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Horizon Aircraft Achieves Historic Transition to Forward Flight

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Horizon Aircraft (NASDAQ: HOVR) has achieved a significant milestone with its Cavorite X7 eVTOL aircraft, becoming the first to accomplish a stable transition using fan-in-wing design. The company's patented technology combines modern electric motors and batteries to create a simplified and safer eVTOL system. The hybrid electric aircraft is projected to reach speeds of up to 250 mph and cover operational ranges exceeding 500 miles with fuel reserves.

Unlike competitors using complicated multi-copter rotating nacelles or heavy tilt-wing mechanisms, Horizon's design features multiple redundancy layers and a simpler transition mechanism. The company is currently constructing a full-scale, piloted technical demonstrator to further validate their approach.

[ "First aircraft worldwide to achieve stable transition using fan-in-wing design", "Patented technology offers simpler and safer flight mechanism compared to competitors", "Impressive projected performance: 250 mph speed and 500+ mile range", "Multiple layers of redundancy for enhanced safety", "Full-scale piloted demonstrator under construction for further validation" ]

Horizon Aircraft (NASDAQ: HOVR) ha raggiunto un traguardo importante con il suo velivolo Cavorite X7 eVTOL, diventando il primo a realizzare una transizione stabile utilizzando il design fan-in-wing. La tecnologia brevettata dall'azienda combina motori elettrici moderni e batterie per creare un sistema eVTOL più semplice e sicuro. Il velivolo ibrido elettrico è previsto raggiungere velocità fino a 250 mph e coprire distanze operative superiori a 500 miglia con riserve di carburante.

A differenza dei concorrenti che utilizzano complicati rotori multi-copter o pesanti meccanismi tilt-wing, il design di Horizon si caratterizza per molteplici livelli di ridondanza e un meccanismo di transizione più semplice. Attualmente l'azienda sta costruendo un dimostratore tecnico a grandezza naturale e pilotato per convalidare ulteriormente il proprio approccio.

Horizon Aircraft (NASDAQ: HOVR) ha alcanzado un hito significativo con su aeronave Cavorite X7 eVTOL, convirtiéndose en la primera en lograr una transición estable utilizando el diseño fan-in-wing. La tecnología patentada de la compañía combina motores eléctricos modernos y baterías para crear un sistema eVTOL más sencillo y seguro. Se proyecta que la aeronave híbrida eléctrica alcance velocidades de hasta 250 mph y cubra rangos operativos superiores a 500 millas con reservas de combustible.

A diferencia de los competidores que usan complicados rotores multi-cóptero o pesados mecanismos de ala basculante, el diseño de Horizon presenta múltiples capas de redundancia y un mecanismo de transición más simple. Actualmente, la empresa está construyendo un demostrador técnico a escala real y pilotado para validar aún más su enfoque.

호라이즌 에어크래프트(NASDAQ: HOVR)Cavorite X7 eVTOL 항공기로 팬 인 윙(fan-in-wing) 디자인을 사용하여 안정적인 전환을 달성한 최초의 회사가 되는 중요한 이정표를 세웠습니다. 회사의 특허 기술은 최신 전기 모터와 배터리를 결합하여 더 간단하고 안전한 eVTOL 시스템을 만듭니다. 이 하이브리드 전기 항공기는 최대 250 mph의 속도와 연료 예비를 포함해 500마일 이상의 운항 거리를 달성할 것으로 예상됩니다.

복잡한 다중 로터 회전 나셀이나 무거운 틸트 윙 메커니즘을 사용하는 경쟁사와 달리, 호라이즌의 디자인은 다중 중복 계층과 더 간단한 전환 메커니즘을 특징으로 합니다. 회사는 현재 전체 크기의 조종사 탑승 기술 시연기를 제작 중이며, 이를 통해 접근 방식을 추가로 검증할 예정입니다.

Horizon Aircraft (NASDAQ : HOVR) a franchi une étape importante avec son avion Cavorite X7 eVTOL, devenant le premier à réaliser une transition stable grâce à un design fan-in-wing. La technologie brevetée de l'entreprise combine des moteurs électriques modernes et des batteries pour créer un système eVTOL simplifié et plus sûr. Cet avion électrique hybride devrait atteindre des vitesses allant jusqu'à 250 mph et couvrir des distances opérationnelles supérieures à 500 miles avec des réserves de carburant.

Contrairement à ses concurrents qui utilisent des nacelles rotatives multi-rotors complexes ou des mécanismes d'aile basculante lourds, le design d'Horizon intègre plusieurs niveaux de redondance et un mécanisme de transition plus simple. L'entreprise construit actuellement un démonstrateur technique piloté à échelle réelle pour valider davantage son approche.

Horizon Aircraft (NASDAQ: HOVR) hat mit seinem Cavorite X7 eVTOL-Flugzeug einen bedeutenden Meilenstein erreicht und ist das erste Unternehmen, das einen stabilen Übergang mit dem Fan-in-Wing-Design geschafft hat. Die patentierte Technologie des Unternehmens kombiniert moderne Elektromotoren und Batterien, um ein vereinfachtes und sichereres eVTOL-System zu schaffen. Das hybride Elektroflugzeug soll Geschwindigkeiten von bis zu 250 mph erreichen und Betriebsreichweiten von über 500 Meilen mit Kraftstoffreserven abdecken.

Im Gegensatz zu Wettbewerbern, die komplizierte Multi-Kopter drehbare Gondeln oder schwere Tilt-Wing-Mechanismen verwenden, verfügt das Design von Horizon über mehrere Redundanzebenen und einen einfacheren Übergangsmechanismus. Das Unternehmen baut derzeit einen vollmaßstäblichen, bemannten technischen Demonstrator, um seinen Ansatz weiter zu validieren.

Positive
  • None.
Negative
  • Technology still in prototype phase, not yet commercially proven
  • Full-scale demonstrator testing pending completion

Insights

Horizon Aircraft's transition achievement validates their fan-in-wing eVTOL design, marking a crucial milestone in a technically challenging area.

Horizon Aircraft's successful transition of their Cavorite X7 prototype represents a critical technical breakthrough in eVTOL development. The transition phase between hover and forward flight is where most eVTOL designs face their greatest aerodynamic challenges, and many competing programs have struggled significantly with this hurdle.

Their patented fan-in-wing approach presents substantial advantages over alternative configurations. Unlike tilt-rotor designs (which require complex mechanical systems to rotate entire propulsion units) or tilt-wing mechanisms (which move the entire wing structure), the fan-in-wing system embeds lift fans directly within the wing that can be covered during forward flight. This architecture eliminates numerous mechanical complexities, reducing weight, maintenance requirements, and potential failure points.

The hybrid-electric propulsion system is particularly noteworthy. With projected cruise speeds of 250 mph and operational ranges exceeding 500 miles, the performance significantly outpaces pure-electric competitors typically limited to 100-150 mile ranges due to battery energy density constraints. This positions the Cavorite X7 for the Regional Air Mobility (RAM) market rather than just urban applications.

The reference to "multiple layers of redundancy" indicates robust safety engineering, which will be crucial for certification. The company's characterization of the transition as a "non-event" suggests exceptional stability during this critical flight phase, which directly translates to safety benefits.

The progression from large-scale prototype to the full-scale piloted demonstrator currently under construction follows the typical aerospace development sequence, with each stage validating key technologies before increasing investment in larger platforms.

~ 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 make the most operational sense with the best available technology. We are looking forward to proving this next on our full-scale, piloted technical demonstrator that is currently under construction.”

“This incredible achievement validates our unique and robust approach to the transition phase of flight,” said Brian Robinson, Chief Engineer and co-founder. “In our aircraft, the transition phase was designed from the beginning to be a non-event, as there are no complicated multi-copter rotating nacelles or heavy tilt-wing mechanisms, and we have multiple layers of redundancy. The result is an extremely safe and stable transition, a vital part of eVTOL operations, and an area in which many of our competitors have faced serious challenges.”

Horizon Aircraft’s patented fan-in-wing technology is based on proven technology that leverages the advantages of modern electric motors and batteries to create a next-generation eVTOL system that enables a simpler, safer, and more efficient way to fly. With projected enroute speeds up to 250 mph and operational ranges over 500 miles with fuel reserves, the hybrid electric Cavorite X7 aims to be a disruptive force in the emerging Regional Air Mobility (RAM) market.

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.

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 normal aircraft while offering industry-leading speed, range, and operational utility. Horizon Aircraft’s unique designs put the mission first and prioritize safety, performance, and utility. Horizon intends to successfully complete testing and certification of its Cavorite X7 eVTOL and then scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.

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 the Proxy Statement 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

Investors:
Matt Chesler, CFA
FNK IR
(646) 809-2183
HOVR@fnkir.com

Media:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.com


FAQ

What milestone did Horizon Aircraft (HOVR) achieve in May 2025?

Horizon Aircraft achieved the first-ever stable transition using a fan-in-wing design with their Cavorite X7 eVTOL prototype aircraft.

What is the projected range and speed of Horizon Aircraft's Cavorite X7?

The Cavorite X7 is projected to reach speeds up to 250 mph with operational ranges over 500 miles with fuel reserves.

How does Horizon Aircraft's HOVR technology differ from competitors?

Horizon's technology uses a simpler fan-in-wing design without complicated multi-copter rotating nacelles or heavy tilt-wing mechanisms, featuring multiple redundancy layers for safer transition.

What is the next step for Horizon Aircraft (HOVR) after achieving transition flight?

The company is constructing a full-scale, piloted technical demonstrator to further validate their approach.

What market is Horizon Aircraft's Cavorite X7 targeting?

The Cavorite X7 is targeting the emerging Regional Air Mobility (RAM) market.
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