(Nasdaq: HOVR) Horizon Aircraft Releases Breaking News This Morning Take a Look Inside The Company

(Nasdaq: HOVR) Horizon Aircraft [Horizon Aircraft Begins Full-Scale Development of eVTOL Aircraft, Accelerates Flight Tests, and Expands World-Class Team]( FDR Member, Horizon Aircraft (NASDAQ: HOVR) dropped some excellent news this morning. And it made our already bullish opinion even stronger. Following our feature pre-market this morning, HOVR announced...  [Horizon Aircraft Begins Full-Scale Development of eVTOL Aircraft, Accelerates Flight Tests, and Expands World-Class Team](  Full Transition of Large-Scale Prototype by End of 2024 TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced several key business and technical updates as the Company is steadily progressing in the development of key technological components of its novel, hybrid-powered eVTOL aircraft.  Brandon Robinson, CEO of Horizon Aircraft, commented, “I am extremely proud of the pace of our full-scale aircraft systems development program, [the world-class team we’re building]( and the game-changing technology that we’re bringing to Advanced Air Mobility. Our unique, customer-first approach prioritizes building a tough eVTOL aircraft that can operate in bad weather, icing conditions, and other challenging operational environments. This strategy is gaining strong traction with operators, driving substantial demand.”  [Click here to see our most recent test flight video](  Key Technical Highlights  Flight Test Program The large-scale prototype continues to exceed expectations. Hundreds of flight tests have been conducted and we are approaching full transition speed. The Company expects to achieve full transition by the end of the year. The real-world test results are rapidly improving the design and production of the full-scale aircraft and its sub-systems.  Full-Scale Aircraft Development The Company continues to develop and patent key technologies that underpin its unique aircraft including the full-scale propulsion units that are key to the HOVR Wing technology. Testing of the cooling system and power tests for the full-scale propulsion units are ongoing, yielding positive outcomes, and load testing results for the HOVR Wing mechanism are very positive.  Digital Twin Development The Company also continues to develop its sophisticated hardware-in-the-loop (HITL) digital twin technology that has enabled a more efficient and rapid testing of the large-scale prototype aircraft with thousands of digital flight tests informing real-world anticipated handling characteristics of the large-scale prototype.  Horizon Aircraft is developing an eVTOL aircraft that stands out amongst its peers. With its patented HOVR wing technology that allows it to fly 98% of its mission in a configuration similar to that of a normal aircraft, featuring a hybrid power system that offers superior range, speed, and payload in its class, the Company believes that this aircraft could be a disruptive force of change within the regional air travel market.  Horizon Aircraft’s hybrid eVTOL, the Cavorite X7, is designed to perform at a speed of almost twice that of a comparable helicopter while operating at a materially lower cost. With an estimated maximum speed of 250 miles per hour and an average range of over 500 miles with fuel reserves, Horizon believes this aircraft, if eventually licensed for commercial use, would be well-positioned to excel in medical evacuation, critical supply delivery, disaster relief, and special military missions.  The Company believes that flying most of the time as a normal aircraft is also safer and will make the aircraft easier to certify than other radical new eVTOL designs. The Cavorite X7 will be powered by a hybrid electric system that will recharge the battery array in-flight and post-flight, while also providing significant system redundancy. The Company is continuing the testing of its large-scale prototype and is in active design and manufacturing of a full-scale technical demonstrator aircraft.  We're not surprised by the update. As we noted earlier, this company is expected to score milestones. It's a part of the reason why we featured them. Another reason is that its products may be some of the coolest we've ever covered. Of course, investors don't make money on “cool”; they make it by capitalizing on company stock prices that are undervalued. Factoring the news this morning with recent milestones and expectations, HOVR stock is worthy of being on that list. We highlighted why earlier today. If you missed it, here are some compelling reasons we included:  Horizon Aircraft (NASDAQ: HOVR) is offering a trailblazing hybrid electric Vertical Take-Off and Landing (VTOL) aircraft, the Cavorite X7, with strong investment potential.  After merging with Pono Capital Three, Inc. in January 2024, Horizon Aircraft is funded to accelerate its hybrid VTOL program. At a $1 per share at Friday's close, it presents a "ground floor" investment opportunity, with potential significant upside.  The Cavorite X7 offers a hybrid power system allowing 98% of its flight to operate like a traditional aircraft, giving it superior speed, range, and payload capacity compared to most VTOLs. Its patented wing design enables vertical take-off and landing, then transitions to fixed-wing flight. The Cavorite X7 boasts an operational speed of 250 miles per hour and a 500-mile range, nearly doubling the performance of conventional helicopters, making it ideal for critical missions, including medical evacuations and military operations.  The Cavorite X7 is designed for adverse weather conditions. It's aiming for certification in challenging environments, including icing conditions, adding to its versatility in both civilian and military applications.  As the VTOL market is expected to grow significantly, Horizon's technology positions it as a frontrunner. Investors could benefit from short- and long-term value, as the company has already secured an AFWERX Phase 1 contract and may tap into Canadian government grants.  With a market cap of $19.7 million and 7.58 million shares in the float, Horizon Aircraft offers significant upside potential, especially as institutional investors are projected to increase exposure to small and micro-cap stocks. The VTOL sector, projected to become a $1 trillion market by 2040, is regaining investor interest, positioning Horizon Aircraft as an attractive early-stage investment with a potentially steep stock trajectory.  Remember, Before the headlines were consumed by everything AI, VTOL was the rage. Billions were raised to move this segment from conceptual design to commercialization. As noted above, Horizon Aircraft got its share after merging into a SPAC deal in January 2024 with Pono Capital Three, Inc. Pono Capital Three had about $115M in Treasury as of Sept 2023, ample to accelerate Horizon's hybrid VTOL program and ensuring funding for future development. [Check out this video to understand why they wanted a piece. It certainly supports the interest.](  So does the fact that Horizon Aircraft is a pioneer in the VTOL space. By all measures, its hybrid VTOL, the Cavorite X7, is more than just another aircraft; it's a trailblazing design that could redefine regional air travel and contribute to a more sustainable future. At a dollar a share this morning, investors may be presented with a ground-floor opportunity in what could be a high-flier, literally, in the coming quarters. Don't underestimate the pace of adoption, either.  VTOL is the next BIG THING...  Keep in mind that just a few years ago, many people scoffed at the thought of robotaxis. Not anymore. That market is expected to become a $45B one by 2030. After providers sort out regulatory and compliance issues, it may reach that mark sooner than expected. The point is this: what was science fiction less than a decade ago could become mainstream. The same can happen for VTOL. After all, these vehicles can provide more than robotaxi-style user convenience; VTOL can be an important contributor to alleviating traffic congestion and environmental concerns. And it's uses can be vast, with public, private, and military sectors each arguing strong cases for expedited development.  That can be excellent news for HOVR. Once you read more about its Cavorite X7, you'll understand it's not just another entrant in the VTOL market; it's a game-changing aircraft designed to outpace its competitors in performance, safety, and operational utility. Moreover, unlike most VTOLs, which rely primarily, even solely, on electric propulsion, the Cavorite X7 features a hybrid power system that allows it to fly 98% of its mission like a traditional aircraft. That's possible through its patented wing technology differentiation, which enables vertical take-off and landing while transitioning into an efficient flight mode similar to a fixed-wing aircraft. The result? Superior speed, range, and payload capacity.  And check this out: the Cavorite X7's operational speed of 250 miles per hour and 500-mile range nearly doubles that of conventional helicopters. This positions it perfectly for critical missions such as medical evacuations, disaster relief, and special military operations. Important to those uses is its hybrid power system, which ensures in-flight and post-flight battery recharging, reducing system redundancy and increasing operational safety. These differences and competitive advantages, which provide unparalleled operational flexibility, could make the Cavorite X7 a favored VTOL in both commercial and defense sectors.  Designed to challenge bad weather...  Those aren't the only attractions. Another standout feature of the Cavorite X7 is its ability to perform in adverse weather conditions, a critical factor in both civilian and military applications. The company is already working to certify the aircraft for operations in challenging environments, including icing conditions. The intent is to prove that its all-weather design enables the Cavorite X7 to perform critical missions safely in bad weather, over long distances, and at speeds unmatched by current VTOL technologies.  These competitive advantages are the types of value drivers investors should stay ahead of. Similar to investing early in a company like Tesla, recognizing the leaders before the investor herd can generate life-changing returns. No company offers a turbulent free ride higher. However, many mitigate the downside with the right product and plan. By vertically integrating its manufacturing process, HOVR checks that box, too. It's accelerating its development cycle by using all-composite manufacturing to advanced 3D-printed carbon fiber thermoplastics and custom electronics. Those provide cost efficiencies without sacrificing quality. It also helps establish a timeline for the full-scale delivery of its prototype Cavorite X7, which is expected within two years.  Short and long-term opportunities...  That doesn't mean that patient investors will be the only ones rewarded. Short-term investors are expected to accrue value from milestones along the way, similar to the value accrued after the Cavorite X7 secured an AFWERX Phase 1 contract, with close to $400,000 awarded to demonstrate the viability of the aircraft's high-speed VTOL capabilities. The U.S. Air Force and USSOCOM have recognized the aircraft's potential for runway-independent operations, reinforcing that Horizon's technology is groundbreaking and practical. And based in Canada, HOVR could score a sizable grant through government initiatives like Canada's $350 million Initiative for Sustainable Aviation Technology (INSAT). If so, it could inspire a considerable steepening of the stock price trajectory.  This may help that cause: a global study commissioned by HOVR revealed that 76% of fund managers expect institutional investors to increase exposure to small and micro-cap stocks in the next six to 12 months. That rotation is already starting as the Magnificent 7 in the AI space has been giving up considerable value as investors take profits and look to smallcaps that provide potentially similar upside to companies that scored massive runups over the past twelve months.  VTOL sector will fly...  Horizon Aircraft could certainly earn its share of attention, especially as the VTOL space heats back up after a resurgence in investor interest in a sector that was dominating headlines just a couple of years ago. Trading at a dollar this morning, and considering that Morgan Stanley expects the market to become a $1 trillion one by 2040, being early to this opportunity is an excellent strategy. With a market cap of just $19.7 million and only 7.58 million shares in the float, upside bias is more than warranted; it's justified.  Remember, as we noted in our early morning feature, according to a HOVR presentation, its enterprise value in September was $96 million, and the pro-forma equity value was $216 million. Today, the company is more robust and closer to commercialization than at any time in its history. Thus, despite HOVR stock enjoying an over 44% rally in price since the start of August based on Friday's closing price, additional updates could fuel a next leg higher. More directly, members, consider seizing this opportunity while the value window is open. 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