XTI Aerospace Sells RTLS Business for €4.64M
XTI Aerospace has completed the sale of its real-time location systems, or RTLS, business by transferring all of the shares of Inpixon, a German limited liability company, to EVO 467, a German investor group led by technology and operating executives, for EUR4.64M, or approximately $5.48M, effective February 3. Inpixon provides solutions in the field of indoor positioning, real-time localization, and sensor technologies and develop and distribute hardware and software systems that use sensor technology, radio technologies, and data analysis to enable the precise location of people, devices and objects within buildings. The company believes that the transaction supports XTI's focus on establishing leadership in drones and driving toward sustainable profitability.
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- Strategic Focus Enhancement: XTI Aerospace has sold its real-time location systems business for EUR 4.64 million (approximately $5.48 million), aiming to streamline its cost structure and support its path to profitability by 2026.
- Market Positioning Shift: This transaction allows XTI to concentrate resources on the drone sector, with CEO Scott Pomeroy stating that the RTLS business no longer aligns with the company's capital and growth strategy, highlighting the company's commitment to the drone market.
- Technology Transfer and Development: Inpixon specializes in indoor positioning and sensor technologies, and XTI believes the new buyer will bring deep technical expertise and global market knowledge to support ongoing innovation and growth.
- Future Outlook Confidence: Pomeroy expressed optimism about Inpixon's future under its new ownership, believing that the new investors will drive further development of its technology, ensuring business continuity and innovation capabilities.
- Strategic Focus Enhancement: XTI Aerospace has sold its real-time location systems business for EUR 4.64 million (approximately $5.48 million), aiming to streamline its cost structure and concentrate on the drone market, thereby paving the way for profitability by 2026.
- Market Opportunity Capture: CEO Scott Pomeroy stated that this divestiture allows the company to allocate resources to areas with stronger strategic and commercial potential, particularly in drone technology, enhancing its market leadership.
- Technology Transfer Benefits: Inpixon specializes in indoor positioning and sensor technologies; although its technological potential is significant, it no longer aligns with XTI's core business, and the sale will allow it to thrive under more focused investors, ensuring business continuity.
- Optimistic Future Outlook: Pomeroy expressed confidence in Inpixon's future under its new ownership, believing that the buyer group's technological experience and market expertise will foster continued innovation and growth.
- Product Line Expansion: XTI Aerospace announces the addition of Freefly Systems' Alta X Gen2 heavy-lift drone to its product lineup, enhancing its competitiveness in the enterprise and government customer markets.
- Compliance Configuration Options: The new drone offers both standard and NDAA-compliant configurations, allowing operators to select a platform that aligns with their operational needs and compliance obligations, ensuring adherence to government procurement requirements.
- Technological Innovation: The Alta X Gen2 drone features enhanced autonomy and smart payload integration capabilities, aimed at improving enterprise workflow efficiency to meet the growing market demand.
- Market Positioning: By integrating the Drone Nerds platform, XTI Aerospace further solidifies its leadership position in drone technology, driving digital transformation for enterprise and government clients.
- New Board Member: XTI Aerospace appointed Jonathan G. Ornstein, former chairman and CEO of Mesa Air Group, to its Board of Directors effective February 1, 2026, aiming to enhance governance and decision-making through his extensive industry experience.
- Capital Strategy Enhancement: Ornstein's addition is expected to optimize XTI's capital strategy, particularly in seeking financing and investment opportunities, thereby increasing the company's market competitiveness and appeal.
- Deal-Making Capability Boost: With Ornstein's deep background in aviation, XTI anticipates an enhancement in its deal-making capabilities, especially in mergers and partnerships, accelerating business expansion and market penetration.
- Private Market Access: The new director's expertise will support XTI's access to private markets, aiding the company in establishing a dominant position in the Unmanned Aircraft Systems (UAS) sector and driving future growth and innovation.
- New Board Member: XTI Aerospace appointed Jonathan G. Ornstein, former Chairman and CEO of Mesa Air Group, to its Board effective February 1, 2026, aiming to leverage his extensive aviation experience to enhance the company's leadership in the drone market.
- Strategic Investment Boost: Ornstein's 25-year tenure at Mesa involved executing complex transactions and prudent capital allocation, and his addition is expected to significantly bolster XTI's M&A strategy, facilitating expansion in the unmanned aircraft systems sector.
- Strengthened Market Positioning: With a focus on drones, training, and supply chain scalability, XTI is poised to accelerate its dominance in the drone market, driven by Ornstein's forward-thinking approach to meet increasing market demands.
- Governance Structure Enhancement: Serving as an independent director, Ornstein will chair the Nominating and Corporate Governance Committee and participate in the Audit and Compensation Committees, thereby enhancing XTI's corporate governance capabilities.
- Product Line Expansion: Drone Nerds has added the Freefly Systems FLUX LiDAR series to enhance its enterprise unmanned aircraft system offerings, thereby increasing its competitive edge in the market.
- Technology Integration: By integrating advanced LiDAR technology, Drone Nerds can provide enterprise and government clients with higher precision terrain data collection, addressing the growing market demand.
- Market Positioning: This expansion not only enriches Drone Nerds' product portfolio but also solidifies its leadership position in the drone industry, attracting more enterprise clients.
- Strategic Significance: This move signifies XTI Aerospace's ongoing investment in drone technology, which is expected to drive future revenue growth and market share enhancement for the company.










