On Wednesday, the creators of the TriFan 600, XTI Aircraft Company, announced that it has been named a 2015 Popular Science “Best of What’s New” Award winner in the aerospace category.
The TriFan 600 is a six-seat fixed-wing airplane with the speed, range and comfort of a business jet, and the ability to take off and land like a helicopter. It will be the first commercially certified high-speed, long-range vertical takeoff and landing (VTOL) airplane to provide true door-to-door travel.
Popular Science annually selects the 100 “greatest innovations” of the year, each representing a significant step forward in their respective categories. The TriFan 600 and other honorees are celebrated in the magazine’s December issue, on newsstands now.
Cliff Ransom, editor-in-chief of Popular Science, stated:
“The Best of What’s New awards honor the innovations that surprise and amaze us — those that challenge our view of what’s possible in the future. The award is Popular Science’s top prize, and the 100 winners — chosen from among thousands of nominees — are each a revolution in their respective fields.”
David Brody, founder and chairman of XTI Aircraft Company, added:
“This is gratifying news and an honor for XTI and our supporters. After working on the engineering and analyzing the market for the TriFan for three years, this award is further validation that TriFan 600 will be a true game-changer.”
Last week, XTI filed an application with the U.S. Securities and Exchange Commission (SEC) to qualify the company’s equity crowdfunding campaign on StartEngine. When approved, that campaign will allow the general public to buy shares.
As of today, the TriFan 600’s campaign is approaching $15 million in expressed interest from people who want to invest in the company. XTI expects qualification from the SEC early next year to convert that interest into actual shares in the company.
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