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Stock impact report

XTI Aerospace and Drone Nerds Poised to Lead U.S. Commercial Drone Market Amid New FCC Action on Foreign-Made UAS [Yahoo! Finance]

XTI Aerospace, Inc. (XTIA) 
Company Research Source: Yahoo! Finance
on building and scaling a comprehensive unmanned aircraft system (UAS) platform for enterprise and government customers, today issued the following statement in response to the Federal Communications Commission ("FCC") recent action adding certain foreign-made unmanned aircraft systems (UAS) and critical components to the FCC Covered List. "By effectively restricting future authorizations of these foreign-made products in the United States as a matter of national security policy, the FCC has created a clear opportunity for America's drone ecosystem," Scott Pomeroy, CEO of XTI Aerospace, said. "With our recent acquisition of Drone Nerds, we are positioned to lead the way in this critical moment, protecting the nation's data sovereignty while supporting the burgeoning market for unmanned aircraft." "As the leader in U.S. drone solutions, we believe we're ideally positioned to help customers navigate this transition with confidence," said Jeremy Schneiderman, CEO of Drone Nerds. "The Show less Read more
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