TORONTO, June 13, 2025 (GLOBE NEWSWIRE) -- New Horizon Aircraft (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, announces a strategic partnership with MT-Propeller, a global leader in advanced propeller technology, to supply propellers for Horizon's hybrid turbine engine. This collaboration will leverage MT-Propeller's cutting-edge composite propeller expertise, delivering maximum speed, efficiency, and significant noise reduction for the Company's Cavorite X7 in development. The hybrid-electric aircraft, uniquely designed for both vertical takeoff and conventional runway operations, will benefit from MT's innovative, quiet, and high-efficiency propeller solutions.