On the 20th of July 2016 MJP announced to the ASX that it had signed a Memorandum of Understanding (MoU) with US-based AvWatch, Inc. (AvWatch) to demonstrate airborne technology capabilities for the U.S. Department of Homeland Security, United States Department of Defense, and other US federal, state, and local agencies. MJP stated at the time that this MoU marked a significant step forward for Martin Aircraft in the all-important North American market, as it moves towards commercialisation of the Jetpack. The signing of the MoU builds on the strategic relationship developed with AvWatch during the previous 12 months under an existing Letter of Intent (LoI) between the parties. The MoU involves the parties working towards negotiating the future delivery of a Martin Aircraft package with an initial tranche of 3 manned Jetpacks, 3 unmanned Jetpacks and a simulator. It will also include initial training services and aftersales support. The two companies would work together on improving and demonstrating specific capabilities targeted at assisting the first responder sector, including search and rescue, security, police, ambulance, fire and natural disaster recovery through the purchase and supply of Martin Jetpacks and relevant products and services. Commenting on the strategic co-operation framework agreement, Chief Executive Officer and Managing Director of Martin Aircraft Peter Coker said, “The North American Market presents excellent opportunities for the Martin Jetpack, and working in collaboration with an industry leader such as AvWatch to demonstrate the tactical capabilities of our disruptive technology to a market segment that is seeking the kind of solutions our two companies can provide, will be a powerful enabler on our path to commercialisaton”. The current AvWatch website does not feature the Martin Jetpack, other than a small link in the INDUSTRY PARTNERS section.
More than 6 months have now passed since this announcement. Please MJP, inform the market on the current state of this arrangement and in particular:
1) When were the 3 manned jetpacks delivered?
2) When were the 3 unmanned jetpacks delivered?
3) When was the simulator delivered?
4) Are strong & globally binding patents in place to protect the unique technical aspects of your inventions?
Letter of Intent (LoI) → Memorandum of Understanding (MoU) → Sales Contract (SC) : Money transferred between 2 Accounts (Mtb2A)
I have another idea, regarding the use of jetpacks in the navy. Rather than starting up a huge Sikorsky to transfer either a key officer, a confidential document (not to be sent via any other means) or some cargo from one ship to another, either a manned or an unmanned jetpack would be a great & safe alternative?
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