New Horizon Aircraft Ltd. - Class A Ordinary Shares (HOVR)
0.4649
-0.0021 (-0.45%)
New Horizon Aircraft Ltd. is a pioneering company in the aviation sector, specializing in the design, manufacturing, and distribution of innovative aircraft solutions
The company focuses on developing advanced technology and sustainable practices to enhance the efficiency and performance of its aircraft, catering to both commercial and private aviation markets. With a commitment to safety and environmental responsibility, New Horizon Aircraft Ltd. aims to revolutionize air travel through cutting-edge engineering, superior customer service, and a strong dedication to reducing carbon emissions in the aviation industry.
PALM BEACH, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - According to a recent article issued by Fact.MR, the global drone surveying market is expected to grow at a CAGR of 19.3% during the forecast period of 2023 to 2033. The report said: “The drone surveying market is witnessing increased demand for its services across different industries. The survey done by drones has multiple benefits in comparison to the traditional way of surveys such as lower cost, reduced time, and improved end results. The drone covers a larger area within less amount of time and money for a survey if compared with the traditional or conventional way of surveys. Since the data is captured and generated with actual imagery, it also brings better transparency in the end result. All these benefits have resulted in increased demand from governments and real estate development companies for drone surveying services. The drone surveying service providers are entering into partnerships with companies and the government to carry out surveys on their behalf for the planning and development of urban areas and townships. The image and data collected from the drone surveys are more accurate and can be converted into meaningful output as per the requirements. This helps governments and infrastructure development companies in different stages of planning in township development, urban planning, and land surveys. The continuous advancement of technology in the drone market has led to increased demand for their products and services. The services or task performed by a drone has significantly improved in the last few years which has ultimately resulted in improved demand.” Active Companies in the Drone Industry today include ZenaTech, Inc. (NASDAQZENA), Safe Pro Group Inc. NASDAQ: SPAINASDAQSPAI)(NASDAQ: PRZONASDAQPRZO, New Horizon Aircraft (NASDAQ: HOVRNASDAQ), Unusual Machines (NYSE: UMACUMAC).
New Horizon stock is trading higher on Monday after the company announced it received an $8.4 million investment from a strategic investor and aerospace supporter.
TORONTO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- New Horizon Aircraft Ltd. (NASDAQHOVR), doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, announced today that Brandon Robinson, CEO, and Jason O’Neill, COO, will participate in the 13th Annual Roth Technology Conference being held November 19 - 20, 2024, at the Hard Rock Hotel in New York City. Horizon Aircraft’s management team will conduct one-on-one and small group meetings on Wednesday, November 20.
