Before release, the Quickboat was expected to weigh around 50 kg, seat four people, and to have a capacity for up to a 9.8 hp engine providing it with top speeds in excess of 20 knots.
[1] In November 2012, Quickboats launched a crowd-funding campaign on Indiegogo, and within 26 hours had already reached their goal.
[2] In 2012 Quickboat Holdings Ltd acquired all of the initial technology for Quickboats from Quickstep Holdings Ltd, a public aerospace company specializing in advanced composite manufacturing and technology development.
The company is in engaged in talks with aid organizations and government agencies to use the boats in "first response" rescue efforts in floods and other disasters.
However, its creators say it is only suitable for use in bays, rivers or lakes and not for ocean travel, channel crossings or commercial fishing.