Major Breaking News Drops On Low Float (ASDN) This Morning, Get This Profile On Your Radar Now
Wow. That's big news today. Check it out:
Astro Aerospace Announces Horizon Aircraft’s 200th Successful eVTOL Flight
Horizon continues test flights of the Cavorite X5’s sub-scale prototype as it prepares for Astro’s acquisition
Dallas, Texas, March 18, 2021 (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. Horizon Aircraft (“Horizon”), a Canadian company leading in the global aerospace industry, has designed, engineered and overseen all testing of the Cavorite X5.
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. 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. Astro expects to complete the acquisition of Horizon in April.
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. 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.”
“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 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 $46.7Bn eVTOL aircraft market.”
Read the full article here.
Could this be the catalyst spark that sets ASDN on a major vertical move?
At close Wednesday, ASDN still had multiple triggered technical indicators according to Barchart.
The website also provided ASDN with a "88% BUY" designation based on overall technical indicators.
Between this game-changing news, a low float, and all of these bullish technicals, ASDN needs to remain at the top of your watch-list today.
If you haven't read my initial report below, do so now and get it on your radar immediately.
Did you see what happened with my most recent profile?
RELI ran from a Friday close of 4.39 to a high of $5.68 Tuesday for an approximate $1.25+ surge in the blink of an eye.
But that was then, and this is now. Let's dive into a new idea with a quick question...
What do you know about eVTOL aircraft?
eVTOL (electric vertical takeoff and landing) is a type of aircraft that uses electric power to hover, take off, and land vertically.
This tech came about thanks to major advances in electric propulsion (motors, batteries, electronic controllers) and the growing need for new vehicles for urban air mobility (air taxi).
The eVTOL aircraft market size is projected to reach $87.64Bn by 2026, and the Urban Air Mobility (UAM) market is estimated to surpass $1Tn in the next decade.
Some of the biggest aircraft companies and agencies that are putting serious blood, sweat, and tears into eVTOL research and development are Boeing, NASA, and Airbus.
Recognize those names, don't you?
Well, here's an up-and-comer whose name you may not recognize but also may not fly under Wall Street's radar for much longer due to recent corporate actions I've highlighted in the report below.
For Wednesday, March 17th, there is only one profile to have on your watch-list:
*Astro Aerospace Ltd. (ASDN)*
Astro Aerospace is the developer of the world's most advanced, autonomous, short haul, eVTOL (Electric Vertical Takeoff and Landing) aerial vehicles.
ASTRO Aerospace is the ONLY public pure play company globally that has a functioning technology in a working, full-scale prototype.