{"id":9991,"date":"2015-02-25T02:20:24","date_gmt":"2015-02-25T07:20:24","guid":{"rendered":"http:\/\/hobbyspace.com\/Blog\/?p=9991"},"modified":"2015-02-25T02:20:25","modified_gmt":"2015-02-25T07:20:25","slug":"sci-tech-martin-jetpack-has-ipo-on-australian-stock-market","status":"publish","type":"post","link":"https:\/\/hobbyspace.com\/Blog\/?p=9991","title":{"rendered":"Sci-Tech: Martin Jetpack has IPO on Australian stock market"},"content":{"rendered":"<p>Over the years I&#8217;ve occasionally posted about\u00a0<a href=\"http:\/\/www.martinjetpack.com\/\" target=\"_d\">The Martin Jetpack<\/a>\u00a0in development in New Zealand. (See, for example, <a href=\"http:\/\/hobbyspace.com\/Blog\/?p=4364\" target=\"_blank\">here<\/a> and <a href=\"http:\/\/hobbyspace.com\/Blog\/?p=3943\" target=\"_blank\">here<\/a>.) \u00a0Hardware development has progressed steadily if not exceptionally fast. They plan to begin selling vehicles in the second half of 2016.<\/p>\n<p>Initially they will sell to emergency service providers and then sell to general public customers in 2017. The cost will be around US$200k.\u00a0The vehicle will also be marketed for applications as an unmanned drone called the <em>Martin Skyhook<\/em>\u00a0that can carry up to 120 kg.<\/p>\n<p>Here&#8217;s a video of an unmanned flight test from last year:<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"1600\" height=\"900\" src=\"https:\/\/www.youtube.com\/embed\/8ii__3Pt5hY?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p>It obviously doesn&#8217;t actually use jet engines but ducted fan driven by a two-stroke <a href=\"http:\/\/www.martinjetpack.com\/technical\/v4-engine\" target=\"_blank\">V4 piston engine<\/a>. It can fly for up to 30 minutes. Here are the\u00a0<a href=\"http:\/\/www.martinjetpack.com\/technical\" target=\"_d\">technical specs<\/a>. Note it has a ballistic parachute for emergencies.<\/p>\n<p>Most importantly for a start up with a new product in a new category of products, they have also made significant progress in obtaining funding. The Chinese company\u00a0KuangChi Science Limited agreed to put A$50M into the company:\u00a0<a href=\"http:\/\/www.martinjetpack.com\/news\/158-martin-aircraft-signs-agreement-with-kuangchi-science-limited\" target=\"_d\">Martin Aircraft signs agreement with KuangChi Science Limited<\/a>.<\/p>\n<p>This allowed them to move to an IPO, where they can raise additional funding:\u00a0<a href=\"http:\/\/www.martinjetpack.com\/news\/159-update-on-cornerstone-investor-and-ipo\" target=\"_d\">Update on Cornerstone investor and IPO<\/a><\/p>\n<p>And they began trading on the Australian stock market on Tuesday:<\/p>\n<ul>\n<li><a href=\"http:\/\/www.martinjetpack.com\/news\/174-martin-aircraft-begins-trading-on-the-asx\" target=\"_d\">Martin Aircraft Begins Trading on the ASX<\/a><\/li>\n<li>\u00a0<a href=\"http:\/\/www.wsj.com\/articles\/jetpack-maker-rockets-then-comes-down-to-earth-on-debut-1424761962?mod=e2tw\" target=\"_d\">Jetpack Maker Rockets, Then Comes Down to Earth: <em>Shares of Martin Aircraft surge 50% on debut but end 10% higher<\/em> &#8211; WSJ<\/a><\/li>\n<\/ul>\n<p>So it looks like we may finally see an actual\u00a0commercial ducted-fan VTOL one-person vehicle on the market:<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"1600\" height=\"900\" src=\"https:\/\/www.youtube.com\/embed\/eq5jHxj4vUw?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the years I&#8217;ve occasionally posted about\u00a0The Martin Jetpack\u00a0in development in New Zealand. (See, for example, here and here.) \u00a0Hardware development has progressed steadily if not exceptionally fast. They plan to begin selling vehicles in the second half of 2016. Initially they will sell to emergency service providers and then sell to general public customers &hellip; <a href=\"https:\/\/hobbyspace.com\/Blog\/?p=9991\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Sci-Tech: Martin Jetpack has IPO on Australian stock market<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[9],"tags":[],"class_list":["post-9991","post","type-post","status-publish","format-standard","hentry","category-science-and-technology"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p34aWK-2B9","jetpack-related-posts":[{"id":10790,"url":"https:\/\/hobbyspace.com\/Blog\/?p=10790","url_meta":{"origin":9991,"position":0},"title":"SciTech: Martin Jetpack moves towards production with four deals signed at Paris Airshow","author":"TopSpacer","date":"June 18, 2015","format":false,"excerpt":"I've occasionally posted here over the years about the Martin Jetpack\u00a0company\u00a0in New Zealand. The company has grown from a garage project into a company now valued at around $250M on the NZ stock exchange. The Jetpack, which actually flies via gasoline engine driven twin ducted fans, will go on sale\u2026","rel":"","context":"In &quot;Science and Technology&quot;","block_context":{"text":"Science and Technology","link":"https:\/\/hobbyspace.com\/Blog\/?cat=9"},"img":{"alt_text":"phoca_thumb_l_unknown-6[1]","src":"https:\/\/i0.wp.com\/hobbyspace.com\/Blog\/wp-content\/uploads\/2015\/06\/phoca_thumb_l_unknown-61-300x200.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11705,"url":"https:\/\/hobbyspace.com\/Blog\/?p=11705","url_meta":{"origin":9991,"position":1},"title":"Sci-Tech: Videos &#8211; JetPack Aviation demos new JB-9 in NYC + Two Jetmen fly with A380 + Martin Jetpack update","author":"TopSpacer","date":"November 5, 2015","format":false,"excerpt":"JetPack Aviation\u00a0is developing a dual jet turbine powered backpack that will keep a person aloft for up to 10 minutes (vs 30 seconds or so from traditional H2O2 powered rocket packs). Here is a recent demo of their latest model:\u00a0The World's Only Jetpack Soars Past the Statue of Liberty New\u2026","rel":"","context":"In &quot;Science and Technology&quot;","block_context":{"text":"Science and Technology","link":"https:\/\/hobbyspace.com\/Blog\/?cat=9"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/gCYSWyHDpfU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12930,"url":"https:\/\/hobbyspace.com\/Blog\/?p=12930","url_meta":{"origin":9991,"position":2},"title":"Sci-Tech: The Martin Jetpack at the golf course and beyond","author":"TopSpacer","date":"July 22, 2016","format":false,"excerpt":"Over the years I've posted several times\u00a0about the Martin Jetpack\u00a0in development in New Zealand. The vehicle is now going into production and the company is hoping to find markets in a number of different areas. Bubba Watson's suggestion of a Jet Pack\u00a0golf cart\u00a0is tongue-in-cheek but it does inspire thoughts of\u2026","rel":"","context":"In &quot;Science and Technology&quot;","block_context":{"text":"Science and Technology","link":"https:\/\/hobbyspace.com\/Blog\/?cat=9"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/tpEkN1NdjKU\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4364,"url":"https:\/\/hobbyspace.com\/Blog\/?p=4364","url_meta":{"origin":9991,"position":3},"title":"Sci-Tech: Martin Jetpack update","author":"TopSpacer","date":"September 8, 2013","format":false,"excerpt":"I recently posted about the new version of the Martin Jetpack (more specifically, a dual ducted fan personal vertical takeoff and landing vehicle). AvWeek writes about it in their latest issue: Jetpack Moves a Step Closer to Reality - Aviation Week Here is a new post on the\u00a0Martin Jetpack blog:\u2026","rel":"","context":"In &quot;Science and Technology&quot;","block_context":{"text":"Science and Technology","link":"https:\/\/hobbyspace.com\/Blog\/?cat=9"},"img":{"alt_text":"homep12[1]","src":"https:\/\/i0.wp.com\/hobbyspace.com\/Blog\/wp-content\/uploads\/2013\/08\/homep121.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5594,"url":"https:\/\/hobbyspace.com\/Blog\/?p=5594","url_meta":{"origin":9991,"position":4},"title":"Mars One selects Lockheed Martin and Surrety Satellite for unmanned mission","author":"TopSpacer","date":"December 8, 2013","format":false,"excerpt":"The Mars One organization will hold a press conference on Tuesday to discuss the contracts for their unmanned demo mission to the Red Planet: Lockheed Martin and SSTL selected for Mars One's first unmanned mission to Mars On Tuesday the 10th of December Mars One will announce at a press\u2026","rel":"","context":"In &quot;DIY space&quot;","block_context":{"text":"DIY space","link":"https:\/\/hobbyspace.com\/Blog\/?cat=35"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3943,"url":"https:\/\/hobbyspace.com\/Blog\/?p=3943","url_meta":{"origin":9991,"position":5},"title":"Sci-Tech: Martin Jetpack to begin manned flight tests","author":"TopSpacer","date":"August 13, 2013","format":false,"excerpt":"Martin Jetpack of New Zealand has gotten permission there to begin manned flight tests of their dual ducted fan personal vertical takeoff and landing vehicle: Personal jetpack gets Civil Aviation Authority approval - TVNZ -\u00a0 incl. news video Personal jetpack gets flight permit for manned test - AFP\/Phys.org The new\u2026","rel":"","context":"In &quot;Science and Technology&quot;","block_context":{"text":"Science and Technology","link":"https:\/\/hobbyspace.com\/Blog\/?cat=9"},"img":{"alt_text":"homep12[1]","src":"https:\/\/i0.wp.com\/hobbyspace.com\/Blog\/wp-content\/uploads\/2013\/08\/homep121.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=\/wp\/v2\/posts\/9991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9991"}],"version-history":[{"count":1,"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=\/wp\/v2\/posts\/9991\/revisions"}],"predecessor-version":[{"id":9993,"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=\/wp\/v2\/posts\/9991\/revisions\/9993"}],"wp:attachment":[{"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hobbyspace.com\/Blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}