VerTOL Expected to Grow Rapidly as Air Taxi Space Prepares to Lift Off

- Financialnewsmedia.com News Commentary

PALM BEACH, Fla., Nov. 18, 2020 /PRNewswire/ -- Vertical takeoff and landing (VTOL) and urban air mobility (UAM) might not be part of the everyday vernacular, but, if the experts are right, they soon will be. Actually, to be more specific, Morgan Stanley Research recently reported that the market for flying cars or "air taxis" should continue to mature over the next decade and soar to $1.5 trillion globally, while an urban air study by Frost & Sullivan foresees air taxis beginning in 2022 and expanding by 45%, compounded annually, so expect to see more deals like Lilium's agreement with the city of Orlando to launch its first "flying taxis" air transportation hub, which may be followed by a "vertiport" in Lake Nona, a planned futuristic smart city. Companies that are leading the technology revolution in this sector include Xeriant (OTCPK: XERI), Toyota (NYSE: TM), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG) and Walmart (NYSE: WMT).

The confluence of technologies range from approved drone delivery for Amazon, UPS, and others, to companies that are looking to transition their current technologies into this space, like Tesla, as well as industry specialists that are quickly pushing the UAM engineering envelope.

The drone industry has grown so fast that the Association for Unmanned Vehicle Systems International (AUVSI) team, which started collecting information on every unmanned platform they could identify in 2010 has already identified over 30 specific application areas for each vehicle in the database, ranging from imaging to precision agriculture and search & rescue, with each platform categorized into market(s) for which it is being applied, i.e., academic, civil, commercial, consumer, or military.

AUVSI teamed up with the Danish Technological Institute (DTI) to release a report, "Global Trends of Unmanned Aerial Systems", which analyzes data from AUVSI's Unmanned Systems and Robotics Database and finds that 80 percent of patents associated with unmanned aircraft systems (UAS) technologies have been published since 2016, demonstrating the exponential growth of the unmanned systems industry.

Xeriant, Inc. (OTCPK: XERI) BREAKING NEWS: XERIANT AWARDED NEW HALO AIRCRAFT PATENT - Xeriant, Inc., 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, so are pleased with the additional patent protection on our Halo technology, as it supports our efforts to establish our position in this space," stated Xeriant CEO, Keith Duffy..  Read this and more news for Xeriant and Halo at: www.xeriant.com

Other recent developments in electric transportation technologies include:

Toyota Motor Company (NYSE:TM) invested $394 million in Electric Air Taxi Joby Aviation's $590 million Series C financing, for electric air taxi service. Joby also announced a separate agreement with UBER to introduce its air taxi in at least 2 cities enabling customers to purchase using the Uber app. Joby will now need to gain approval from the FAA and other regulatory agencies.

Alphabet's (NASDAQ: GOOG) Wing Aviation LLC is collaborating with FedEx Express and Walgreens to launch a first-of-its-kind drone delivery service in Christiansburg, Virginia. The pilot program will demonstrate the many benefits of drone delivery to communities by exploring methods to enhance last-mile delivery service, improve access to health care products, and create a new avenue of growth for local businesses.

Drone delivery in the United States has historically been limited to small-scale demonstrations on designated test sites, or extremely short flights along pre-planned, fixed routes – all within the visual line of sight of the drone operator. Earlier this year, Wing became the first drone operator to be certified as an air carrier by the Federal Aviation Administration, allowing it to deliver commercial goods to recipients that may be miles away. Wing's pilot program in Virginia will be conducted as part of the U.S. Department of Transportation's Unmanned Aircraft System Integration Pilot Program (IPP).

Walmart (NYSE: WMT), in partnership with Flytrex, a provider of B2C drone delivery solutions, formally announced the launch of on-demand drone delivery in Fayetteville, North Carolina. The pilot program allows consumers to have grocery, and household essential items, delivered from Walmart stores near the Fayetteville, North Carolina area and is a proof of concept, as the two companies continue to advance their on-demand drone delivery offerings.

Flytrex's technologies enable operators to autonomously fly drones along routes that are preprogrammed to avoid obstacles as well as inhibit noise pollution and privacy concerns. Once the drone releases the bag, the customer is able to pick it up and bring it inside.

Amazon (NASDAQ: AMZN) Prime Delivery Drone- On August 31^st was granted a "Part 135 air carrier certificate", allowing it to begin commercial drone deliveries. Amazon also recently revealed, "Our latest Prime Air delivery drone design. Our newest design includes advances in efficiency, stability and, most importantly, in safety. We also shared more information about Amazon's sense and avoid technology and our efforts to build an independently safe and autonomous drone that will make the safe decision, even when faced with the unexpected."

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated two thousand dollars for news coverage of the current press releases issued by Xeriant, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact email: editor@financialnewsmedia.com
 - +1(561)325-8757