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 1, 2012
    Prospects for intercity transport technology
    Magnetic levitation has been dismissed as unproven, too costly, or pie in the sky. It's time to reappraise it. With the unveiling by China (see News section, page 10) of its own, home-grown magnetic levitation train, it would be odd if politicians, policy-makers and the ITS industry did not want to take a closer look at the 'unproven' technology that is magnetic levitation. Fortunately, doing so is easy. The non-profit International Society for Maglev Transportation (The International Maglev Board) has an e
    Read More
  • February 6, 2012
    Prospects for intercity transport technology
    Magnetic levitation has been dismissed as unproven, too costly, or pie in the sky. It's time to reappraise it
    Read More
  • May 11, 2012
    Russia invests in ITS technology
    Russia’s transport systems are developing on a grand scale with ITS central to the plans, thanks in no small part to a recently relaunched ITS Russia. Jon Masters interviews the organisation’s chief executive officer Vladimir Kryuchkov Over coming years many of the biggest deployments of new technology for transport are likely to be seen in Russia. For a political and economic superpower, the world’s biggest country has only recently started to harness ITS for the good of its transport networks. But the sca
    Read More
  • August 14, 2013
    A new direction for the future of mobility?
    Tesla and SpaceX CEO Elon Musk has unveiled his vision of a futuristic Hyperloop transport system this week, proposing to build a solar-powered network of crash-proof capsules that would whisk people from San Francisco to Los Angeles in half an hour. Musk says the Hyperloop is expected to be a closed-tube transport system not unlike the pneumatic delivery systems found in some old buildings, which use a pulse of air to move a capsule and cargo to a designated location. Based on what he has revealed to date,
    Read More

Highlighted Content