XTI Aerospace names Unusual Machines CEO as board chairman

XTI Aerospace, Inc. (Nasdaq: XTIA) has appointed Dr. Allan Evans, chief executive officer of Unusual Machines, Inc. (NYSE American: UMAC), as a director and chairman of its board of directors, according to a company statement.

The appointment returns XTI Aerospace's board to five members. In connection with Dr. Evans' appointment, the board designated Jonathan Ornstein as vice chairman.

Dr. Evans, 43, has served as CEO and director of Unusual Machines since December 2023. Prior to that role, he was chief operating officer of Red Cat Holdings, Inc. from 2021 to 2023, and previously served as CEO of Fat Shark from 2017 until its acquisition by Red Cat in 2020. He holds a PhD in Electrical Engineering from the University of Michigan.

"Allan brings deep engineering expertise, proven business development and corporate strategy experience, as well as a firsthand understanding of the domestic supply chain for the growing U.S. drone industry," said Ornstein.

Jeremy Schneiderman, interim CEO of XTI Aerospace, said Dr. Evans' industry expertise and relationships would support the company's efforts in the U.S. enterprise drone market.

XTI Aerospace operates through its subsidiary Drone Nerds, LLC, which provides drone solutions to commercial, enterprise, and government customers in sectors including public safety, agriculture, construction, and energy.

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