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

  • Continued impact of TEN-T programme
    November 29, 2012
    The Trans-European Transport Network Executive Agency (TEN-T EA) launched for the second year running a campaign aimed at showcasing successfully implemented TEN-T projects. The “ten (more) out of TEN” campaign highlights ten additional TEN-T projects whose successful implementation has yielded regional, national and European added value and which are helping to complete the TEN-T network.
    Read More
  • ‘Getting schooled in infrastructure’ tour kicks off
    June 17, 2014
    The ‘Getting schooled in infrastructure’ campaign bus tour by the US Laborers' International Union of North America (LIUNA) began this week at the now-closed I-495 bridge in Wilmington. The tour, intended to highlight LIUNA’s concerns about the country’s failing roads and bridges, will travel through more than 22 cities and Congressional districts in a bid to press Congress to pass a long-term, full-investment Highway Bill this year. The campaign also includes radio ads, billboards, online activity and g
    Read More
  • Visteon’s enters partnership on autonomous driving and cockpit systems
    January 11, 2018
    Visteon Corporation has signed a strategic agreement with China-based vehicle manufacturer Guangzhou Automobile Group Co., Ltd. Automotive Engineering Institute (GAC Engineering) to further its efforts to develop and deploy autonomous driving and other cockpit electronics solutions. Through the agreement, both companies will collaborate on autonomous driving solutions using Visteon’s DriveCore platform on a vehicle program scheduled to launch in 2020. It will also focus on potential commercial engagements
    Read More
  • Wabco to supply emergency braking technology to Hyundai
    May 18, 2012
    Wabco Holdings has entered into a long term agreement with Hyundai Motor Company, South Korea’s largest manufacturer of commercial vehicles, to develop and supply its OnGuardPlus system.
    Read More

Highlighted Content