JET PACKS!! *Yes* we have jet packs .. but they could offshore if IPO fails

[underpants]

Finally, after years of teasing, the future is finally going to give us what it promised; commercially available Jetpacks.

Martin Aircraft, a New Zealand-based company, is about to enter the production phase for its new Jetpack creatively called ... The Martin Jetpack.

The Jetpack, which can fly for about 30 minutes at its top speed of 63mph, does not require a pilot's licence to fly, as its top speed and weight qualify it as an "ultralight" class air vehicle. Not only that, but the Jetpack itself is supposed to be very easy to operate


"I certainly don't think it's going to be a George Jetson-sort-of-situation here, where there's one on every block, especially when the price starts out at $100,000," says Dick Knapinski, communications director for the Experimental Aircraft Association. "But I think you'll see a small section of people who would like to have one of those. I would do it in a second."

http://www.escapistmagazine.com/news/view/105466-Martin-Aircraft-Putting-the-Segway-Back-in-Jetpack

Martin Jetpack could go offshore if IPO fails

The company behind the Martin Jetpack will be forced to look offshore for development and expansion capital if a planned initial public offer doesn't spark the interest of New Zealand investors.


The company already has a confidential joint venture document signed with an overseas government organisation for 500 Martin Jetpacks a year, in a deal where it would be manufactured in that country.



One advantage of a sharemarket listing aside from the reporting requirements and credibility of its structure is that provides a means for further fundraising if that is required Lauder said.

:eyes: I lost track of that corporate-speak at "sharemarket listing"

"It provides a transparency, and people know what's going on," he said. :eyes: Oh okay, much clearer that :crazy:

http://www.stuff.co.nz/technology/4350272/Martin-Jetpack-could-go-offshore-if-IPO-fails

[Auggie]

1. Hope they're not as loud as jet skis or snowmobiles

[Chulanowa]

2. It's two turbines that can project a human at 63 mph

I kinda doubt that "quiet" is going to be involved. Even if the engines themselves are quiet, the sound that will be made by these things ripping through air will be considerable.

Bring earplugs and don't have long, loose hair neat these things.