Visit for more information.Īll statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. Our mission is to produce an eVTOL for real-world applications that provides a safe, efficient and sustainable mode of aerial transport. Our Cavorite X5 eVTOL will enter the market quickly and will service a broad spectrum of early use-cases that will generate revenue immediately.
Our unique designs place the mission first and prioritize safety, performance, and utility. This has resulted in industry-leading speed, range, and operational utility. Horizon Aircraft is an advanced aerospace engineering company that has developed the world’s first eVTOL that can fly the majority of its mission exactly like a normal aircraft. Our mission is to make self-flying unmanned and manned vehicles available to anyone, at any time, from anywhere, and to turn this new and exciting aircraft into a mainstream mode of transportation. “The soon-to-be completed acquisition of Horizon is expected to add tremendous value to the combined entity as we move towards the expected commercial launch of the X5 into the growing $46.7 Billion eVTOL aircraft market.”Īstro Aerospace is the developer of the world’s most advanced, autonomous, short haul, eVTOL (Electric Vertical Takeoff and Landing) aerial vehicles. “The testing of the Cavorite X5’s sub-scale prototype has exemplified to the global eVTOL market that Horizon’s engineered design is the new standard,” said Astro CEO Bruce Bent. The patented fan-in-wing allows the Cavorite to be the world’s first eVTOL that can fly the majority of its mission exactly like a normal aircraft. The full-scale Cavorite X5, which will travel up to an estimated 450 km/h with a 500-kilometre range, is designed for reduced hydrocarbon emissions, poor weather, traffic avoidance, and low-time pilots. Soon, our merged company will have the capital and resources to bring our extensively tested Cavorite to-market, offering urban centers a reliable, comfortable and high-efficiency eVTOL.” Horizon Co-Founder and CEO Brandon Robinson stated, “Completing more than 200 test flights is extremely exciting for the entire teams at both Horizon and Astro. For vertical flight, the wing surfaces retract to open its ducted fans before closing again, maximizing the craft’s aerodynamic efficiency.
CAVORITE X5 SOFTWARE
The Cavorite X5 features fully autonomous self-learning auto pilot software and an array of specialized 3D-printed lifting fans in the wings that provide additional thrust for vertical takeoff and landing. The primary objective for the sub-scale eVTOL prototype’s test flights is to verify aerodynamics, control systems and transition flight.
Astro expects to complete the acquisition of Horizon in April. Astro’s existing roots in the industry and high-calibre expertise, combined with Horizon’s engineering competencies, is expected to position the Company to be one of the leaders in the eVTOL market.
On February 18, Astro announced it has entered into an agreement to acquire Horizon to accelerate Astro’s Alta and Elroy programs, one of the first modern eVTOL aircraft to fly with people on board. Horizon Aircraft (“ Horizon”), a Canadian company leading in the global aerospace industry, has designed, engineered and overseen all testing of the Cavorite X5. Horizon continues test flights of the Cavorite X5’s sub-scale prototype as it prepares for Astro’s acquisitionĭallas, Texas, Ma(GLOBE NEWSWIRE) - via NewMediaWire - Astro Aerospace (OTCQB: ASDN) (“ Company” or “ Astro”), a leading manufacturer of electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that more than 200 test flights have been successfully completed on a sub-scale prototype of the Cavorite X5, a five-seater hybrid-electric eVTOL.
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