Martin Aircraft to enter technology-sharing agreement with KuangChi, CEO to step down

Tue, 16 Aug 2016

By Jonathan Underhill Aug. 16 (BusinessDesk) - Martin Aircraft, the personal jetpack developer, is to enter a technology-sharing agreement with cornerstone shareholder KuangChi Science which will see chief executive Peter Coker step down to take a new role in KuangChi's "Global Community of Innovation" (GCI) and chief financial officer James West promoted as his replacement. ASX-listed Martin "has been undertaking an in-depth review of the company's progress, in particular, focusing on how best to both progress the path toward commerciali...

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