World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Martin Jetpacks at Paris International Air Show

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

16 June 2015

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


© Scoop Media

 
 
 
 
 
World Headlines

 

Westminster: NZ PM Condemns London Attack

“London is a place many thousands of New Zealanders have visited and called home, and where many more have friends and family based, so this attack feels very close to home,” Mr English says. More>>

ALSO:

Amnesty: Campaign Mass Hangings And Extermination At Syrian Prison

A chilling new report by Amnesty International exposes the Syrian government’s calculated campaign of extrajudicial executions by mass hangings at Saydnaya Prison. Between 2011 and 2015, every week and often twice a week, groups of up to 50 people ... More>>

Russian Hack Job?: White House - Actions In Response To Russian Malicious Cyber Activity & Harassment

President Obama authorized a number of actions in response to the Russian government’s aggressive harassment of U.S. officials and cyber operations aimed at the U.S. election in 2016. More>>

Israel/Palestine: Michael Field - Background To How Israel Nearly Went To War With New Zealand

New Zealand and Senegal managed to get the United Nations Security Council to pass resolution 2334 which said Israel’s settlements in Palestinian territory violate international law and undermine a two-state solution in Israel's conflict with Palestine. More>>

ALSO:

US Indigenous Affairs: How President Obama Has Protected Our Sacred Land

I am very proud to be both Navajo and American. As the President of the Navajo Nation, I’ve dedicated my life to ensuring that, as a Navajo, my story -- and our stories -- are part of our collective American history. Today, I want to share one of those stories with you. More>>

Get More From Scoop

 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news