Hyperloop Transportation Technologies licenses technology in South Korea

Hyperloop Transportation Technologies (HTT) has signed agreements with the South Korean government's department of technological innovation and infrastructure, the Korea Institute of Civil Engineering and Building Technology (KICT) and the country's engineering research school, Hanyang University.
June 23, 2017 Read time: 2 mins

8535 Hyperloop Transportation Technologies (HTT) has signed agreements with the South Korean government's department of technological innovation and infrastructure, the Korea Institute of Civil Engineering and Building Technology (KICT) and the country's engineering research school, Hanyang University.

The Korean Government is committed to make high-speed tube travel a reality in the country and the agreement includes licensing and research development of vacuum state tube infrastructure technologies and a safety management platform, along with a full-scale test bed for the Hyperloop.

It also includes the co-development of safety standards and regulations for the Hyperloop system and licensing HTT technologies such as HTT's levitation and propulsion technology, battery and energy management technology, as well as passenger experience to KICT in the Republic of Korea.

Dirk Ahlborn, CEO of Hyperloop Transportation Technologies said the technology firm is making its developments available to all parties interested in implementing this technology through its licensing program and ensuring there is a worldwide interchangeable standard.

Tai Sik Lee, KICT president, said, "The Republic of Korea continues its tradition of technological advancement and innovation by bringing this technology to life, the government has allocated the necessary resources, we finalised our preliminary research and now are getting ready to implement."

Related Content

  • February 3, 2012
    Flexibility, interoperability is key to future traffic management
    Jon Taylor of Faber Maunsell and Tabatha Bailey of Transport for London describe how an unusual mix of traffic practitioners, researchers and industry are working together to build new tools for the future. As we face higher expectations for managing congestion from both citizens and politicians, and as more and more data is becoming available from new sources, our traffic management challenge is changing.
    Read More
  • October 30, 2020
    Uber establishes JV in South Korea 
    Uber is to combine its ride-hailing tech with T Map Mobility's network of drivers
    Read More
  • November 25, 2016
    Australia’s largest intelligent vehicle trial to be held in Queensland
    Queensland is preparing for driverless and connected vehicles with ambitious plans underway for a four-year on-road testing trial in Australia as part of the Cooperative and Automated Vehicle Initiative (CAVI) to ensure the State is ready for the future. The government has chosen the urban area of Ipswich as the site of the large-scale test-bed to trial vehicles and infrastructure that can talk to one another as well as to test cooperative and highly-automated vehicles. Around 500 motorists will be recru
    Read More
  • July 11, 2012
    Good news for the ITS industry from new $105 billion US transportation reauthorisation bill
    ITS America has applauded approval by the US House of Representatives and the US Senate of the conference report to HR 4348, (here’s the link Joseph: http://www.rules.house.gov/Media/file/PDF_112_2/LegislativeText/CRPT-112hrpt-HR4348ih.pdf ) a legislative package which includes the surface transportation reauthoriSation bill. The bill passed the House by a wide margin of 373 – 52, was subsequently approved by the Senate by a 74-19 vote, and the legislation has been signed by the President. The legislation w
    Read More

Highlighted Content