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Government Funding Accelerates Horizon Aircraft Hybrid eVTOL Development Through Research Collaboration

~ Applied Research and Development Grant Brings Total NSERC Federal Funding to More Than $3.4M ~TORONTO, July 31, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (NASDAQ: HOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), an advanced aerospace engineering company and developer of one of the world’s first hybrid electric Vertical Take-Off and Landing (eVTOL) aircraft, today announced that, together with its collaboration partners, it has received a Natural Sciences and

articleNew Horizon Aircraft Ltd.July 31, 20254/company/new-horizon-aircraft-ltd/news/government-funding-accelerates-horizon-aircraft-120000390
Government Funding Accelerates Horizon Aircraft Hybrid eVTOL Development Through Research Collaboration

About this update from New Horizon Aircraft Ltd.

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Horizon AircraftHorizonForward-Looking StatementsHOVRaerospace engineering companyNatural Sciences and Engineering Research Council