NZ based Martin Aircraft Company, which has developed the world’s first practical and commercial jetpack, launches its 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 February commencing at 6.30pm and will provide 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.
About the Martin Jetpack
The Jetpack is powered by a V4 200hp engine driving two ducted fans and has been flown to a height of 3,000 feet and can reach speeds of up to 74km/h.
This personal aircraft will be the basis for the first commercial release of a Jetpack in 2014, suitable for a Government and Agency market under the banner of “first responder” to service markets such as the fire service, search & rescue, disaster recovery and border security.
The Martin Jetpack Features
- One person vertical take-off and landing vehicle with a range of up to 30kms
- Uses include:
-Search and Rescue
-Military and Defense
-Police and Fire Services
-Commercial and industrial (eg mining, energy, farming)
- Powered by 200hp V4 2 stroke engine that runs on petrol
- Able to fly at speeds of up to 74km/h at up to 3,000 ft in height
Interested investors can secure a seat at the upcoming presentation or request further information by contacting Reuben Buchanan on 02 8234 4401 or [email protected]