NEW HORIZON AIRCRAFT LTD (HOVR)

Company Profile

New Horizon Aircraft Ltd. is an advanced aerospace original equipment manufacturer, which engages in the designing and aiming to build a next generation hybrid electric vertical takeoff and landing aircraft for the regional air mobility market. The company is headquartered in Lindsay, Ontario and currently employs 12 full-time employees. The company went IPO on 2023-02-10. The firm is engaged in developing hybrid Electric Vertical Takeoff and Landing (eVTOL) aircraft. The Company’s Cavorite X7 prototype can take off vertically, but once in flight its patented HOVR wing system reverts to the configuration of a conventional airplane. The company operates with up to 30% less hydrocarbon emissions. The company is designed to operate in bad weather, with flight in known icing conditions. The company is designed with 14 redundant lift fans in hover, through which multiple failures can be tolerated. The firm's Cavorite X7 range opens up a wide spectrum of uses, such as critical medical supplies to remote areas, delivery of supplies and rescue of people from post-hurricane zones, business travel/inter-city and regional shuttle, transportation to underserved remote regions, evacuation, and special events control.

Company Info

NEW HORIZON AIRCRAFT LTD

3187 Highway 35

Lindsay ONTARIO

P: 16138661935

Employees: 20

Website: https://www.horizonaircraft.com/