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.