New Horizon Aircraft

HOVR

Market cap $128M

New Horizon Aircraft Ltd. is developing a hybrid eVTOL aircraft that combines the aerodynamic efficiency of an airplane with the vertical capabilities of a helicopter. The company follows a dual-use strategy, targeting both civilian and defense applications. HOVR shows strong financial momentum, with a 115% increase in liquidity and a zero-debt capital structure.

The signed purchase agreement for the world-leading engine is a major step toward producing a hybrid eVTOL that will go faster, farther, and be the most efficient in the industry TORONTO, ONTARIO / ACCESS Newswire / October 14, 2025 / 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 the world's first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, announces its purchase of the world-leading PT6A engine from Pratt & Whitney Canada ("Pratt & Whitney"), a leader in propulsion systems, powering the most advanced aircraft in the world.

TORONTO, ONTARIO / ACCESS Newswire / October 10, 2025 / 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 the world's first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, is pleased to announce its first quarter fiscal 2026 results for the three months ended August 31, 2025.

TORONTO, ONTARIO / ACCESS Newswire / October 7, 2025 / 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 hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, announces that management will participate in the following conferences in October: Event: NBAA Business Aviation Convention & Exhibition (NBAA-BACE) 2025 Date: October 14-16, 2025 Location: Las Vegas - Las Vegas Convention Center, West Hall Link: https://nbaa.org/events/2025-nbaa-business-aviation-convention-exhibition-nbaa-bace/ Management of the Company will be available for 1x1 meetings during the conference. Event: Growth Frontiers Americas - New York 2025 Date: October 15-16, 2025 Location: New York City - 3 West Club Link: https://www.growthfrontiersevents.com/conferences/new-york/ Management of the Company will be available for 1x1 meetings during the conference.

TORONTO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (Nasdaq: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), an advanced aerospace engineering company and developer of one of the world's first hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, provides a comprehensive technical progress update.

TORONTO, Aug. 27, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), an advanced aerospace engineering company and developer of one of the world's first hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, today announced that its management team will participate in the following conferences in September: Event: Gabelli Aerospace & Defense Symposium Date: September 4, 2025Location: New York City – The Harvard ClubLink: https://gabelli.com/event/31st-annual-aerospace-defense-symposium/ Management will participate in a fireside chat at 7:45am ET and 1x1 investor meetings. Investors should register at the above link for access to the live fireside chat webcast.

GREENWICH, Conn., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 4th.

TORONTO, Aug. 22, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon” or the “Company”), an advanced aerospace engineering company and developer of one of the world's first hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, today provided its business update and financial results for the fourth quarter and year ended May 31, 2025. Highlights include the following: One of the world's first ever successful fan-in-wing forward transition flights in May 2025 with the Company's large-scale prototype aircraft; Strong balance sheet with 18+ months of liquidity; Efficient approach to commercialization resulting in significantly reduced aircraft development costs relative to other eVTOL organizations; World-class talent acquisition with the additions of Thomas Brassington, Justin Chapman, Andrea Mocellin, and John Wyzykowski to the engineering team; and Significant commitments from government agencies for non-dilutive funding grants.

TORONTO, June 26, 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, announced today that it received notice from The Nasdaq Stock Market that the Company has regained compliance with the Nasdaq Capital Market's minimum bid requirement in Listing Rule 5550(a)(2) and that the matter is now closed. For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel.

TORONTO, 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) aircraft, announces a strategic partnership with MT-Propeller, a global leader in advanced propeller technology, to supply propellers for Horizon's hybrid turbine engine. This collaboration will leverage MT-Propeller's cutting-edge composite propeller expertise, delivering maximum speed, efficiency, and significant noise reduction for the Company's Cavorite X7 in development.