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."

For more information on companies in this article

Related Content

  • Continental and IBM collaborate on connected vehicles
    September 11, 2013
    Continental and IBM are to collaborate on the joint development of fully-connected mobile vehicle solutions for the world’s car manufacturers. Central to the agreement is development of a highly scalable cloud platform that will enable automotive manufacturers to deliver a range of new mobile in-car services. Software updates and vehicle control device functionality will be delivered over the internet, removing costly and inconvenient workshop visits. The companies feel the solution may equally prove be
    Read More
  • Ertico coordinates big data debate
    November 2, 2016
    David Crawford finds that agreeing a common data standard for auto manufacturers’ onboard sensors, navigation system companies and map makers is proving a complex task.
    Read More
  • TTTech joins SafeTrans transportation safety group
    March 7, 2013
    To strengthen its close cooperation with partners and experts in the transportation field, Austrian network solutions provider TTTech has become a member of the competence group Safety in Transportation Systems (SafeTrans). SafeTrans is a group of industry experts and decision makers from railway, aerospace, space, automotive, off-highway and industrial segments and academia. The goal of the group is to combine know-how regarding research and development in the sector of embedded systems for transportation
    Read More
  • Volvo warns EU on its approach to electric vehicles and its transport white paper
    March 22, 2012
    Volvo Car Corporation warns that EU targets for cutting carbon dioxide emissions are being jeopardised by the absence of harmonised incentives to consumers. Another key issue is the urge for continuous support to automotive research and development, including electromobility. Stefan Jacoby, president and CEO of Volvo Car Corporation, told an industry seminar in Brussels yesterday that jobs, investment and competitiveness in the European car industry could be threatened by the European Commission's approach
    Read More

Highlighted Content