honored to contribute to this mission."

The Future of XTI Aerospace

Michael Tapp, Chairman of XTI's Corporate Advisory Board, emphasized the importance of Griessel's role in advancing their military variant leveraging the TriFan platform. His extensive background in global business and defense operations is expected to propel XTI Aerospece further into the competitive landscape of both commercial and defense markets.

Griessel holds a Bachelor of Business degree from the University of the Witwatersrand, a postgraduate degree in Marketing from the University of South Africa, and a Master of Science in Building Science from the University of the Witwatersrand.

About XTI Aerospace

XTI Aerospace is on a groundbreaking mission to develop the TriFan 600, a revolutionary fixed-wing business aircraft with both vertical takeoff and landing capability and cruising speeds of up to 311 mph. The aircraft's range of nearly 985 miles places it in a new category known as xVTOL. Additionally, XTI's business unit, Inpixon, excels in real-time location systems, allowing various industries to optimize operations, enhance safety, and increase productivity. For more information, interested parties can explore XTI Aerospace’s website or follow them on LinkedIn, Instagram, X, and YouTube.

In conclusion, the appointment of Steve Griessel to XTI Aerospace’s advisory board represents a strategic endeavor to propel the company toward innovation and influence in the aerospace and defense sectors, particularly in the realm of VTOL technology.