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Hyperloop signs agreement to license technology in South Korea

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Staff Writer | Monday June 26, 2017 4:16PM ET
Dirk Ahlborn
Technology   Technological innovation and infrastructure

Hyperloop Transportation Technologies (HTT) announced that it 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), as well as with the country’s top engineering research school, Hanyang University.


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The Korean Government is clearly committed to make high-speed tube travel a reality in the country.

HTT is leading the effort to design and build the Hyperloop and just recently announced the start of the production of the world’s first full-scale passenger hyperloop capsule.

“We were the first company working to make the Hyperloop a reality, and seeing governments like South Korea taking steps on implementing these systems are great milestones,” said Dirk Ahlborn, CEO of Hyperloop Transportation Technologies.

“As a technology firm, we are making our developments available to all parties interested in implementing this technology through our licensing program and ensuring there is a worldwide interchangeable standard.”

 

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