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 ...

Core Viewpoint - Horizon Aircraft has provided significant technical updates on the Cavorite X7, focusing on enhancements in safety, aerodynamics, and cruise performance, as part of its commitment to developing a leading hybrid-electric VTOL aircraft [1][5]. Design and Engineering Updates - The Cavorite X7 features a total of 12 vertical lift fans, with a redesign that replaces four smaller canard fans with two larger wing-size fans, improving manufacturing efficiency and performance while maintaining safety [3]. - Aerodynamic improvements have been made to the canard and tails to reduce drag, enhance cruise efficiency, and improve stability [4]. - The cabin has been slightly extended, and windows redesigned to provide more legroom and better sightlines, enhancing passenger comfort [4]. Collaboration and Expertise - The refined design of the Cavorite X7 is a result of collaboration between Horizon Aircraft's engineering team and renowned mobility designer Andrea Mocellin, aimed at optimizing performance and safety [2]. Company Vision and Future Plans - Horizon Aircraft aims to build one of the safest and most performant modern VTOL aircraft, with these updates furthering that mission [5]. - The company plans to scale unit production of the Cavorite X7 to meet anticipated demand from regional operators, emergency service providers, and military customers upon successful testing and certification [6].

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 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 - Datavault AI Inc. has signed a memorandum of understanding with Korea Aerospace University to enhance education, research, and global collaboration in aerospace credentialing, impacting both Korea and the global aviation sector [1][2][4] Company Overview - Datavault AI is a leader in AI-driven data visualization, valuation, and monetization, with a focus on creating secure, real-time data exchanges and digital twins for various industries, including aerospace [1][6] - The company has made significant investments, including a $150 million investment in a supercomputer to advance independent data exchanges and digital twin markets, supported by a partnership with IBM [2][6] Partnership Details - The collaboration with KAU aims to develop advanced credentialing solutions for pilots, leveraging Datavault AI's VerifyU platform for real-time identity verification and machine aptitude assessments [4][6] - KAU, established in 1952, specializes in aerospace engineering and innovation, preparing students for a data-driven future in the aerospace industry [2][9] Technological Advancements - Datavault AI's patented platform, integrated with IBM WatsonX, enables the creation of digital twins that enhance performance simulations for aerospace applications, contributing to safer and smarter flight operations [3][6] - The partnership will also focus on joint research in quantum supercomputing and digital twins to optimize aerospace designs and improve human-machine interfaces [6][7] Market Context - The global private aviation market has seen a year-over-year demand increase of 3.8% in 2025, with North America leading at 5.2% growth, indicating a robust market for the services offered by Datavault AI and KAU [6][7]

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].