Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Martin Aircraft Company reveals latest jetpack

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 New Zealand 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’s present focus is on further improving the performance of the jetpack through some engine refinements in order to ready the jetpack for commercial sale.

The company has appointed James West to take on the role of Chief Finance Officer on a temporary basis with a particular emphasis on assisting the company prepare for the launch of an IPO in the near future. Mr West was formerly CFO at Pyne Gould Guinness, Christchurch.

“The jetpack continues to attract interest from potential customers and investors worldwide,” said Mr Coker. “We are focussing initially on developing the jetpack for use as a first responder vehicle and heavy lift unmanned air vehicle”.

The company is also developing a jetpack simulator that will be available for sale in the next few months.

Background information:

The result of many years’ work by Christchurch inventor Glenn Martin in his garage, the Martin Jetpack was named as one of Time Magazine’s Top 50 inventions for 2010.

The Martin Aircraft Company was formed in 2004 to complete the development of Glenn Martin's Jetpack for the purpose of supplying specialist commercial users in industries such as emergency response, airborne inspection, security, defence and agriculture.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news