XTI Aerospace divests Inpixon RTLS business for $5.48M

XTI Aerospace (XTIA) 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.