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]

Core Insights - Horizon Aircraft is developing a full-scale hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, with initial testing expected in 18 months [1][2][3] Technical Progress - The technical team achieved significant milestones in the first half of 2025, including a successful transition to forward flight of the large-scale prototype [2][6] - The company is currently focused on the design of the full-scale aircraft, which is anticipated to be completed within 18 months [2][6] - Horizon has completed architecture development for the full-scale, non-conforming prototype and is actively testing propulsion technology [6] Certification and Regulatory Engagement - Horizon plans to certify the aircraft for flying under Instrument Flight Rules (IFR) and for Flight Into Known Icing (FIKI), and has engaged with Transport Canada Civil Aviation (TCCA) for this purpose [6] Team Expansion - The company increased its team of senior designers and engineers by nearly 50% in 2025, enhancing its technical capabilities [6]

Company Overview - Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company developing one of the world's first hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, the Cavorite X7 eVTOL [5]. Upcoming Events - Horizon Aircraft management will participate in the Gabelli Aerospace & Defense Symposium on September 4, 2025, in New York City, including a fireside chat and 1x1 investor meetings [1]. - On the same day, management will also attend the Deutsche Bank Aviation Forum for 1x1 investor meetings [2]. - From September 8-10, 2025, management will participate in the H.C. Wainwright Global Investment Conference in New York City, focusing on 1x1 investor meetings [3]. - Horizon Aircraft will be present at the Rare Earth Mines, Magnets and Motors 2025 event on September 23-24 in Toronto, where management will participate in a panel discussion and showcase a large-scale prototype [4]. Product Development - The Cavorite X7 eVTOL is designed to fly most missions like a normal aircraft while offering industry-leading speed, range, and operational utility, with a focus on safety and performance [5].

Core Insights - Gabelli Funds, LLC is hosting the annual Aerospace & Defense Symposium on September 4, 2025, at The Harvard Club in New York City, focusing on strong demand outlook and high barriers to entry in the Aerospace and Defense industry [1] - The symposium will feature top executives from over ten companies, discussing themes such as defense spending, aftermarket opportunities, and M&A potential [1] Agenda Highlights - The event will start at 7:30 AM with a welcome and introduction by the Gabelli Funds Team [2] - Notable companies participating include Astronics Corporation, Textron Inc., Moog Inc., HEICO Corporation, and Elbit Systems Ltd., among others, with scheduled presentations throughout the day [2][3] - The agenda includes one-on-one meetings with management, providing attendees with networking opportunities [1]

Core Insights - Horizon Aircraft has achieved a significant milestone by successfully completing one of the world's first fan-in-wing forward transition flights with its large-scale prototype in May 2025, enhancing the credibility of its Cavorite X7 aircraft design [1][5] - The company reported a strong financial position with approximately $17 million in cash, providing sufficient capital to complete its full-scale demonstrator aircraft within the next 18 months [1][5] - Horizon Aircraft is focused on developing a hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft that aims to lead the industry in speed, range, and operational utility [2] Business Update - The year ending May 31, 2025, was pivotal for Horizon Aircraft, marked by advancements in design, technical testing, personnel hires, and funding efforts [1] - The company has made significant progress in its commercialization strategy, resulting in reduced aircraft development costs compared to other eVTOL organizations [5] - Horizon Aircraft has successfully attracted world-class talent to its engineering team, enhancing its capabilities for future development [5] Financial Position - Horizon Aircraft's balance sheet reflects strong liquidity, with over 18 months of operational funding available [5] - The company has secured significant commitments from government agencies for non-dilutive funding grants, further strengthening its financial outlook [5]

Group 1 - Gabelli Funds, LLC is hosting the annual Aerospace & Defense Symposium on September 4, 2025, at The Harvard Club in New York City, focusing on strong demand outlook and high barriers to entry in the industry [1] - The symposium will feature top executives from over ten companies, discussing themes such as large aftermarket opportunities, growth exceeding GDP, defense spending, and M&A potential [1] - Attendees will have the opportunity for one-on-one meetings with management, enhancing networking and investment insights [1] Group 2 - Featured companies at the symposium include AIRO Group Holdings, Elbit Systems, Albany International, Graham Corporation, and several others, indicating a diverse representation within the Aerospace and Defense sector [2] - The event is set to start at 8:30 am, providing a structured schedule for discussions and networking [3]

Core Insights - Horizon Aircraft has received a Natural Sciences and Engineering Research Council (NSERC) of Canada Applied Research and Development grant of $450,000, increasing total NSERC federal funding to over $3.4 million [1][2] - The company is developing one of the world's first hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, with recent successful flight tests of its HOVR wing technology [2][3] - Horizon Aircraft aims to complete testing and certification of its Cavorite X7 eVTOL and scale production to meet demand from various sectors including regional operators and emergency services [3] Funding and Collaboration - The recent NSERC grant is part of a multi-year collaboration with Fleming College and Ontario Tech University, enhancing applied engineering and advanced manufacturing capabilities [1] - The funding is characterized as non-dilutive financing, which is beneficial for the company's expanding shareholder base [2] Technological Development - Horizon Aircraft's eVTOL is designed to operate like a conventional aircraft while providing superior speed, range, and operational utility [3] - The company has successfully conducted the world's first fan-in-wing transition flight, showcasing its innovative technology [2]