Martin Aircraft Company Limited
The world class research and development capability at Martin Aircraft Company is backed by an astute management team, a highly experienced board and a global network of advisers.
In 2003, the Martin Jetpack captured the interest and commitment of New Zealand’s Top Venture Capital Company; No 8 Ventures, and soon after formed a Board of Directors consisting of Jenny Morel , Richard Lauder and Glenn Martin . Anthony Romano and Dennis Chapman later joined as company directors.
The board, management and current shareholders are dedicated to achieving rapid growth for the company; initially through revenue from sales of jetpacks to specialist commercial users in defence and civil defence, and later through sales of jetpacks into the wider marketplace.
Martin Aircraft Company has already signed a country-specific joint venture for the delivery of more than 500 Martin Jetpacks a year for emergency response, and is in active discussions with four other defence companies for other territories.
We are in the final stages of research and development to meet early interest from key market sectors. In particular, the unmanned remote-controlled UAV version is well advanced in its development with field trials expected to begin in the second quarter of 2011.
The experience gained from the UAV trials will significantly improve the capabilities of the Martin Jetpack for both manned and unmanned flight – further widening the scope of commercial applications for the jetpack in these sectors.
We are seeking an investor to help fund the final phase of research and development to ready the Martin Jetpack for commercial production, and to support the expansion of commercial and manufacturing capabilities.