(XERI) Hits New High Of Day... Could We See A Breakout For This Aerospace Profile Today?
XERI continues to pick up steam and just reached a new high of day of $.179.
Could $.18 be next?
On top of today's early green trend and the potential lines of support I mentioned in my previous update, XERI is now trading above its 50-Day Simple Moving Average (SMA).
Trading above that line along with its 13-Day Exponential Moving Average could be two key lines of potential support that people zero in on today.
Plus, with a 200-Day SMA over $.24 at the moment, there is a bunch of potential room to run before running into more possible resistance.
Don't forget, this profile can make EXPLOSIVE moves in the short term including several triple-digit surges in the span of days.
Factor in XERI's recent uplisting and this summer's game-changing JV with XTI, and this could be the perfect recipe to fuel a potential breakout.
Take a second now and pour through my initial report below on XERI.
It's a new week which means a chance at a new opportunity.
I've been tracking a potential breakout idea and want you to get it on your radar quickly.
This is a tech idea like I've never seen before. Due to a handful of potential catalysts, it could be ready to take off from what may be viewed as undervalued levels.
The company is currently making waves in the electric vertical takeoff and landing (eVTOL) market. And, if you didn't know, that market is booming.
To give you an idea, Morgan Stanley is telling in-vest-ors that the eVTOL aircraft could ultimately represent a $9Tn global market one day.
That's not all, a string of mergers and acquisitions have defined the eVTOL sector over the past year.
In December 2020, Joby acquired Uber Elevate, and then itself merged with Reinvent Technology Partners, giving it a combined value of $6.6Bn. (1)
California-based Archer also announced a merger with Atlas Crest Investment Corp. for a $3.8Bn valuation. (1)
That's why a recent JV this company signed with a developer of next-generation, cleantech VTOL aircraft all the more interesting and potentially game-changing moving forward.
Due to this JV and more potential catalysts, there is only one profile to have on your radar for Tuesday:
*Xeriant, Inc. (XERI)*
Xeriant, Inc. is an aerospace company dedicated to the new emerging aviation market called Advanced Air Mobility (AAM), the transition to eco-friendly, on demand flight. Xeriant is focused on the acquisition, development, and proliferation of next generation electrically powered aircraft with vertical takeoff and landing (eVTOL) capabilities, performance enhancing aerospace technologies including advanced materials, and critical support infrastructure.
Xeriant is partnering with visionary companies that accelerate this mission, including developing, integrating and commercializing breakthrough technologies that enhance performance, increase safety, and improve efficiency in AAM. Many of the sustainable advanced materials have uses that impact multiple global industries beyond aerospace.
The Company is currently pursuing near-term cash flow opportunities with green fire protectant and nano-lubricant technologies which are in the process of being tested by major national and international companies.
One Top Potential Catalyst Above All Could Shape Xeriant, Inc. (XERI) Into A Juggernaut In The Years To Come
Xeriant Announces Joint Venture with XTI, Developer of World’s Fastest, Longest-Range Commercial VTOL
XTI’s revolutionary hybrid-electric TriFan 600 aircraft has presales that now top $1.3Bn
BOCA RATON, Fla., June 09, 2021 (GLOBE NEWSWIRE) -- Xeriant, Inc., (“Xeriant” or “the Company”), a new aerospace technology and advanced materials holding company, announced today that it has signed a definitive joint venture agreement with XTI Aircraft Company (“XTI”), a privately held cleantech aviation company based in Englewood, Colorado. The agreement will focus on the development of XTI’s revolutionary hybrid-electric fixed-wing TriFan 600, the fastest and longest-range vertical takeoff and landing aircraft (VTOL) in the world. [...]
“The TriFan 600 will transform the light commercial aircraft market, providing eco-friendly, on-demand air travel without compromising safety and performance,” stated Keith Duffy, CEO of Xeriant. “In my view, no other VTOL aircraft comes close. It is an honor to be associated with XTI’s world-class management team which has developed and certified over 30 new aircraft over their careers.”
“We are pleased with the significant progress our company has made over the past two years, improving the TriFan 600’s design while strengthening our team and raising capital. The joint venture with Xeriant is an important step in accelerating development as we look toward building a full-scale prototype and formulating our test and certification plans. Our presales for the TriFan 600 now top $1.3Bn, which is a testament to the remarkable demand for our aircraft’s unique design and capabilities,” commented Robert LaBelle, CEO of XTI Aircraft.
Read the full article here.
The TriFan 600 Could Change Travel In An Unimaginable Way
Introducing XTI's revolutionary business jet, the TriFan 600...
Based on the company's analysis of the most high-profile aircraft in the eVTOL category, the TriFan 600 is superior in terms of:
Range: The TriFan 600 has the longest range: 1,380 miles with conventional takeoff and landing (CTOL mode), 750 miles with vertical takeoff and landing (VTOL mode)
Speed: The TriFan 600 has the fastest cruise speed: 345 mph (300 knots) maximum cruise speed, reached in approximately 90 seconds
Altitude: The TriFan 600 has the highest maximum cruise altitude: 29,000 feet, reached in approximately 11 minutes, which allows the aircraft to fly above most weather
Safety: The TriFan 600 is the safest: A 10:1 glide ratio which can allow for a safe landing using only wing aerodynamics, a full airframe ballistic parachute, fly-by-wire controls, IFR certification, dual ducted fan motors and other redundant system
Versatility: The TriFan 600 is the most versatile: Takes off and lands vertically, conventionally, or a combination of both, and interior can be configured to carry 8 passengers (up from 5) as an air taxi or for emergency medical transport
Scalability: The TriFan 600 has the only scalable platform: Potential variants in development are a smaller TriFan 200 for unmanned cargo delivery and a larger TriFan 1200 with 12-15 seats for regional routes
Certification: The TriFan 600 has the most rapid certification and deployment track: Uses a conventional fixed-wing configuration and off-the-shelf components, and operates under existing regulations and infrastructure
Team: he TriFan 600 has the most experienced team to develop and certify a new aircraft platform: XTI is led by the former Chairman and CEO of Agusta Westland North America, the former President and COO of Cessna Aircraft and the former Chairman and CEO of AVX Aircraft, who combined have certified over 30 new aircraft
Pre-Sales: The TriFan 600 has demonstrated the greatest market acceptance and demand: Over $1.3Bn currently in pre-orders, including $260Mn in firm, non-refundable purchases