In Tuesday’s session, Xeriant Inc. (OTCPk: XERI) rose 42.54 percent to $0.285 and has been trading between $0.21 and $0.299. Xeriant stock gained over 761% in the past 12 months, reaching a high of $0.58 with $80.91M of market cap. As the company announced to share recent developments, XERI stock price surged.
Are recent developments going to be updated by XERI?
Holding and operating company Xeriant, Inc. (d.b.a. Xeriant Aerospace) participates actively in Advanced Air Mobility (“AAM”). As the aerospace industry transitions to more sustainable, efficient, and autonomous operations, AAM is a crucial technology.
As part of AAM, the economy will be able to access more aerial services and grow applications based on aircraft with vertical takeoff and landing capabilities (VTOL) that help facilitate point-to-point passenger and cargo transportation. XERI’s headquarters are located at Florida Atlantic University’s Research Park in Boca Raton, Florida, next to the Boca Raton Airport.
A press release for Xeriant, Inc. was recently sent out. In its press advisory, XERI outlined plans to hold a press conference at which it would announce recent noteworthy events. Approximately mid-June is the tentative date for the press conference.
Previously Xeriant (XERI) announced that its subsidiary, Xeriant Europe, had begun testing one of Movychem’s “green” fire protectors branded Retacell. Retacell’s fire protection capabilities are highlighted in several presentation videos on XERI’s YouTube channel. In fact, these videos demonstrate the unique capabilities of this technology in extreme conditions, and those interested can also view a demonstration video on that channel.