XTI Aerospace signs MOU with VerdeGo Aero for hybrid-electric propulsion

XTI Aerospace (XTIA) announced a technology collaboration memorandum of understanding, or MOU, with VerdeGo Aero, a provider of hybrid-electric propulsion technology for aircraft. This collaboration will allow XTI to design variants from the outset to leverage the benefits enabled by hybridization. The MOU between the companies provides a framework to collaborate on aircraft mission performance targets and related power requirements using hybrid-electric propulsion. Potential opportunities include critical military and commercial UAS logistics and cargo missions where speed, range and vertical takeoff & landing performance is paramount.