DENVER, Colo., Nov 18, 2020- Xeriant, Inc. (OTC PINK:XERI), a new aerospace technology holding company, announced today that an additional utility patent has been issued by the U.S. Patent and Trademark Office related to its Halo aircraft technology, strengthening its October 2019 patent. Both utility patents are retroactive to Halo’s original 2007 continuation patent application date, and therefore have the benefit of preceding numerous drone or UAV (unmanned aerial vehicle) patent filings and claims.
Halo is a development-stage eVTOL (electric vertical takeoff and landing) powered lift aircraft that has been designed to seamlessly transition from vertical to forward flight by altering the direction of its propulsive thrust by approximately 90 degrees. Powered lift aircraft combine the VTOL capability and small logistical footprint of helicopters with the cruise speed, fuel efficiency and range of conventional fixed wing airplanes. Halo’s unique and scalable tiltwing configuration, which features a pivoting cylindrical wing structure and a central axle-mounted payload area, can also accommodate a range of propulsion systems, including ducted lift fans and distributed electric rotors, as well as various stability and control systems.
When fully developed, Xeriant plans to introduce the innovative Halo platform as a small high-performance UAV for commercial applications such as inspections, surveying, surveillance, delivery and imagery, which is expected to compete favorably with other eVTOL UAV aircraft in terms of speed, acoustics, payload, maneuverability, efficiency, range and safety. Depending on the success of the small UAV model, Xeriant may begin to develop a larger scale Halo aircraft model for the emerging UAM (urban air mobility) market or a variant for military applications. UAM, which is part of advanced air mobility, refers to on-demand passenger or cargo transport in congested environments.
Halo was chosen to be a finalist presenter, out of approximately 70 companies, at the November 2019 Florida Aerospace Capital Forum.
“UAVs represent one of the most dynamic growth sectors in aerospace, with applications expanding into almost every industry. Empowered by innovation, these new aerial vehicles promise to make aviation a greater part of our daily lives. The additional patent protection on the Halo technology supports our efforts to establish a strong position in this space,” stated Xeriant CEO, Keith Duffy.
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
SOURCE: Xeriant, Inc.
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Statements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
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