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4 April 2016

Welcome to our April 2016 newsletter.

This month CEO and Managing Director, Peter Coker, responds to a number of queries that Martin Aircraft Company has received from shareholders and the wider community in the form of a Question & Answer session. We also provide feedback on our attendance at events, a certification update, and a more in-depth introduction to our majority shareholder, KuangChi Science and its Global Community of Innovation. 


Martin Aircraft Company Enjoys Great Success at DefExpo India 2016

160404 MJP Newsletter DefExpo 1002

We are very pleased to report that the Martin Jetpack took centre stage at the ninth edition of DefExpo, the biennial exhibition of Land, Naval and Internal Homeland Security Systems in India, which got off to a spectacular start on the 28 March against the scenic backdrop of Naqueri Quitol in South Goa. It is the first time the event, organised by the Indian Ministry of Defence, has been held outside the capital city of New Delhi.

Martin Aircraft Company’s participation at DefExpo was in direct support of our regional Alliance Partner M2K Technologies, who hosted our Business Development Manager, Catherine Stuart, and one of our static display Jetpacks. The Jetpack quickly became the “must see star of the show”, with visits from key officials from India's Fire, Police, Ambulance, Civil Defence, Search & Rescue, Humanitarian Assistance & Disaster Relief (HADR) and Homeland Security Services.

The highlight of the show was a formal visit to our stand by the Indian Defence Minster, Manohar Parrikar, to learn more about the Martin Aircraft Company and the Martin Jetpack capabilities in both manned and unmanned operations and how this distributive technology is well placed as a solution for the many challenges that the complex operational environments in India present.

Attendance at this major regional event has generated a number of potential sales leads and these will be followed up by our Alliance Partners supported by our Sales and Marketing team.


Martin Aircraft Company Demonstrates Unmanned Jetpack Rescue Module Flight Capabilities at Warbirds Over Wanaka Airshow

160404 MJP Newsletter Warbirds 1001

MMartin Aircraft Company Limited is delighted to announce the success of its first New Zealand unmanned public flight display with its innovative and versatile Martin Jetpack.

Over 10,000 aviation enthusiast, VIPs and Media gathered at Wanaka Airport in the South Island of New Zealand for day 1 of the 3-day airshow to witness the display of a Martin Jetpack in its home country.

The flights were conducted using the advanced P12 prototype. The P12 is the latest testing model for the Martin Aircraft Company, which is due to release its first commercial Jetpack in the latter half of 2016 for delivery to initial First Responder customers in the second half of this year.

Speaking of the demonstration flights, Martin Aircraft CEO and Managing Director, Peter Coker, says, “Since the beginning the company has had a core group of loyal Jetpack followers in New Zealand and increasingly internationally. Warbirds over Wanaka represented an opportunity for us to show our appreciation for this support and share with all aviation enthusiasts and their families that the Martin Jetpack dream has now become a reality.”

Test Pilot for the flights, Michael van der Vliet, comments, “It was such a privilege to be in Wanaka making aviation history and giving the public an opportunity to see the Jetpack operate in its unmanned rescue mode. This mode will be used in situations where traditional aircraft cannot operate, such as high rise tower rescues.”

Michael continues, “Flying the Jetpack remotely using its fly by wire system makes it extremely simple to operate and the safety systems will make the Martin Jetpack one of the safest light aircraft on the market today. Also, unlike most quadcopters, which are limited to a few kilograms, the Jetpack when operated remotely can lift up to 12okg, making it a very versatile UAV (unmanned air vehicle).”

Martin Aircraft Company is currently negotiating contracts with First Responder service providers such as Fire, Police and Ambulance services.


Martin Aircraft Company Jetpack Pilots gain Remotely Piloted Aircraft Systems (RPAS) Certifications

Mike Van Der Vliet and Andrew Jackson have become the first pilots at Martin Aircraft Company to complete their pilot training for Remotely Piloted Aircraft Systems (RPAS) under the new NZCAA rules. The rules, which became enforceable in February of this year, apply to the operation of RPAS, UAV, Unmanned Air Systems (UAS), drones and model aircraft and were introduced by the NZCAA last August.

Says Mike Read, VP of Flight Operations, “We are extremely excited to have our pilots now fully operational under the new NZCAA rules. Martin Aircraft Company has been working closely with the NZCAA and recently submitted an exposition showing that we have identified hazards and risks associated with our operation and ways in which we will mitigate these risks. Also submitted was the large suite of Flight Operations documentation developed over the last eight months for the purpose of defining us as an aviation company. The result is that the NZCAA has granted us an Unmanned Aircraft Operated Certificate (UAOC), which is our licence to conduct unmanned aircraft operations in New Zealand and to train people to do so.”

The certifications mark off another important milestone for Martin Aircraft Company as it moves towards production in the second half of this year.


Martin Jetpack Certification Update

160404 MJP Newsletter Pathway

We recently announced that Martin Aircraft Company had made the decision to move away from our original microlight certification pathway towards type certifying the Jetpack. This was due to a number of factors, including limited recognition of the microlight standard by both aviation authorities and customers, particularly in the US, and the fact that the NZCAA recommended full certification for volume manufacture in preference to Microlight.

Says Ben Taylor, VP Programme and Business Excellence at Martin Aircraft Company, “Type certification of the Jetpack opens up a number of new markets and a broader range of opportunities for the company. It also opens up potential pathways to operate under specialist circumstances, such as in low visibility or built up areas.”

Type certifying the Martin Jetpack consists of three main stages – Experimental, Restricted and Full Type Certification. The current focus is on achieving Experimental Certification.

“All our existing aircraft will be moving towards an Experimental Certification as soon as is practical,” Ben continues. “It allows for a much more robust certification programme, which means our beachhead customers, who will be able to operate the Jetpack under this category, can do so with complete confidence.”

Martin Aircraft Company is working closely with the NZCAA to develop a certification basis that can be recognised by the broader community of global aviation regulators to facilitate access into the global marketplace.


Investor Relations - Australia India TAT Capital Expo 2016

Following on from the success at DefExpo India 2016, Peter Coker, Chief Executive and Managing Director of Martin Aircraft Company Limited will be a key speaker at this year’s Australia India Tat Capital Expo 2016 (TatXpo), which will be held in Hyderabad, India, from 27-29 April 2016.

TatXpo will bring together CEOs, innovators, investors and thought leaders from Australia and India to forge new commercial partnerships and strengthen economic ties between two great countries. The sector-focused expo in India’s biggest tech incubator allows leading Australian growth and early-stage companies to meet their Indian counterparts alongside the corporate and investment community to connect, collaborate and co-invest.

Coker states, “Second only to China in terms of population and with the same challenges of ultra-high density urban populations, the Indian market has the right mix of economic empowerment and operational challenges that makes India an ideal market for deployment of the Martin Jetpack for use by First Responders and other similar groups. The Martin Jetpack can take off and land vertically (VTOL) and because of its small dimensions, it can operate in confined spaces such as close to or between buildings, near trees or in confined areas that other VTOL aircraft such as helicopters cannot access.”

TatXpo was created by Tat Capital as a platform for Indian companies and investors to connect with Australian and New Zealand companies and investors to collaborate and commercialise high growth, high impact ideas and facilitate trade and investment.

http://tat.capital/tatxpo/


Shareholder Update - A Q&A Session with CEO Peter Coker

 PCoker V2

We often receive questions either through our shareholder channel or other media relating to Martin Aircraft Company products, strategy, timelines and so on. This month, as part of our newsletter, we have posed a number of these questions to our CEO and Managing Director, Peter Coker, in order to provide greater visibility of our plans to the wider shareholder community and other interested parties.

 

Q: We often talk about the "mule train" concept. Have there been any conceptual studies carried out to flesh this out, are any studies planned or is it all just talk?

A: Our focus at present is to establish a single capability Jetpack that can be flown either manned or unmanned. This meets our first customer requirements. The “mule train” concept was socialised some years ago as some people felt that the Martin Jetpack would be limited by its inability to carry more than one person. Electronically tethered formation flying is not a new concept and the technology has been around for some time. As we develop the Martin Jetpack using the new flight control system we are investigating whether the mule train concept can be directly linked through our own flight control software or whether we need to use an additional piece of equipment that is already proven. The best option will then be incorporated into the Jetpack. However, the first releases of the manned and unmanned aircraft will not have the “mule train” capability fitted as it is part of our incremental capability growth path.

Q: With regard to the Heavy Lift UAV, what is needed in terms of technical and regulatory milestones to make this a reality? Would the load be suspended from the landing gear? How would the load be released? How would the UAV pick up, say, an injured person? How would control be maintained beyond line of sight? Is there autonomous capability planned?

A: We are one of the few companies that have been granted an Unmanned Aircraft Operator Certificate, by the NZCAA. This allows us to operate the unmanned aircraft commercially and allows us to issue pilot qualifications for Remote Piloting. However, we are keen to ensure that our commercial unmanned air vehicle is subject to the same rigorous design and build process under which our commercial manned Martin Jetpack will be designed and built. This will be advantageous to us in the long term as it will give confidence to the regulatory authorities around the world that our unmanned air vehicles are inherently safe and can be used in unrestricted support of first responders and other commercial applications within industries such as oil and gas, mining, engineering and agriculture.

Our planning at the moment is to have a fixed platform for load carrying that can be released on landing from beneath the aircraft. In terms of various loads (including people) we are in discussion with a number of companies that specialise in providing the load carrying environment for UAVs. Our commercial Heavy Lift UAV is planned to lift 120kg and we intend to adapt it to the customer requirements in terms of how the load is carried. A good example is the crop spraying capability of the UAV, which has the arm across the UAV rather than underneath it.

Our first UAV will be controlled line of sight but we will be incrementally introducing the autonomous capability in the near future. We will also be looking in the future at over the horizon controlled operations potentially using our association with the Global Community of Innovation (GCI) under the guidance of KuangChi Science.

Q: Why do we continue to take static models to air shows? Doesn't this represent missed opportunities to showcase the Martin Jetpack's capabilities and build its brand? An example is the Warbirds over Wanaka Airshow, its first public flight on home soil. If an American company can get permission to fly their unproven jetpack around the Statue of Liberty what stops the Martin Jetpack from being flown around the Sydney Harbour Bridge and Opera house?

A: At present the Martin Jetpack is not well known around the world so the idea of taking a static model to air shows is to ensure that the maximum number of people are able to see and experience up close what the Martin Jetpack capabilities might be. Having a stand with a static and often accompanied by a simulator is the most effective way to reach our potential customers. We also undertake disruptive marketing - as an example we displayed the static aircraft and simulator at the recent Fire and Security show in Dubai and we certainly attracted a lot of interest as it is unusual to have aircraft at this type of show.

We displayed the unmanned version at Wanaka, which allowed us to demonstrate the versatile capability of the Martin Jetpack as the UAV market is substantial. However, the Wanaka show is not a show where any commercial entities would have an interest so we did not expect a flurry of enquiries. The Martin Jetpack has been around since the mid eighties in terms of development so the New Zealand view is somewhat subdued compared to when we take it to new countries that have not experienced it before. Our P12 Jetpack was designed back in 2012 and did not have the same degree of robustness around its design that our new Jetpack will have. For this reason and on the basis of safety we have had to limit displays involving a manned Jetpack – as you may be aware the P12 family of Martin Jetpack are not fitted with the new ballistic parachute. To do so would have required a retrofit and testing programme that would have distracted from the work to meet key milestones on the incrementally developed commercial Jetpack. Incidentally, the parachute programme is progressing well and the company with which we are working is carrying out additional testing to show its effectiveness across the whole Martin Jetpack flight envelope.

We have shown manned capability to the public in early December both in Canterbury, New Zealand, and later in China where our videos show the amazingly impressive performance of the Jetpack. We are now concentrating on building our next Jetpack, P14, which will have much better reliability and capability. It will also be the first Jetpack where we will fit the new ballistic parachute. This is not the parachute you see in the high flight video of 2011 but a much more advanced version that can be seen separately under test on our web site. We are very excited about this capability as it will allow the pilot to eventually operate the aircraft safely across the flight envelope, including close to the ground. Along with our incremental growth strategy the parachute may be initially fitted without the automated opening via either our flight control system or engine management system. This will mean the parachute will be manually operated by the test pilot and we will fly the aircraft with operational mitigations (such as minimum height) in place.

I wouldn’t wish to comment about our friends who are developing the rocket belt. Our principle is to work alongside the New Zealand Civil Aviation Authority regarding any demonstration of the Martin Jetpack. The NZCAA coordinates with the country where we wish to fly a manned display. At many air shows the authorities require us to have a degree of maturity that is not available on our present Jetpack. That said, when it comes to potential customers, we do offer to undertake manned demonstrations with the customer present at our test facility in New Zealand where we can have a much better interaction and discussion.

I would like to add that in addition to marketing our focus is very much on meeting technical milestones. It is absolutely essential we start delivering the Martin Jetpack to commercial customers this current year and that means the rapid build-up of design and test engineers, which has been very much part of our present strategy. This has been interesting as the search has had to be global in order to obtain people with the necessary qualifications. Our team has grown markedly and we are on track to deliver to commercial customers later this year.

Q: How far have things moved towards building the Jetpack Display Team? It's been on the web site for over a year but no sign of it.

A: The Jetpack Display Team is a marketing tool and consists of a number of elements. Eventually we expect to have a team of Jetpack Pilots that will perform at events but this is something we intend to do when we have moved away from the P12 Jetpack. In addition, there is considerable resource tied up in display teams and at the moment these resources are better deployed undertaking testing of our aircraft as we progress towards first commercial sales of the Martin Jetpack in 2016. Currently our Display Team is more about providing a static, or a static and simulator, or a static, simulator and manned or unmanned flight. We tend to prioritise events that have the greatest return on investment for us either in terms of people, cost or potential customer base. For the majority of events we are “invited” to attend, which means the cost to the company is minimal. Our Display Team also undertakes flying for various non-public events, such as television recordings or adverts.

Q: What happened to all those supply agreements that were announced with a fanfare at the Paris Air Show?

A: These supply agreements are very much alive. As I like to point out at every presentation I make, the Martin Jetpack is not a commodity – it as an aircraft. Therefore, when we announce the signing of Letters of Intent or Memorandums of Understanding, this is the start of the discussions and negotiations that may lead to the eventual signing of binding contracts. Each potential customer is different and as I have also mentioned publicly, it is not unusual for discussions to take anything from 18 months to 3 years, depending on the customers’ budget cycles. Therefore, it was important for us to have such agreements signed by the middle of 2015 so we could move forward to the commercial discussions. I am not at liberty to talk about the discussions that are ongoing due to their commercial nature. I know this must be frustrating to shareholders and may seem as if we are not doing anything here but rest assured much work is going on behind the scenes with those that have already been announced, including the KCS Joint Venture working through the negotiations with all the China entities with which we have agreements. As we sign agreements moving forward we will make the announcements to shareholders and the wider community.

As part of our discussions we look at delivery date requirements of customers that meet the incremental growth capability of the manned and unmanned Jetpacks. This cements our long term production plan.

Q: When is it planned to send some craft to Avwatch? What has to happen to bring this about?

A: We are in constant discussions with Avwatch. As a company they are very excited about the capabilities of both the manned and unmanned Jetpacks. Their reach into the first responder environment in significant areas of the USA means that our relationship with them has tremendous potential. In fact, our new Business Development Manager is currently on her way home from the US (via DefExpo in India, which is also attracting a lot of media attention for us) having spent some time with Avwatch mapping out the plan. Our present planning is that Avwatch will be one of the early commercial recipients of the Martin Jetpack during 2016.

Q: How easily will the new, heavier, more powerful and thirstier engine integrate into the airframe and how much tinkering with the FCS and other systems will have to be done to stabilize the craft? Is it expected to improve the range and payload or diminish them?

A: The engine fitted to the P12 Jetpack is a V4 2 stroke engine. It has very limited reliability and was never planned to be a production engine. Prior to the raising of capital, it was very difficult to run parallel engine paths other than trying to eke out greater capability from the present design. Since then we have worked with a number of companies and our new engine (which we expect to announce in the next few months) is well into testing. It is actually lighter than our present engine and testing is already showing that the capability is meeting our specifications.

Our intention is to fit the engine to future manned and unmanned vehicles beyond P13, which is an unmanned test vehicle (UTV). As we don’t need the new engine until the build of P14 and beyond we are using the test facilities at the engine manufacturer to continue our testing rather than undertaking the advanced testing ourselves in New Zealand. This minimises time between any modification requirements that may be needed as testing progresses. Our Flight Control System is also new and will be tested on the UTV in the coming weeks. Our technical specification is the key to what we require and at this stage we are confident that the engine will allow us to meet this specification. However, along with our philosophy of incremental capability growth, we initially would expect to have less time between engine overhauls than our later expectations until we have obtained sufficient evidence of its reliability. This has been built into our growth programme. It is probably also worth mentioning that all our early potential customers are aware that we are on a path of incremental growth capability and are very happy to be part of that journey to a fully certified Martin Jetpack in the future.

Q: How does the new change in shareholding affect the strategic direction of the company?

A: Martin Aircraft Company has a philosophy of looking at “why” we are here. Glenn Martin had a dream of the Personal Jetpack and that is very much still alive. But conceptually it is wider than that in that we are here to make human lives better, be it “saving human lives” or “flying the dream”. This has driven our approach to target the first responder initially with the personal Jetpack to follow later. The “how” becomes the use of the Jetpack technology that has been developed over the years and the “what” is the Martin Jetpack. KuangChi Science are an amazing disruptive technology company who also have a global philosophy of improving human lives. The reason that they have invested in Martin Aircraft Company is because we are so aligned in our thinking around what our purpose is all about. I would say that the change in shareholding has strengthened our continued strategic direction.

Q: Will there be any new directors appointed to replace the two directors who resigned recently?

A: As a growing company we continually look to ensure we have the correct Board and governance structure in place for the global environment in which we intend to operate. Our recent alignment was for that reason and we will continue to review, and if necessary, structure the Board to meet the changing needs of the company.

Q: With the exit of No 8 Ventures how does the share structure now look?

A: Our major shareholder is KuangChi Science with 52%. Glen Martin holds 9.7 % of shares, which are escrowed following the IPO and ASX listing until February 2017. NZVIF were part of the No 8 Ventures fund, which has since been wound up by No 8 Ventures. The shares in the fund were distributed in-specie to the underlying investors in NZVIF. As at today’s date, NZVIF holds 4.6%.

I would like to make one more point on closing. Martin Aircraft Company is currently a non-revenue hi-tech company. In my many engagements with shareholders and potential investors I have noted that there is a tremendous difference in understanding about what this means. Our role is to deliver to our shareholders what we said we would do. This has been outlined in our prospectus last year and at my presentations. We remain committed and on track to deliver the first batch of Martin Jetpacks later this year and establish an order book for the future.


KuangChi Science and the Global Community of Innovation

GSI

 Recently KuangChi Science Limited (KCS) subscribed to the convertible bond agreed at the time of Martin Aircraft Company’s IPO and provided the company with net proceeds of NZ$23.7m to continue on its path to commercialisation. Since then we have had the pleasure of hosting various Directors and employees of KCS at our Wigram offices in Christchurch, New Zealand. This has allowed KCS and Martin Aircraft Company senior management to share with the remainder of the company the achievements to date of this innovative Chinese company and we have been amazed and inspired by KCS’ vision for the future.

The Kuang-Chi Institute of Advanced Technology was founded in 2010 by Dr Liu Ruopeng along with a number of founding members who shared Dr Liu’s passion for “innovation that changes the world”. This passion has become the vision of the company itself and has been the driving force behind its Global Community of Innovation, which was unveiled at the end of last year.

The purpose of the Global Community of Innovation (GCI), according to Dr Liu, is not only to invent the future through innovation, but also to deliver this future globally. KuangChi believes that there are three trends leading to the future - Indepth Space, Spiritual Machines and Ultimate Connection. Dr Liu, who is also a director of Martin Aircraft Company, explains, “Indepth Space means to develop and utilize multidimensional air and space to the fullest extent possible. Spiritual Machines means to invest machines with qualities of consciousness. Ultimate Connection means to connect all information, logistics and energy supplies from all regions.”

In addition, the GCI sees itself as having a number of social responsibilities. These revolve around saving human lives, being able to respond better to disasters, providing mankind with safer and more comfortable living conditions and ensuring even the poorest and most remote communities have access to logistics, information and energy supplies.

KCS has brought together a number of innovative companies and ideas from all over the world to fulfil its GCI vision. These include Cloud, Near Space Traveller, Space Levitation Station, Solarship, Zwipe, HyalRoute Broadband, Parallel World, iPhoton, Super WiFi, Smart Structure and of course, Martin Aircraft Company with the Martin Jetpack.

Says CEO and Managing Director of Martin Aircraft Company, Peter Coker, “KuangChi Science is an extremely focussed company with the desire to use technology to improve human lives. This aligns completely with the goals and vision of Martin Aircraft Company and we look forward to drawing on their expertise and insights as the company moves towards and beyond commercialisation.”

For more information on KuangChi Science and the Global Community of Innovation please visit http://www.kuang-chi.com/htmlen/details/224.html


Staffing Update – Key Appointment

 AMale V2

Andrew Male – Partnership Manager

Andrew Male joins Martin Aircraft Company as our Partnership Manager. Originally from London, Andrew and his family moved to Christchurch, New Zealand in 2005. Andrew brings to the role over 25 years of experience in growing and leading highly effective teams globally and has capabilities in delivering high profile products and services on time through new business processes, design and strategies.

Andrew has worked closely with a number of pioneering clients and forged strong dedicated alliances in both the private and public sectors in the UK, US, Europe and Asia Pacific. It has given him a solid track record and experience in driving a wide range of technical and business development projects that resulted in optimal outcomes for all parties.

 

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1 April 2016

160401 MJP Defexpo 1009

We are very pleased to report that Martin Jetpack took centre stage at the ninth edition of DefExpo, the biennial exhibition of Land, Naval and Internal Homeland Security Systems, which got off to a spectacular start on the 28 March against the scenic backdrop of Naqueri Quitol in South Goa. It is the first time the event, organised by the Ministry of Defence, has been held outside the capital city of New Delhi.

Martin Aircraft Company’s participation at DefExpo was in direct support of our regional Alliance Partner M2K Technologies, who hosted our Business Development Manager, Catherine Stuart, and one of our static display Jetpacks. The Jetpack quickly became the “must see star of the show”, with visits from key officials from India's Fire, Police, Ambulance, Civil Defence, Search & Rescue, Humanitarian Assistance & Disaster Relief (HADR) and Homeland Security Services.

The highlight of the show was a formal visit by the Defence Minster, Manohar Parrikar, to the stand to learn more about the Martin Jetpack and its capabilities in both manned and unmanned operations and how this distributive technology is well placed as a solution for the many challenges that the complex operational environments in India present.

Attendance at this major regional event has generated a substantial number of sales leads and these will be followed up by our Alliance Partners supported by our Sales and Marketing team.  

160330 MJP FB 1001

 29 March 2016

Defexpo has kicked off in full swing and the venue has companies exhibiting the latest defense equipment. While some companies have brought their top of the line products to be displayed at the expo, one company looks to be sure to draw a huge crowd. New Zealand based Martin Aircraft co. has displayed a full scale static model of their Jetpack at the expo. The Jetpack is aimed for rescue, military, recreational and commercial purposes.

The future of defense seems to be focussed on unmanned air combat to avoid collateral damage through UAVs in the form of drones and remotely controlled missiles etc. The Martin Jetpack can be flown by a pilot or via remote control. It’s ability to take off and land vertically as well as it’s small dimensions makes it suitable for rescue situations. The company states that in a populated country like India, the Martin Jetpack can be the solution for search and rescue situations, as it can respond to emergency situations and can reach ultra-high dense urban environments which is difficult for any other rescue vehicles to reach to.

The Martin Jetpack technology presently consists of a purpose-built 200hp 2-litre gasoline engine driving twin-ducted fans to produce sufficient thrust to lift the aircraft and a pilot (Or equivalent weight) in vertical take-off and landing, and to fly up to speeds of 74 kmph. The torque-neutral design eliminates the need for a tail rotor, and an on-board inertial navigation system along with flight computer stability and control make the aircraft easy to fly.

The jetpack’s application varies from disaster management, search and rescue, police, fire services, surveillance, border patrol, counter terrorism, remote operations, ship to ship transfer, IED detection etc. Apart from it’s military and civil uses it can also be used commercially by the mining industry, oil and gas industry, monitoring high voltage transmission lines and gas pipelines etc. The Jetpack is able to carry heavy payloads of around 120 Kgs, which makes it suitable for commercial use. With an eye on the Indian market, The jetpack uses the MACL lift technology which makes a more stable aircraft, in contrast to a helicopter. The “Fly by wire” assisted flight makes it easy to fly. Martin Aircraft Company had signed a deal with M2K group at last year’s Paris Air Show to launch their Jetpacks in India, and they seem to be grabbing eyeballs at this year’s Defexpo with their full scale static model display as well.

25 March 2016

Martin Aircraft Company Limited (ASX:MJP) is pleased to announce that today it conducted the first New Zealand unmanned public flight display with its innovate and versatile Martin Jetpack.

Over 10,000 aviation enthusiast, VIPs and Media gathered at Wanaka Airport in the South Island of New Zealand for day 1 of the 3-day airshow to witness the display of a Martin Jetpack in its home country.

Today’s flights were conducted using the advanced P12 pre-production prototype. The P12 is the final testing model for the Martin Aircraft Company, which is due to release its Next Generation Jetpack in mid-2016 for delivery to First Responder customers in the second half of this year.

Speaking of today’s two demonstration flights, Martin Aircraft CEO and Managing Director, Peter Coker, says, “Since the beginning the Martin Jetpack has had a core group of loyal followers in New Zealand and increasingly internationally. Warbirds over Wanaka represents an opportunity for us to show our appreciation for this support and share with all aviation enthusiasts and their families that the Martin Jetpack dream has now become a reality.”

Test Pilot for both of today’s flights, Michael van der Vliet, comments, “Today’s flight was faultless. It’s such a privilege to be here today in Wanaka making aviation history and giving the public an opportunity to see the Jetpack operate in its unmanned rescue mode, which will be used in situations where traditional aircraft cannot operate, such as high rise tower rescues.”

Michael continues, “Flying the Jetpack remotely using its fly by wire system makes it extremely simple to operate and the safety systems make the Martin Jetpack one of the safest light aircraft on the market today. Also, unlike most quadcopters which are limited to a few kilograms, the Jetpack when operated remotely can lift up to 12okg, making it a very versatile UAV (unmanned air vehicle).”

Martin Aircraft is currently taking orders from First Responder service providers such as Fire, Police and Ambulance services.

 image

 Great action shot this morning during pre-flight take off checks

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16 March 2016

Wholesale Investor in conjunction with DLA Piper, SGX, PwC, NZTE, AusBiotech and OzForex will be hosting Martin Aircraft Company Limited (ASX:MJP) at the Wholesale Investor Melbourne Investor Evening on 17 March 2016.

During the event Mr Peter Coker, Chief Executive and Managing Director of Martin Aircraft Company, will present an Investor Relations update to investors, brokers, fund managers and industry participants on the recent conclusion of the Investment Agreement with majority shareholder KuangChi Science Limited and their net NZ$23.7 million convertible bond subscription. He will also be discussing how these funds will be deployed as the company moves into production later this year and will provide an update on progress against technical milestones and marketing activities.

For those unable to attend, a copy of the MJP presentation will be made available on Thursday 27th via the ASX and the company’s web site.

EVENT DETAILS:

Date: Thursday, 17th March 2016

Registration: 5.30pm Time: 6.00pm – 8.00pm

Venue: DLA Piper Offices, Level 21, 140 William Street, Melbourne VIC 3000

Catering: Drinks will be supplied during the event 

Cost: This is a free event for investors, stockbrokers and fund managers For more information about Melbourne Investor Evening click here.

Welcome to our March 2016 newsletter. Is this newsletter we announce KuangChi Science Limited pre-agreed further investment, a brief overview of our Interim Financial Statements for the Half Year ended 31 December 2015 and Investor Relations information for our current and potential investors. For those of you interested in the technical side of our operations, we provide some information on our exciting new temporary test facility and our production roadmap. We’ll also be looking at the upcoming events in which Martin Jetpack will be participating.


$23.7 Million for Jetpack Commercialisation

Martin Aircraft Company Limited (Martin Aircraft) (ASX:MJP) is delighted to announce that, in accordance with the arrangements agreed at the time of Martin Aircraft Company’s IPO in terms of which Martin Aircraft agreed a further funding arrangement with KuangChi Science Limited (KCS) in the form of a convertible bond, KCS has now subscribed for the convertible bond and has also exercised its option to sell its interest in the Company’s existing Hong Kong joint venture.

This provides Martin Aircraft with net proceeds of NZ$23.7 million, which it will use to continue the commercialisation of the Martin Jetpack. KCS has also provided Martin Aircraft with notice that in accordance with the terms of the Investment Agreement it wishes to immediately convert the convertible bond into fully paid ordinary shares in the Martin Aircraft Company. As a result of the current transactions, KCS increases its holding in Martin Aircraft to 52.0%.

Comments Peter Coker, CEO and Managing Director of Martin Aircraft, “We are delighted to have concluded the next phase of KCS investment in the company. Since Martin Aircraft’s IPO, KCS has been an extremely supportive shareholder and we are pleased to see KCS show its belief in the company and the Martin Jetpack by extending its investment as was originally contemplated. The Martin Aircraft Company welcomes KCS as its majority shareholder.”

With KCS additional funding now secured the Company is looking forward to focussing on finalising the commercialisation of the Martin Jetpack with an aim of first sales to market taking place in the latter part of 2016.

For more information on our agreement with KuangChi Science Limited please click here.


Release of Interim Financial Statements

Martin Aircraft Company Limited (Martin Aircraft) (ASX:MJP) is pleased to announce the release of its Interim Financial Statements for the Half Year ended 31 December 2015.

The Directors report that the Group’s operating loss after tax for the half year ended 31 December 2015 was NZ$4.6 million. The Group’s net result was a profit of NZ$4.9 million after taking into account favorable non-cash derivative movements.

In addition to NZ$4.6 million expenditure incurred in developing and commercializing the Jetpack, a further NZ$4.3 million development expenditure has been capitalised as an intangible asset in the period to reflect that the Jetpack is in the development phase.

Our new auditors invited us to consider a different treatment of the accounts in two areas regarding the convertible bond and Hong Kong Joint Venture Share Swap. This new treatment does not impact the company, its solvency or its actual cash position - they are valuation changes only based on a combination of observable and unobservable valuation inputs required to comply with NZ GAAP accounting standards. In summary, at this time the convertible bond funding has been received, the Company has $33.4 million cash and KCS ownership has increased to 52%. The majority of the derivative non-cash accounting entries will be reversed in the period to 30 June 2016 and the Company’s equity position will return to positive.

For further information, please refer to the Interim Financial Statements, click here.


Investor Relations Update in Sydney

On the 25 February Wholesale Investor in conjunction with ASX hosted Martin Aircraft Company Limited (ASX:MJP) at the Emerging Company Showcase 2016, which took place at the ASX Auditorium in Sydney. Peter Coker, Chief Executive and Managing Director of Martin Aircraft Company, presented an Investor Relations update to over 200 shareholders and potential investors.

A copy of Mr Coker’s presentation is available on Martin Aircraft’s Investor Relations web page, click here.


Warbirds over Wanaka

WOWposter2

With less than a month to go before this year’s Warbirds over Wanaka International Airshow the team at Martin Aircraft Company have been busy planning for this iconic event in New Zealand’s South Island.

Every two years over 65,000 people make their way to Wanaka for what is now considered the largest warbird airshow in the Southern Hemisphere. While not a trade show in the traditional sense and therefore no sales expected, Warbirds over Wanaka does provide an ideal location to demonstrate the flight capabilities and potential practical applications of the Jetpack to dedicated followers and future Jetpack pilots in the community. At this show Martin Aircraft Company will be planning to demonstrate the unmanned capability of the aircraft.

Says Chief Executive Officer and Managing Director of Martin Aircraft Company, Peter Coker, “Since the beginning the Martin Jetpack has had a core group of loyal followers in New Zealand and increasingly internationally. Warbirds over Wanaka represents an opportunity for us to show our appreciation for this support and share with all aviation enthusiasts and their families that the Martin Jetpack dream has now become a reality.”


Martin Jetpack to Exhibit at Indian Defence Expo

defexpo16

Martin Aircraft Company is pleased to announce that in collaboration with its Indian Alliance Partner M2K Technologies it will be attending the Defexpo 2016 show in Goa, India, from the 28th to 31 March. Defexpo India takes place every two years and the 2016 show is the ninth in the series of Land, Naval and Internal Homeland Security Systems Exhibitions. To date almost 900 companies from 44 countries have registered to attend.

India is the world’s second most populous country with more than 1.25 billion residents. There are more than 50 urban areas holding populations of more than 1 million, and in cities such as Mumbai the population density can be as high as 21,000 people per square kilometre. There are also large areas of the country and coastline subject to extreme weather conditions such as flooding and cyclones. This is where the Martin Jetpack can play a large role in saving human lives.

With its ability to take off and land vertically and to operate in confined spaces such as narrow streets and village squares, the Martin Jetpack is the ideal vehicle to respond to emergency situations in ultra-high dense urban environments where motor vehicles may struggle to arrive at a scene and helicopters are unable to operate due to overhead obstructions such as wires and aerials. Furthermore, its ability to carry payloads of up to 120kgs make it ideal to participate alongside the military in search and rescue support operations in extreme conditions within cities, out in the countryside and from ships at sea.

Although it will not be flying at the event, the Martin Aircraft Company will be sending a full scale static model of the Martin Jetpack to the show so that interested parties can easily come to grips with the technical specifications of the Jetpack and its search and rescue, military, and commercial applications, both manned and unmanned.

The M2K Technologies stand will be located in Hall 10 Stand Number 10.3.6

Further information on Defexpo 2016 can be found at https://www.defexpoindia.in/


New Flight Test Facility at Oxford

C

It may look like simply a large tent to passers-by, but Martin Aircraft Company’s new temporary Flight Test facility at Oxford forms a critical part of the flight-testing process as we move towards the final design and production of our Next Generation Jetpacks.

Constructed from aluminium beams professionally installed and surrounded by canvas tensioned by machine, the 15 metre high, 40 metre wide and 80 metre long light-weight structure is firmly anchored by 1.6 metre pegs driven into the ground. This makes it suitable for use in all types of weather, including rain, strong winds and even snow.

Explains Mike Read, VP Flight Operations for Martin Aircraft Company, “When a new type of aircraft is introduced or a new version of an aircraft comes off the production line, it is critical to get the most accurate data possible during testing. This new facility will enable us to test the aircraft in conditions with no wind, which ensures more precise information is captured from each flight”.


Technical Update

Rig

The Design Engineering department at Martin Aircraft has achieved a number of significant milestones recently that have ensured that the Martin Jetpack will be ready for commercialisation later this year.

A core team of analysts have joined Martin Aircraft and the company has leased some floating software licenses, enabling aircraft-standard analysis to be performed to achieve a more robust optimisation of the aircraft. At the same time, an additional set of licences has been leased to enable more detailed aerodynamic analysis (Computational Fluid Dynamics, CFD) to be performed. A full aircraft model is in the process of being built and will be coupled with flight tests. This is key in optimising the duct performance, understanding the flow of air around the aircraft, maximising the capability and performance of the cooling system and understanding in detail the control vane configuration.

Martin Aircraft has also acquired two new Thrust Rigs as part of its testing equipment. One of the Thrust Rigs has been sent to our partner engine company in the UK, which will perform the first integrated tests of the new engine and drive train, while the other is on site at Martin Aircraft for in-house testing. Says VP Design Engineering Simon Topping, “The purchase of the Thrust Rigs is a key step forward in understanding the actual thrust produced by the ducts and verifying the analysis work performed to date. Furthermore, the Thrust Rigs are critical to obtain a full suite of measurements to optimise the aerodynamic and structural design of the duct and vane assembly.”


Production Roadmap

Diagram2

The image below illustrates the base roadmap for the development of the manned (red) and unmanned (UAV) product lines. Both are based on the new Flight Control System being tested and configured on the P13 Unmanned Test Vehicle.

The purpose of P13 is to provide a platform for testing the new Flight Control System (FCS) in a controlled environment, which is planned for inclusion in the Next Generation Jetpack. It is also the stepping stone for our UAV models.

Our P14 manned vehicles have undergone a first Preliminary Design Review and have achieved a number of significant milestones in the areas of airframe, propulsion, ducts and vanes. The UAV P15 work-stream commenced post-Christmas with the mapping and understanding of potential capabilities, barriers to entry and effort required by Martin Aircraft to implement. This analysis has shaped the P15 design, with a specific focus on stability and control.


Key Appointments

Simon Topping – VP Design Engineering

Martin Aircraft Company is delighted to announce the appointment of Simon Topping as VP Design Engineering. Simon has been acting in the role of Head of Design Engineering since mid December and takes on this newly renamed position with immediate effect. Simon brings to the role tremendous experience in the aerospace industry gained while working at Airbus Operations Ltd in the UK, first as the lead engineer for composite structures and later as systems installation lead and finally as Head of A320neo Wing Systems Installation & Flight Test Instrumentation. More recently as Programme Manager at Smiths Detection, Australia, Simon was solely responsible for managing and delivering all security screening equipment to each of the G20 events throughout Australia, including the Leaders’ Summit in Brisbane. Simon holds a MEng (Hons) in Aerospace Engineering from the University of Manchester.

 

 

 

19 February 2016

Wholesale Investor in conjunction with ASX will be hosting Martin Aircraft Company Limited (ASX:MJP) at the  Emerging Company Showcase 2016 on Thursday 25th February at the ASX Auditorium.

During the event Mr Peter Coker, Chief Executive and Managing Director of Martin Aircraft Company, will present an investor relations update to over 280 investors, brokers, fund managers and industry participants.

For those unable to attend, a copy of the MJP presentation will be made available on Thursday 25th via the ASX and the company’s web site.

EVENT DETAILS:

Date: Thursday 25 February 2016

Registration: 12.30pm

Time: 1.00pm – 4.30pm

Venue: ASX Offices, Exchange Centre, 20 Bridge Street, Sydney NSW 2000

Catering: Drinks will be provided at the event

Cost: This is a free event for Family Offices, Sophisticated and Accredited Investors, Stock Brokers and Fund Managers.

For more information about Emerging Company Showcase 2016 click here.

10 February 2016

Martin Aircraft Company has been invited to be a VIP guest at this year’s TOP MARQUES MONACO show, which will take place at the Grimaldi Forum from April 14th to 17th 2016.

TOP MARQUES MONACO began as a dream 12 years ago and has since blossomed into the world’s greatest supercar show. In recent years it has expanded to showcase other aspects of a luxury lifestyle, such as elegant watches, state-of-the-art super boats and the very finest in bespoke jewellery.

Alongside the Monaco Grand Prix, Monte Carlo Rolex Masters and The Monaco Yacht Show, TOP MARQUES MONACO is a must attend for Europe’s elite and discerning, making it the perfect event to introduce personal Jetpack ownership to this market demographic.

Chief Executive Officer and Managing Director of Martin Aircraft Company, Peter Coker, states, “Martin Aircraft has to date focused on the key markets of first responder and commercial, which are our target customers for our initial Jetpacks. Now that we have been able to secure good traction in these market segments, it’s appropriate that we start to socialise the concept of future personal Jetpack ownership to the global community. “

Coker further comments, “Given the current potential demand for First Responder units, which are scheduled for delivery commencing later this year followed by our commercial product for the agricultural, mining, oil and gas industry, we need to start locking down production runs for this new line of Personal Jetpacks so as to ensure early adopter individuals are not disadvantaged.”

The Martin Jetpack is a disruptive technology, much like the helicopter was when first developed, with substantial capabilities. It is able to be flown by a pilot or via remote control and can take off and land vertically (VTOL). Because of its small dimensions, it can operate in confined spaces that other VTOL aircraft such as helicopters cannot access, such as close to or between buildings, near trees or landing on the deck of a super yacht without the need for a full size helipad.

The price of the Personal Jetpack is yet to be confirmed but it is likely to be in the region of US$150,000-$200,000. In addition, training and licence requirements will need to be established with the aviation authorities of each country, a process that is already underway in partnership with the New Zealand Civil Aviation Authority.

Comments Steven Saltzman, director of Top Marques Monaco, "Top Marques scours the world for exciting products that are at the leading edge of innovation and technological development. We are therefore thrilled to be able to provide the stage for the European launch of the Martin Personal Jetpack, which we know will resonate strongly with our guests. We are looking forward to offering His Serene Highness Prince Albert II of Monaco the opportunity to view a scale static model of the Jetpack and experience flying the Martin Jetpack using the full motion simulator that will be available throughout the show.”

Martin Aircraft Company’s stand will take prime position at the entrance of the impressive Grimaldi Forum, welcoming guests to what is arguably the most glamorous show on earth.

Further information on TOP MARQUES MONACO show at http://www.topmarquesmonaco.com/en/index.html

Video2

Watch Now

 29 January 2016

This newsletter is focused on the recent marketing activities of Martin Aircraft Company to give shareholders the background behind the recent announcements and also to outline how a marketing and sales cycle works within the aviation business with our target First Responder customers. The update covers a number of other topics including an overview of manned flight display in China, announcement of the formation of “Iron Man” clubs in China, and our participation at Intersec 2016 in Dubai.

The next newsletter will highlight some of the technical achievements to date and update shareholders on the production set up progress. 


Update on Sales Initiatives for 2016

As detailed in previous shareholder updates and the recent AGM, Martin Aircraft Company is deploying a beachhead marketing strategy focused initially on the First Responder market. This “chasm crossing” best practice model, is a tried and tested route for marketing distributive technology into mainstream markets, particularly those customers who are quite traditional and have long procurement cycles.We are deploying this model through a two tier approach, both acting directly with First Responder clients and, when appropriate, establishing Alliance Partnerships with approved distributorships to secure market reach and penetration.

As a pre-revenue company, we are critically aware of the need to populate the order book and lock in production runs so as to match customers with jetpacks and jetpack products as they are delivered off the production line later in 2016.Again using a standard process for aviation manufacturers, working alongside early adopter customers, we enter into Letters of Intent (LOI). After a process of negotiation and requirement defining, we revise the LOI into a Memorandum of Understanding (MOU) which further defines the outlined commercial terms and confirms practical elements such as training and licence requirements with the aviation authorities of each country. The final step is the all-important Contract (Sales/Lease Agreements, Provision of Services) which may, in addition to jetpack orders, include future options for additional aircraft and products etc.

As with many government organisations, First Responder’s budgeting cycles and procurement processes can be traditionally lengthy so we seek to address this in two ways. Firstly, we ensure our jetpacks feature in front of the key decision makers as early as we can, many of whom are unaware that such technology is about to be delivered to market, and indicate what capabilities it can provide as a tactical air asset. Such examples were the recent Airshows in Paris, Czech Republic and Dubai. We will continue to attend airshows where we know our target audience attends. We also attend speaking opportunities and demonstrate capability at select conferences using our simulators & jetpacks. Such is the pulling power of the Martin Jetpack that we are able to secure our place at major marketing events, some of which have been and will be as a guest of the hosting organisation.

To accelerate the procurement process and also manage the successful outcomes required by all stakeholders, Martin Aircraft Company will be working with a number of early adopter service providers using a “package of capabilities” approach. This will allow us to deploy and integrate jetpack operations into their traditional fleet using initially a type of leasing model that provides jetpacks, simulators, spare parts, training, people and process to ensure operational success. This platform capability model is quite common in the aviation industry and enables early adopters the opportunity to commence jetpack operations and technology transfer on an operational expenditure, basis before committing to capital expenditure which is often more budget restrained and time consuming to obtain.

The company plans to establish 3 or 4 of these beachhead customers globally over the next 12 to 18 months to meet our sales forecasts and once they have been successfully implemented, we will commence with the break-out phase, with sales to both commercial and personal jetpack markets from 2017 and onwards.

Up until now the marketing team within Market Aircraft Company has been very small as the emphasis has been on resourcing the technical design team and flight operations division. To support the growing marketing strategy the Sales & Marketing department has commenced a planned surge in resourcing with a number of key hires currently being made. In addition, the team is working through a programme of events and attendance at shows which will lead up to the much anticipated global unveiling of the commercial jetpack later in the year, for which planning is now well underway.


MJP to develop high rise firefighting capabilities

During the period 17-19 January 2016 Martin Aircraft Company was hosted by the Dubai Civil Defence on their stand at Intersec 2016. The Intersec exhibition is one of the world’s largest fire and security conferences, held each year in the Dubai World Trade Centre. It brings together the global leaders in first responder products and services, mainly in the fire sector with decision makers and key industry bodies.

This year’s event was no different, and the opportunity to work in close collaboration with Dubai Civil Defence, who are the Emirates’ Fire and Rescue service provider, afforded Martin Aircraft Company unparalleled access to both regional and international buyers. With the assistance of our hosts, we were able to introduce our innovative aircraft and its capabilities to an important target market.

With the recent events of the New Year’s Eve fire at “The Address” tower in Dubai still very much front of mind, much attention was given during the show to the challenges of high rise fires and the potential of the Martin Jetpack to solve many of these problems.

His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, who himself attended the fire on New Year’s eve in support of the Fire Service staff, was provided a personal tour of the Martin Jetpack and Simulator by Major General Rashid Thani Al Matroushi, Director-General of Civil Defence and Lt Col Expert Ali Hassan Almutawa, Director Operations, who is leading the Dubai jetpack implementation project. Martin Aircraft Company is very fortunate to have in the UAE such strong and visionary leadership that has recognised the importance and utility of our technology across the first responder community. In a fire service context, it has become clear from discussions with both Dubai Civil Defence and other potential buyers, that the Martin Jetpack, as a tactical air asset, would provide solutions in a number of key areas, including but not limited to: Intelligent surveillance Airborne command and control Initial intervention High payload drone – e.g. resupply of Breathing Apparatus Air Bottles High rise rescue using the Mule Train concept Rapid deployment of specialist teams

Martin Aircraft Company is very fortunate to have in the UAE such strong and visionary leadership that has recognised the importance and utility of our technology across the first responder community. In a fire service context, it has become clear from discussions with both Dubai Civil Defence and other potential buyers, that the Martin Jetpack, as a tactical air asset, would provide solutions in a number of key areas, including but not limited to:

  • Intelligent surveillance
  • Airborne command and control
  • Initial intervention
  • High payload drone – e.g. resupply of Breathing Apparatus Air Bottles
  • High rise rescue using the Mule Train concept
  • Rapid deployment of specialist teams

As part of our partnership with Dubai Civil Defence and following a best practice approach, we shall over the next few months, commence work on defining these various operational scenarios, undertake risk assessments, develop standard operating procedures and define the required training packages in preparation for delivery of the first units later in the year.

Commercially, with more than 28,000 trade buyers from 118 countries in attendance, the show was very successful with a lot of positive feedback from industry leadership and procurement departments.  We featured in a number of local and global media outlets, all of which provided excellent marketing for the Company and our jetpacks.

Chief Executive Officer and Managing Director of Martin Aircraft Company, Peter Coker, said, “Martin Aircraft has focused on the first responder markets for introduction of its innovative aircraft, the Martin Jetpack, which provides to organisations such as the Dubai Civil Defence, a significant operational advantage being able to carry commercial payloads of up to 120kgs, unlike most quadcopters which are limited in their payload capability”. We have generated from this exhibition a substantial number of sales leads and these will be followed up by our small sales and marketing team in the normal way, with announcements made at the appropriate time.” Said Coker.

Video 2 janNews


Manned Flight Display in China

The Company achieved a world first when on 6 December 2015, in front of a VIP crowd of over 2400 spectators, it performed a manned flight demonstration of its new P12.3 jetpack in Shenzhen, China. 

The display followed many months of preparation as the team at Martin Aircraft Company in conjunction with KuangChi Science Limited worked through the complex logistic challenges in Mainland China, scouted out suitable venues, and completed the flight evaluation and testing programme for the new aircraft so that it could be signed off for manned flight in support of our Joint Venture in China. 

Strategically, China is seen as one of our key target markets and the Company is well aware that for many customers “seeing is believing”. Having our aircraft conduct demonstration flights is one of our best sales tools, along with static displays and the flight simulators, which enable potential customers to experience and understand more about how this distributive technology can be utilised in ways that helicopters or light weight UAVs cannot.

Video 1 janNews

“Iron Man” Clubs for China

Concurrent with the Manned Flight Display in Shenzhen, Martin Aircraft Company Limited was pleased to announce that its Hong Kong based joint venture company, KuangChi Martin Jetpack Ltd (KCMJ), had signed 3 Intention Framework Agreements for a total of 100 manned jetpacks and 20 simulators.

It is noted that at this stage the agreements are subject to agreeing procurement contracts by 30 June 2016 which will include final purchase price and support for each of the packages.

The package is part of the China “Ironman Club” concept where each company provides Martin Jetpack and KuangChi Science capabilities in China.

The agreements were signed on 6 December 2015 at the first public flight demonstration of the P12 Martin Jetpack held at the Shenzhen OTC Waterpark in front of a crowd of 2,400 VIPs and distinguished guests along with members of the public. This marks another significant step forward for Martin Aircraft Company as it moves towards full commercialisation. The signing of the agreements follows a number of discussions led by both KuangChi Science Limited (HKSE: 00439) and the KuangChi Martin Jetpack Joint Venture in China.

The signing ceremony at Shenzhen was attended by senior representatives of KuangChi Science, companies buying the jetpacks and Martin Aircraft Company, including the Chair of Martin Aircraft, Mr Jon Mayson, Chairman of KuangChi Science and Director of Martin Aircraft Company, Dr Ruopeng Liu, Director of Martin Jetpack and Director of KCMJ, Dr Lin Luan and the Chief Executive Officer/Managing Director and Director of KCMJ, Mr Peter Coker.

SignPic

Next Phase of Manned Jetpack Test Flying February 2016

A new year and new beginnings as the Engineering team hands over to Flight Operations our next jetpack model for flight testing and evaluation. Designated P12.4, this new aircraft will join the jetpack fleet as a flight testing platform for both systems and component integration as we move forward to final design and production of the Next Generation Jetpacks (NG Model), which will be delivered to launch customers and partners later in the year.

In addition, the Unmanned Test Vehicle (UTV) specifically designed to provide the platform for the testing of the new flight control software, is progressing well and will also be handed to Flight Operations for specific test schedule flights in the near future.

Director of Flight Operations, Michael Read said, “Having multiple aircraft on the flight line enables our team to accelerate the flight testing programme which is a requirement for certification. It also allows additional flexibility to support Sales & Marketing efforts as well as affording us the opportunity to train more pilots and ground crews.”

Director of Flight Operations, Michael Read said, “Having multiple aircraft on the flight line enables our team to accelerate the flight testing programme which is a requirement for certification. It also allows additional flexibility to support Sales & Marketing efforts as well as affording us the opportunity to train more pilots and ground crews.”

As a Former Royal Australian Air Force (RAAF) pilot, Michael holds a Bachelor of Science and an Airline Transport Pilot’s Licence and has extensive aviation experience and knowledge, including flight testing and certification.

Explaining the upcoming test schedule he said, “Now that the Fundamentals Test Programme has been completed on the P12 series of aircraft, Flight Operations are commencing a refinement test programme. This will help to expand the flight envelope, and to understand the potential operating environments for the jetpack (built up areas, aircraft formations, obstacles, different environments, etc.). We are also examining a fully integrated parachute test programme on the P12, with aircraft being recovered onto our new 40m x 20m airbag. All of this data will feed directly into both the NG programme and flight simulator programme to ensure that initial designs, flight models, planned test items and test methods are valid, thus minimising the time to market for our next range of products”, said Mr Read.

Work


Staffing Update Key Appointments

The marketing team is being expanded over the next few weeks to include a business development manager and a marketing & communications manager. In addition, part of our marketing philosophy is to ensure we have the correct level of representation in the market segments that we are targeting. To that end Martin Aircraft Company is pleased to announce the following key advisory appointments:

 profile1 Sheik Samir Mirdad – Middle East Regional Chief Strategist
Sheikh Samir Mirdad is a Saudi Arabian National who lives in Dubai. Sheikh Samir is an advisor to royal family members in the Arabian Gulf and joins Martin Aircraft Company as our Regional Chief Strategist Advisor. Sheikh Samir advises governments and institutions on large scale investment and capital projects, both within and outside the region, and has advised on projects in excess of US$20 billion dollars. Most recently he has been heavily involved in the Euro 200 million dollar New Doha Airport project in Qatar. In addition to his business interest, Sheik Samir is a keen sportsman. He is currently holder of the world amateur show jumping title and is well known in both Football and MotoGP circles.
Tony McGuirk CBE, QFSM, MSc, FIFireE, FIIRSM - Fire Service Chief Strategist
Tony McGuirk joins Martin Aircraft Company as our First Responder Strategist with a particular focus on the Fire Services. Tony has over 35 years’ experience in the Fire and Civil Defence profession, with a track record of managing major incidents and crises, alongside driving radical organisational transformation through an authentic and collaborative leadership style and an ability to leverage strategic partnerships. Tony has been a Divisional Commander and Chief Fire Officer and has first-hand experience in introducing disruptive technology into the services. He has extensive senior level networks in Australia, New Zealand, USA, Canada, Europe and the UK, and is an Associate of International City Managers Association (USA). Tony is a Fellow of the Institution of Fire Engineers, Fellow of the International Institute of Risk and Safety Management, a Graduate of Harvard Business School, a Graduate of the UK Civil Service Top Managers' Programme, and holds a Master’s Degree in Human Resource Management.
Profileb
 Profile Clare Clare Attenborough
Clare brings a broad range of international marketing and strategy skills to the role of Marketing and Media Manager. For the past few years she has been working as a marketing and communications consultant to predominantly technology businesses in the UK, Dubai, Australia and New Zealand where she has become adept at quickly understanding local markets and client requirements in these markets. Prior to this she held various analytical and strategic roles at British Telecom where she led virtual teams from across the organisation to provide market insight and strategic direction to the Board. Clare holds an MBA from CASS Business School, London, where she focussed on the strategic management of technology, and a law degree from the University of Cape Town.
Catherine Stuart
Catherine Stuart joins Martin Aircraft as our Business Development Manager with a focus on developing new markets and opportunities locally and internationally. Catherine, has over 28 years’ experience in Business Development and was a Senior Executive Manager for an IBM Partner global services business development team, managing the Resources Industry sector within the Asia Pacific Region. During her eleven year tenure working closely with IBM, Catherine gained a wealth of experience within a broad range of industry, resources and multi-national company business development and account management. Catherine’s has extensive experience in the development of sales channels, and licensing technology to large multi-national companies, including large portfolio of clients within Government, Airline, Geospatial and Resources Industry sectors. Catherine is also known for her work in infrastructure re-development of war torn countries and her extensive work in Humanitarian Development, achieving fifty-seven successful and sustainable micro-enterprise and rural food security projects in sub-Saharan Africa through the establishment of an international trade network to support growth.
CSmart

22 January 2016

Intersec2016

Photo- His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum speaking with Martin Aircraft CEO/MD Peter Coker

Martin Aircraft Company Limited (Martin Aircraft), (ASX:MJP) is pleased to announce that over the period 17-19 January 2016, Martin Aircraft was hosted by the Dubai Civil Defence on their stand at Intersec 2016.

The Intersec exhibition is one of the world’s largest fire and security conferences, held each year in the Dubai World Trade Centre. It brings together the global leaders in first responder products and services with decision makers and key industry bodies.

This year’s event was no different, and the opportunity to work in close collaboration with Dubai Civil Defence, who are the Emirates’ Fire and Rescue service provider, afforded Martin Aircraft Company unparalleled access to both regional and international buyers. With the assistance of our hosts, we were able to introduce our innovative aircraft and its capabilities to an important target market.

With the recent events of the New Year’s Eve fire at “The Address” tower in Dubai still very much front of mind, much attention was given during the show to the challenges of high rise fires and the potential of the Martin Jetpacks to solve many of these problems.

His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, who himself attended the fire on New Year’s eve in support of the Fire Service staff, was provided a personal tour of the Martin Jetpack and Simulator by Major General Rashid Thani Al Matroushi, Director-General of Civil Defence and Lt Col Expert Ali Hassan Almutawa, Director Operations, who is leading the Dubai Jetpack implementation project.

Martin Aircraft is very fortunate to have in the UAE such strong and visionary leadership that has recognised the importance and utility of our technology across the first responder community. In a fire service context, it has become clear from discussions with both Dubai Civil Defence and other potential buyers, that the Martin Jetpack, as a tactical air asset, would provide solutions in a number of key areas, including but not limited to;

• Intelligent surveillance
• Airborne Command and Control
• Initial intervention
• High payload drone – e.g. Resupply of Breathing Apparatus Air Bottles
• High Rise rescue using the Mule Train concept
• Rapid deployment of specialist teams

As part of our partnership with Dubai Civil Defence and following a best practice approach, we shall over the next few months, commence work on defining these various operational scenarios, undertake risk assessments, develop standard operating procedures and define the required training packages in preparation of delivery of the first units later in the year.

Commercially, with more than 28,000 trade buyers from 118 countries in attendance, the show was very successful with a lot of positive feedback from industry leadership and procurement departments. We featured in a number of local and global media outlets, all of which provided excellent marketing for the Company and our Jetpacks.

Chief Executive Officer and Managing Director of Martin Aircraft, Peter Coker said, “Martin Aircraft has focused on the first responder markets for introduction of its innovative aircraft, the Martin Jetpack, which provides to organisations such as the Dubai Civil Defence, a significant operational advantage being able to carry commercial payloads of up to 120kgs, unlike Quadcopters which are limited in their payload capability”.

We have generated from this exhibition a substantial number of sales leads and these will be followed up by our small sales and marketing team in the normal way, with announcements made at the appropriate time.” Said Coker.

12 January 2016

Martin Aircraft has been invited to be a guest of Dubai Civil Defence at this year’s Intersec2016 which is being held over January 17-19 at the Dubai International Convention and Exhibition Centre.

Intersec is the world’s leading trade fair for Security, Safety and Fire Protection. For 17 years Intersec has proven to be the No1 business platform in the MENA region and beyond for the first responder community and Martin Aircraft is very proud to be attending this year’s event in support of the fire fighters of Dubai Civil Defence.

Last year’s show featured 1,234 exhibitors and welcomed more than 27,303 visitors from 118 countries which made it the largest Intersec of all times.

The Dubai Civil Defence stand will be a highlight of the show and recent event with high rise fire operations is expected to bring much attention to the application and deployment of Jetpacks in such situations. 

The Martin Jetpack, with its ability to be operated both manned and unmanned, has a significant operational advantage in that it is able to carry a commercial payload of up to 120kgs, unlike quadcopters which are generally limited to only a few kilograms.

In addition, we are designing and building a half size (medium lift) unmanned test vehicle, that could be capable of lifting up to 50Kg, to meet a growing market demand in the UAV 10kg to 50kg lift capability range.

Martin Aircraft’s stand will be located in Hall 3, Stand 3G24

Further information on Interec2016 can be found at this link http://www.intersecexpo.com

Intersec2016

8 December 2015

China is one of the fastest growing markets for aviation and recent civil aviation developments has seen previously off-limit airspace being opened up for civilian operations.

On 6 December 2015 at Shenzhen China in front of a crowd of 2,400 VIPs and distinguished guests, Martin Aircraft Company in collaboration with KuangChi Science flew the following Manned and Unmanned demonstration of the P12 Martin Jetpack.

A signing ceremony was conducted at the completion of the demonstration to announce the launch of the “Iron Man” Clubs for China with 3 Intention Framework Agreements for a total of 100 manned Jetpacks and 20 simulators.

The Following Video footage is of our Manned Flight on Sunday (Click on the Image to play)

china 1

 

6 December 2015

china 3

Martin Aircraft Company Limited (Martin Aircraft), (ASX:MJP) is pleased to announce that its Hong Kong based joint venture company, KuangChi Martin Jetpack Ltd (KCMJ), has signed 3 Intention Framework Agreements for a total of 100 manned Jetpacks and 20 simulators.

It is noted that at this stage the agreements are subject to agreeing procurement contracts by 30 June 2016 which will include final purchase price and support for each of the packages.

Each package is part of the China “Ironman Club” concept where each Company provides Martin Jetpack and KuangChi Science capabilities in China.

The agreements were signed on 6 December 2015 at the first public flight demonstration of the P12 Martin Jetpack held at the Shenzhen OTC Waterpark in front of a crowd of 2,400 VIPs and distinguished guests along with members of the public. This marks another significant step forward for Martin Aircraft as it moves towards full commercialisation. The signing of the agreements follows a number of discussions led by both KuangChi Science Limited (HKSE: 00439) and the KuangChi Martin Jetpack Joint Venture in China.

The signing ceremony at Shenzhen was attended by senior representatives of KuangChi Science, companies buying the Jetpacks and Martin Aircraft Company including the Chair of Martin Aircraft, Mr Jon Mayson, Chairman of KuangChi Science and Director of Martin Aircraft Company, Dr Ruopeng Liu, Director of Martin Jetpack and Director of KCMJ Dr Lin Luan and the Chief Executive Officer/Managing Director and Director of KCMJ, Mr Peter Coker.

china 4

China is one of the fastest growing markets for aviation and recent civil aviation developments has seen previously off-limit airspace being opened up for civilian operations, a move which in the Company’s opinion has created a strong demand for private aviation.

End

20 November 2015

The following video is a practice flight display for an upcoming public event to be held in China in early December 2015.

Over the last six months, Martin Aircraft has been taking the P12 jetpacks through a formal flight testing and evaluation programme which differs from previous testing as these aircraft have been built in more of a production environment, using rigorous build configuration controls and processes.

As a result of the implementation of advanced aircraft sub-systems and better design, the manned flight testing phase has confirmed significant improvements in aircraft handling and maneuverability from earlier test flights.

DubaiVIP2

11 November 2015

Martin Aircraft Company Limited (Martin Aircraft) (ASX: MJP) is pleased to announce that it has signed a Memorandum of Understanding (MoU) with the Directorate of Civil Defence for the intended future delivery of manned and unmanned Jetpacks, Simulators, Spares Parts, Support Services and both Pilot and Engineer training for appropriate Civil Defence and Fire Service personnel.

The agreement was signed on 9 November 2015 at the Dubai Air Show and marks a significant step forward for the advanced delivery of first responder services in the United Arab Emirates.

The signing ceremony at the Dubai Air Show was attended by Lt Col Expert Ali Hassan Almutawa, Director Operations on behalf of Major General Rashid Thani Al Matroushi, Director-General of Civil Defence and senior representatives of both the New Zealand and Dubai government, along with the Chief Executive Officer/Managing Director of Martin Aircraft Company Mr Peter Coker.

Lt Col Ali Almutawa said that “The vision of Dubai Civil Defence (DCD) is protecting lives, properties and environment and to provide fast professional service, efficient investment of human and material sources to give best results. Dubai is one of the fastest growing future cities in the world with its modern skyscrapers and vast infrastructure it has always been a world leader in adapting new technology to improve and save people’s lives, the introduction of Martin Jetpacks into our fleet of emergency response vehicles is another example of how Dubai leads the world” he said.

The Martin Jetpack is a disruptive technology, much like the helicopter was when first developed, with substantial capabilities and is able to be flown by a pilot or via remote control. The Jetpack can take off and land vertically (VTOL) and because of its small dimensions, it can operate in confined spaces such as close to or between buildings, near trees or in confined areas that other VTOL aircraft such as helicopters cannot access.

This highly responsive tactical air asset allows for rapid deployment for Civil Defence roles such as; Intelligent surveillance, Initial intervention, heavy lift payload drone, high rise rescue, and rapid deployment of specialist teams.

The parties are working towards the future delivery of a Martin Aircraft package with an initial tranche of upto 20 Jetpacks and 2 simulators. It will also include initial training services and operational support with sale is subject to agreeing a supply contract.

Commenting on the agreement, Chief Executive Officer/Managing Director of Martin Aircraft, Peter Coker said, “Martin Aircraft has focused on the first responder markets for introduction of its innovative aircraft, the Martin Jetpack which provides to organisations such as the Dubai Civil Defence a significant operational advantage being able to carry commercial payloads of up to 120kgs unlike Quadcopters which are limited to only a few kilograms”. The UAE has such strong and visionary leadership that has recognised the importance and utility of our technology and we look forward to the day when His Highness Sheikh Hamdan, who we know is also a keen aviator, flies one of our Jetpacks and experience the practicality of what the future holds for us all”, said Coker

11 November 2015

This month, MACL is rolling out its new Aircraft Maintenance Software program. Traditional paper-based CAA logbooks are being replaced with an integrated system that allows us to produce, maintain and provide after sales support in a manner consistent with aviation standards (in particular Parts 148 and Parts 145). The Canadian company who produce the software (AMS) have over two hundred aviation companies using their software to support the operations of aircraft. Special customisations were conducted last week, during the week-long in-house training, whereby the system was set up to allow our future customers to access maintenance data about their aircraft from anywhere in the world, including on their tablet or mobile phone. MACL will be able to forecast when any aircraft in the fleet globally, is due for maintenance or requires fault rectification.

DubaiVIP

9 November 2015

Martin Aircraft Company Limited (Martin Aircraft) (ASX: MJP) at the Dubai Air Show today, had the pleasure to host a visit to our stand by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Major General Rashid Thani Al Matroushi, Director-General of Civil Defence, His Excellency Jeremy Clarke-Watson, New Zealand Ambassador and senior representatives of both the New Zealand and UAE government.

3 November 2015

With international interest in Martin Jetpack at an all-time high and the funding in place to move into the next exciting phase of commercial development our team of specialist engineers is set to grow significantly over the coming months. A career with us will provide you with the opportunity to be one of the early pioneers joining a small, hardworking and dynamic group of Engineers. There are new and different challenges on a daily basis which will test your technical expertise and capacity to think outside of the box. You'll have access to ongoing training and development relevant for your role and given our growth plans and the company's relative early stage of development, there will be career progression opportunities for the right people.

We are currently looking to hire:

  • Head of Aircrew & Testing
  • RPAS Operator & Unmanned Aircraft Systems Analyst
  • Mechanical Design Engineer
  • Senior Mechanical Design Engineer
  • Systems Engineer
  • Sustainability Team Leader
  • Software/Systems Engineer (Sustainability Team) 
  • Electrical Engineer
  • UAV Programme Manager 
  • Quality Systems Manager
  • Senior Flight Operations Technician

For more information contact our Engineering and Technical recruitment partners at The Talent Hive by emailing your enquiry and CV to This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling +64 (0)3 2818448 and asking for Matt Love-Smith or Marc Denholm. All enquiries are treated in the strictest confidence.

CareerAndLogo

23 October 2015

Martin Aircraft Company Limited is pleased to announce that additional models of its P12 Prototype aircraft have achieved New Zealand CAA approval for manned flight.

P12.3 registered as ZK-JMK passed its Sports Aircraft Corporation (SAC) annual airworthiness inspection, and received a New Zealand Civil Aviation Authority (CAA) Manned Flight Permit. This third aircraft in the P12 series differs from previous as it has been built in more of a production-environment, using rigorous build-configuration-controls and processes.

To enable initial flight fine tuning of the flight control system, zero wind conditions are required. To achieve this in a controlled  test environment the flights were conducted inside the full covered Forsyth Barr Stadium in Dunedin, New Zealand.

13 October 2015

In this video interview, CEO and Managing Director Peter Coker discusses the technical aspects and potential applications for the Martin Jetpack, capitalising on its flexibility in demanding operational environments. He also outlines the ability to continue to fund the programme to full commercialisation. First commercial delivery is expected in the second half of 2016, with emergency first responders the initial target market. The move from a research-led, non-revenue company to a fully industrialised manufacturer provides an interesting proposition as future technical milestones are achieved, with technical risk mitigation a current priority.

29 September 2015

Martin Aircraft Company Limited (Martin Aircraft), (ASX:MJP) is pleased to announce that it has publish its first Annual Report as a Publically Listed Company and is available by following this link

Warbirds over Wanaka 2016

28 September 2015

Public Flight Displays

Martin Aircraft Company Limited (Martin Aircraft), (ASX:MJP), is pleased to announce that it will be conducting public displays at next year’s Warbirds over Wanaka International Air Show to be held 25 - 27 March 2016.

This announcement is the first in a series of public flight displays in which the company will demonstrate the world's first practical personal jetpack, with potential usage spanning search and rescue, military, recreational, and commercial applications.

Martin Aircraft is working on a global flight demonstration programme and is currently in discussions with a number of Civil Aviation Authorities/Federal Agencies and Flight Display Committees (for Air Shows), to enable the Martin Jetpack to conduct displays in other regulatory jurisdictions. The company has been able to advance these discussions as a result of achieving a number of key technical milestones as detailed in the capability roadmap.

Chief Executive Officer/Managing Director of Martin Aircraft, Mr Peter Coker, said “It gives us great pleasure to announce our participation at Warbirds over Wanaka as it will provide an opportunity for New Zealanders and international visitors to see first-hand the flight characteristics and unique operational capabilities that the Martin Jetpack has over traditional aircraft such as helicopters”.

“Our Sales and Marketing team, along with our Flight Operations group, have been making excellent progress in securing the required approvals, and we anticipate being able to make further announcements in the very near future regarding other public flight displays, by our Martin Aircraft display team, in key markets for the 2015/2016 air show season.

General Manager of Warbirds over Wanaka, Mr Ed Taylor, said that “Warbirds over Wanaka is delighted to have the opportunity to present the New Zealand designed Martin Jetpack to the Kiwi and international public at our 2016 Airshow. As it has recently had outstanding acceptance in Europe and Asia, we believe the Jetpack has the potential to become a significant international export earner for New Zealand.”

Airtec 2015

28 September 2015

Martin Aircraft has been invited to be a guest at this year’s International Aerospace Supply Chain Conference, AIRTEC 2015, which will be held in the Bavarian city of Munich, Germany, on 3 - 5 November 2015.

In its 10th year, AIRTEC is widely respected in Europe as a key event for business and technology in the aeronautical sector. This year’s tradeshow and conference will have a particular focus on the rapidly emerging US$98 billion Unmanned Aerial Vehicle (UAV) market and the civil UAV market.

The Martin Jetpack, with its ability to be operated both manned and unmanned, has a significant operational advantage in that it is able to carry a commercial payload of up to 120kgs, unlike quadcopters which are generally limited to only a few kilograms.

In addition, we are designing and building a half size (medium lift) unmanned test vehicle, that could be capable of lifting up to 50Kg, to meet a growing market demand in the UAV 10kg to 50kg lift capability range.

The organisers of AIRTEC 2015 were very keen to have a Martin Jetpack on display at this year’s event, and with the support of our Alliance Partners MACSRO of the Czech Republic, we will be positioning a static aircraft and flight simulator to Munich for the show, the latter configured for UAV demonstrations.

Martin Aircraft’s stand will be located in Hall C3, Booth G126.

Further information on AIRTECH 2015 can be found at airtec.aero

 

28 September 2015

Martin Aircraft is pleased to announce that it will be exhibiting at the Dubai Airshow from 8 - 12 November 2015. The last event held in 2013 attracted 1,046 exhibitors from 60 countries, over 60,000 trade visitors, 1,735 international and regional media, and an order book of $206.1 billion – the largest in any air show in history.

Established in 1986, the Dubai Airshow (DAS2015) has grown rapidly to become one of world’s premier trade shows for the aviation industry and its professionals.

For Martin Aircraft, the Middle East is an important region both in terms of economic strength and appetite for ground-breaking technologies such as the Martin Jetpack and our heavy lift UAV. This is reflected with the number of strong sales leads currently being developed, and the opportunity to further showcase our aircraft with a static display, trade stand and full flight simulator will be an important step forward to securing sales in this part of the world.

Martin Aircraft’s stand will be located at stand number 2240.

Further information on DAS2015 can be found at www.dubaiairshow.aero.

Dubai Airshow 2015

 

Martin Jetpack Company

28 September 2015

Building a Jetpack requires the skills and knowledge of a team of specialised engineers and technicians working together to solve complex engineering challenges and to develop new innovative solutions.

The company workforce has now increased to 50, a significant increase from our pre IPO days. Such a growth has allowed the technical team to focus on de-risking the technical areas that were highlighted in the prospectus. 

The team has established a robust development engineering department, and a separate flight operations group to support all test and marketing flying of the Jetpack. 

The combination of funding and human capital is a critical success factor for Martin Aircraft as it moves towards commercialising and production in 2016.

img 2824

Photo Mr Zdenek Ricar (Centre) Mr Jan Spudich (Front) and the MACSRO Staff at CIAF2015.

8 September 2015

Prague based Alliance Partners Martin Aircraft Company s.r.o. (MACSRO) this weekend at Hradec Kralove airport unveil for the first time in the Czech Republic the world's first practical jetpack at the Czech International Air Fest (CIAF).

Held during the weekend of 5/6 September at the airport in Hradec Králové crowds of over 150,000 spectators and aviation professionals gathered to take part in one of Eastern Europe's major aviation events a highlight for many will be the opportunity to see firsthand something straight out of a James Bond movie.

Securing the rights to be the very first European company to offer this exciting new mode of transport has been made possible through the efforts of well-known local business leader Mr Zdenek Ricar and his business partner Mr Jan Spudich both of whom are technology enthusiast and Managing Directors of MACSRO.

Managing Director Mr Zdenek Ricar said that "We are very excited to lead the European aviation community in the being the first to offer Martin Jetpacks. Over the weekend at the airshow we exhibited the Jetpack to potential regional customers and suppliers, as well as providing simulator flight demonstrations".

Mr Jan Spudich added that "With the Czech Republic's history of aviation excellence it makes sense to launch the Martin Jetpack here at CIAF as is the largest air show and competition of top military and civilian aircraft in the Czech Republic".

"We are already in early stage discussions with potential customers here and the opportunity to see firsthand what a jetpack looks like and explore its operational capabilities through the use of the high fidelity simulator has been a real success for us here at the Air Show" said Spudich.

MACSRO has plans to open a Show Room later in the Year for European customers to visit.

31 July 2015

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Martin Aircraft Company Limited (Martin Aircraft), (ASX:MJP) is pleased to announce that in collaboration with our European beachhead partner Martin Aircraft Company s.r.o. (MACSRO) we shall be participating with a simulator and static aircraft in the Czech International Air Fest (CIAF) which will be held at Hradec Kralove on 5th and 6th September 2015.

CIAF is the largest air show and competition of top military and civilian aircraft in the Czech Republic. Held in early September at the airport in Hradec Králové crowds of over 150,000 spectators and aviation professionals gather to take part in one of eastern Europe’s major aviation events.

At this year’s show Martin Aircraft will introduce to the European aviation community the latest model of the Martin Jetpack, the world’s first practical personal jetpack, with potential usage spanning search and rescue, military, recreational and commercial applications, both manned and unmanned. Over the 2 days of CIAF, the Martin Jetpack will be exhibited to potential regional customers and suppliers, as well as simulator demonstrations being available.

 
Further information on CIAF can be found at www.airshow.cz

We continue to grow and there has never been a better time to join us.

Martin Aircraft HQ


With international interest in Martin Jetpack at an all-time high and the funding in place to move into the next exciting phase of commercial development our team of specialist engineers is set to grow significantly over the coming months. A career with us will provide you with the opportunity to be one of the early pioneers joining a small, hardworking and dynamic group of Engineers. There are new and different challenges on a daily basis which will test your technical expertise and capacity to think outside of the box. You'll have access to ongoing training and development relevant for your role and given our growth plans and the company's relative early stage of development, there will be career progression opportunities for the right people.


We are currently looking to hire:

  • Mechanical Design Engineer
  • Senior Mechanical Design Engineer
  • Aerodynamics Engineer
  • Substantiation Engineer (Mechanical)
  • Senior Substantiation Engineer (Mechanical)
  • Systems Test Engineer - Software
  • Software Engineer
  • Senior Software Engineer
  • Systems Engineer
  • Electronics Engineer
  • Flight Simulator Technician


For more information contact our recruitment partners at The Talent Hive by emailing your enquiry and CV to This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling +64 (0)3 2818448 and asking for Matt Love-Smith or Marc Denholm. All enquiries are treated in the strictest confidence.

21 June 2015

img 2263


Today the 51st The International Paris Air Show, known locally as "Salon international de l'aéronautique et de l'espace, Paris-Le Bourget" draws to a close.


For the Martin Aircraft Company the Show has been an overwhelming success both in terms of the business and the opportunity introduce to the global aviation community the latest model of the Martin Jetpack, the world's first practical personal jetpack, with potential usage spanning search and rescue, military, recreational and commercial applications, both manned and unmanned.


Thanks to the excellent coverage on all the major international media channels our stand at Le Bourget rapidly became the "must see" aircraft exhibit for the over 130,000 trade visitors to the show. We even had VIP guests fly in especially to come and meet with us having read about our participation in Paris from as far away as India, the Middle East and the United States.


Highlights include the four agreements signed in Paris, namely;

  • An agreement with Beijing Flying Man Science & Technology Ltd involves the parties working towards the future delivery of a Martin Aircraft package with an initial tranche of 100 manned Jetpacks, 50 unmanned Jetpacks, 25 static models and 25 simulators. It is noted that at this stage the agreement is a strategic co-operation agreement and any sales are dependent upon a successful supply agreement.
  • An agreement with Beijing Voyage Investment Ltd a subsidiary company of well-known Chinese-based AVIC International Holdings Ltd for the intended future delivery of manned and unmanned Jetpacks, simulators, and static models.
  • An alliance agreement with Czech Republic-based Martin Aircraft Company s.r.o. to establish a European sales centre for the Martin Jetpack.
  • An alliance agreement with New Delhi based M2K Group Ltd to establish a regional sales presents in commercially important India market.


We look forward to returning to Paris in 2017 and have already commenced discussions with the Air Show organisers on having a Martin Jetpack flight display in the program.

Martin Aircraft enters four agreements related to the Martin Jetpacks at Paris International Air Show

16 June 2015

mjp ann

Today was an exciting day at the 51st International Paris Air Show for New Zealand-based Martin Aircraft Company Limited (Martin Aircraft or Company)(ASX:MJP) as it has made four major announcements, including the establishment of a significant business relationship based in China, that the Company hopes will open up commercial opportunities for its innovative and futuristic Martin Jetpack.

Named as one of Time magazine's Top 50 inventions for 2010, the Martin Jetpack is the world's first practical jetpack, with potential search and rescue, military, recreational and commercial applications, both manned and unmanned.

The Martin Jetpack has quickly become one of the more interesting exhibitors at this year's Paris Air Show capturing the imagination of both governments and industry participants.

Chief Executive Officer/Managing Director of Martin Aircraft, Mr Peter Coker said, "We knew that coming to Paris would be an important commercial milestone for us as we launch the Martin Jetpack and our Heavy Lift Unmanned Aerial Vehicle onto the global stage, but we were not prepared for the scale of interest that the Martin Jetpack has generated in just the last two days alone",

The four agreements signed by Martin Aircraft today in Paris are:

  • An agreement with Beijing Flying Man Science & Technology Ltd involves the parties working towards the future delivery of a Martin Aircraft package with an initial tranche of 100 manned Jetpacks, 50 unmanned Jetpacks, 25 static models and 25 simulators. It is noted that at this stage the agreement is a strategic co-operation agreement and any sales are dependent upon a successful supply agreement.
  • An agreement with Beijing Voyage Investment Ltd a subsidiary company of well-known Chinese-based AVIC International Holdings Ltd for the intended future delivery of manned and unmanned Jetpacks, simulators, and static models.
  • An alliance agreement with Czech Republic-based Martin Aircraft Company s.r.o. to establish a European sales centre for the Martin Jetpack.
  • An alliance agreement with New Delhi based M2K Group Ltd to establish a regional sales presents in commercially important India market.

The signing ceremony was witnessed by senior government representatives of New Zealand, China, India and the Czech Republic, along with the Chair of Martin Aircraft, Mr Jon Mayson, Chairman of KuangChi Science and Martin Aircraft Director Dr Ruopeng Liu, and Chief Executive Officer/Managing Director of Martin Aircraft, Mr Peter Coker.

Commenting on the signing of the four agreements, Mr Coker said, "The Company has progressed rapidly since its public listing on the Australian Securities Exchange earlier in the year. We are now well on the path to commercialisation and our move from a Research & Development company to a commercial entity is well marked today with these announcements.

Mr Coker noted that "Production will be primarily undertaken at our New Zealand manufacturing facility and with an expected eventual capacity of up to 500 units per annum, we are confident we can meet the demands from both the Chinese and International markets".

Martin Aircraft is currently exhibiting at the Paris Airshow and can be located in Hall 5 G249.
END

13 June 2015

Come and explore the Martin Jetpack in the comfort of your Home or Office with our new Augmented Reality Application.

 

jetpack app 1jetpack app 2

Just like the Martin Jetpack, during the past two decades, augmented reality (AR) went from science fiction pipe dream to practical reality. Essentially, augmented reality means building upon the real, physical world around us by displaying information overlays and digital content tied to physical objects and locations.

With the Martin Jetpack augmented reality app, you can by using a specially encoded coaster bring a 3D Jetpack to life in the comfort of your home or office. You can watch videos of the jetpack and its special features, study technical information and diagrams plus much more!

Available in both Android and iOS devices it’s free to download here

8 June 2015

This specially commissioned booklet explores the unique and wonderful world of the Martin Jetpack through powerful imagery.

Reconnect with your passion for flight and discover what makes this innovative and futuristic aircraft something truly special.

7 June 2015

Just over a week to go before the start of the 51st Paris Air Show which will take place at Le Bourget exhibition centre, Paris, France, from 15 to 21 June 2015.

The team in Wigram have been putting in the long hours getting one of our P12 Jetpacks ready for airfreighting along with a custom build trade stand and prototype simulator which will be making its debut at this prestigious event.

img 1062

The International Paris Air Show, known locally as "Salon international de l'aéronautique et de l'espace, Paris-Le Bourget" is the world's oldest and largest air show. Established in 1909, The Paris Air Show is arguably the world's premier trade show for the aviation industry and its professionals. Held every 2 years it draws the biggest and the best aviation companies, suppliers and users from around the world who showcase their products and services to an audience of global buyers and operators including customers in the First Responder community and Government agencies which are earmarked to be key clients of Martin Aircraft following commercialisation of the Martin Jetpack.

At this year's show Martin Aircraft will introduce to the global aviation community the latest model of the Martin Jetpack, the world's first practical personal jetpack, with potential usage spanning search and rescue, military, recreational and commercial applications, both manned and unmanned. Over the six days of the Paris Air Show, the Martin Jetpack will be exhibited to potential global customers and suppliers, as well as simulator demonstrations being available.

Martin Aircraft's stand will be located in a prime location in Main Hall 5 site G/249.

Further information on The Paris Air Show can be found at http://www.siae.fr/EN.htm

28 May 2015

Have you got the Right Stuff to join our Engineering team?

Ease of Flight

We are growing and there has never been a better time to join us!

With international interest in Martin Jetpack at an all-time high and the funding in place to move into the next exciting phase of commercial development our team of specialist engineers is set to grow significantly over the coming months. A career with us will provide you with the opportunity to be one of the early pioneers joining a small, hardworking and dynamic group of people.

There are new and different challenges on a daily basis which will test your technical expertise and capacity to think outside of the box. You'll have access to ongoing training and development relevant for your role and given our growth plans and the company's relative early stage of development, there will be career progression opportunities for the right people.

We are currently looking to hire:

  • Mechanical Engineer
  • Test Technician (Electrical) 
  • Flight Test Engineer
  • Flight Operations Technician
  • Technical Information Officer

For more information contact our recruitment partners at The Talent Hive. You can visit www.thetalenthive.co.nz for detailed descriptions of the positions, email your CV to This email address is being protected from spambots. You need JavaScript enabled to view it. or call Matt Love-Smith or Marc Denholm on +64 (0)3 281 8448.

 

30 April 2015

Martin Aircraft had the pleasure to host Senior Delegation from China North Industries Corporation at our production and testing facilities in Christchurch, New Zealand.

The delegation was led by President Wang Yulin who had made the journey to personally inspect the Martin Jetpack and our manufacturing facilities.

Ranked number 154 of global Fortune 500 companies, The China North Industries Corporation (Norinco) has an impressive set of business statistics including turnover of some US$400 Billion and work force of nearly 28 million employees

Norinco manufactures vehicles (trucks, cars and motorcycles), machinery, optical-electronic products, oil field equipment, chemicals, light industrial products, explosives and blast materials, civil and military firearms and ammunition. Norinco is also involved in both domestic and international civil construction projects as well as petroleum and mineral exploration.

After an introductory meeting with the Senior Management team and a tour of our production facilities at Martin Aircraft, Mr Wang and his delegation travelled to the local Air Base where we are currently filming for our new capability video. This provided our guest the opportunity to see one of our aircraft first hand in an operational setting and to speak with our test pilots which they enjoyed immensely.

27 April 2015

Martin Aircraft Company Limited (ASX:MJP) Managing Director and CEO Peter Coker details plans for its disruptive jetpack technology in this interview with the ASX.

ASX interview April 2015

 Peter Coker for web

paris airshow

21 April 2015

Martin Aircraft Company Limited is pleased to announce that it has successfully secured a prestigious exhibition place at the 51st Paris Air Show which will take place at Le Bourget exhibition centre, Paris, France, from 15 to 21 June 2015. The last event held in 2013 attracted 315,000 visitors and resulted in historic high orders for aircraft manufacturers being announced, totalling approximately $150 billion.

The International Paris Air Show, known locally as “Salon international de l'aéronautique et de l'espace, Paris-Le Bourget” is the world's oldest and largest air show. Established in 1909, The Paris Air Show is arguably the world’s premier trade show for the aviation industry and its professionals. Held every 2 years it draws the biggest and the best aviation companies, suppliers and users from around the world who showcase their products and services to an audience of global buyers and operators including customers in the First Responder community and Government agencies which are earmarked to be key clients of Martin Aircraft following commercialisation of the Martin Jetpack.

At this year’s show Martin Aircraft will introduce to the global aviation community the latest model of the Martin Jetpack, the world’s first practical personal jetpack, with potential usage spanning search and rescue, military, recreational and commercial applications, both manned and unmanned. Over the six days of the Paris Air Show, the Martin Jetpack will be exhibited to potential global customers and suppliers, as well as simulator demonstrations being available.

Martin Aircraft’s stand will be located in a prime location in Main Hall 5 site G/249.

Further information on The Paris Air Show can be found at http://www.siae.fr/EN.htm

Martin Aircraft is pleased to announce that it has appointed Mr Michael Read as Director of Flight Operations.

michael read

Michael joins Martin Aircraft after 13 years as a Royal Australian Air Force (RAAF) pilot, most recently as a Captain on RAAF Airbus A330 conducting Multi-Role: Air-to-Air Refuelling and passenger operations in the Middle East.

Michael holds a Bachelor of Science and an Airline Transport Pilot’s Licence and has extensive aviation experience and knowledge including flight testing and certification. Concurrent with his military duties, Mr Read has been working as an aviation consultant, focussing on aviation safety management systems and international regulatory compliance.

The Martin Jetpack Prototype 12 has attained New Zealand Civil Aviation Authority (CAA) authorisation to fly manned and pilotless, via remote control. Michael has a strong background in Regulatory Affairs and as part of his duties he will assist Martin Aircraft to obtain similar certification with other national regulators.

Michael’s test and evaluation background, coupled with his management skills, will also benefit the ongoing project management of the commercialisation of the Jetpacks into the first responder community. Mr Read is also highly qualified in Flight Simulation, and has experience in the certification process of Level D (Full Flight) simulators which will build further capability as we work with customers to support pilot training and licensing.

Michael’s appointment completes Martin Aircraft’s global search to assemble a senior management team with the international experience, in-depth knowledge, and skills, to drive the business forward and deliver against the company’s business objectives.

14 April 2015

Heidi Hetzer is a 78-year-old former automobile dealer, rally car driver, classic car collector and popular celebrity in Berlin, Germany. She is currently circumnavigating the globe in a vintage car. She started in July 2014 in Berlin, driving a 1930 Hudson.


Heidi's travels have so far taken her through Eastern Europe, Central Asia, Mongolia, China, South Asia and Australia. Now she's in New Zealand she took the opportunity to visit Martin Aircraft and get a first-hand look at our P12 Jetpack and to make enquiries about securing her own personal Jetpack for delivery in 2017.


I am currently planning my 80th Birthday celebration which will be held at an exclusive gathering in Berlin. "I can't think of a better way to arrive in style than in my own personal Martin Jetpack" said Heidi.


After New Zealand next will be the USA where she starts in L.A. heads north to Canada, east by way of Chicago to New England, south to Florida and finally back west around Thanksgiving 2015. Then she will drive her Hudson named "Hudo" south all the way to Patagonia and cross the southern Atlantic to South Africa (April 2016). Finally back home to Berlin by June 2016.


We wish Heidi the very best for her travels and look forward to being part of her next great adventure!

Have you got the Right Stuff to join our Engineering team?

Ducted Fan

With international interest in Martin Jetpack at an all-time high and the funding in place to move into the next exciting phase of commercial development our team of specialist engineers is set to grow significantly over the coming months.

A career with us will provide you with the opportunity to be one of the early pioneers joining a small, hardworking and dynamic group of Engineers. There are new and different challenges on a daily basis which will test your technical expertise and capacity to think outside of the box. You'll have access to ongoing training and development relevant for your role and given our growth plans and the company's relative early stage of development, there will be career progression opportunities for the right people.

We are currently looking to hire:

  •    Team Leader - Structure & Mechanical Design
  •    Team Leader - Design Substantiation
  •    Team Leader - Systems
  •    Senior Engineer -Engine Sustainment
  •    Senior Engineer- Composites
  •    Requirements Engineer
  •    Test Engineer (mechanical)
  •    Test Engineer (electrical/electronic)
  •    Test Technician

For more information contact our Engineering and Technical recruitment partners at The Talent Hive by emailing your enquiry and CV to This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling +64 (0)3 2818448 and asking for Matt Love-Smith or Marc Denholm. All enquiries are treated in the strictest confidence.

Thursday 12 March 2015

house of representatives seal

Martin Aircraft had the pleasure to host Senior US Congressional Staff members from both the Republican and Democrats parties at our production facilities in Christchurch today.

The delegation comprised of Legislative Directors and Advisers to key members of the US House of Representatives, Caucus and other important Subcommittees including the House Ways and Means Committee and Select Revenue Measures Subcommittee.

As a disruptive technology, much like the helicopter was when first developed the Martin Jetpack presents opportunities for deployment into new roles and applications. The delegation which included experts on Strategic Security Studies were keen to see first-hand these capabilities and explore the operational advantages for the Jetpack over traditional modes of transport.

All took up the opportunity to fly the Jetpack simulator and experience its ease of operation and manoeuvrability.

On Friday, the New Zealand Transport Minister, the Hon Simon Bridges visited our production facilities in Christchurch New Zealand.

mot visit

The Minister enjoyed his visit, and came away with a fantastic overview of Martin Aircraft Company and our plans for commercialisation of the Martin Jetpack.

He was particularly pleased to see hear how well-coordinated and helpful the various regulatory departments have been in assisting with certification of the Martin Jetpack both for manned and unmanned air vehicle (UAV) operations and how this experience can be used to obtain similar certification with other national regulators. 

Martin Jetpack has been designed with safety in mind and for easy adoption, with pilot qualifications easy to obtain. The Jetpack is “fly by wire” so unlike other aircraft including helicopters it is relatively easy to operate. The Minister himself took the opportunity to test fly a Jetpack using our Simulator and quickly became skilled in its operation flying a number of sorties.

24 February 2015

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New Zealand based Martin Aircraft Company Limited (ASX:MJP) manufacturer of the Martin Jetpack, the world's first practical jetpack able to be flown by a pilot or via remote control began trading today at 11:00 AEDT on the Australian Securities Exchange (ASX) under the ticker symbol MJP.

The Company’s oversubscribed listing follows a cornerstone investment agreement with Hong Kong listed KuangChi Science Limited (KuangChi Science) and support from both the general public and existing shareholders under the Equity Offer to raise the maximum subscription amount of A$27 million , at an offer price per share of A$0.40 for a total market cap of approx. A$98 million.

The Martin Jetpack is initially set to become an important tactical asset to the first responder community, such as Police, Fire Service, Defence and Natural Disaster recovery & emergency response organisations. First deliveries will be in the second half of 2016.

Peter Coker, Managing Director and CEO said: “The IPO capital raised along with additional funds in the future from KuangChi Science will allow Martin Aircraft to focus 100% on the commercialisation of the Jetpack. Along with a manned capability our unmanned version will also allow us to target the US$98 billion Unmanned Aerial Vehicle (UAV) market with our heavy lift Vertical Take-off and Landing (VTOL) UAV, The Martin Skyhook. Our UAV has a significant operational advantage in that it is able to carry a commercial payload of up to 120kgs unlike Quadcopters who are generally limited to only a few kilograms. In addition, our ability to now be able to tap into the advanced technology that KuangChi Science offers will mean the potential of much greater capabilities in the future.” said Coker.

With a focus on safety, the Martin Jetpack has a composite structure pilot module that protects the pilot in the event of any incident and a ballistic parachute system that can deploy and safely recover the aircraft from only a few metres above the ground. This will make the Jetpack one of the safest aircraft in the world today.

This inspirational and versatile aircraft solves problems that others cannot with its ability to land on rooftops covered with aerials and wires, fly into tightly confined areas or providing an economic and practical alternative to traditional helicopters.

“Commercial Jetpacks are no longer the domain of science fiction. The dream of Glenn Martin to create a commercial Jetpack is about to be realised” said Coker.

20 February 2015

New Zealand based Martin Aircraft Company Limited (ASX:MJP) manufacturer of the Martin Jetpack, the world's first practical jetpack able to be flown by a pilot or via remote control is expected to begin trading on 24 February on the Australian Securities Exchange (ASX) under the ticker symbol MJP.

A further public announcement with regards to this ASX listing will be made prior to the ceremony currently scheduled for Tuesday 24th February, 11am Sydney (listing time).

phoca thumb l p12  side view small

26 January 2015

Ptich Johnson, a well-known venture capitalist from the Silicon Valley and philantrophist visited Martin Aircraft headquarters on Wednesday, 21 January.

Managing Director and CEO, Peter Coker showed Pitch around the facilities and introduced him to the team.

Pitch Johnson visit 3

 Pitch Johnson is known as the founding father of Silicon Valley, one of the most efficient start-up hubs in the world. 

Mr. Franklin Pitcher (“Pitch”) Johnson was co-founder in 1962 of Draper and Johnson Investment Company, venture capital company, and became an independent venture capitalist in 1965 as the founder of Asset Management Company.

Asset Management Company has made over 250 venture investments during its more than 47 years of operation. These have included Amgen, Applied Bio Systems, Applied Micro Circuits, Conductus, Hybritech, IDEC Pharmaceuticals, Octel, Qume, Red Brick Systems, Remedy, Sierra Semiconductor, Tandem Computer, Teradyne and Verity.

A keen aviator, Pitch also had a go on the Martin Jetpack Simulator and thoroughly enjoyed himself flying over Hong Kong International Airport.

Pitch Johnson visit 17

15 January 2015

Further to the media release on the 19 December 2014, in which New Zealand-based Martin Aircraft Company Limited (MACL) announced that it has signed an investment agreement with KuangChi Science Limited (KuangChi Science), MACL provides the following update.

MACL has lodged a Third Supplementary Prospectus with ASIC that incorporates material information from both supplementary prospectus issued by the Company on 12 and 19 December 2014 and further disclosure regarding the transaction with KuangChi Science. All potential investors under the IPO should review the Third Supplementary Prospectus and the original Prospectus before making any investment decision.

KuangChi Science is a Hong Kong exchange listed company engaged in the novel space services and other innovative technology businesses with certain disruptive innovations and technologies as well as other businesses. The agreement is for a long term strategic partnership which over time will see KuangChi Science have a major shareholding in MACL following a A$50M (approx NZ$53M) investment in MACL over the next 30 months.

Key aspects of KuangChi Science investment are as follows;

  • KuangChi Science will subscribe for 52.5 million Shares in the IPO at A$0.40 per Share (IPO Shares), representing an investment of A$21 million; and
  • At such time as may be agreed between MACL and KuangChi Science (being no later than the date seven days prior to the 30 month anniversary of MACL listing on the ASX, KuangChi Science will subscribe for convertible notes with a total face value of between A$23 million to A$29 million.
  • In addition to the subscription for IPO Shares and convertible notes, KuangChi Science and MACL have agreed to form a separate joint venture company for the purposes of pursuing advanced research and development on the Martin Jetpack and to undertake sales and distribution of the Martin Jetpack in Hong Kong and China following its commercialisation.

The transaction with KuangChi Science remains subject to a number of conditions and approvals, including MACL shareholder approval and various regulatory approvals. Subject to receipt of these approvals it is anticipated the initial investment by KuangChi Science will be completed in late February 2015 and that the Company will list on ASX at that time.

Peter Coker, Managing Director and CEO said: “The KuangChi Science investment agreement not only brings significant capital to drive forward the commercialisation of the Martin Jetpack, it also introduces a whole new R&D world of meta material technology and advanced simulation testing that enables product development that in our opinion is well beyond the capabilities of even some of the world’s best aircraft manufacturers”.

Dr Liu Ruopeng, Chairman and Executive Director of KuangChi Science said: “We are excited with the prospect to partner on this disruptive transport technology. With our knowledge of advanced materials we hope to be able to help build a lighter, stronger Jetpack with increased payload and range that will open a whole new set of market opportunities here in China and globally”.

A copy of the third supplementary prospectus will be available for download from www.martinjetpack.com/offer . The Third Supplementary Prospectus Application Form (whether paper or electronic) must be received by 5.00pm (Sydney time) on the Closing Date (being 13 February 2015).

For further information, please contact:

Peter Coker
TEL: +64 (0)3 377 8584
MOBILE: +64 (0)21 811 005
EMAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.">WEB: www.martinjetpack.com

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

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:

Peter Coker
TEL: +64 (0)3 377 8584
MOBILE: +64 (0)21 811 005
EMAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.">This email address is being protected from spambots. You need JavaScript enabled to view it.
WEB: www.martinjetpack.com

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.

The Company has lodged a supplementary prospectic with ASIC, a copy of which can be downloaded at www.martinjetpack.com/offer - the revised timetable is also included in the supplementary prospectus.

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: 

Ian Westbrook
M: +61 407 958 137
This email address is being protected from spambots. You need JavaScript enabled to view it. 

Reuben Buchanan
+61 422 186 686
This email address is being protected from spambots. You need JavaScript enabled to view it. 

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: 

Ian Westbrook 
M : +61 407 958 137 
This email address is being protected from spambots. You need JavaScript enabled to view it. 

Reuben Buchanan 
+61 422 186 686 
This email address is being protected from spambots. You need JavaScript enabled to view it.%20">This email address is being protected from spambots. You need JavaScript enabled to view it. 
This email address is being protected from spambots. You need JavaScript enabled to view it.">

 

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 
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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.

Avwatch Capabilities

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.

31 October 2014

Martin Aircraft Company is hoping to bring jetpacks into normal life by listing in the Australian Stock Exchange. Video clip courtesy of Channel 7 Australia.

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.

Martin Aircraft HQ

You can find us at 39 Ballarat Way, Wigram, Christchurch, New Zealand

MACL reception for web

Reception

Martin Aircraft Engineering team

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.

Jetpack P12 manned flight

 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

Martin Aircraft is inviting interested investors to attend their pre-IPO briefing in Sydney on the 19th August.

martin jetpack P12 flying

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.

25 July 2014

Our test pilots had a fun day at the pool today practising safe harness release and escape from the pilot module in the event of the Martin Jetpack's forced water landing.

Jetpack harness release

22 July 2014

Martin Aircraft Company CEO Peter Coker will be travelling to Singapore tomorrow to meet with interested investors.

 Martin Jetpack fan ducts

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.

Interested investors can request further information by contacting Reuben Buchanan on +61 422 186 686 or email This email address is being protected from spambots. You need JavaScript enabled to view it. or Peter Coker, CEO +64 3 377 8584 or email This email address is being protected from spambots. You need JavaScript enabled to view it. 

4 July 2014

Hon. Steven Joyce, Minister of Science and Innovation visited the Martin Aircraft HQ in Christchurch late last month. CEO Peter Coker and Founder Director Glenn Martin showed him around the facilities and introduced him to the team.

Glenn Martin showing the jetpack

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.

Jetpack Engine

Martin Aircraft Company CEO Peter Coker will be travelling to Sydney, Australia on the 17-18 June to meet with interested investors.

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.

Interested investors can secure a seat at the upcoming presentation or request further information by contacting Reuben Buchanan on 02 8234 4401 or This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

 

We have had a huge amount of international interest from media, potential investors, purchasers and distributors since we released images of our new prototype P12.

So where are we at with the P12 jetpack now?

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.