Its patented fan-in-wing patent enables the Cavorite to be the world's first eVTOL that can fly the majority of its mission exactly like a normal aircraft. The vehicle has been designed to have reduced hydrocarbon emissions, and built for operational realities including bad weather, traffic avoidance, and low-time pilots. Horizon, a Canadian company trailblazing in the global aerospace industry, has developed the prototype Cavorite X5, an eVTOL travelling up to an estimated speed of 450 km/h with a 500 kilometer range and a five passenger capacity. Astro continually defies traditional aviation design, and the acquisition of Horizon will only push the Company further, with the ability to reach greater heights working in tandem with Horizon's exceptional team.
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In 2018, the Company's drone, 'Elroy', was one of the first to seamlessly fly with humans on board. The transaction is expected to close on or before the beginning of 2 nd Quarter pending customary closing conditions.Īstro, a pioneer in the eVTOL market, has developed one of the market's safest and most efficient eVTOLs in the world. (" Horizon"), creator of the world's first eVTOL that flies exactly like a conventional aircraft for the majority of its mission. February 18, 2021) - Astro Aerospace (OTCQB: ASDND) (" Company" or " Astro"), a global leader in electric vertical take-off and landing (eVTOL) aerial vehicles and drones, announced today that it has entered a binding agreement to acquire Horizon Aircraft Inc.
![horizon aircraft cavorite x5 horizon aircraft cavorite x5](https://assets.newatlas.com/dims4/default/661d6f5/2147483647/strip/true/crop/1772x995+0+0/resize/1440x809!/quality/90/?url=http:%2F%2Fnewatlas-brightspot.s3.amazonaws.com%2Fbc%2Fc3%2F07798f3e4cc2b62cc1747f38ad8c%2Four-stator-array-being-3d-printed.png)
Company Overview Our Team Our Commitment Success Stories Upcoming Conferences CareersĪstro Aerospace Announces the Acquisition of Horizon Aircraft to Propel Itself as a Leader in the eVTOL marketĭallas, Texas-(Newsfile Corp.