TORONTO, ONTARIO / ACCESS Newswire / January 23, 2026 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, announces that management will participate in the following upcoming events: Event: DealFlow Discovery Conference Date: January 28-29, 2026 Location: Atlantic City, NJ - The Borgata Hotel Event ...

Company shares updates on the Cavorite X7 design, safety, aerodynamics, and cruise performance TORONTO, ON / ACCESS Newswire / January 21, 2026 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, shares exciting technical updates on the Cavorite X7 that elevate safety, aerodynamics, and cruise pe ...

Robinson said the company completed a “successful full-wing transition flight” of a large-scale prototype in May, describing it as a milestone achieved by only a small number of eVTOL developers globally. He said the data from that work is being applied to the full-scale X7 program and that the milestone “significantly de-risked” the technical roadmap.Both Robinson and CFO Brian Merker reiterated that New Horizon does not plan to operate an air taxi service. Merker said the company “consciously decided to b ...

TORONTO, ONTARIO / ACCESS Newswire / January 14, 2026 / New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one of the world's first hybrid-electric VTOL (Vertical Take-Off and Landing) aircraft, today reported its financial and operational results for the second quarter of fiscal 2026, ended November 30, 2025.Highlights include:Made significant development progress on its full-scale ...

Core Insights - New Horizon Aircraft Ltd. (NASDAQ:HOVR) has partnered with Motion Applied, a former division of the McLaren Group, to enhance its hybrid-electric VTOL aircraft, the Cavorite X7 [1][2]. Group 1: Partnership Details - Motion Applied will design and manufacture a customized motor drive inverter for the Cavorite X7, aimed at improving power efficiency and reducing weight in the aircraft's vertical lift system [2]. - The partnership leverages Motion Applied's expertise in design, manufacturing, and testing to support the development of a full-scale prototype and certification program for the Cavorite X7 [2][3]. Group 2: Technical Specifications - The Cavorite X7 will utilize Motion Applied's MCU-X platform, featuring a custom air-cooled silicon carbide motor drive inverter that converts direct current from onboard batteries into alternating current for the electric motors [3]. - The inverter is expected to weigh under 3 kilograms and is designed to enhance power transfer efficiency while minimizing cooling requirements through the use of silicon carbide technology [4]. Group 3: Company Overview - New Horizon Aircraft Ltd. is focused on developing the Cavorite X7, a hybrid-electric Vertical Takeoff and Landing (eVTOL) aircraft that combines the flying capabilities of a conventional plane with VTOL functionality [5].

Group 1: Autonomous Delivery Services - Serve Robotics is expanding its autonomous sidewalk delivery service into Fort Lauderdale, enhancing its presence in South Florida's delivery market [1] - Customers can now receive Uber Eats via Serve's AI-powered robots, providing more sustainable and efficient delivery options [2] Group 2: Electric Vehicle Infrastructure - Xcharge is partnering with Fast Charging to deploy a large-scale EV charging network across Mexico, starting with 440 charging points at Soriana's 780 supermarket locations by the end of 2026 [3] - The project aims to build Mexico's largest ultra-fast charging network and significantly reduce transportation emissions [3] Group 3: Aircraft Development - New Horizon Aircraft has partnered with Motion Applied to develop a lightweight high-efficiency motor drive inverter for its hybrid electric Cavaret X 7V toll aircraft [2] - The custom silicon carbide inverter will enhance power density, efficiency, and range as Horizon progresses towards a full-scale prototype and aircraft certification [2] Group 4: Vehicle Production - Faraday Future has received the first shipment of FX Super 1 multi-purpose vehicle parts at the Port of Long Beach, moving closer to pre-production at its California facility by year-end [3] - The FX Super 1 is designed as an affordable mass-market vehicle with a spacious tech-rich interior and planned all-wheel drive options in both battery electric and future AI hybrid versions [4]

Core Insights - Horizon Aircraft hosted Brigadier General Brendan Cook from the Royal Canadian Air Force for a briefing on the Cavorite X7 and its potential defense applications [1] Company Overview - Horizon Aircraft is an advanced aerospace engineering company focused on developing hybrid eVTOL aircraft, specifically the Cavorite X7 [1] Industry Context - The meeting with military officials highlights the growing interest in hybrid eVTOL technology for defense purposes, indicating potential market opportunities for Horizon Aircraft [1]

Core Viewpoint - Horizon Aircraft is participating in key industry conferences, highlighting its position in the advanced aerospace engineering sector and its development of hybrid eVTOL aircraft [1] Company Participation - Horizon Aircraft will attend the Helicopter Association Canada Annual Conference & Trade Show from November 4-6, 2025, in Abbotsford, B.C. [1]

Core Insights - Horizon Aircraft has been awarded a non-dilutive grant from the INSAT program to fund the CRYSTAL project, which aims to develop an all-weather eVTOL propulsion system [1] - The total estimated expenditure for the CRYSTAL project is $10.5 million, with Horizon Aircraft receiving $2.0 million in grant proceeds [1] Company Overview - Horizon Aircraft is an advanced aerospace engineering company focused on developing hybrid eVTOL aircraft [1] - The company is collaborating with the Flight Centre of Excellence and the University of Toronto for the CRYSTAL project [1]

Group 1 - New Horizon Aircraft Ltd. (NASDAQ: HOVR) is identified as a notable company in the aviation innovation sector [1] Group 2 - Mr. Mavroudis is a professional portfolio manager with expertise in risk management and financial market analysis [2] - He has successfully navigated major crises, including the COVID-19 pandemic [2] - Mr. Mavroudis holds multiple degrees and certifications, enhancing his credibility in investment management [2]