Highly documented vapourware is... still vapourware.
This can raise funds and create work for a team of people but the cost to pull it off will be astronomical and they really aren't even allowing enough time for their "robot".
Who needs a robot if you have "JARVIS"?
"Just a rather very intelligent system"?
Oh,is that all?
"eject spent hardware components from the diver’s body at different altitudes" is pretty bad wording- ominous overtones.
Where is that all that hardware going?
I also just have to state the obvious: entering production is much more than just unlikely ESPECIALLY by 2016.
If they ever achieve a successful demonstration it would be surprising... but entering actual production that quickly?
Not much time to work out the bugs...
Here is why I am being so harsh- as long as people play into people's gullible fantasies they are only undermining genuine efforts of realistic programs- even in the "extreme sports" and record setting world.
C'mon,people- how much would it cost and how long would it take to just set up a program for enthusiasts to go duplicate Felix's jump?
How many would want to go? How many could afford it?
These people need to just create a video game and stick to that because that's what this is.
Like Jay Leno said about his Jet Bike: "With stuff like this, everybody that wants one,can't afford one. On the flip side, everybody that can afford one... doesn't want one."
I applaud those who are seriously pursuing their dreams but this just strikes me as pseudo-science coat-tailing hollywood fantasies.
The ancient Greeks called stuff like this... "purple prose".

Where do I sign up?

The beauty of this is, someone has the idea and perhaps someone else will develop the way. That is why we have most of the super incredible devices we do today.
Purple prose or not, it is that someone has an idea to do something that seems beyond our current ability, at the moment, but in time it shall come to pass...

This Is A Concept That Goes Way Back To The 1930's In The Science Fiction Mags Of The Time.
You Can Also See This Concept In 1950's Serials Radar Men from the Moon; Though This Was Just An Airborne Suit.

I don't like the idea of putting the gyroscope on the boots, the center of the back is more practical. Discarding components as you fall creates highly dangerous falling debris and disposable is always more expensive after a few times.

So somebody FINALLY realized that diving from the edge of space and atmosphere is probably the greatest thrill ride.

screw the rest of this, where do I get the non-existant vaporware rockets with a power-to-weight ratio in excess of 100 to 1 from? just stick 4 of these on my car and call me George Jetson!

All this crap about Felix Baumgartner who "broke the sound barrier" in his jump pains me big time.The speed of sound varies with air density. The speed of sound at sea level is not the speed of sound 1 km up, let alone the 'edge of space'. Don't get me wrong, that dude had balls of steel to do it, but when it all boils down, hype seems to over come reality. I would love to do this but the issues involved are my lack of funds, my lack gonads, their lack of science and insurance in case the whole issue succumbed to the laws of nature and stupidity will put this in the 'love to do it, can't provide the necessaries" bin.

I feel the first real application here is a safe return from orbit for astronauts with out a super costly launched rescue. It may be a longer distance(I don't know these numbers), but this could be a life saver in a bad situation.

Boot rockets? No no no. To slow down yes, to land? No. Parachutes for landing, thanks!