Horizon aircraft provides business update and fourth quarter and full year 2025 results

Toronto, aug. 22, 2025 (globe newswire) -- new horizon aircraft (nasdaq: hovr), doing business as horizon aircraft (“horizon” or the “company”), an advanced aerospace engineering company and developer of one of the world's first hybrid electric vertical take-off and landing (vtol) aircraft, today provided its business update and financial results for the fourth quarter and year ended may 31, 2025. highlights include the following: one of the world's first ever successful fan-in-wing forward transition flights in may 2025 with the company's large-scale prototype aircraft; strong balance sheet with 18+ months of liquidity; efficient approach to commercialization resulting in significantly reduced aircraft development costs relative to other evtol organizations; world-class talent acquisition with the additions of thomas brassington, justin chapman, andrea mocellin, and john wyzykowski to the engineering team; and significant commitments from government agencies for non-dilutive funding grants.
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