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]

Core Viewpoint - Horizon Aircraft has appointed John Wyzykowski as a Technical Expert to enhance its engineering team and support the development of its hybrid-electric eVTOL, the Cavorite X7, leveraging his extensive experience in aerospace propulsion systems [1][2][4]. Company Developments - John Wyzykowski joins Horizon Aircraft from Lilium, where he was Head of Propulsion, bringing decades of experience in advanced aerospace propulsion [2][3]. - The Cavorite X7 is designed to have a gross weight of approximately 5,500 lbs and a useful load of 1,500 lbs, with a maximum speed of 250 miles per hour and an average range exceeding 500 miles [4][5]. Technical Innovations - The Cavorite X7 will utilize a hybrid electric power system that allows for in-flight battery recharging, enabling it to fly 98% of its mission in a low-drag configuration similar to traditional aircraft [5][6]. - The aircraft is designed to recharge its battery array in under 30 minutes after completing a mission, enhancing operational readiness for subsequent flights [5][6]. Market Positioning - Horizon Aircraft aims to position the Cavorite X7 for various applications, including medical evacuation, critical supply delivery, disaster relief, and regional air mobility, targeting distances between 50 to 500 miles [4][6]. - The company believes that its innovative approach will facilitate easier certification compared to other eVTOL designs, potentially leading to quicker market entry [6][8].

Company Overview - Horizon Aircraft is a leading developer of hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, focusing on safety, performance, and operational utility [3]. Compliance Status - Horizon Aircraft has regained compliance with Nasdaq Listing Rule 5550(b), allowing its shares to remain listed on the Nasdaq Capital Market [1]. - The company has been granted an additional 180 calendar days, until July 14, 2025, to comply with Listing Rule 5550(a)(2) regarding bid price [2].

Core Insights - Horizon Aircraft has signed a Letter of Intent with Discovery Air Chile Ltda. to lease five Cavorite X7 eVTOLs, with deliveries expected in 2028, marking a significant expansion into the South American market [1] - The Cavorite X7 is designed to provide a cost-effective alternative to traditional helicopters, boasting nearly double the speed and over 75% lower operating costs on a per-mile basis compared to conventional helicopters [1][2] Company Overview - Horizon Aircraft is an advanced aerospace engineering company focused on developing hybrid eVTOL aircraft that aim to perform missions similar to traditional aircraft while offering superior speed, range, and operational utility [2] - The company's unique designs prioritize safety, performance, and utility, positioning it as a leader in the emerging eVTOL market [2]

Company Overview - New Horizon Aircraft Ltd. (NASDAQ: HOVR), operating as Horizon Aircraft, is a leading developer of hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft [1][2] - The company is focused on creating one of the world's first hybrid eVTOL aircraft designed to perform missions similar to traditional aircraft while offering superior speed, range, and operational utility [2] Recent Developments - Horizon Aircraft announced the exercise of 2.5 million warrants, generating approximately $2.7 million in gross proceeds [1] - This capital infusion follows a recent strategic investment of $8.4 million, totaling $11.1 million raised in the last 30 days [1][2] - The CEO, Brandon Robinson, emphasized the simplification of the capital structure and strengthening of the balance sheet to support the development of a full-scale, 7-person hybrid eVTOL aircraft [2] Market Position and Future Outlook - The company is encouraged by the increasing interest and support for practical and safe aircraft designs, indicating a positive outlook for 2025 [2] - Horizon Aircraft prioritizes safety, performance, and utility in its unique designs, positioning itself favorably in the aerospace engineering sector [2]

Core Insights - Horizon Aircraft has secured an investment of $8.4 million from a strategic investor to enhance its balance sheet and support the development of its hybrid eVTOL, the Cavorite X7 [1][4][7] Company Overview - Horizon Aircraft is developing one of the world's first hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft, aiming to achieve industry-leading speed, range, and operational utility [2] - The company prioritizes safety, performance, and utility in its unique designs, with plans to complete testing and certification of the Cavorite X7 eVTOL swiftly [2] Investment Details - The investment includes $2.1 million for 4,166,667 Class A ordinary shares at $0.50 CAD per share and $6.3 million for 4,500 preferred shares, convertible to common shares at $0.63 CAD per share over five years [4] - The preferred shares will have a priority liquidation preference over the common shares [4] Future Development - The funding will support further development and flight testing of the Cavorite X7, ensuring the company is on solid footing for its initiatives [1][7] - The company aims to register the common shares with the U.S. Securities and Exchange Commission within 90 days [4]

Company Overview - Horizon Aircraft is a leading developer of hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, focusing on safety, performance, and utility in its designs [3] - The company aims to complete testing and certification of its Cavorite X7 eVTOL quickly to enter the market and serve a broad spectrum of early use cases [3] Upcoming Events - Horizon Aircraft's CEO Brandon Robinson and COO Jason O'Neill will participate in the 13th Annual Roth Technology Conference on November 19-20, 2024, in New York City [1] - The management team will conduct one-on-one and small group meetings on November 20 [1]