{"success":true,"data":{"pressRelease":{"id":"58617","rtpr_id":"nACS1vlsma","ticker":"HOVR","exchange":"NASDAQ","all_tickers":["HOVR"],"title":"Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace","author":"ACCESSWIRE","published_at":"2026-06-09T12:00:01.431Z","article_body":"Global aviation engineering and defense expert Marshall Aerospace supports\nHorizon Aircraft's hybrid eVTOL development and certification process\n\nTORONTO, ON / ACCESS Newswire (https://www.accessnewswire.com/) / June 9, 2026\n/ New Horizon Aircraft Ltd. (\"Horizon Aircraft\" or the \"Company\")\n(NASDAQ:HOVR) announces that global partner Marshall Aerospace (\"Marshall\")\nhas successfully completed a flight dynamics and control model to support the\ndevelopment and certification of the Company's hybrid-electric vertical\ntakeoff and landing (VTOL) aircraft, the Cavorite X7.\n\nHorizon Aircraft partnered with Marshall's Aero Engineering Services for their\nextensive experience and proven track record with platform modifications,\nspecial mission conversions, and other applied engineering programmes related\nto the dynamics, stability and control of aircraft.\n\n\"We're delighted to support Horizon Aircraft through safety-critical\ndevelopment work on a product that presents new possibilities for commercial\nand military aviation,\" said Mark Hewer, Aero Engineering Services Director,\nMarshall Aerospace. \"This programme shows how our deep engineering experience\ntranslates across complex challenges ranging from platform modifications to\nspecial mission conversions and test beds.\"\n\nThe Marshall team has now conducted extensive analysis to model how the X7's\naerodynamic, propulsion and mass characteristics influence flight behaviour.\nThe outcome is a six degrees of freedom (6-DOF) flight model to support\ndevelopment of the X7's safety-critical control system, enabling Horizon\nAircraft to predict and optimise how the aircraft responds to control inputs.\n\nHorizon Aircraft Chief Technology Officer Tom Brassington stated, \"The\ndelivery of the first flight model for the Cavorite X7 marks a strong start to\nour partnership with Marshall Aerospace. Marshall's engineers have integrated\nseamlessly into our development process, serving as an extension of our team\nand applying their expertise to developing one of the safest, toughest, and\nmost performant modern VTOL aircraft.\"\n\nFor more information about Horizon Aircraft, please see the Company's website\n(https://pr.report/lr1p) or watch its innovative technology in action on the\nCompany's YouTube channel (https://pr.report/lr1q).\n\nAbout Marshall Aerospace\n\nMarshall Aerospace is a British aerospace and defence company with more than a\ncentury of engineering excellence. The company specializes in aircraft design,\nintegration, certification, maintenance, repair and overhaul (MRO), and\nadvanced manufacturing. A global leader in C-130 Hercules support since 1966,\nMarshall has earned multiple world-first accreditations and recognitions for\nits expertise on the platform. The company partners with governments, military\noperators, and leading OEMs worldwide to deliver complex aerospace and defence\nprograms.\n\nFor more information, visit:\nhttps://marshallgroup.com/\n\nAbout Horizon Aircraft\n\nHorizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company\nthat is developing one of the world's first hybrid-electric VTOL (Vertical\nTake-Off and Landing) aircraft designed to fly most of its mission in\ntraditional wing-borne flight, offering industry-leading speed, range, and\noperational utility. Horizon Aircraft's unique designs put the mission first\nand prioritize safety and performance. Upon successful completion of testing\nand certification of its full-scale aircraft, Horizon Aircraft intends to\nscale unit production to meet expected demand from regional operators,\nemergency service providers, and military customers.\n\nFor further information, visit:\n\nWebsite www.horizonaircraft.com\nLinkedIn https://www.linkedin.com/company/horizon-aircraft-inc\n\nFor further information, contact:\n\nInvestors:\n\nKathryn Burns\nir@horizonaircraft.com\n\nMedia:\n\nEdwina Frawley-Gangahar\nEFG Media Relations\n+44 7580 174672\nedwina@efgmediarelations.com\n\nForward-Looking Statements\n\nThis press release contains certain \"forward-looking statements\" within the\nmeaning of the \"safe harbor\" provisions of the Private Securities Litigation\nReform Act of 1995 and \"forward-looking information\" within the meaning of\napplicable Canadian securities laws (collectively, \"forward-looking\nstatements\"). These forward-looking statements generally are identified by the\nwords \"believe,\" \"project,\" \"expect,\" \"anticipate,\" \"estimate,\" \"intend,\"\n\"strategy,\" \"aim,\" \"future,\" \"opportunity,\" \"plan,\" \"may,\" \"should,\" \"will,\"\n\"would,\" \"target,\" \"will be,\" \"will continue,\" \"will likely result\" and\nsimilar expressions, but the absence of these words does not mean that a\nstatement is not forward-looking. Forward-looking statements herein include,\nbut are not limited to, statements relating to the targeted readiness of the\nfull-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing,\ndevelopment priorities and technical milestones; the Cavorite X7's design\nspecifications, anticipated operational parameters and projected performance,\nincluding assumptions regarding operating costs, fuel consumption, maintenance\ncosts and utilization rates; funding and liquidity sufficiency and runway;\ncertification and testing plans; and potential production, partnership, supply\nchain and market opportunities.\n\nForward-looking statements are predictions, projections and other statements\nabout future events that are based on current expectations and assumptions\nand, as a result, are subject to risks and uncertainties. Actual results may\ndiffer from their expectations, estimates and projections and consequently,\nyou should not rely on these forward-looking statements as predictions of\nfuture events. Many factors could cause actual future events to differ\nmaterially from the forward-looking statements in this press release,\nincluding but not limited to: (i) changes in the markets in which Horizon\nAircraft competes, including with respect to its competitive landscape,\ntechnology evolution or regulatory changes; (ii) the risk that Horizon\nAircraft will need to raise additional capital to execute its business plans,\nwhich may not be available on acceptable terms or at all; (iii) the lack of\nuseful financial information for an accurate estimate of future capital\nexpenditures and future revenue; (iv) statements regarding Horizon Aircraft's\nindustry and market size; (v) financial condition and performance of Horizon\nAircraft, including the condition, liquidity, results of operations, the\nproducts, the expected future performance and market opportunities of Horizon\nAircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture\nan aircraft that meets its performance expectations; (vii) successful\ncompletion of testing and certification of Horizon Aircraft's Cavorite X7\neVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7\naircraft; and (ix) other factors detailed by us in the Company's public\nfilings with the SEC and under the Company's profile on sedarplus.ca,\nincluding the disclosures under the heading \"Risk Factors\" in the Company's\nAnnual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with\nthe SEC and filed under the Company's profile on sedarplus.ca on August 22,\n2025. These filings identify and address other important risks and\nuncertainties that could cause actual events and results to differ materially\nfrom those contained in the forward-looking statements. Forward-looking\nstatements speak only as of the date they are made.\n\nReaders are cautioned not to put undue reliance on forward-looking statements,\nand while the Company may elect to update these forward-looking statements at\nsome point in the future, it assumes no obligation to update or revise these\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise, unless required by applicable law. Horizon Aircraft does\nnot give any assurance that Horizon Aircraft will achieve its expectations.\n\nSOURCE: Horizon Aircraft\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/horizon-aircraft-advances-cavorite-x7-flight-model-through-partnership-1173872)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACS1vlsma","title":"Horizon Aircraft Advances Cavorite X7 Flight Model Through Partnership With Marshall Aerospace","author":"ACCESSWIRE","ticker":"HOVR","created":"2026-06-09T12:00:01.431Z","tickers":["HOVR"],"exchange":"NASDAQ","article_body":"Global aviation engineering and defense expert Marshall Aerospace supports\nHorizon Aircraft's hybrid eVTOL development and certification process\n\nTORONTO, ON / ACCESS Newswire (https://www.accessnewswire.com/) / June 9, 2026\n/ New Horizon Aircraft Ltd. (\"Horizon Aircraft\" or the \"Company\")\n(NASDAQ:HOVR) announces that global partner Marshall Aerospace (\"Marshall\")\nhas successfully completed a flight dynamics and control model to support the\ndevelopment and certification of the Company's hybrid-electric vertical\ntakeoff and landing (VTOL) aircraft, the Cavorite X7.\n\nHorizon Aircraft partnered with Marshall's Aero Engineering Services for their\nextensive experience and proven track record with platform modifications,\nspecial mission conversions, and other applied engineering programmes related\nto the dynamics, stability and control of aircraft.\n\n\"We're delighted to support Horizon Aircraft through safety-critical\ndevelopment work on a product that presents new possibilities for commercial\nand military aviation,\" said Mark Hewer, Aero Engineering Services Director,\nMarshall Aerospace. \"This programme shows how our deep engineering experience\ntranslates across complex challenges ranging from platform modifications to\nspecial mission conversions and test beds.\"\n\nThe Marshall team has now conducted extensive analysis to model how the X7's\naerodynamic, propulsion and mass characteristics influence flight behaviour.\nThe outcome is a six degrees of freedom (6-DOF) flight model to support\ndevelopment of the X7's safety-critical control system, enabling Horizon\nAircraft to predict and optimise how the aircraft responds to control inputs.\n\nHorizon Aircraft Chief Technology Officer Tom Brassington stated, \"The\ndelivery of the first flight model for the Cavorite X7 marks a strong start to\nour partnership with Marshall Aerospace. Marshall's engineers have integrated\nseamlessly into our development process, serving as an extension of our team\nand applying their expertise to developing one of the safest, toughest, and\nmost performant modern VTOL aircraft.\"\n\nFor more information about Horizon Aircraft, please see the Company's website\n(https://pr.report/lr1p) or watch its innovative technology in action on the\nCompany's YouTube channel (https://pr.report/lr1q).\n\nAbout Marshall Aerospace\n\nMarshall Aerospace is a British aerospace and defence company with more than a\ncentury of engineering excellence. The company specializes in aircraft design,\nintegration, certification, maintenance, repair and overhaul (MRO), and\nadvanced manufacturing. A global leader in C-130 Hercules support since 1966,\nMarshall has earned multiple world-first accreditations and recognitions for\nits expertise on the platform. The company partners with governments, military\noperators, and leading OEMs worldwide to deliver complex aerospace and defence\nprograms.\n\nFor more information, visit:\nhttps://marshallgroup.com/\n\nAbout Horizon Aircraft\n\nHorizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company\nthat is developing one of the world's first hybrid-electric VTOL (Vertical\nTake-Off and Landing) aircraft designed to fly most of its mission in\ntraditional wing-borne flight, offering industry-leading speed, range, and\noperational utility. Horizon Aircraft's unique designs put the mission first\nand prioritize safety and performance. Upon successful completion of testing\nand certification of its full-scale aircraft, Horizon Aircraft intends to\nscale unit production to meet expected demand from regional operators,\nemergency service providers, and military customers.\n\nFor further information, visit:\n\nWebsite www.horizonaircraft.com\nLinkedIn https://www.linkedin.com/company/horizon-aircraft-inc\n\nFor further information, contact:\n\nInvestors:\n\nKathryn Burns\nir@horizonaircraft.com\n\nMedia:\n\nEdwina Frawley-Gangahar\nEFG Media Relations\n+44 7580 174672\nedwina@efgmediarelations.com\n\nForward-Looking Statements\n\nThis press release contains certain \"forward-looking statements\" within the\nmeaning of the \"safe harbor\" provisions of the Private Securities Litigation\nReform Act of 1995 and \"forward-looking information\" within the meaning of\napplicable Canadian securities laws (collectively, \"forward-looking\nstatements\"). These forward-looking statements generally are identified by the\nwords \"believe,\" \"project,\" \"expect,\" \"anticipate,\" \"estimate,\" \"intend,\"\n\"strategy,\" \"aim,\" \"future,\" \"opportunity,\" \"plan,\" \"may,\" \"should,\" \"will,\"\n\"would,\" \"target,\" \"will be,\" \"will continue,\" \"will likely result\" and\nsimilar expressions, but the absence of these words does not mean that a\nstatement is not forward-looking. Forward-looking statements herein include,\nbut are not limited to, statements relating to the targeted readiness of the\nfull-scale hybrid Cavorite X7 eVTOL demonstrator aircraft for initial testing,\ndevelopment priorities and technical milestones; the Cavorite X7's design\nspecifications, anticipated operational parameters and projected performance,\nincluding assumptions regarding operating costs, fuel consumption, maintenance\ncosts and utilization rates; funding and liquidity sufficiency and runway;\ncertification and testing plans; and potential production, partnership, supply\nchain and market opportunities.\n\nForward-looking statements are predictions, projections and other statements\nabout future events that are based on current expectations and assumptions\nand, as a result, are subject to risks and uncertainties. Actual results may\ndiffer from their expectations, estimates and projections and consequently,\nyou should not rely on these forward-looking statements as predictions of\nfuture events. Many factors could cause actual future events to differ\nmaterially from the forward-looking statements in this press release,\nincluding but not limited to: (i) changes in the markets in which Horizon\nAircraft competes, including with respect to its competitive landscape,\ntechnology evolution or regulatory changes; (ii) the risk that Horizon\nAircraft will need to raise additional capital to execute its business plans,\nwhich may not be available on acceptable terms or at all; (iii) the lack of\nuseful financial information for an accurate estimate of future capital\nexpenditures and future revenue; (iv) statements regarding Horizon Aircraft's\nindustry and market size; (v) financial condition and performance of Horizon\nAircraft, including the condition, liquidity, results of operations, the\nproducts, the expected future performance and market opportunities of Horizon\nAircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture\nan aircraft that meets its performance expectations; (vii) successful\ncompletion of testing and certification of Horizon Aircraft's Cavorite X7\neVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7\naircraft; and (ix) other factors detailed by us in the Company's public\nfilings with the SEC and under the Company's profile on sedarplus.ca,\nincluding the disclosures under the heading \"Risk Factors\" in the Company's\nAnnual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with\nthe SEC and filed under the Company's profile on sedarplus.ca on August 22,\n2025. These filings identify and address other important risks and\nuncertainties that could cause actual events and results to differ materially\nfrom those contained in the forward-looking statements. Forward-looking\nstatements speak only as of the date they are made.\n\nReaders are cautioned not to put undue reliance on forward-looking statements,\nand while the Company may elect to update these forward-looking statements at\nsome point in the future, it assumes no obligation to update or revise these\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise, unless required by applicable law. Horizon Aircraft does\nnot give any assurance that Horizon Aircraft will achieve its expectations.\n\nSOURCE: Horizon Aircraft\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/horizon-aircraft-advances-cavorite-x7-flight-model-through-partnership-1173872)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-06-09T12:00:01.61477611Z","server_sent_at_ms":1781006401614},"received_at":"2026-06-09T12:00:01.717Z","source_url":"https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/horizon-aircraft-advances-cavorite-x7-flight-model-through-partnership-1173872"},"analysis":{"id":"48044","press_release_id":"58617","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":[],"eventType":"partnership","narrative":"Horizon Aircraft announced that partner Marshall Aerospace has completed a six degrees of freedom (6-DOF) flight dynamics and control model for the Cavorite X7 hybrid-electric eVTOL.\n\nThe model integrates aerodynamic, propulsion, and mass characteristics to support the development of the aircraft's safety-critical control system.\n\nThis milestone validates the engineering partnership and advances the Cavorite X7 toward future testing and certification phases.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"R&D milestone: Marshall Aerospace delivers critical flight model for HOVR's Cavorite X7."},"keyFigures":{"customDimensions":{"flight_model_type":"six degrees of freedom (6-DOF)"}},"quotedText":"The delivery of the first flight model for the Cavorite X7 marks a strong start to our partnership with Marshall Aerospace.","namedEntities":{"people":[{"name":"Mark Hewer","role":"Aero Engineering Services Director, Marshall Aerospace"},{"name":"Tom Brassington","role":"Chief Technology Officer, Horizon Aircraft"},{"name":"Kathryn Burns","role":"Investor Relations Contact"},{"name":"Edwina Frawley-Gangahar","role":"Media Relations Contact"}],"products":["Cavorite X7","Cavorite X7 eVTOL"],"companies":[{"name":"Horizon Aircraft","ticker":"HOVR","relationship":"filer"},{"name":"Marshall Aerospace","relationship":"partner"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"A technical milestone in the development of the Cavorite X7 eVTOL, validated by a partnership with a reputable aerospace engineering firm. This is a standard R&D progress update for a pre-revenue aerospace developer, lacking immediate financial impact or binary regulatory resolution."},"tickerRelevance":{"others":[],"primary":"HOVR"},"globalImportance":25,"audienceRelevance":30,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"technical_milestone","sectorWeight":"high_interest_eVTOL","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"partnership","event_type_secondary":["operations_update"],"sentiment":"bullish","material_impact_score":2,"narrative":"Horizon Aircraft announced that partner Marshall Aerospace has completed a six degrees of freedom (6-DOF) flight dynamics and control model for the Cavorite X7 hybrid-electric eVTOL.\n\nThe model integrates aerodynamic, propulsion, and mass characteristics to support the development of the aircraft's safety-critical control system.\n\nThis milestone validates the engineering partnership and advances the Cavorite X7 toward future testing and certification phases.","key_figures":{"customDimensions":{"flight_model_type":"six degrees of freedom (6-DOF)"}},"named_entities":{"people":[{"name":"Mark Hewer","role":"Aero Engineering Services Director, Marshall Aerospace"},{"name":"Tom Brassington","role":"Chief Technology Officer, Horizon Aircraft"},{"name":"Kathryn Burns","role":"Investor Relations Contact"},{"name":"Edwina Frawley-Gangahar","role":"Media Relations Contact"}],"products":["Cavorite X7","Cavorite X7 eVTOL"],"companies":[{"name":"Horizon Aircraft","ticker":"HOVR","relationship":"filer"},{"name":"Marshall Aerospace","relationship":"partner"}],"dollarAmounts":[]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-09T12:04:28.828Z","global_importance":25,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"technical_milestone","sectorWeight":"high_interest_eVTOL","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":18193,"modelName":"george-droid-qwen-72b"}}