Xeriant Provides Update on Press Conference and Business Activities - Seite 2

Aerospace

• There have been considerable advancements in the development of the TriFan 600 as a result of Xeriant’s joint venture with XTI Aircraft. The TriFan 600 will be the fastest and longest-range hybrid-electric vertical takeoff and landing (VTOL) aircraft in the world. Xeriant contributed more than $5.5 million to the joint venture, enabling XTI Aircraft to complete Preliminary Design Review (PDR), a significant milestone in the design process, which led to a 50% increase in the order pipeline, now valued at $2.25 billion in gross revenue.
• Xeriant was assigned a CAGE Code by the Department of Defense's Defense Logistics Agency (DLA) and solidified its foundation to pursue aerospace projects and technology development by adding several key advisors from the defense sector, including General (ret.) Blaine Holt, formerly the second highest ranking U.S. military official in NATO; former NASA astronaut and Commander of the ISS, Steve Swanson; and Colonel (ret.) John Parker, former Director of Boeing’s Vertical Lift Global Sales and Marketing.

A firm date for the press conference will be announced the week following the July 4^th holiday. The press conference will take place prior to the end of July.

About Xeriant, Inc.

Xeriant, Inc. (d.b.a. Xeriant Aerospace) is an aerospace company dedicated to the emerging aviation market called Advanced Air Mobility (AAM), the transition to eco-friendly on-demand flight, and is partnering with and acquiring strategic interests in visionary companies that accelerate this mission. Xeriant is focused on the development and deployment of next-generation electrically powered aircraft capable of vertical takeoff and landing (VTOL), breakthrough technologies and advanced materials which can be successfully integrated and commercialized, and the critical infrastructure components needed to support operations. Xeriant is located at the Research Park at Florida Atlantic University in Boca Raton, Florida adjacent to the Boca Raton Airport.

For more information, please go to www.xeriant.com. 

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.