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Manifesting the fantastic notions that science fiction novels and James Bond films have instilled in us, Martin Aircraft Company Ltd. becomes one step closer toward the commencement of commercial production for the Martin Jetpack. Founded in 2004, the New Zealand-based operation has released several photos of its newest P12 prototype, which integrates composite materials for the construction, a custom propulsion system, and full body harness with the addition of a ballistic parachute. While an application in the areas of defense and civil defense seems obvious, the Martin Company also aims to introduce recreational models for personal flight, with the final stages of development rumored to wrap up by 2014.