New Horizon Aircraft (HOVR) has partnered with Motion Applied. Motion Applied will design and manufacture a customized motor drive inverter for the Company’s hybrid-electric VTOL, the Cavorite X7, enabling higher power efficiency and reduced weight for the aircraft’s vertical lift system. Motion Applied’s world-renowned pedigree and capacity for on-site design, manufacturing, and testing will support Horizon Aircraft as it progresses toward building its full-scale prototype and advancing its aircraft certification program.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HOVR:
- New Horizon Aircraft Approves Employee Stock Purchase Plan
- Horizon Aircraft appoints Jameel Janjua to board of directors
- Horizon Aircraft’s VTOL targets flight operations in icing conditions
- Horizon Aircraft welcomes Canadian Air Force to Ontario hangar
- New Horizon Aircraft Expands Share Offering to $50M