TORONTO, May 20, 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) aircraft, announces that management will present at the Jefferies eVTOL/AAM Summit being held virtually on Wednesday, May 28, 2025. Additionally, management of the Company will be available for 1x1 meetings during the conference. Investors can click here to watch the live presentation webcast at 10am ET on May 28, 2025. A replay will be available for 30 days on the Company's website following conclusion of

~ Horizon Aircraft's unique Cavorite X7 eVTOL becomes the first aircraft in the world to achieve a stable transition using a novel fan-in-wing design ~ TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ:HOVR), doing business as Horizon Aircraft, an advanced aerospace engineering company and developer of one of the world's first hybrid eVTOL aircraft, announces that it has achieved full wing transition of its large-scale prototype aircraft. "Today we join a very small group of companies worldwide that have achieved this critical technical milestone," said Brandon Robinson, CEO and co-founder of Horizon Aircraft. "From the beginning, we have focused on innovations that

TORONTO, May 07, 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 operationally-focused hybrid-eVTOL (electric Vertical Take-Off and Landing) aircraft, announced today that Justin Chapman will be supporting the Company in a senior advisory capacity, contributing his extensive expertise to the technical development of aircraft systems, including electronics, batteries, and electric propulsion. Mr. Chapman brings decades of engineering leadership and deep domain knowledge to Horizon Aircraft. Widely regarded as an expert in

TORONTO, April 09, 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 the world's first eVTOL (electric Vertical Take-Off and Landing) that can fly most of its mission exactly like a normal aircraft, announced today that management will participate in the following upcoming investor conferences: Planet MicroCap Showcase: VEGAS 2025, April 23-24, 2025, Las Vegas: CEO Brandon Robinson will deliver an investor presentation at 3pm PST on Wednesday, April 23, that will be available via webcast and, along with CFO Brian Merker, will conduct one-on-one in

John Wyzykowski joins from Lilium, bringing significant eVTOL technical experience TORONTO, Feb. 12, 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 the world's first eVTOL (electric Vertical Take-Off and Landing) that can fly most of its mission exactly like a normal aircraft, today announces that John Wyzykowski has been appointed as a Technical Expert. Horizon Aircraft today announced that John Wyzykowski has joined the company as a Technical Expert to support the development of its propulsion systems. John is the latest in a series of new h

TORONTO, Ontario, Jan. 27, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical Take-Off and Landing ("eVTOL") aircraft developer, announced today that it has received written notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Listing Rule 5550(b), satisfying the Equity Standard in Listing Rule 5550(b)(1). As a result, the Company's shares will remain listed on the Nasdaq Capital Market. In addition, as it relates to Listing Rule 5550(a)(2) (the "Bid Price Rule"), the S

~ Horizon Aircraft Will Deliver 5 Cavorite X7s in 2028 ~ ~ The Cavorite X7 Provides a Cost-Effective Alternative to Traditional Helicopters with Twice the Speed and up 75% Lower Operating Costs ~ TORONTO, Jan. 10, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical Take-Off and Landing ("eVTOL") aircraft developer, announced today it has signed a Letter of Intent ("LOI") with Discovery Air Chile Ltda., a leading Chilean helicopter operator to lease five Cavorite X7 eVTOLs with a projected delivery timeline of 2028. The addition of this unique eVTOL aircraft w

~ Further Secures Balance Sheet, This Second Capital Infusion in Last 30 Days Totals $11.1 Million ~ TORONTO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical Take-Off and Landing ("eVTOL") aircraft developer, announced today the exercise of 2.5 million warrants for gross proceeds of approximately $2.7 million. This additional working capital follows the Company's recent announcement of a strategic investment of $8.4 million, totaling $11.1 million of capital infusion in the last 30 days. Brandon Robinson, CEO and Co-founder of Horizon Aircraft, state

~ Deepens Investor's Dedication to Horizon Aircraft Supporting Continued Operations and Development ~ TORONTO, Dec. 20, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today it has received an investment from a strategic investor (the "Investor") and aerospace supporter, for aggregate proceeds of $8.4 million (the "Investment"). The strategic financing will fortify Horizon Aircraft's balance sheet, provide stability in the operations, governance and regulatory priorities, and fund further development and

~ Expects to Record a Gain of ~$20-25 Million in its Second Quarter from the Termination of the FPA ~ ~ The Removal of the Financing Structure Further Eliminates SPAC Overhang ~ TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ:HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), a leading hybrid electric Vertical TakeOff and Landing ("eVTOL") aircraft developer, announced today the signing of a mutual termination agreement (the "Termination Agreement") with Meteora Capital Partners, LP ("Meteora") of the previous forward purchase agreement ("Forward Purchase Agreement" or "FPA"), entered into in August of 2023, ahead of the SPAC mer