News and Announcements
Jetpack Aviation FY16 Update: JB-9 Jetpack Unveiled, Global Media Coverage, US Military R&D Projects
- Published July 12, 2016 2:39PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
In November 2015, Jetpack Aviation unveiled its JB-9 Jetpack to the world’s via a demonstration flight around the Statue of Liberty in New York. The JB-9 is a jet engine powered Jetpack weighing just 45kgs. After the flight the company received significant global coverage media including a feature in the Wall St Journal, the Gadget Show (UK) as well as countless news stories. They also quickly caught the attention of the US Military, who requested a demonstration flight in December 2015. JPA is now working closely with the US Military on R&D projects to learn how to best deploy the Jetpack technology.
The company also upgraded the JB-model and the 2nd and 3rd packs are currently in production. They are also working on a parachute and airbag system to make the Jetpack safer and more widely useable.
Jetpack Aviation is also in detailed discussions with a globally recognised, high profile FMCG brand about developing a branded Jetpack demonstration team. The plan is for this Jetpack team to conduct demonstration flights at major sporting events and attractions around the world.
In 2016, Jetpack Aviation, through their Corporate Advisors Axstra Capital, have raised close to $1m and are about to launch a capital raising through Seedrs in London that will value the company at over $60m.
ABOUT JETPACK AVIATION
Jetpack Aviation, a company with operations based in Los Angeles CA, has created the world’s first true Jetpack – the JB-9. This compact Jetpack is powered by twin TurboJet engines and is a true breakthrough in global aviation.
It is capable of vertical takeoff and landing (VTOL), is extremely small and can easily be carried around by the pilot. It is very powerful, capable of rapidly lifting a 100kg (220lb) pilot thousands of feet into the air, at speeds of over 110km/h (68mph). It is fuelled by kerosene and can remain airborne for up to 5 mins, allowing the pilot to travel a distance of approx. 15kms.