3/13/2023 0 Comments Astro cavorite x5“The acquisition of Horizon will allow the visions of both Horizon and Astro to align, creating a powerful force in the eVTOL market,” said Astro CEO Bruce Bent. Astro’s strong foundation in the industry, now paired with Horizon’s ground breaking design and Mechanical Engineering expertise, presents an advantageous opportunity for the combined entity to bring its designs quickly to market. The eVTOL aircraft market size is projected to reach $87.64 billion by 2026, and the Urban Air Mobility (UAM) market is estimated to surpass $1 trillion in the next decade. Custom-designed Touch Flight Control, allows air lift off, within minutes of entering ELROY. This allows for fast and efficient data transmission between various mechanical components, ultimately reducing overall aircraft weight and magnetic interference. Horizon could not be happier to join forces with such an influential company who will contribute its high-calibre expertise to bring our design to market.”ĪSTRO drones do away with the need for gearboxes, water-cooling systems or aerodynamic steering flaps and are outfitted with fibre optic technology. Astro is a pioneer in the industry, and its work has remained incredibly relevant amongst the rise of eVTOL popularity. Brandon commented, “My father and I have long admired the unprecedented advances Astro has achieved in the aerospace sector. Today, the Robinson duo is steering Horizon’s team through this pivotal transaction with Astro, whose well-established reputation, growth trajectory and pool of dedicated investors in the public market presents a transformational opportunity. This eventually led to designing a revolutionary new eVTOL prototype, long before the market took off. Building aircraft from the age of 14, Brian’s previous aerospace engineering company saw much success as it developed numerous first-of-its-kind innovations. Brian, Horizon’s Chief Technology Officer, is also a Mechanical Engineer, beginning his innovation journey long before Horizon’s existence. Brandon has a strong drive to think and ‘create-outside-the-box’, a skill passed down by his father. Son Brandon Robinson, Horizon’s Chief Executive Officer, is a Mechanical Engineer, a CF-18 Fighter Pilot Top Gun graduate, and holds an MBA with more than $400 million in projects overseen. Horizon co-founders Brandon and Brian Robinson are aerospace revolutionaries applying their excellence in Mechanical Engineering to change the way we approach travel. At ASTRO, they believe drones are tools that should be user friendly and 100% fool proof. Their combined expertise will help me guide Astro through this transformative chapter as the Company merges product lines, implements Astro’s strategic vision and begins the Nasdaq uplist process.In this continuously integrated world, simple and seamless designs are key in universal communication and efficient product use. I am excited to be working with Robinson, who possesses the ability to develop aerial solutions with the perfect balance of analytical and creativity. Bruce has been an industry pioneer and driving force behind Astro’s success, which has progressed the Company’s vision into tangible milestones. “It will strengthen Astro’s ability to pursue commercialization and allow the visions of both Astro and Horizon to align, creating a powerhouse in the eVTOL market. “The completed Acquisition will propel the development of the Cavorite X5 forward,” said Trompeter. Bruce Bent is pleased to announce that Patricia Trompeter, currently a member of Astro’s Board of Directors has agreed to take on the role of Chief Executive Officer.
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