New Horizon Aircraft (HOVR) IAccess Alpha Virtual Best Ideas Fall Investment Conference 2026 summary

Technology and product overview

• Developing a seven-person hybrid electric VTOL aircraft capable of vertical takeoff and landing, with a 500-mile range and 250 mph speed, nearly twice as fast as traditional helicopters.

• Aircraft is designed for all-weather operations, including flight into known icing and cold conditions, enabled by a gas-burning engine and generator, eliminating the need for charging infrastructure.

• Proprietary technology allows for efficient transition from vertical to forward flight, with electrically powered lift fans and a low-drag configuration.

• Safety features include the ability to glide and land vertically in emergencies, offering more options than traditional helicopters.

• Significant military and emergency medical service applications, with potential for rapid deployment, lower costs, and enhanced operational capabilities.

Financial position and growth plans

• Recently raised over CAD 70 million, providing at least 24 months of runway even with increased hiring and ramp-up.

• Workforce has grown to over 60 people, with plans to double headcount in the next 12–18 months.

• Full-scale prototype is nearing completion and will soon begin flight testing, positioning the company among a select group in the sector.

• Gross margin targets are around 40%, with a net margin goal of at least 15%, aligning with aerospace manufacturing standards.

• Production is planned to ramp up to 200–300 units annually within a few years after certification, with initial deliveries targeted for 2030.

Certification, partnerships, and operational strategy

• Certification process underway with Cert Center Canada and Transport Canada, leveraging a design that operates like a conventional aircraft for 98% of missions.

• Aircraft is engineered for robustness and reliability, suitable for harsh environments and demanding missions.

• Strategic partnerships include Pratt & Whitney Canada for engines, BETA Technologies for flight controls, and MHI RJ for aerospace expertise.

• Team comprises experienced aviation, engineering, and financial professionals, emphasizing operational excellence and innovation.

• Conservative capital management approach, prioritizing shareholder interests and minimizing dilution.