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

  • NXP and eSSys To provide ITS technologies for Korean C-ITS pilot project
    July 26, 2016
    South Korea has embarked on a year-long pilot of a next-generation Cooperative Intelligent Transportation System (C-ITS) project in preparation for the 2018 Winter Olympics. Dutch secure connectivity company NXP Semiconductors and Korean automotive electronics specialist eSSys are to be technology partners in the project, which begins this month, promoted by the Korean Ministry of Land, Infrastructure and Transport. NXP will supply eSSys with its RoadLINK V2X chipset, a vehicle-to-vehicle (V2V) and v
    Read More
  • Bluetooth speed and travel data collection shows cost savings
    February 2, 2012
    Houston TranStar is using Bluetooth sensors to collect speed and travel data in a project which is already demonstrating significant cost savings
    Read More
  • Leonardo addresses new mobility trends
    October 19, 2022
    Italy-headquartered Leonardo outlines why, and how, the company is at the forefront of more effective, efficient, and sustainable mobility - a top European priority - through investments in the Next Generation EU programme, aimed at achieving energy and climatic objectives.
    Read More
  • Automakers, safety advocates, ITS community welcome action on V2V technology
    December 14, 2016
    A coalition of US automakers, highway safety advocates and intelligent transportation organizations welcome the release of the Department of Transportation's notice of proposed rulemaking (NPRM) to establish an interoperable platform for vehicle-to-vehicle (V2V) communications in new vehicles to provide safety and mobility benefits. Citing an enormous potential to reduce crashes on US roads, the US Department of Transportation believes the proposed rule that would advance the deployment of connected vehi
    Read More

Highlighted Content