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Martin Aircraft Company (MJP.ASX) is developing the first practical commercial jetpack, designed to be used as a manned and unmanned vehicle. Uses include first responders covering natural disaster recovery, commercial and recreation. The jetpack will fly for up to 30 minutes at altitudes of up to 1,000 metres and speeds of up to 74km/hour, carrying payloads of 120kg. It can land and take off vertically, which allows it to operate in confined spaces. MJP expects the first commercial product, a first-responder jetpack, to be delivered in H216. The Martin Jetpack is a disruptive technology in that, in its first planned commercial use, it has the capacity to revolutionise emergency response capabilities.
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