The aerospace company Xeriant Inc (OTCMKTS:XERI) has not had a great time in the past week as far as its stock performance is concerned and has seen its stock decline by as much as 10%.
The company was in the news earlier on this week on Monday that it was going to be in attendance at the National Business Aircraft Association (NBAA) Business Aircraft Convention and Exhibition (BACE) along with its joint venture partner XTI Aircraft Company. XTI is best known for having developed a third generation hybrid electric VTOL named TriFan 600. The event in question is going to be held at Las Vegas from October 12 to October 14, 2021.
It is a key industry event for Advanced Air Mobility companies like Xeriant and XTI. Some of other participants at the event include companies like Overair, Bell, Jaunt Air Mobility, Northern Plains UAS Test Site, Honeywell and Kitty Hawk.
It goes without saying that it is an event at which Xeriant is going to get a major platform from which it could demonstrate the merits of its products. Keith Duffy, the Chief Executive Officer of the company stated that the company is committed to Advanced Air Mobility space and went on to state that the TriFan 600 from its joint venture partner XTI could prove to be ‘extremely competitive’.
