BEAVERTON, Ore., Oct. 01, 2025 (GLOBE NEWSWIRE) -- via IBN -- Datavault AI Inc. (NASDAQ: DVLT), a leader in AI-driven data visualization, valuation, and monetization, today announced it has signed a memorandum of understanding with Korea Aerospace University (KAU) to drive education, research, and global collaboration in aerospace credentialing, with implications for both Korea and global aviation. Goyang, South Korea-based KAU excels in aerospace engineering and innovation. Since its founding in 1952, KAU ...

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 - 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]

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 is an advanced aerospace engineering company developing one of the world's first hybrid eVTOL aircraft, the Cavorite X7, which aims to combine the operational characteristics of traditional aircraft with enhanced speed, range, and utility [3]. Group 1: Company Overview - Horizon Aircraft is publicly traded on NASDAQ under the ticker HOVR and focuses on innovative aerospace solutions [3]. - The company prioritizes safety, performance, and utility in its aircraft designs, intending to meet the needs of regional operators, emergency service providers, and military customers [3]. Group 2: Upcoming Events - Management will present at the Jefferies eVTOL/AAM Summit on May 28, 2025, and will be available for one-on-one meetings during the conference [1]. - A live presentation webcast will be available for investors at 10 am ET on the same day, with a replay accessible for 30 days afterward [2].

Core Viewpoint - Horizon Aircraft has appointed Justin Chapman to a senior advisory role to enhance the technical development of its hybrid eVTOL aircraft, the Cavorite X7, leveraging his extensive expertise in aerospace engineering and electric propulsion systems [1][2][3]. Company Overview - Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company focused on developing one of the world's first hybrid eVTOL aircraft, designed to operate like a conventional plane while offering superior speed, range, and operational utility [5]. - The company aims to complete testing and certification of the Cavorite X7 quickly to enter the market and address a wide range of early use cases [5]. Key Personnel - Justin Chapman brings decades of engineering leadership and expertise in electric propulsion and energy systems, having previously held senior roles at Rolls-Royce [2]. - His involvement is expected to strengthen Horizon's technical team and de-risk the development of the Cavorite X7, contributing to the goal of producing a safe and reliable full-size demonstrator [3]. Project Focus - The Cavorite X7 project is characterized by its innovative design aimed at real-world performance, safety, and practicality [3]. - The company emphasizes a mission-first approach, prioritizing safety and utility in its aircraft designs [5].

Milestone Draws Attention from Government Stakeholders, Industry Leaders, and Defense and Commercial Interests as UAV Corp Accelerates Toward Deployment Listen to Audio Overview: Stream Advancements in Aerospace Technology_ The DART SA-70 Airship's Role in National Security and Disaster WEWAHITCHKA, Fla., April 24, 2025 (GLOBE NEWSWIRE) -- UAV Corp. (OTC: UMAV) today announced the successful completion of its DART SA-70 airship inflation test at its Wewahitchka, Florida facility—marking the first of three m ...