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New Horizon Aircraft ( (HOVR) ) has provided an announcement.
Horizon Aircraft announced significant progress in the development of its Cavorite X7 hybrid eVTOL aircraft, with a full-scale prototype expected to be ready for testing in 18 months. The company has achieved key technical milestones, secured strong liquidity through strategic funding, and expanded its team with world-class talent, positioning itself well for future growth and industry leadership.
More about New Horizon Aircraft
Horizon Aircraft is an advanced aerospace engineering company that is pioneering the development of hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft. Their flagship product, the Cavorite X7, is designed to operate like a conventional aircraft while offering superior speed, range, and utility. The company aims to meet demand from regional operators, emergency services, and military clients by completing testing and certification, followed by scaling production.
Average Trading Volume: 1,070,173
Technical Sentiment Signal: Buy
Current Market Cap: $131.4M
For a thorough assessment of HOVR stock, go to TipRanks’ Stock Analysis page.