Friday, June 15, 2018

HyperloopTT Wins Planning Deal In Ukraine

Playa Vista-based Hyperloop Transportation Technologies, the transportation systems developer led by Dirk Ahlborn, said on Thursday that it has inked a deal with the Ministry of Infrastructure of Ukraine, to plan a commercial Hyperloop system in that country. Financial impact of that deal was not announced. According to HyperloopTT, the company will work with Ukraine's National Academy of Sciences, state defense conglomerate Ukroboronprom, aerospace manufacturer Yuzhmash and several other industrial and scientific institutions on the effort. HyperloopTT is one of a number of companies in Los Angeles looking to be the first to deploy a "Hyperloop" transportation system--based on a concept thrown out to the world by Tesla and SpaceX's Elon Musk of high speed, vacuum driven tubes designed to send people and cargo between cities at hundreds of miles an hour.

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