19 December 2014
New Zealand-based Martin Aircraft Company Limited (MACL) is delighted to announce that it has signed an investment agreement with KuangChi Science Limited (KuangChi Science).
KuangChi Science is a Hong Kong exchange listed company engaged in the novel space services and other innovative technology business with certain disruptive innovations and technologies. The agreement is for a long term strategic partnership which over time will see KuangChi Science have a major shareholding following up to a A$50M (approx NZ$53M) investment in MACL over the next 30 months. The initial part of the investment will be a cornerstone investment in the MACL IPO.
In addition, KuangChi Science will in due course subscribe for a convertible note issued by MACL and MACL and KuangChi Science will form a joint venture based in China concentrating on serving the China market as well as undertaking joint research & development. The transaction with KuangChi Science remains subject to a number of approvals, including MACL shareholder approval and various regulatory approvals. Subject to receipt of these approvals it is anticipated the initial investment by KuangChi will be completed in February 2015.
Peter Coker, Managing Director and CEO said: “This degree of funding is significant, especially as it allows us to press ahead with our intention to list the Company on the ASX. Based on current projections, it will also allow Martin Aircraft to fund full commercialization of the Martin Jetpack.”
Chairman of the Board, Jon Mayson said: “This is an important development for Martin Aircraft and the association with a technology company of the quality of KuangChi Science Limited is fully supported by the Board”.
The Company will lodge a supplementary prospectus with regard to these developments as soon as possible. The Company will not accept any further applications under its initial public offer until that supplementary prospectus has been lodged with ASIC. The supplementary prospectus will contain full details of the proposed transaction with KuangChi Science and variations to the initial public offer that arise as a result of the KuangChi Science proposed investment.
Once lodged, a copy of the supplementary prospectus will be available for download from www.martinaircraft.com/offer
For further information, please contact:
TEL: +64 (0)3 377 8584
MOBILE: +64 (0)21 811 005
About Martin Aircraft Company
Martin Aircraft Company is the maker of the world’s first practical jetpack set to revolutionise the industries of aviation, recreation and transportation. MACL is currently focused on developing the Martin Jetpack for use as a first responder vehicle and a heavy lift unmanned air vehicle.
About KuangChi Science
KuangChi Science is a Hong Kong Exchange listed technology company focussed on groundbreaking novel space services. KuangChi has a nickname as “Alien Tech” and is dedicated to making innovations that change the world.
19 December 2014
The Initial Public Offering (IPO) for Martin Aircraft Company Limited ("Martin Aircraft" or "Company") was due to close on Friday, 12th December 2014; however, the Board taking into account on going discussions with potential investors, has concluded that it is in the best interests of the Company to extend the IPO by one week to now close at 5.00pm on Friday, 19th December 2014, which will allow additional investors the opportunity to participate in the IPO.
Martin Aircraft is offering up to 50 million shares at an issue price of A$0.50 / NZ$0.55 per share to raise up to A$25.0 million.
A copy of the prospectus and supplementary prospectus can be downloaded at www.martinjetpack.com/offer
For further information:
M: +61 407 958 137
+61 422 186 686
28 November 2014
The Initial Public Offering ("IPO") for Martin Aircraft Company Limited (“Martin Aircraft”or “Company”) was due to close today; however, Martin Aircraft is in ongoing discussions with a potential significant investor into the IPO, and while there is no guarantee that the investor will ultimately subscribe for shares, the Board considers it prudent in the circumstances to extend the offer for a further two weeks to allow these discussions to continue.
The IPO will now close at 5.00pm (Sydney time) on Friday 12 December 2014. However, the Company reserves the right to further extend the IPO, to vary the terms of the IPO, or to close the IPO early or at any time without further notice to any applicants. The Company will advise the revised issue date for shares, date for despatch of holding statements and ASX listing date once the IPO closes.
It is the Board’s current intention to immediately close the IPO if the significant investor subscribes for shares during the extended period.
Martin Aircraft is offering up to 50 million Shares at an issue price of A$0.50 / NZ$0.55 per Share to raise up to A$25.0 million.
A copy of the prospectus can be down loaded at www.martinjetpack.com/offer
For further information:
M : +61 407 958 137
+61 422 186 686
About Martin Aircraft Company Limited
Martin Aircraft Company Ltd is developing the Martin Jetpack, the world’s first practical jetpack, with potential usage spanning search and rescue, military, recreational and commercial applications, both manned and unmanned. The Martin Jetpack will have up to 30 minutes flight capability at a speed of up to 74 km/h and an altitude up to 1,000 m. It can be flown manned or unmanned as a UAV.
Visit our website: www.martinjetpack.com
Peter Coker, Managing Director and CEO
M : +64 21 811 005
Martin Aircraft Company (MACL) and US company, Avwatch are pleased to announce their partnership in developing airborne technology capabilities for the United States Department of Homeland Security, Department of Defense, and other federal, state, and local agencies.
The two companies will work together on improving specific capabilities targeted at assisting the first responder sector, including search and rescue, security, police, ambulance, fire and natural disaster recovery through the purchase and supply of Martin Jetpacks and relevant products and services. Avwatch will utilise a number of Martin Jetpacks in the demonstration of potential capability to their customers.
The package will also include a simulator for training and mission rehearsal and the necessary support of all the Jetpack flying. There is also an opportunity to grow the partnership to service much of the North America market.
27 October 2014
Martin Aircraft Company Limited (Martin Aircraft) has appointed Peter Coker as Managing Director.
Mr Coker has been chief executive officer since April 2013 and will now fill both roles. A former senior officer in the Royal Air Force, Mr Coker has amassed over 5,000 military and civil flying hours. He is a qualified flying and weapons instructor, has substantial policy and procurement experience and has commanded both a squadron and station.
Most recently, Mr Coker was General Manager of Lockheed Martin (NZ) and Business Development Director for Asia Pacific for a Lockheed Martin Business Unit.
Mr Coker has been awarded the Queen’s Commendation for Valuable Service in the Air (QCVSA) and in 1996 was made an Officer of the Most Excellent Order of the British Empire.
He has served as a director on various boards and is a member of the Institute of Directors. He is also a Fellow of the New Zealand Institute of Management, Fellow of the Royal Aeronautical Society and Upper Freeman of the Honourable Company of Air Pilots.
Chairman of Martin Aircraft, Mr Jon Mayson, said the company was fortunate in having someone of Peter Coker’s calibre leading the commercialisation of Martin Jetpack.
“In the time Mr Coker has been with the company he has demonstrated a high degree of professionalism and in taking on the roles of CEO and Managing Director, he is also now in a better position to take Martin Aircraft forward as a listed company,” Mr Mayson said.
Martin Aircraft is a New Zealand based company which is currently developing the Martin Jetpack, the world’s first practical jetpack, with potential usage spanning search and rescue, military, recreational and commercial applications, both manned and unmanned.
16 October 2014
Martin Aircraft Company is pleased to announce the appointment of Michael Tournier as Vice President of Sales and Marketing.
Chief Executive Peter Coker is delighted to have someone of Michael’s calibre and international experience join the executive team.
“Michael’s role is an essential element in the progress of the company towards commercialisation. He has a strong track record in growing successful international business and will be instrumental in the identification of key business development opportunities and enhancing customer relationships around the globe.”
Michael also comes to us with a background in the aviation industry having been the Regional Manager for Asia Pacific and International Marketing Manager for Air Charter International and Airways International respectively. He also holds a Commercial Pilot License (CPL) qualification.
More recently, Michael was the General Manager for Europe with Climate Friendly UK Limited where he facilitated the merger and acquisition of Australian based carbon solutions retailer, Climate Friendly Pty into the South Pole Group of companies and was responsible for the establishment of the retail financing offering into the European markets.
10 October 2014
The Martin Aircraft Company has moved to bigger premises in preparation for commercial production.
You can find us at 39 Ballarat Way, Wigram, Christchurch, New Zealand
The Martin Aircraft Engineering team.
New Zealand based Martin Aircraft Company Limited (“MACL”), who are developing the world’s first practical and commercial flying jetpack, have closed their pre-IPO fundraising round one week ahead of schedule and with $1.5m NZD of oversubscriptions.
Axstra Capital, a Sydney based Corporate Advisory Firm, managed the pre-IPO capital raising and Managing Director Reuben Buchanan is very pleased with the result.
“We are very happy to be able to close the pre-IPO ahead of schedule,” he said. “This result gives us a strong indication of the positive investor interest for the Martin Jetpack story here in Australia. We can now focus our attention on the next step which, as previously foreshadowed, includes a possible IPO and listing of the company.”
The pre-IPO funds raised are being used to drive the Jetpack towards commercialisation as well as to pay for ongoing costs. The company is seeing increasing interest and enquiries from around the world in its product due to its unique advanced technological capability when compared to its competitors.Due to the success of the raising, the Company will hold a general meeting of shareholders shortly to approve the issue of capital exceeding the original estimated raising.
6 August 2014
For investors & brokers, this is a great opportunity to learn about the pre-IPO and IPO strategy that Martin Aircraft is currently implementing. Hear from the CEO Peter Coker as well as newly appointed director John Diddams.
John successfully listed Indoor Skydive Australia on the ASX in 2013, which was the best performing IPO of the year.
22 July 2014
Martin Aircraft Company CEO Peter Coker will be travelling to Singapore tomorrow to meet with interested investors.
On 25 July, Peter is also presenting at the Wholesale Investor Event's Asxtra Capital Investor Showcase in Singapore. The presentation will provide an opportunit for potential investors to learn more about the company, the Jetpack technology and the plans for commercialisation.
DATE: 17th of June 2014
Martin Aircraft Company CEO Peter Coker is currently in Sydney around mid-June, Australia meeting with interested investors.
He is also presenting at Asxtra’s Capital Investor Showcase as an opportunity for potential investors to learn more about the company, the jetpack technology, an update on the progress of the jetpack’s pre-production and production activities and the plans for commercialisation.
On 17 June, he is also presenting at the Wholesale Investor Event's Asxtra Capital Investor Showcase.
If you would like to attend this event, please go to the Wholesale Investor Events Page.
Christchurch based Martin Aircraft Company has appointed Jon Mayson as its new Board Chairman to assist in the company’s mission to bring the Martin Jetpack to the commercial market.
Mayson, a former Chair of New Zealand Trade and Enterprise, is a companion to the New Zealand Order of Merit for services to the shipping industry and to the export sector. Mayson is particularly recognized for his achievements as CEO of the Port Tauranga from 1997 to 2005, during which time the Port of Tauranga grew to be New Zealand’s largest export port.
Mayson said that he was looking forward to bringing his experience to the table to help Martin Aircraft Company at this phase of its development.
“The Martin Jetpack is such a great story of New Zealand innovation and I am really looking forward to being involved in the company’s evolution”, said Mayson.
Martin Aircraft Company’s CEO, Peter Coker, welcomed Mayson’s appointment.
“Jon is highly respected in the business sector for his leadership, particularly his focus on business growth and innovation, which is a great fit for Martin Aircraft Company”, said Coker.
Coker acknowledged the contribution made by outgoing Chair Jenny Morel, who has been Martin Aircraft Company’s Chair since 2008. Morel, who is the founder and Managing Partner of No 8 Ventures Management, will remain as a director of Martin Aircraft Company.
Martin Aircraft Company CEO Peter Coker will be travelling to Auckland, New Zealand on the 10th and 11th April to meet with interested investors. He is also presenting at the Wholesale Investor event at lunchtime on Friday 11 April. If you would like to attend this event, please click HERE.
Martin Aircraft Company, which has developed the world’s first practical and commercial jetpack, is inviting sophisticated investors to join the company as shareholders on its exciting journey towards commercialisation.
After launching the Pre-IPO in Australia recently, the interest in the Martin Jetpack has been very significant. ABC News ran a story that featured an interview with founder Glenn Martin and CEO Peter Coker - CLICK HERE TO WATCH THE ABC STORY
Martin Aircraft Company, which has developed the world’s first practical and commercial jetpack, is launching a pre-IPO capital raising in Sydney next week. CEO Peter Coker will be in Sydney to present at two information sessions which are being held at the NSW DSRD office on level 47 of the MLC Centre in the city.
Presentations will be held on the evenings of Tuesday 11th and Wednesday 12th Feb commencing at 6.30pm and will offer interested investors a chance to learn more about the Jetpack technology, plans for commercialisation and the IPO.
Reuben Buchanan from Axstra Capital has been appointed as advisor to Martin Aircraft Company and is managing the pre-IPO raising.
Christchurch-based Martin Aircraft Company has appointed Ulrich Bergler as Director of Engineering.
Bergler holds a BE equivalent engineering degree in precision engineering from the University of Applied Sciences in Munich. He also has a MSc in Applied Psychology.
Bergler brings with him many years of experience in product development and commercialisation. Prior to joining Martin Aircraft Company, he held a vareity of management roles with Hilti, Dynamic Controls and Design Line.
Martin Aircraft Company’s CEO, Peter Coker, said that he was pleased to welcome Bergler to the company’s management team.
“Ulrich’s background in product development, including product testing and reliability, fits well with Martin Aircraft Company’s current focus on refining our jetpack prototype and advancing to commercial production,” he said.
The Martin Jetpack has been selected for Popular Science Magazine’s “Best of What’s New Awards” this year.
Popular Science’s Executive Editor Cliff Ransom said "For more than a quarter of a century, Popular Science has devoted its December issue to the year's most remarkable innovations. The Best of What's New Awards is our magazine's top honor, and the 100 awardees are selected from a pool of thousands. Each winner is handpicked and revolutionary in its own way. Whether they're poised to change the world or simply your living room, the Best of What's New awardees challenge us to see the future in a new light."
Developed by Martin Aircraft Company in Christchurch, the Martin Jetpack has continuously attracted the attention of media worldwide, none more so than when it revealed details of its latest prototype, known as the P12, in August this year.
Martin Aircraft Company’s CEO, Peter Coker, said that the company was thrilled to be recognized in the Aerospace category of this year’s awards.
“Popular Science Magazine is such a well-known name worldwide and it really gives our team a boost to receive this kind of recognition ,” said Mr Coker.
Martin Aircraft Company intends to target the first responder market for initial sales of its jetpack as it advances to commercial production next year.
Mr Coker indicated that the company is continuing its flight testing schedule with an upgraded engine soon to be fitted allowing the flight envelope to be expanded even further.
Martin Aircraft Company reveals latest jetpack
Christchurch-based Martin Aircraft Company has revealed details of its latest jetpack prototype.
Martin Aircraft Company’s CEO, Peter Coker, said that the P12 prototype was a “huge step up” from the previous prototype.
“Changing the position of the jetpack’s ducts has resulted in a quantum leap in performance over the previous prototype, especially in terms of the aircraft’s maneuverability,” said Mr Coker.
“We have full certification from the Civil Aviation Authority for manned flight and have made great progress in recent months in increasing the flight time of the aircraft,” he said.
The Martin Aircraft Company announced the appointment Peter Coker as its new Chief Executive Officer on Monday 15th April 2013. Company Chair, Jenny Morel, said the company’s ability to attract a renowned international aviation expert was due to the significant technological breakthroughs that the business has achieved with its jetpack.