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Chairpersons

XTI Aerospace Appoints Stephen Griessel to Corporate Advisory Board

Strategic Insights

— 1 min read

Stephen Griessel, a seasoned executive with over 40 years of leadership experience in defense, aerospace, and investment, has been appointed to XTI Aerospace's Corporate Advisory Board. Griessel's addition follows growing recognition of VTOL aircraft as a national strategic priority. As Group CEO of Paramount Group Ltd, Griessel led the company's transformation into a globally licensed OEM, deploying IP and manufacturing in 25+ countries, aligning directly with XTI's strategy to serve high-value special mission operators and defense partners.

Key Takeaways:

  • XTI Aerospace has appointed Stephen Griessel, former Group CEO of Paramount Group Ltd, to its Corporate Advisory Board, marking a significant addition to the company's leadership.
  • Griessel brings 40 years of experience in defense, aerospace, investment, tourism, and manufacturing, making him a valuable asset in XTI's mission to dominate the emerging Vertical Economy.
  • Griessel's appointment comes at a pivotal time as XTI executes on its strategy to serve high-value special mission operators and defense partners with its VTOL solutions.
  • The TriFan 600, XTI's flagship product, has the potential to deliver the vertical lift of a helicopter with the speed and range of a fixed-wing aircraft, making it a transformative solution for regional and mission-critical air mobility.
  • Michael Tapp, Chairman of XTI's Corporate Advisory Board, highlights Griessel's global business acumen, success in leading defense and aerospace enterprises, and investor mindset as essential assets in developing a world-class military variant of the TriFan platform.

Statistics:

  • XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capability, maximum cruising speeds of 311 mph, and a range of 985 miles.
  • The TriFan 600 has the potential to create an entirely new category – the xVTOL.
  • Prosperity Systems Inc. published a report highlighting the national strategic priority of VTOL aircraft, underscoring the importance of XTI's technology.
  • XTI Aerospace is based in Englewood, Colorado, near Denver, and has a business unit, Inpixon, that specializes in real-time location systems (RTLS) technology.

Sources:

  • XTI Aerospace press release, dated June 11, 2025
  • Paramount Group Ltd. company history and leadership experience

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