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]

~ Applied Research and Development Grant Brings Total NSERC Federal Funding to More Than $3.4M ~ TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (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 Vertical Take-Off and Landing (eVTOL) aircraft, today announced that, together with its collaboration partners, it has received a Natural Sciences and Engineerin ...

Core Viewpoint - Horizon Aircraft and ZeroAvia are collaborating to develop regional hydrogen-electric VTOL air travel, marking a significant step towards zero-emission aviation [1][2]. Company Overview - Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company focused on developing hybrid eVTOL aircraft, specifically the Cavorite X7, which aims to combine the operational characteristics of traditional aircraft with advanced speed and range capabilities [6]. Partnership Details - The partnership will explore the integration of ZeroAvia's ZA600 hydrogen-electric powertrain into Horizon Aircraft's Cavorite X7, aiming to establish a zero-emission pathway for regional air mobility [2][4]. - The collaboration will also focus on researching the necessary infrastructure and certification guidelines to support this initiative [2]. Leadership Insights - Brandon Robinson, CEO of Horizon Aircraft, expressed confidence in ZeroAvia's hydrogen-electric propulsion systems and their potential to enhance regional air mobility, emphasizing the importance of clean and efficient air travel solutions [3]. - Val Miftakhov, CEO of ZeroAvia, highlighted the growing interest in hydrogen-electric propulsion among eVTOL companies, noting Horizon Aircraft's successful prototype testing and leadership in exploring hydrogen as a propulsion option [4]. Future Aspirations - Horizon Aircraft aims to complete testing and certification of the Cavorite X7 and scale production to meet anticipated demand from various sectors, including regional operators and emergency services [6].

Core Viewpoint - Horizon Aircraft has regained compliance with Nasdaq's minimum bid requirement, indicating a positive development for the company and its stock listing status [1]. Company Overview - Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company focused on developing one of the world's first hybrid eVTOL aircraft, which aims to operate like a conventional aircraft while providing superior speed, range, and operational utility [3]. - The company is working on the Cavorite X7 eVTOL, with plans to complete testing and certification before scaling production to meet anticipated demand from regional operators, emergency service providers, and military customers [3].

Core Viewpoint - Horizon Aircraft announces a strategic collaboration with renowned mobility designer Andrea Mocellin to enhance the design and aesthetics of the Cavorite X7 hybrid-electric eVTOL aircraft, aiming to set a new benchmark in the industry for performance and visual appeal [1][5]. Company Overview - Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company developing one of the world's first hybrid eVTOL aircraft, designed to operate like a conventional aircraft while offering superior speed, range, and operational utility [7]. - The company focuses on safety, performance, and utility in its unique designs, with plans to complete testing and certification of the Cavorite X7 and scale production to meet demand from various sectors including regional operators and military customers [7]. Collaboration Details - Andrea Mocellin, known for his work in aviation and automotive design, will refine the Cavorite X7's design, ensuring it is both technologically advanced and visually iconic [2][5]. - The collaboration aims to integrate functionality with aesthetics, enhancing efficiency, aerodynamics, and user experience, while the interior will be adaptable for multiple configurations [3][5]. Development Goals - The Cavorite X7 is designed for high performance, long-range capabilities, and operational flexibility, representing a significant advancement in hybrid-electric aviation [3]. - The partnership with Mocellin is expected to elevate the aircraft's design and reinforce Horizon Aircraft's commitment to innovation in eVTOL technology [4].

Core Insights - Horizon Aircraft has entered a strategic partnership with MT-Propeller to supply propellers for its hybrid eVTOL aircraft, marking a significant step in the company's transition from prototype to full-scale production [1][2][3] - The collaboration aims to enhance the performance of Horizon's Cavorite X7 aircraft by leveraging MT-Propeller's advanced composite technology, focusing on speed, efficiency, and noise reduction [2][3] - This partnership is crucial for Horizon Aircraft as it accelerates the journey towards certification and production readiness, positioning the company to transform regional air mobility [3] Company Overview - Horizon Aircraft is developing one of the world's first hybrid eVTOL aircraft, designed to operate like a conventional aircraft while offering superior speed, range, and operational utility [5] - The company aims to complete testing and certification of the Cavorite X7 eVTOL and scale production to meet anticipated demand from regional operators, emergency services, and military customers [5]