Martin Jetpack. Maybe an IPO in the offing

[robbo24]

Not sure these things are being designed to carry two people. Teh firefighters I know are brave but not stupid. Cant see them strapping this thing on to their backs.

It can be easily operated by remote control and it has computerized stability... If you were on top of a burning building and one was flown up to you by remote control I am fairly certain you'd go with it.

Or would you just stay and burn or jump and die? LOL

[minimoke]

http://www.idealog.co.nz/blog/2013/1...martin-jetpack

Robbo. You may not realize it but martin are very good at rolling out the same old information year in year out but never actually get to market.

Go back to June 2011 and you will see a virtually identical press release. Back then they had EOI's for 6000 machines and first shipment due in December 2012.

It doesn't bode well if the ducted fan pack
over promises and under delivers like this company does.

[minimoke]

Let's not get too excited. Total payload is 100 kg. That might be ok for a skinny white boy but you put a 150 kg Pacific islander on it and see what happens. If it's going to be capable of saving people it can't be fatist.

[robbo24]

http://www.theaustralian.com.au/busi...1226772533066#

Jetpacks geared for $22m raising and ready for take-off

[robbo24]

http://www.wholesaleinvestor.com.au/...aunch-in-2014/

Martin Aircraft has engaged in no active marketing to date but the level of demand from all corners of the globe has been considerable indicating that build capacity will need to be expanded. An unnamed Fire Service has indicated potential demand for 900 jetpacks to be deployed countrywide. Military departments are making enquiries with the possibilities of factoring the jetpack into their budgets in the coming years. A sub contractor to the US Coast Guard has requested a proposal for the Jetpack and simulator capability. The mining and resources sector has looked to Martin Jetpack as a possible solution to service inhospitable terrains in a cost effective way.

[Harvey Specter]

If they can sign a contract for 900, then they don't need to raise capital - a small discount for an advance for working capital and they will be fine.

[robbo24]

Let's not get too excited.

Minimoke here's your big chance to fly the Martin Jetpack: http://www.seek.co.nz/job/25745456

Test Pilot - Martin Aircraft

Fly The Dream
From an Inventor's Vision to a Commercial Reality
Christchurch Based

Martin Aircraft Company is the maker of Martin Jetpack, the world's first practical jetpack. The product and its revolutionary technology command worldwide interest and concerted efforts by an enthusiastic team of funders and engineers have brought it closer to market release. The company is in an exciting developmental phase with an extensive manned and unmanned flight programme underway and a number of offshore initiatives in play.

Reporting to the Head of Flight Operations, this is a critical new addition to the flight team. As part of a dynamic business, the role is diverse and covers flight testing, demonstrations and displays, training of Jetpack pilots, maintenance of flying records, and development of a regulatory framework for Jetpack operations.

We seek an experienced pilot who has a flying instructor qualification and experience in the aircraft test flight environment. Previous display flying experience is desirable and familiarity with international operations an advantage.

To apply by email, please click below or email your cover letter and CV to cvchc@sheffield.co.nz, or write to Sheffield, PO Box 5621, Wellesley St, Auckland, quoting reference number 47774sk. Applications close on 18 January 2014. Emails will be electronically acknowledged and further correspondence may be by email.

For more information please phone Josie Simpson on 021 284 7066.

Click here to view a Position Description. (You will need Adobe Acrobat to view this document).

Click here to visit the company website.

[jamiec26]

IPO nearly ready to go.. Link

[Harvey Specter]

IPO nearly ready to go.. Link

THat is a pre-IPO capital raising so even if that goes ahead, still no guarantee the IPO will go ahead.

What is interesting is it is being done in Australia. Is that a sign the IPO, if there was one, would be on the ASX?

[robbo24]

THat is a pre-IPO capital raising so even if that goes ahead, still no guarantee the IPO will go ahead.

What is interesting is it is being done in Australia. Is that a sign the IPO, if there was one, would be on the ASX?

I'd be thinking along the lines of a dual listing