ENGLEWOOD, Colo., Feb. 7, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI Aerospace" or the "Company"), a pioneer in VTOL and Powered-Lift aircraft solutions, today announced that Inpixon, a business unit of XTI Aerospace and a leader in real-time location systems (RTLS) technology, has been honored with the prestigious "RTLS Solution of the Year 2025" award at the 9th annual IoT Breakthrough Awards. Competing against over 40 other innovative entrants, Inpixon was recognized for its outstanding work in delivering cutting-edge real-time location services (RTLS) solutions that enhance operational efficiency, safety, and decision-making across industries.
Steve Johansson, managing director at IoT Breakthrough, said, "Inpixon RTLS is driving significant value through technology-agnostic, scalable, and full-stack solutions that are key to unlocking smarter operations, reducing costs, enhancing safety, and improving decision-making through real-time visibility. Congratulations on winning our RTLS Solution of the Year award."
The IoT Breakthrough Awards program is produced by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today.
"We are thrilled to congratulate Inpixon on receiving the 2025 RTLS Solution of the Year award," said Scott Pomeroy, CEO and Chairman of XTI Aerospace. "This recognition not only highlights Inpixon's exceptional innovation and leadership in the RTLS space, but it also demonstrates the tremendous value Inpixon brings to XTI Aerospace as a whole. Inpixon's advancements in location-aware technology are integral to our broader vision of driving growth and efficiency across our portfolio. This achievement is a testament to the dedication and expertise of the Inpixon team, and we look forward to continuing to push the boundaries of what's possible with RTLS, AI and IoT."
"We are truly honored to receive the 2025 RTLS Solution of the Year award," said Soumya Das, CEO of Inpixon. "This achievement reflects our dedication to delivering state-of-the-art, AI-powered location-aware solutions that help our clients navigate the complexities of the modern workplace. We would like to extend our deepest thanks to our dedicated team, partners, and customers who have played an essential role in making this possible. Together, we continue to lead the way in driving the future of Industry 4.0."
Inpixon's RTLS solutions provide real-time insights into the location and movement of assets, equipment, and personnel, helping organizations streamline their operations, enhance safety, and optimize overall business performance. As a leader in location-aware technology, Inpixon's solutions serve as a vital resource in industries such as manufacturing, logistics, mining, government, and more.
For more information about Inpixon's award-winning RTLS solutions, please visit inpixon.com.
About XTI Aerospace, Inc.
XTI Aerospace, Inc. (XTIAerospace.com) (NASDAQ:XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing ("VTOL") capability of a helicopter, speeds of 345 mph and a range of 700 miles. Additionally, the Inpixon (inpixon.com) business unit of XTI Aerospace is a leader in real-time location systems ("RTLS") technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI Aerospace, please visit XTIAerospace.com, and follow the company on LinkedIn, X, and YouTube.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about the products under development by XTI, the advantages of XTI's technology, and XTI's customers, plans and strategies are forward-looking statements.
Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 16, 2024, and in subsequent reports filed with or furnished to the SEC.
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SOURCE XTI Aerospace, Inc.