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].

This agreement represents Horizon Aircraft’s first major hardware commitment for the full-scale production aircraft, marking a pivotal milestone in the Company’s transition from prototype to real-world implementationTORONTO, June 13, 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 the world’s first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraf ...

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 achieved a significant technical milestone by successfully completing the full wing transition of its Cavorite X7 eVTOL aircraft, marking it as the first aircraft in the world to do so using a novel fan-in-wing design [1][2]. 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 [4]. - The company intends to complete testing and certification of the Cavorite X7 eVTOL and scale production to meet anticipated demand from regional operators, emergency service providers, and military customers [4]. Technical Achievements - The Cavorite X7 utilizes patented fan-in-wing technology, which simplifies the transition phase of flight, enhancing safety and stability compared to competitors that face challenges in this area [2]. - The aircraft is projected to achieve enroute speeds of up to 250 mph and operational ranges exceeding 500 miles with fuel reserves, positioning it as a potential disruptor in the Regional Air Mobility (RAM) market [2]. Future Plans - Horizon Aircraft is currently constructing a full-scale, piloted technical demonstrator to further validate its innovative approach and technology [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].

Company Overview - Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company developing one of the world's first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, designed to operate like a normal aircraft while providing industry-leading speed, range, and operational utility [2] - The company aims to complete testing and certification of its Cavorite X7 eVTOL quickly to enter the market and service a broad spectrum of early use cases [2] Upcoming Events - Horizon Aircraft management will participate in several investor conferences, including the Planet MicroCap Showcase in Las Vegas on April 23-24, 2025, where CEO Brandon Robinson will present and conduct one-on-one meetings [4] - The company will also participate in the Trickle Research Microcap Conference in Denver on April 28, 2025, with Mr. Robinson delivering a presentation and participating in a Q&A session [4] Technology and Innovation - Horizon Aircraft's unique designs prioritize mission, safety, performance, and utility, positioning the company as a leader in the emerging eVTOL market [2]