ACCESS Newswire
22 Sep 2020, 18:13 GMT+10
BOCA RATON, FL / ACCESSWIRE / September 22, 2020 / Xeriant, Inc. (OTC PINK:XERI), a new aerospace technology holding company, announced today its vision and plans for accelerating innovation in the rapidly evolving aerospace industry. Xeriant (the 'Company') is focusing its efforts on identifying and acquiring breakthrough technologies with strong commercial potential, investing in both revenue-producing and early-stage companies. The Company is in the process of building a diversified portfolio of strategic business interests and leveraging the collective expertise of its growing international network of industry partnerships to deliver economically viable products that address specific markets and applications. Xeriant will explore prospective synergies between complementary and related technologies under its umbrella and promote constructive interaction and collaboration. At this time, the Company is in negotiations with several parties.
Xeriant is taking an active position in the 'third wave of aeronautics,' the industry's transition to quiet, sustainable propulsion systems and autonomous operation, and the development and integration of revolutionary new aircraft with vertical flight capability (VTOL) facilitating point-to-point transport of passengers and cargo, and numerous other applications in industries across the economy. Recently termed advanced air mobility (AAM), this emerging aviation segment encompasses a wide range of small, lightweight configurations, from unmanned drones to multi-passenger piloted aircraft, called air taxis.
The concept of AAM centers around the idea that this newly enabled contingent of highly capable aircraft can be deployed and integrated in underutilized airspace to accomplish a multitude of functions, such as short-haul commuting and last mile package delivery, making aviation an affordable personal convenience and a facet of everyday life. These transformative aircraft in AAM are also creating opportunities for air travel to become more accessible by connecting rural and urban communities and expanding its availability into new and underserved markets. Advancements in distributed electric propulsion, design optimization, materials, artificial intelligence, wireless communications, sensors, control systems and the miniaturization of electronics have been critical in the development and operation of these aircraft.
There are several compelling statistics and forecasts in support of the development and future growth of electrically powered aircraft:
'All of these game-changing trends and industry initiatives validate our plans and highlight the significant areas of opportunity for Xeriant,' stated Keith Duffy, Xeriant's CEO. 'We are entering an exciting transitional period in aerospace. Safe and sustainable vertical flight is fast becoming a reality, supporting new consumer demands in personal mobility and e-commerce, which are even more relevant in today's environment.' He further added, 'When I was presenting our Halo VTOL aircraft concept last November at the Space Florida - Florida Venture Forum, I came to recognize how many disruptive aerospace technologies and tremendously talented entrepreneurs could benefit from partnering with Xeriant to help them reach their full potential. This was our motivation in developing the Xeriant business model.'
Xeriant recently launched its website, www.xeriant.com, which introduces the phrase 'Innovation Soaring™,' on its home page, stating 'From drone package delivery to exploration of the far reaches of the universe, aerospace innovation will continue soaring to new heights on its inspirational journey into the future. At Xeriant, we are playing an important role in that journey, along with our growing network of partners and investors.'
About Xeriant
Xeriant, Inc. (d.b.a. Xeriant Aerospace) is a holding and operating company focused on acquiring, developing, and commercializing revolutionary, eco-friendly technologies with applications in aerospace, including innovative aircraft concepts targeting emerging opportunities within the aviation industry. In 2019, Xeriant acquired a unique, scalable, multi-purpose VTOL aerial platform called Halo, which is protected under a broad utility patent. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport. The Company is an OTC Markets public company trading under the stock symbol, XERI.
SAFE HARBOR FORWARD-LOOKING STATEMENTS
In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as 'will likely result,' 'are expected to,' 'will continue,' 'is anticipated,' 'estimated,' 'intends,' 'plans,' 'believes' and 'projects') may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our ability to attract investors.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
XERIANT, INC. CORPORATE
Keith Duffy, CEO
Innovation Centre #1
3998 FAU Blvd., Suite 309
Boca Raton, FL 33431
561-491-9595
[email protected]
www.xeriant.com
SOURCE: Xeriant, Inc.
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