Pug
14th January 2005, 16:27
Ok, I know the US did it first but this is a UK-based company.
I caught it on Dragons' Den (or something like that) the other night.
Basically the guy was pitching to potential sponsors for a cash investment.
I think he asked for something like £70,000 in return for a 20% share or something.
When you consider they have a working prototype already and the list price is slated to be around £30K ITA (in the air ;) ), that's a very attractive prospect. :blink:
All five investors turned the guy down 'cos he wouldn't reveal details of the technology even though he had a patent filed for it. :rant:
Madness!
I'd have ripped his arm off given the chance (and a go in one first :D ).
Few details - it's completely made of CF and you get an hours flight from 2 litres of fuel (iirc).
Linky - Kestrel Aerospace (http://www.kestrelaerospace.com/)
I caught it on Dragons' Den (or something like that) the other night.
Basically the guy was pitching to potential sponsors for a cash investment.
I think he asked for something like £70,000 in return for a 20% share or something.
When you consider they have a working prototype already and the list price is slated to be around £30K ITA (in the air ;) ), that's a very attractive prospect. :blink:
All five investors turned the guy down 'cos he wouldn't reveal details of the technology even though he had a patent filed for it. :rant:
Madness!
I'd have ripped his arm off given the chance (and a go in one first :D ).
Few details - it's completely made of CF and you get an hours flight from 2 litres of fuel (iirc).
Linky - Kestrel Aerospace (http://www.kestrelaerospace.com/)