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Shenzhen's jetpack company takes off with 200 orders

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A Martin Jetpack, the world's first practical and commercial jetpack, which is developed by KuangChiScience, an innovative high-tech startup in Shenzhen, Guangdong province.[Provided to China Daily]

Shenzhen, the innovative city in southern China's Guangdong province, has received resultsfrom its enormous investment in some of the most cutting-edge technologies in the world.


KuangChi Science Ltd, an innovative high-tech startup in the city, has received 200 orders forits Martin Jetpack, the world's first practical and commercial jetpack, at the price of 2 millionyuan ($308,640) each.

"Our buyers are from all over the world," said Zhang Yangyang, CEO of the company. "Forexample, a rescue team in Dubai ordered about 30 units because the jetpack is easier tooperate than helicopters in a city full of skyscrapers."

The jetpack is powered by a gasoline engine driving twin ducted fans, which producesufficient thrust to lift the aircraft and a pilot, and to enable sustained flight. It can operateclose to or between buildings, near trees and in confined spaces that other aircraft are unableto access.

The jetpack can carry commercial payloads of up to 120 kilograms with a maximum flyingtime of 45 minutes at a speed of up to 80 km per hour.

The innovative aircraft is mainly produced in New Zealand, but Zhang told China Daily theywill transfer the entire manufacturing process to China in the future.

The startup was established by five students who came back to China after studying abroad,said Zhang.

"In the beginning, almost everyone was very skeptical of the concept of the personal jetpack,"Zhang said.

"It was Shenzhen's recognition that makes our technological development and researchpossible," Zhang added.

The team was brought into Shenzhen through "peacock campaign", a plan the ShenzhenScience and Technology Innovation Commission launched to attract tech talent.

The plan has played a key role in gearing up the city to develop into a key zone for innovationand the development of modern services in the region.

Since 2011, the commission has lured 64 "peacock" teams to the city, most of which havenow grown into striking high-tech enterprises such as DJI Innovation Technology Co,KuangChi, Royole and BGI. These teams received government's financial support of tens ofmillions yuan each.

In addition, the plan is only one of the investments the city has made in promoting innovativeand emerging industries. The city's R&D investment accounted for 4 percent of its GDP lastyear, which is about the same as of South Korea.

Shenzhen Mayor Xu Qin said the investment was important for the city's long-term economicdevelopment.

http://www.chinadaily.com.cn/business/tech/2016-04/27/content_24877981.htm
 
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Martin Jetpack Concept of Operations

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First human flying on Martin jetpack in China

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Martin Jetpack promotional video.

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What will be the range of this thing? That will be critical to its commercial success.
 
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What will be the range of this thing? That will be critical to its commercial success.
According to the article, about 60 km. Not that long to be practical, but more than enough to satisfy it to be a gimmick for the rich. Maybe the fuel efficiency can be improved in the future to be viable.
 
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According to the article, about 60 km. Not that long to be practical, but more than enough to satisfy it to be a gimmick for the rich. Maybe the fuel efficiency can be improved in the future to be viable.
60 Km is good enough man!! It is quite excellent in fact.
 
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What will be the range of this thing? That will be critical to its commercial success.

About 45 minutes flight time

About 15 minutes more than a WASP
30 minutes was not considered long enough
 
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There are a number of factual inaccuracies in the OP. The company which has developed the Jetpack is Martin Aircraft Co, a New Zealand based company listed on the Australian Stock exchange, founded by the Martin Jetpack's creator Glenn Martin. [Edit, unable to provide link to wiki page on Martin Aircraft Co].

Some of the inaccurate reporting in the OP has been addressed by Martin Aircraft Co in an ASX media report.
" ASX ANNOUNCEMENT Clarification of Media Report. 29 April 2016.
Martin Aircraft Company Limited has become aware of an article in the press in China on 27 April 2016 reporting that Martin Aircraft has a number of confirmed orders for the Martin Jetpack and commenting on the location of future Jetpack assembly. Martin Aircraft wishes to clarify that while a number of discussions are ongoing with customers as previously advised to the market, no firm orders or sales contracts have been executed at this time.
In addition, Martin Aircraft confirms that the existing New Zealand based assembly location is not under review.
For further information ,contact James West Company Secretary:+64 (0)27 296 4402".

Shenzhen based KuangChi are entering into a joint venture program with Martin Aircraft Co to produce Jetpacks tailored for the Chinese market, they did not develop nor do they own the technology. The article implies that five 'innovative' students returned to China to create a start-up business which "In the beginning, almost everyone was very skeptical of the concept of the personal Jetpack,"Zhang said. Those beginnings were in fact over thirty years ago in New Zealand by Glenn Martin, who solely developed the Jetpack to Prototype and early production stage.

A more accurate account of Martin Aircraft Co and its production plans in New Zealand and China is published in their latest newsletter. [unable to post link yet]
 
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There are a number of factual inaccuracies in the OP. The company which has developed the Jetpack is Martin Aircraft Co, a New Zealand based company listed on the Australian Stock exchange, founded by the Martin Jetpack's creator Glenn Martin. [Edit, unable to provide link to wiki page on Martin Aircraft Co].

Some of the inaccurate reporting in the OP has been addressed by Martin Aircraft Co in an ASX media report.
" ASX ANNOUNCEMENT Clarification of Media Report. 29 April 2016.
Martin Aircraft Company Limited has become aware of an article in the press in China on 27 April 2016 reporting that Martin Aircraft has a number of confirmed orders for the Martin Jetpack and commenting on the location of future Jetpack assembly. Martin Aircraft wishes to clarify that while a number of discussions are ongoing with customers as previously advised to the market, no firm orders or sales contracts have been executed at this time.
In addition, Martin Aircraft confirms that the existing New Zealand based assembly location is not under review.
For further information ,contact James West Company Secretary:+64 (0)27 296 4402".

Shenzhen based KuangChi are entering into a joint venture program with Martin Aircraft Co to produce Jetpacks tailored for the Chinese market, they did not develop nor do they own the technology. The article implies that five 'innovative' students returned to China to create a start-up business which "In the beginning, almost everyone was very skeptical of the concept of the personal Jetpack,"Zhang said. Those beginnings were in fact over thirty years ago in New Zealand by Glenn Martin, who solely developed the Jetpack to Prototype and early production stage.

A more accurate account of Martin Aircraft Co and its production plans in New Zealand and China is published in their latest newsletter. [unable to post link yet]
kuangchi owning majority shares in martin aircraft company and 51% in the jv for chinese market
 
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Yeah, they still didn't develop the tech. They bought into it. The article falsely claims it was developed by Chinese 'innovative' students. And they do not have controlling interest in Martin Aircraft Co either, only the JV.

The 51% in the chinese JV is of course Chinese law.

Martin Aircraft have already issued their media rebuttal of the article, it is on their website which I cannot link.
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kuangchi owning majority shares in martin aircraft company and 51% in the jv for chinese market
 
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