Horizon Aircraft Appoints Tom Brassington as Chief Technology Officer
Horizon Aircraft (NASDAQ: HOVR) has appointed Tom Brassington as Chief Technology Officer, effective late October 2024. Brassington, with 17 years of aerospace systems engineering experience, joins from Lilium where he was Head of System Design Engineering. His expertise in eVTOL development and certification is expected to enhance Horizon's engineering capabilities as they progress with the Cavorite X7, a seven-seat hybrid electric eVTOL.
The Cavorite X7, designed for medevac, business aviation, and commercial cargo sectors, boasts an estimated 5,500 lbs gross weight, 1,500 lbs useful load, 250 mph max speed, and over 500 miles range. Its hybrid electric power system allows for in-flight battery recharging, potentially enabling it to fly 98% of its mission like a traditional aircraft, which Horizon believes will enhance safety and ease certification.
Horizon Aircraft (NASDAQ: HOVR) ha nominato Tom Brassington come Chief Technology Officer, con effetto dalla fine di ottobre 2024. Brassington, con 17 anni di esperienza nell'ingegneria dei sistemi aerospaziali, proviene da Lilium dove era Responsabile dell'Ingegneria del Design dei Sistemi. La sua esperienza nello sviluppo e nella certificazione di eVTOL dovrebbe migliorare le capacità ingegneristiche di Horizon mentre proseguono con il Cavorite X7, un eVTOL ibrido elettrico a sette posti.
Il Cavorite X7, progettato per il medevac, l'aviazione aziendale e i settori del carico commerciale, presenta un peso lordo stimato di 5.500 libbre, un carico utile di 1.500 libbre, una velocità massima di 250 mph e un'autonomia di oltre 500 miglia. Il suo sistema di alimentazione ibrido elettrico consente la ricarica delle batterie in volo, permettendogli di volare il 98% della sua missione come un aeromobile tradizionale, il che, secondo Horizon, migliorerà la sicurezza e faciliterà la certificazione.
Horizon Aircraft (NASDAQ: HOVR) ha nombrado a Tom Brassington como Director de Tecnología, con efecto a finales de octubre de 2024. Brassington, con 17 años de experiencia en ingeniería de sistemas aeroespaciales, se une a la compañía proveniente de Lilium, donde fue Jefe de Ingeniería de Diseño de Sistemas. Se espera que su experiencia en el desarrollo y la certificación de eVTOL mejore las capacidades de ingeniería de Horizon a medida que avanzan con el Cavorite X7, un eVTOL híbrido eléctrico de siete plazas.
El Cavorite X7, diseñado para medevac, aviación de negocios y sectores de carga comercial, cuenta con un peso bruto estimado de 5,500 libras, una carga útil de 1,500 libras, una velocidad máxima de 250 mph y un alcance de más de 500 millas. Su sistema de energía híbrido eléctrico permite la recarga de baterías en vuelo, lo que potencialmente le permite volar el 98% de su misión como una aeronave tradicional, lo que Horizon cree que mejorará la seguridad y facilitará la certificación.
호라이즌 항공(Horizon Aircraft)(NASDAQ: HOVR)은 2024년 10월 말부터 톰 브래싱턴(Tom Brassington)을 최고 기술 책임자로 임명했습니다. 브래싱턴은 17년의 항공 우주 시스템 엔지니어링 경험을 가지고 있으며, 그전에는 리리움(Lilium)에서 시스템 디자인 엔지니어링 책임자로 근무했습니다. eVTOL 개발 및 인증에 대한 그의 전문성은 호라이즌이 Cavorite X7, 7인승 하이브리드 전기 eVTOL을 개발하는 과정에서 엔지니어링 능력을 향상시킬 것으로 기대됩니다.
Cavorite X7은 의료 이송, 비즈니스 항공 및 상업 화물 부문을 위해 설계되었으며, 총 중량은 약 5,500파운드, 유용 하중은 1,500파운드, 최대 속도는 250mph, 항속 거리는 500마일 이상입니다. 하이브리드 전기 동력 시스템은 비행 중 배터리 재충전을 가능하게 하여 전통적인 항공기처럼 임무의 98%를 비행할 수 있도록 하며, 이는 호라이즌이 안전성과 인증 용이성을 향상시킬 것이라고 믿고 있습니다.
Horizon Aircraft (NASDAQ: HOVR) a nommé Tom Brassington au poste de Chief Technology Officer, à compter de fin octobre 2024. Brassington, qui a 17 ans d'expérience en ingénierie des systèmes aérospatiaux, rejoint l'entreprise en provenance de Lilium où il était responsable de l'ingénierie de conception des systèmes. Son expertise en développement et certification de eVTOL devrait renforcer les capacités d'ingénierie d'Horizon alors qu'ils avancent avec le Cavorite X7, un eVTOL hybride électrique à sept places.
Le Cavorite X7, conçu pour les évacuations médicales, l'aviation d'affaires et les secteurs de fret commercial, affiche un poids brut estimé de 5 500 livres, une charge utile de 1 500 livres, une vitesse maximale de 250 mph et une autonomie de plus de 500 miles. Son système de propulsion hybride électrique permet de recharger les batteries en vol, ce qui lui permet potentiellement de voler 98 % de sa mission comme un avion traditionnel, ce qui, selon Horizon, devrait améliorer la sécurité et faciliter la certification.
Horizon Aircraft (NASDAQ: HOVR) hat Tom Brassington zum Chief Technology Officer ernannt, wirksam Ende Oktober 2024. Brassington, der über 17 Jahre Erfahrung in der Luft- und Raumfahrt-Systemtechnik verfügt, kommt von Lilium, wo er Leiter der Systemdesigntechnik war. Seine Expertise in der Entwicklung und Zertifizierung von eVTOL wird voraussichtlich die Ingenieurskompetenzen von Horizon verbessern, während sie mit dem Cavorite X7, einem siebenplätzigen hybriden elektrischen eVTOL, fortfahren.
Der Cavorite X7, der für medizinische Evakuierungen, Geschäftsaviation und den kommerziellen Frachtsektor konzipiert ist, hat ein geschätztes Gesamtgewicht von 5.500 Pfund, eine nützliche Last von 1.500 Pfund, eine Höchstgeschwindigkeit von 250 mph und eine Reichweite von über 500 Meilen. Sein hybrides elektrisches Antriebssystem ermöglicht das Nachladen der Batterien im Flug, was es ihm potenziell ermöglicht, 98% seiner Mission wie ein traditionelles Flugzeug zu fliegen, was Horizon podlekt, die Sicherheit zu erhöhen und die Zertifizierung zu erleichtern.
- Appointment of experienced CTO Tom Brassington from Lilium, bringing valuable eVTOL industry expertise
- Development of Cavorite X7, a hybrid electric eVTOL with potential applications in multiple sectors
- Cavorite X7's design allows for 98% of flight in low-drag configuration, potentially improving safety and certification process
- Hybrid electric power system enables in-flight battery recharging, increasing operational efficiency
- Ongoing testing of 50%-scale aircraft to reduce technical risk in full-scale development
- Cavorite X7 is still in experimental stage, not yet licensed for commercial use
- Entering a crowded eVTOL marketplace with intense competition
Tom Brassington joins from Lilium, bringing significant eVTOL industry experience
TORONTO, Aug. 21, 2024 (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 Tom Brassington has been appointed as Chief Technology Officer.
Tom is the latest in a series of new hires as Horizon Aircraft continues to bolster its engineering team with people who have proven track records in the aerospace sector. Tom joins from Lilium, a leading eVTOL developer, where he held the position of Head of System Design Engineering. He takes up his new role at Horizon Aircraft at the end of October 2024.
Tom has 17 years’ experience working in aerospace systems engineering and his visionary leadership and technical expertise, alongside his extensive experience working in the eVTOL space, will greatly enhance Horizon Aircraft’s engineering team’s capabilities, streamline development processes and drive innovation.
Other skills include additional eVTOL certification expertise ahead of Horizon’s production of the Cavorite X7, a piloted seven-seat hybrid electric eVTOL. The aircraft has been developed in response to demand from potential customers in the medevac, business aviation and commercial cargo sectors.
Brandon Robinson, CEO of Horizon Aircraft, said: “We are thrilled to welcome Tom to our team of visionary and highly talented engineers. Tom’s experience is rare – he has seen firsthand the challenges associated with eVTOL aircraft development and certification - and we feel very fortunate that he has placed his confidence in Horizon Aircraft. His experience will be invaluable as we continue the design, production, and testing of our Cavorite X7 aircraft.
Tom Brassington commented: “The eVTOL sector is a very crowded marketplace. As it develops it is becoming clearer which companies are likely to succeed, and Horizon Aircraft is one of those few companies that maintains a strict operational focus, has a realistic concept that will work with current technology, and has built a highly experienced team that can deliver. This is an exciting period in the company’s growth, and I am very much looking forward to being part of this.”
Horizon Aircraft’s Cavorite X7 aircraft will have a gross weight of an estimated 5,500 lbs with a projected useful load of 1,500 lbs. With an estimated maximum speed of 250 miles per hour and an average range of over 500 miles with fuel reserves, Horizon believes that this experimental aircraft, if eventually licensed for commercial use, would be well-positioned to excel in medical evacuation, critical supply delivery, disaster relief, and special military missions. The Company believes that the proposed aircraft would also be attractive for Regional Air Mobility – moving people and cargo 50 to 500 miles.
Unlike many in its category, the Cavorite X7 is being designed with a hybrid electric power system. The Company is designing the Cavorite X7 such that it could, after its vertical takeoff, re-charge its batteries enroute when it is flying in a configuration like a traditional aircraft. After a vertical landing and completion of a mission, the Company is designing the Cavorite X7 to recharge its battery array in under 30 minutes to be ready for its next mission.
Horizon believes that its innovative approach and technology will allow the Cavorite X7 to fly
About Horizon Aircraft
Horizon Aircraft (Nasdaq: HOVR) is an advanced aerospace engineering company that is developing one of the world’s first hybrid eVTOL that is to be able to fly most of its mission exactly like a traditional aircraft while offering industry-leading speed, range, and operational utility. Horizon’s unique designs put the mission first and prioritize safety, performance, and utility. Horizon hopes to successfully complete testing and certification of its Cavorite X7 eVTOL quickly and then enter the market and service a broad spectrum of early use cases. Visit www.horizonaircraft.com for more information.
Forward-Looking Statements
The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the ability of the parties to recognize the benefits of the business combination agreement and the business combination; (iv) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (v) statements regarding Horizon’s industry and market size; (vi) financial condition and performance of Horizon, including the anticipated benefits, the implied enterprise value, the expected financial impacts of the business combination, the financial condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon; (vii) Horizon’s ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (viii) successful completion of testing and certification of Horizon’s Cavorite X7 eVTOL; (ix) the targeted future production of Horizon’s Cavorite X7 aircraft; and (x) those factors discussed in our filings with the SEC. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of our Annual Report on Form 10-K filed with the SEC on March 28, 2024 and other documents to be filed by New Horizon from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward- looking statements, and while Horizon may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. Horizon does not give any assurance that Horizon will achieve its expectations.
Contacts
Horizon Aircraft Inquiries (PR):
Phil Anderson
Phone: +44 (0)7767 491 519
Phil@perceptiona.com
Investor Contacts:
Shannon Devine and Rory Rumore
MZ Group
Phone: (203) 741-8841
HorizonAircraft@mzgroup.us
FAQ
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