Horizon Aircraft hosted Brigadier General Brendan Cook, RCAF Director General Space, Combat and Support, for a briefing on the Cavorite X7 and its potential Defence applications

LINDSAY, ONTARIO / ACCESS Newswire / November 6, 2025 / New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft ("Horizon Aircraft" or the "Company"), an advanced aerospace engineering company and developer of one the world's first hybrid eVTOL (electric Vertical Take-Off and Landing) aircraft, welcomed Brigadier General Brendan Cook, Royal Canadian Air Force (RCAF) Director General Space, Combat and Support, to its Lindsay, Ontario hangar for an exclusive tour and briefing on the Company's hybrid eVTOL, the Cavorite X7.

During the visit, BGen Cook met with Horizon Aircraft's leadership team, toured the facility, and received a detailed demonstration of the Cavorite X7's hybrid-electric architecture and versatile design.

"I've seen some really unique technologies here that I think have a solid position in the Defence market over time," said BGen Cook. "It's great to see Canadian innovation and industry putting forward leading-edge aerospace products. From remotely piloted aircraft to vertical lift capabilities, the applications for this technology in the Canadian Armed Forces are wide-ranging, from contested logistics to maritime operations and anti-submarine warfare."

BGen Cook also noted the potential for NATO collaboration, citing opportunities for Canadian industry to shape and contribute to evolving allied defence requirements.

Horizon Aircraft Co-Founder and CEO, Brandon Robinson, said, "It was an honour to host BGen Cook and share the progress we've made with the Cavorite X7. His visit underscores the growing recognition of Canadian aerospace innovation, and we believe our technology is well positioned for future defence applications in Canada and with our allies worldwide."

The Cavorite X7 has been engineered with defence and dual-use applications in mind, offering potential roles in:

• Contested logistics and cargo delivery;

• Medical evacuation (MEDEVAC) and covert insertion;

• Remotely Piloted Aircraft Systems (RPAS) and loyal wingman missions; and

• Advanced surveillance and electronic power support, enabled by its onboard hybrid electrical capacity.

With the Cavorite X7, Horizon Aircraft continues to position Canada as a leader in aerospace technology, advancing solutions that align with the modern defence needs of the Canadian Armed Forces and allied partners.

For more information about Horizon Aircraft, please see the Company's website or watch its innovative technology in action on the Company's YouTube channel.

About Horizon Aircraft

Horizon Aircraft (NASDAQ: HOVR) is an advanced aerospace engineering company that is developing one of the world's first hybrid eVTOL designed to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. Horizon Aircraft's unique designs put the mission first and prioritize safety, performance, and utility. Horizon Aircraft intends to successfully complete testing and certification of its Cavorite X7 eVTOL and then scale unit production to meet expected demand from regional operators, emergency service providers, and military customers.

For further information, visit:

Website www.horizonaircraft.com
LinkedIn https://www.linkedin.com/company/horizon-aircraft-inc

For further information, contact:

Investors:
Matt Chesler, CFA
FNK IR LLC
(646) 809-2183
HOVR@fnkir.com

Media:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.com

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "aim," "future," "opportunity," "plan," "may," "should," "will," "would," "target," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements herein include, but are not limited to, statements relating to the targeted readiness of the full-scale hybrid Cavorite X7 eVTOL prototype for initial testing, development priorities and technical milestones; funding and liquidity sufficiency and runway; certification and testing plans; and potential production, partnership, supply chain and market opportunities.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) changes in the markets in which Horizon Aircraft competes, including with respect to its competitive landscape, technology evolution or regulatory changes; (ii) the risk that Horizon Aircraft will need to raise additional capital to execute its business plans, which may not be available on acceptable terms or at all; (iii) the lack of useful financial information for an accurate estimate of future capital expenditures and future revenue; (iv) statements regarding Horizon Aircraft's industry and market size; (v) financial condition and performance of Horizon Aircraft, including the condition, liquidity, results of operations, the products, the expected future performance and market opportunities of Horizon Aircraft; (vi) Horizon Aircraft's ability to develop, certify, and manufacture an aircraft that meets its performance expectations; (vii) successful completion of testing and certification of Horizon Aircraft's Cavorite X7 eVTOL; (viii) the targeted future production of Horizon Aircraft's Cavorite X7 aircraft; and (ix) other factors detailed by us in the Company's public filings with the Securities and Exchange Commission ("SEC") and under the Company's profile on sedarplus.ca, including the disclosures under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2025, filed with the SEC and filed under the Company's profile on sedarplus.ca on August 22, 2025. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.

Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by applicable law. Horizon Aircraft does not give any assurance that Horizon Aircraft will achieve its expectations.

SOURCE: Horizon Aircraft