XTI Aerospace Welcomes Len Urbas as New Senior VP of Corporate Development
XTI Aerospace, Inc., recognized for its revolutionary approach in advanced aircraft design, recently made headlines with the appointment of Len Urbas as the Senior Vice President of Corporate Development. This significant addition to the leadership team aims to propel the company's vision in the fast-evolving vertical takeoff and landing (VTOL) market.
Len Urbas arrives at XTI with a wealth of experience in investment banking, private equity, and strategic growth. His previous roles included Managing Director at Waymaker Capital and Senior Advisor at SDR Ventures, where he successfully led various investment banking engagements and private equity fund formations. His diverse background spans multiple industries such as healthcare, technology, financial services, and aerospace, equipping him with a unique skill set to drive XTI's ambitious goals for innovation and market expansion.
According to Scott Pomeroy, Chairman and CEO of XTI Aerospace, Urbas is a vital addition to the leadership team. "His extensive experience in corporate development and strategic investments will be pivotal as we continue to innovate and broaden our footprint in the VTOL sector," Pomeroy emphasized. The company has been strengthening its capital-raising strategy and views Urbas as the final piece necessary to enhance its impressive trajectory in the aerospace arena.
In his statement following the announcement, Urbas expressed keen enthusiasm for joining XTI during this critical juncture in its growth. "The VTOL industry is progressing rapidly, and XTI's innovative vision paired with cutting-edge technology presents a remarkable opportunity to redefine the future of aviation. I am excited to leverage my background and expertise to assist XTI in fulfilling its ambitious objectives and expanding its market presence," he remarked.
XTI Aerospace, operating from its base near Denver, Colorado, is currently developing the TriFan 600, an innovative fixed-wing business aircraft that combines the vertical takeoff and landing capabilities of a helicopter with the speed of traditional airplanes—reaching speeds up to 345 mph with a range of 700 miles. This design positions the TriFan 600 in a unique category known as the vertical lift crossover airplane (VLCA).
Furthermore, XTI’s Inpixon division specializes in real-time location systems (RTLS), leveraging location intelligence solutions to optimize operations, boost productivity, and enhance safety across various industrial applications worldwide.
As XTI Aerospace continues its commitment to pioneering advancements in aviation, the addition of Len Urbas is expected to broaden the company’s strategic initiatives and deepen its engagement in the burgeoning VTOL market. This move not only showcases XTI's dedication to innovation but also highlights the rapidly evolving nature of the aerospace industry, where the integration of both technology and leadership is critical for success. XTI Aerospace is poised to lead the charge towards modernizing air travel, and with Urbas at the helm of corporate development, the company is set to strengthen its competitive edge in this dynamic field.
For more updates on XTI Aerospace and its ongoing projects, you can visit their official website and follow their journey in shaping the future of aviation.
Len Urbas arrives at XTI with a wealth of experience in investment banking, private equity, and strategic growth. His previous roles included Managing Director at Waymaker Capital and Senior Advisor at SDR Ventures, where he successfully led various investment banking engagements and private equity fund formations. His diverse background spans multiple industries such as healthcare, technology, financial services, and aerospace, equipping him with a unique skill set to drive XTI's ambitious goals for innovation and market expansion.
According to Scott Pomeroy, Chairman and CEO of XTI Aerospace, Urbas is a vital addition to the leadership team. "His extensive experience in corporate development and strategic investments will be pivotal as we continue to innovate and broaden our footprint in the VTOL sector," Pomeroy emphasized. The company has been strengthening its capital-raising strategy and views Urbas as the final piece necessary to enhance its impressive trajectory in the aerospace arena.
In his statement following the announcement, Urbas expressed keen enthusiasm for joining XTI during this critical juncture in its growth. "The VTOL industry is progressing rapidly, and XTI's innovative vision paired with cutting-edge technology presents a remarkable opportunity to redefine the future of aviation. I am excited to leverage my background and expertise to assist XTI in fulfilling its ambitious objectives and expanding its market presence," he remarked.
XTI Aerospace, operating from its base near Denver, Colorado, is currently developing the TriFan 600, an innovative fixed-wing business aircraft that combines the vertical takeoff and landing capabilities of a helicopter with the speed of traditional airplanes—reaching speeds up to 345 mph with a range of 700 miles. This design positions the TriFan 600 in a unique category known as the vertical lift crossover airplane (VLCA).
Furthermore, XTI’s Inpixon division specializes in real-time location systems (RTLS), leveraging location intelligence solutions to optimize operations, boost productivity, and enhance safety across various industrial applications worldwide.
As XTI Aerospace continues its commitment to pioneering advancements in aviation, the addition of Len Urbas is expected to broaden the company’s strategic initiatives and deepen its engagement in the burgeoning VTOL market. This move not only showcases XTI's dedication to innovation but also highlights the rapidly evolving nature of the aerospace industry, where the integration of both technology and leadership is critical for success. XTI Aerospace is poised to lead the charge towards modernizing air travel, and with Urbas at the helm of corporate development, the company is set to strengthen its competitive edge in this dynamic field.
For more updates on XTI Aerospace and its ongoing projects, you can visit their official website and follow their journey in shaping the future of aviation.
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