New Horizon Aircraft (HOVR) Issues Corporate Update

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Horizon Aircraft Provides Corporate Update

April 16, 2024 8:30 AM EDT

~ Substantive Progress in the Transition to Forward Flight Test Program of the Companys Large-Scale Prototype eVTOL Aircraft ~

~ Continuing Detailed Design of the Full-Scale Cavorite X7 Hybrid eVTOL Aircraft, on Track for Completion and Testing in 2026 ~

~ Successful Completion of the Business Combination in January 2024 that Provided Proceeds to Continue Hybrid eVTOL Development ~

TORONTO, April 16, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (Horizon or the Company), a leading hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft developer, today... More