Welcome to our dedicated page for New Horizon Aircraft Ltd. news (Ticker: HOVR), a resource for investors and traders seeking the latest updates and insights on New Horizon Aircraft Ltd. stock.
New Horizon Aircraft Ltd, trading under the symbol HOVR, is a pioneering aerospace Original Equipment Manufacturer focused on the development of next-generation hybrid electric vertical take-off and landing (eVTOL) aircraft. The company's flagship project, the Cavorite X7, is a 7-seat hybrid electric aircraft designed for regional air mobility. This innovative aircraft aims to revolutionize transportation by providing efficient and eco-friendly solutions for moving people and goods over regional distances.
Horizon Aircraft's cutting-edge technology not only facilitates easy connection of remote communities but also enhances emergency response capabilities to climate-related natural disasters such as wildfires, floods, and droughts. The Cavorite X7 is designed to take off and land vertically, similar to a helicopter, while flying efficiently like a traditional aircraft during its mission phases. This unique capability ensures superior speed, range, and operational utility.
Recently, Horizon Aircraft commissioned market research to survey 200 senior private equity, venture capital, and family office professionals across the globe, capturing insights on the eVTOL market. Results from this survey indicate strong investor interest and optimism towards the future of eVTOL technology.
Financially, Horizon Aircraft maintains robust partnerships and continues to secure strategic investments to fuel its goals. For instance, the company recently participated in the EF Hutton Annual Global Conference, showcasing its prospects to a wide array of investors and industry stakeholders.
Horizon Aircraft is committed to advancing aerospace engineering, with a focus on safety, performance, and utility. As they work towards the successful testing and certification of the Cavorite X7, the company aims to introduce this transformative technology to various market segments, addressing early use cases and setting new standards in the aerospace industry.
For more information, visit Horizon Aircraft.
New Horizon Aircraft (NASDAQ: HOVR) has published global research indicating a potential increase in small- and micro-cap stock allocations from both institutional and retail investors over the next 6-12 months. The study, involving fund managers with $82.4 billion in assets under management, reveals that 76% expect increased institutional exposure to small and micro-caps, with 34% anticipating a 25% or greater increase. For retail investors, 83% of fund managers predict increased allocations, with 52% expecting over 25% growth.
The research also highlights that about one-third of fund managers consider current exposure to small and micro-caps as underweight for both institutional and retail investors. Horizon Aircraft's CEO, Brandon Robinson, suggests that anticipated interest rate cuts and improving market conditions may drive this shift towards smaller cap stocks, which often offer higher growth potential during economic rebounds.
Horizon Aircraft (NASDAQ: HOVR), a pioneer in hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft, has announced its participation in the Farnborough International Airshow 2024. The event, scheduled for July 22-26, 2024, in Farnborough, England, is a premier aerospace and defense industry gathering.
The airshow offers unparalleled opportunities to explore cutting-edge technology, forge partnerships, and collaborate on sustainable aerospace initiatives. Horizon's management team will be available for meetings throughout the event, providing a platform for potential investors and industry partners to engage with the company.
Held biennially, the Farnborough Airshow is a global hub for aerospace innovation, networking, and business development. Horizon's presence at this prestigious event underscores its commitment to advancing eVTOL technology and expanding its industry footprint.
Horizon Aircraft (NASDAQ: HOVR) has appointed Phil Kelly as Senior Vice President Business Development. Phil Kelly, a veteran Harrier Jump Jet pilot and former Head of Aircraft Development for the UK Royal Navy and Royal Marines, brings four decades of aerospace experience to Horizon. His expertise in VTOL aircraft will be instrumental as Horizon progresses with the development of its Cavorite X7, a hybrid electric eVTOL with a seven-seat capacity. The Cavorite X7 aims to revolutionize sectors such as regional mobility and medical services with its high speed (250 mph) and long range (500 miles). Horizon continues testing its 50%-scale model, reducing technical risks before full-scale production.
Horizon Aircraft, a leading developer of hybrid electric Vertical TakeOff and Landing (eVTOL) aircraft, will participate in the 2nd Annual Jefferies eVTOL / AAM Summit.
The event will take place on May 30, 2024, at 9:10am Eastern Time. Horizon Aircraft's management team will engage in a virtual fireside chat and will be available for one-on-one meetings.
Investors can contact Jefferies representatives or Horizon Aircraft’s Investor Relations to schedule meetings. The fireside chat will be live-streamed, with a replay available on the company’s investor relations website.
Horizon Aircraft, a leading eVTOL aircraft developer, provided an update on the technical flight testing progress of its large-scale prototype eVTOL aircraft. The company continues to make significant strides in its transition flight testing program and has begun full-scale propulsion unit production. The patented yaw control system and HOVR Wing technology have been validated, enabling precise hover and performance in strong crosswinds. The company's Cavorite X7 eVTOL design is on track for completion and testing in 2026, promising to fly faster and carry more cargo than competitors.
Horizon Aircraft, a leading eVTOL aircraft developer, will participate in the EF Hutton Annual Global Conference on May 15, 2024. The management team will be available for meetings, showcasing the company's latest developments. Investors can schedule meetings through Investor Relations.
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