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

  • April 21, 2017
    Global powertrain market experience immense growth, say researchers
    The latest report from Frost & Sullivan indicates that the global powertrain market is experiencing immense growth as new low-emission technologies such as engine downsizing and rightsizing; direct injection; turbocharging; transmission electrification; and electric vehicle (EV), hybrid and gasoline engines transform the industry. Original equipment manufacturers (OEMs) are embracing platform strategy as a tool to improve the energy efficiency of powertrain systems and to achieve fleet level CO2 compliance
    Read More
  • July 16, 2021
    Bringing the Internet of Mobility to life
    As we chart our route to the ITS World Congress in Hamburg, a recent Ertico-ITS Europe webinar explored the future of connectivity including policy, infrastructure and security
    Read More
  • May 29, 2013
    Redflex enforces commitment to ethics
    Redflex has introduced stringent ethical and procedural requirements following an investigation into corruption in Chicago. Like the Phoenix, which also happens to be the name of the company’s home city, Redflex Traffic Systems has been reborn. Following a headline-making public relations debacle late last year, Redflex has reinvented itself, establishing a series of stringent policies and procedures to ensure ethical business conduct, while continuing to deliver the traffic safety technology and services t
    Read More
  • March 19, 2015
    Car parking and parked cars need not be a technological black hole
    David Crawford mines the potential of joined-up parking. Drivers conventionally see parking as an isolated, often frustrating, action; but collectively their attempts to find a space impact hugely on traffic flows. But new analyses of parking events look set to deliver real benefits to motorists and cities alike. Initiatives getting under way around the world are highlighting the advantages of connecting up parking events and – eventually - parked cars. The hoped-for results include not only enhanced urban
    Read More

Highlighted Content