Dear Valued Investors,
It has been a long time since our last update....thank you for your patience. We've been very busy here during summer working on the JB11 and JB12 as well as doing demonstrations flights in North America, the UAE, Japan and Europe. We're all really excited about the progress we are making and in particular the success of our JB11 jetpack and the design of our all new JB12.
The urban mobility sector is growing at a phenomenal rate and continues to attract significant investor attention.
Since our last update we have refined the six engine JB11 and made great progress on initial design and work towards a scaled flying prototype of JB12.
We are currently very focused on opening the world’s first jetpack experience center and completing the JB12 flying prototype.
Whilst many other companies are focused on electric propulsion, for the midterm we will continue to focus on turbines. Our specialty is small footprint and fast aircraft and this is only achievable with the power delivered by turbine engines. Over time this will change as energy density of batteries improves and we will be well positioned to adopt the new technology. Most of our air frame and control systems will work with electric propulsion.
We believe that our JB12 design will open up more opportunities for us within civilian, military and independent markets.
Here are the highlights:
After a very long (but constructive process) the FAA agreed to certify our JB10 and JB11 aircraft in the Experimental Category. This is wonderful as it enables us to fly with as much fuel as we want and at whatever speed we like. It also enables us to use the aircraft for commercial purposes (not possible under the ultralight category). We are the first turbine VTOL company to achieve this and the documentation that we've created will certainly help us accelerate the process for future iterations.
We did demo flights as part of the Red Bull Air Race series in the UAE, Cannes France, Chiba Japan and Budapest Hungary.
Did over 10 demonstration flights at the famous Goodwood Festival of Speed in the UK.
Flew at the opening of the Formula one car race at the Red Bull Ring in Austria.
Became the Super Hot Dogger for the Oscar Myers hot dog TV commercial and conducted activation flights in NYC and Chicago.
2019 is already heavily booked for demonstration flights.
We've trained another two company pilots at our Socal facility and Boris is ready and able to make demonstration flights.
We will be finally opening our first experience center in Southern California in Nov/Dec 2018. For the first time it will be possible for people to come and experience what it's like to fly a jetpack. If you are interested in more information please email us at firstname.lastname@example.org and download the brochure here: https://bit.ly/2Nrs0t0. We are seeking partners interested in setting up experience centers both in North America and elsewhere. Please get in touch via email@example.com
We secured $350,000 investment from www.boost.vc based in Silicon Valley and welcome them as shareholders. We look forward to working with such an experienced team.
Our JB12 aircraft scaled prototype is about 50% completed. We can't give away too much information about the design at this stage because of commercial sensitivity but hope to be able to in Q1 2019. We can however say that the flight time and payload capacity are significantly higher than our JB11.
We continue the CRADA with USSOCOM and look forward to demonstrating the JB12 scaled prototype when it's completed. It has the potential to solve a number of missions that would have been difficult with the JB11.
The UAE military have requested to visit and see demonstrations of our Jetpack. We intend to present the JB12 prototype initially. This will probably be towards the end of Q2, 2019.
We've hired a new Mechanical Engineer (Alex) and he's focused on the JB12 development.
Since the last update we have developed (fully in house) and tested a triple redundant (milspec) engine control system. This system includes 3 throttle encoders, dual wired and one wireless connection between throttle and the master engine computer. The master computer is also 4 times redundant with dual double stacked systems (one on each side of the jetpack). Power systems are also now fully redundant so all engines can operate from one of four batteries.
Once again we thank you for making an investment in JPA and we look forward to growing an exciting and valuable business. As always, for up to date information please check out our social media feeds. Facebook, Instagram and Twitter:
All the very best,
Please see some other links to press and videos below (some you may have seen before and others are new):
- WALL STREET JOURNAL
- NEW ATLAS
- DAILY MAIL
-WALL STREET JOURNAL
-NBC TODAY SHOW
London Dock Rock
Long Beach CF
Long Beach (Jesse)
Royal London Docs
Monaco - Right GoPro
Monaco - iPhone
Statue of Liberty