Offer Now Open: The Martin Jetpack - Personal Air Transport
Auckland, Nov 11, 2014 AEST (ABN Newswire) - Named as one of Time magazine's Top 50 inventions for 2010, the Martin Jetpack is the world's first practical jetpack, set to revolutionise the industries of aviation, recreation and transportation. Able to be flown by a pilot or via remote control, this inspirational and versatile product continues to attract strong interest from potential customers and investors worldwide.
Based in New Zealand, Martin Aircraft Company is currently focusing on developing the Martin Jetpack for use as a first responder vehicle and a heavy lift unmanned air vehicle. Following the successful introduction of the Jetpack into the first responder community, the company will work on developing a jetpack for leisure and personal use.
The Martin Jetpack was initially conceived of and developed by Glenn Martin in Christchurch in 1981 in response to another jetpack that had a one minute flight-time limit. Now over 30 years later, Martin Aircraft Company has assembled a team of the best experts in aviation to make the jetpack a reality, with flight capability of over 30 minutes at speeds up to 74 km/h and altitudes above 800 feet.
Get ready to fly the dream!
http://www.martinjetpack.com/
Martin Aircraft IPO Offer Now Open
Martin Aircraft is now on track for an IPO on the ASX in early December. The Company first presented at a Wholesale Investor event back in November 2013 and has since has made significant progress including:
- Successfully completing pre-IPO raising (through Axstra Capital)
- Appointing John F Diddams to the board, former Director of Indoor Skydive (
ASX:IDZ)
- Moved to new premises allowing build of up to 500 Jetpacks p.a.
- Recruited a highly skilled team to commercialise the Jetpack
- Received significant media - click here to view recent media
- Appointed Ord Minnett as Lead Manager to the IPO Offer
KEY OFFER DETAILS
Proposed ASX Code: MJP
Share Price: A$0.50 (NZ$0.55)
Minimum Investment Amount: A$2,000 / 4,000 shares
Maximum to be Raised under Offer: A$25m / 50m shares
Indicative Market Cap (if fully subscribed): A$112.6m
KEY DATES
Lodgement of the Prospectus with ASIC: Monday 27th Oct 2014
Offer Opening Date: Tuesday 4th Nov 2014
Offer Closing Date: Friday 28th Nov 2014
Allotment of Shares (Completion of Offer): Thursday 4th Dec 2014
Dispatch of Holding Statements: Friday 5th Dec 2014
Normal Trading of Shares on ASX Monday 8th Dec 2014
To apply, please visit:
http://www.martinjetpack.com/offer/
About Martin Aircraft Company
Martin Aircraft Company is the maker of the innovative Martin Jetpack. With its patented technology, the Martin Jetpack is poised to alter the dynamics of aviation. Initially designed as a personal Jetpack for individuals in the leisure market, the technology is being recognised for its applications across a broad range of different sectors.
Based in Christchurch, New Zealand, Martin Aircraft Company is a privately owned company with over 80 shareholders.
Established originally as a research and development company, Martin Aircraft Company is now being positioned to enter the commercial market. As the company launches its first Technical Product, research and devlopment will continue to identify additional customer requirements and integrate these into subsequent product models.
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