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, Oct. 17, 2017 /PRNewswire/ -- Hyperloop Transportation Technologies announced today that HTT's Hyperloop technology is feasible and insurable. After analysing risks and challenges, Munich Re has created the first Hyperloop Transportation Technologies Risk Report. Over the past year, a project team within Munich Re's Special Enterprise Risks Unit had been set up to consider the risks and challenges facing HTT's Hyperloop technology. Risk landscapes were developed not only for HTT, but also for HTT's Hyperloop technology itself. These risk landscapes shed light on enterprise and technological risk and document relevant external and internal influencing variables. The risk report forms the foundation for active strategic risk management.

HTT works with Munich Re on insurability of the system

Hyperloop Capsule interior

Hyperloop Transportation Technologies

Munich Re is of the opinion that the Hyperloop technology developed by HTT is both feasible and insurable in the medium term and that delivering the system demands a model represented by HTT's innovative approach. (Abstract can be found here)

Torsten Jeworrek, member of the Munich Re Board of Management, said of the forward-looking cooperation, "The technology developed by HTT is set to fundamentally change the way we travel in the future. Such technological shifts give rise to new insurance needs that demand innovative solutions - which our Hyperloop team at Corporate Insurance Partner is happy to develop."

Dirk Ahlborn , CEO and co-founder of HTT added, "Offering an insurable system is a massive milestone for this groundbreaking technology. As we move forward with commercialization of the system and our technology, our biggest challenge remains the creation of a new regulatory framework."

"With one of the world's leading insurance companies as a partner, we are able to integrate a risk management framework into our planning process," Bibop Gresta, Chairman and co-founder of HTT said. "Now with further validation that our technologies and system are feasible and insurable, we are ready to build. We are delighted to have found an innovative partner in Munich Re that takes a constructive and cooperative approach to our very specific needs."

As a leading risk carrier, Munich Re provides fundamental support for the corporate development of HTT and the commercial viability of Hyperloop technology. The cooperation demonstrates how Munich Re does not merely assume risks, but also supports companies with services that are tailored to their specific risks. Further cooperation between Munich Re and Hyperloop Transportation Technologies will expand the boundaries of transportation and insurability.

About Munich Re
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2016, the group - which combines primary insurance and reinsurance under one roof - achieved a profit of €2.6bn. It operates in all lines of insurance, with over 43,000 employees throughout the world. With premium income of around €28bn from reinsurance alone, it is one of the world's leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in ERGO, one of the leading insurance groups in and . ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2016, ERGO posted premium income of €16.0bn. Munich Re's global investments (excluding insurance-related investments) amounting to €219bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.

About HTT
Hyperloop Transportation Technologies Inc. (HTT) is an innovative transportation and technology company focused on realizing the Hyperloop, a system that moves people and goods at unprecedented speeds safely, efficiently, and sustainably. Through the use of unique, patented technology and an advanced business model of lean collaboration, open innovation and integrated partnership, HTT is creating and licensing technologies.

HTT is led by co-founders Dirk Ahlborn (CEO) and Bibop Gresta (Chairman) and a senior management team of experienced entrepreneurs and professionals. For more information or media inquiries, contact [email protected] or visit http://hyperloop.global/.

Hyperloop Transportation Technologies' images and assets can be found here

Contact:
Ben Cooke
Director of Media Relations
(310) 720-1214
[email protected]

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SOURCE Hyperloop Transportation Technologies

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, Sept. 6, 2017 /PRNewswire/ -- Hyperloop Transportation Technologies announced today that they have signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), to facilitate the development of HTT's Hyperloop Transportation System.

The proposed route for the Hyperloop is between the city centers of Vijaywada and Amaravati, potentially turning a trip of more than one hour into a 6 minute ride. The project will use a Public Private Partnership (PPP) model with funding primarily from private investors.

Hyperloop Transportation System

India map

"We are extremely delighted to have entered into a MoU with the Government of Andhra Pradesh to bring the HTT Hyperloop to ," said Mr. Bibop Gresta, Chairman & Co-founder, Hyperloop Transportation Technologies. "In partnering with Andhra Pradesh, HTT will work with local stakeholders to build the regulatory standards necessary for safe and efficient operation."

During Phase 1 of the project, HTT will conduct a six-month feasibility study commencing in October. Working with partners in the public and private sector, HTT will analyze the surrounding cityscapes to create the best route between the two cities while identifying all pertinent stakeholders in the region. After conducting the initial six-month feasibility study, Phase 2 of the project will construct and build HTT's first Hyperloop in .

"HTT's transportation platform will enrich the IT infrastructure and ecosystem of Andhra Pradesh to a large extent," said Nara Lokesh, Cabinet Minister for Information Technology, Panchayati Raj and Rural Development for the State of Andhra Pradesh. "The Hyperloop will give rise to development of various state-of-the-art technology parks and software clusters in Amaravati, helping to fortify the city's image as a world class leader in science and technology."

Mr. Krishna Kishore , Chief Executive Officer, APEDB said, "Amaravati is a state-of-the-art city being developed in Andhra Pradesh as its de facto capital. In order to boost its image and emerge as the frontier city in future technology, Amaravati is looking forward to collaborating with Hyperloop Transportation Technologies. Hyperloop is a cutting-edge technological disruption in the transportation industry."

Discussing the added benefits of establishing an ultra-high speed connection between the cities, Mr. Kishore added, "Like most of the world-changing technological advancements, HTT aims at collaborating with Government of Andhra Pradesh to foster research and development, in order to bring affordable and low-cost technologies for the masses. This will eventually lead to improved standards of living in the region. The EDB along with Government of Andhra Pradesh will assist Hyperloop Transportation Technologies Inc. (HTT) with all regulatory requirements to develop and implement Hyperloop."

The State of Andhra Pradesh is the seventh largest in with a population of over 50 million people. Connecting these emerging development regions with ultra-high speed transportation will establish this region as a leader in technological innovation and sustainable development.

About HTT

Hyperloop Transportation Technologies Inc. (HTT) is an innovative transportation and technology company focused on realizing the Hyperloop, a system that moves people and goods at unprecedented speeds safely, efficiently, and sustainably. Through the use of unique, patented technology and an advanced business model of lean collaboration, open innovation and integrated partnership, HTT is creating and licensing technologies.

HTT is led by co-founders Dirk Ahlborn (CEO) and Bibop Gresta (Chairman) and a senior management team of experienced entrepreneurs and professionals. For more information or media inquiries, contact [email protected] or visit http://hyperloop.global/.

Hyperloop Transportation Technologies' images and assets can be found here

Contact:
Ben Cooke
Director of Media Relations
(310) 720-1214
[email protected]

View original content with multimedia: http://www.prnewswire.com/news-releases/hyperloop-transportation-technologies-to-launch-indias-first-hyperloop-300514708.html

SOURCE Hyperloop Transportation Technologies Inc.

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, June 20, 2017 /PRNewswire/ -- Hyperloop Transportation Technologies (HTT) announced today 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.

Signing of Agreement between KICT and HTT

HTX map

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.

Details of the agreements include:

  • Licensing and research development of vacuum state tube infrastructure technologies and a safety management platform.
  • A full-scale testbed for the Hyperloop.
  • The licensing and development of tube technology, including welding, construction or maintenance with Korean steel and construction companies.
  • 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.

"We were the first company working to make the Hyperloop a reality, and seeing governments like 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."

"Tube travel changes the way people live and move, it has the opportunity to unite people," said Tai Sik Lee, KICT President. "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 finalized our preliminary research and now are getting ready to implement."

"As the first mover to develop the Hyperloop technology, it is now becoming crucial for us to focus on standardisation for our new and growing industry," said Bibop Gresta, HTT Chairman. "After more than three years of development, we're able to collaborate directly with governments and consortiums to create standards around the world."

About HTT

Hyperloop Transportation Technologies Inc. (HTT) is designing and building an end-to-end transportation system with a unique patented technology that moves people and goods at near the speed of sound safely, efficiently, and sustainably. Through an advanced business model of lean collaboration, open innovation and integrated partnership, HTT is creating and licensing technologies and has commenced construction of the world's first Passenger Hyperloop Capsule.

HTT was founded in November of 2013 and is now a global team comprised of more than 800 engineers, creatives and technologists in 52 multidisciplinary teams, with 40 corporate and university partners. Headquartered in , HTT has offices in and , UAE; ; ; . HTT has 6 international agreements and one strategic royal partnership, with 20 system sales under negotiation. HTT has signed agreements in , , , the , , and .

About HyperTube Express (HTX)

In January 2017, an agreement was signed to bring the Hyperloop to Korea locally dubbed the HyperTube Express (HTX). The agreement is a multi-year strategic partnership to execute the Korean government's plan to build a transportation system for the future. HyperTube Express would transform the three hour drive from to to a ride in just under 20 minutes.

Hyperloop Transportation Technologies' images and assets can be found here andhere

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SOURCE Hyperloop Transportation Technologies

, March 21, 2017 /PRNewswire/ -- Hyperloop Transportation Technologies (HTT) has begun construction of the world's first full scale Passenger Hyperloop™ Capsule. This first capsule is the culmination of over three years and thousands of hours of design, research, and analysis.

Hyperloop Capsule starts construction

Hyperloop Capsule Interior

Hyperloop Capsule Composite

Construction is underway for delivery and an official reveal in early 2018 at HTT's R&D center in Toulouse, for integration and optimization. The capsule will then be utilized in a commercial system soon to be announced from the ongoing negotiations and feasibility studies currently taking place around the world.

HTT's passenger capsule is being built in collaboration with Carbures S.A., a leading expert in fuselage and advanced materials construction in both aeronautics and aerospace. The final specs for the capsule are:

  • Length: 30 meters (98.5 feet)
  • Diameter: 2.7 meters (9 feet)
  • Weight: 20 tons
  • Passenger capacity: 28-40
  • Speed: Up to 1223 km/h (760 mph)

"We are building the world's first full scale passenger hyperloop capsule," HTT CEO Dirk Ahlborn said. "We are taking a passenger first approach to guarantee that safety is always our number one concern. It has been crucial in our development to go past the simple requirements of freight in order to build a better and safer system for everyone."

"This is a fascinating project utilizing our expertise and technology around the world," said Carbures Cofounder and Chairman Rafael Contreras . "We are pleased to work in this innovative, global, and important project."

"Carbures is a consolidated leader in the structural composites world with over 15 years of experience," said HTT Board Member Ramón Betolaza. "With over 1000 employees, eight manufacturing plants and five engineering centers, they are the perfect partner for HTT."

Carbures works on a global level with fuselages for the aviation industry. Their global positioning is especially well placed for the growing number of regions, including France, Czech Republic, Slovakia, Indonesia, and the United Arab Emirates, currently working with HTT to develop Hyperloop™ systems with more regions to be announced soon.

"We have some of the best global talent as part of our team," said HTT Chairman Bibop Gresta. "Tapping into this expertise ensures we are able to build not just faster, but better. Hyperloop comes to life because we're building this company in a smarter way."

About HTT

Hyperloop Transportation Technologies, Inc. (HTT) was founded in November, 2013, from JumpStartFund-a unique crowdsourcing incubator that leverages knowledge and assets to make ideas like Hyperloop™ a reality. HTT was formed to advance the technical and economic knowledge base of the Hyperloop™ transportation system; to develop and construct a full-scale research, prototype development and evaluation facility; and to implement the commercial deployment of an end-to-end Hyperloop™ ecosystem to address the ever-increasing intercity transportation needs of our society in a safe, affordable, and environmentally sustainable manner.

HTT has an exclusive agreement with Lawrence Livermore National Laboratory for use of their passive magnetic levitation system as the core of low-cost, safety-conscious design and construction of the Hyperloop™. Since its founding, HTT has grown quickly to include over 800 highly experienced engineers, architects, scientists, computer modelers, transportation planners and construction professionals working collaboratively to plan, design and construct this entirely new mode of transportation. hyperloop.global

About Carbures S.A.

CARBURES is a technological industrial group specialized in the manufacturing of composite parts and structures and in designing engineering systems, which operates in the aerospace, automotive, civil works, railway and security industries. CARBURES has almost 1,000 employees that operate in 18 plants in seven countries (, , , , , and the US) from three continents: America, , and Europe. carbures.com

Hyperloop Transportation Technologies' images and assets can be found here

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SOURCE Hyperloop Transportation Technologies Inc

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, March 8, 2017 /PRNewswire/ -- Hyperloop Transportation Technologies (HTT) announced today the signing of an agreement for a feasibility study with a contract value of 2.5 Million USD with private investors. This agreement marks the immediate exploration of the feasibility for a Hyperloop™ system for with an initial focus on , and a full exploration of Hyperloop transportation connecting and .

Indonesia Route 2

Indonesia Route 2

This is the first Hyperloop™ agreement in . In the past year HTT has made multiple historic deals and is currently working directly with regulators and governments including:

A multitude of similar government agreements is expected this year as HTT continues to create private public partnerships to develop route studies and the necessary regulatory framework for the Hyperloop™ systems worldwide.

With a population of over 260 million, is the fourth most populated country in the world. The city of , with a population of over 10 million people, faces some of the worst traffic in the world with a commonplace daily four hour commute. An estimated 70% of the air pollution comes from vehicles. A Hyperloop™ system would go to great lengths to help solve these issues. For example, a Hyperloop™ route from to Yogyakarta would take approximately 25 minutes, compared to nearly 10 hours via automobile. to neighboring Bandung would take 9 minutes, versus the current 2.5 hours, and a Hyperloop™ connecting Jakarta Soekarno-Hatta International Airport to the city center would take 5 minutes, compared to 30 minutes.

", and in particular, is one of the most densely populated areas in the world," said HTT Chairman, Bibop Gresta. "With traffic and congestion being such a big issue there, the Hyperloop will be a welcome transformation for the region."

"The Hyperloop will affect the full spectrum of life, from business to quality of life to sustainability," said Dwi Putranto Sulaksono, Founder of The Dwiyuna Jaya Foundation, the local partner. "We are happy to create this partnership with HTT which will create a positive impact for ."

"We have been in negotiations directly with a wide multitude of governments around the world for over two years now," said Dirk Ahlborn , CEO of HTT. "Now that we are ready to build our first system, developing the necessary regulatory framework is the most important step."

About HTT

Hyperloop Transportation Technologies, Inc. (HTT) was founded in November, 2013, birthed of JumpStartFund-a unique crowdfunding and crowdsourcing incubator platform that uses collective knowledge and assets to make ideas like Hyperloop™ a reality. HTT is a collaborative organization built within the egalitarian ecosystem of a company that values every one of its contributors-both individual and entity. Collaborations with groups such as Atkins, Leybold Corporation, and Deutsche Bahn have resulted in tremendous advancement of the Hyperloop™ transportation system, setting the stage for commitments to installations in Quay Valley, , , , Brno, , and in partnership with the Sheikh. More agreements are set to be formally announced during 2017.

HTT has an exclusive agreement with Lawrence Livermore National Laboratory for use their passive magnetic levitation system as the core of low-cost, safety-conscious construction and design in the Hyperloop™. The company is partnered with more than 600 professional team members who provide the company with engineering, physics, legal, human resources, media relations, logistics, and construction talent to fuel a company that is uniquely collaborative and talent-laden. In support of these endeavors and the global team, HTT announced the surpassing of $100 million in investments in December of 2016.

Hyperloop Transportation Technologies' images and assets can be found here

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/indonesia-embraces-htt-with-25-million-hyperloop-feasibility-study-300420201.html

SOURCE Hyperloop Transportation Technologies, Inc.

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, Jan. 24, 2017 /PRNewswire/ -- Hyperloop Transportation Technologies (HTT) announced today the signing of an agreement with the city of to open a facility for the development and testing of Hyperloop-related technologies. As part of this agreement the city, known worldwide as "Aerospace Valley," is providing a 3,000 square meter (37,674 sq. ft.) facility along with outdoor terrain. This announcement comes shortly after HTT's announcement of surpassing $100 million in in-kind and equity investment.

"Our new center in will help us continue to develop and manufacture important aerospace technology which will further improve the system," said HTT CEO Dirk Ahlborn . "The talent pool in the region allows us to hire some of the brightest minds in aerospace."

Hyperloop Transportation technologies opens in Toulouse Aerospace Valley

"Hyperloop Transportation Technologies represents the cutting edge of transportation," said Jean-Luc Moudenc, Mayor of and President of Toulouse Métropole. "This new collaborative corporation is already having a big impact on and the rest of the world. We look forward to the exciting advancements that HTT will develop here."

" is the heart of aerospace industry so it is only natural that we have a presence there amongst many of our partners and peers," said HTT Chairman Bibop Gresta. "We are grateful to the community of for welcoming us with open arms."

"Our close relationship with the local government is exactly what is needed to implement Hyperloop systems in ," said HTT COO Andres De Leon . "While developing our technology we will also work together to create the necessary regulatory framework for the system."

The new HTT Toulouse Research and Development Facility will be located at the Francazal Airport, a former military base being converted into a larger Mobility innovation Park by Toulouse Métropole. HTT worked closely with So Toulouse, an agency bringing investment to the area, along with Metropole, as key partners on the agreement.

This announcement marks the fourth development deal directly with a government and is the latest in a series of important developments for HTT this month, including: the signing of Brno, Czech Republic connecting to and , the development deal formed directly with the nation of Slovakia in 2016, and the official strategic partnership agreement with the office of His Highness Sheikh Falah Bin Zayed Al Nahyan in yesterday. At the end of 2016 HTT announced a development deal with the Department of Municipalities and Transportation of to develop a route connecting the city of with the neighboring city of .

Hyperloop Transportation Technologies, Inc. (HTT) was founded in November, 2013, birthed of JumpStartFund-a unique crowdfunding and crowdsourcing incubator platform that uses collective knowledge and assets to make ideas like Hyperloop™ a reality. HTT is a collaborative organization built within the egalitarian ecosystem of a company that values every one of its contributors-both individual and entity. Collaborations with groups such as Atkins, Leybold Corporation, and Deutsche Bahn have resulted in tremendous advancement of the Hyperloop™ transportation system, setting the stage for a commitment to an installation in Quay Valley, .

HTT has an exclusive agreement with Lawrence Livermore National Laboratory for use of their passive magnetic levitation system as the core of low-cost, safety-conscious construction and design in the Hyperloop™. The company is partnered with more than 600 professional team members who provide the company with engineering, physics, legal, human resources, media relations, logistics, and construction talent to fuel a company that is uniquely collaborative and filled with talent.

is the capital city of the southwestern French department of Haute-Garonne, as well as of the Occitanie region. It is the fourth-largest city in with more than 1.3 million inhabitants as of 2014. is the centre of the European aerospace industry, with the headquarters of Airbus, the Galileo positioning system, the SPOT satellite system, Airbus Group (formerly EADS), ATR and the Aerospace Valley. The city also hosts the European headquarters of Intel and CNES's Toulouse Space Centre (CST), the largest space center in . Thales Alenia Space , and Astrium Satellites-Airbus Group's satellite system subsidiary-also have a significant presence in . Its world-renowned university is one of the oldest in (founded in 1229) with an enrollment of more than 100,000 students. The air route between and is the busiest in , transporting 2.4 million passengers annually.

Our full press kit with images and video can be found here

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SOURCE Hyperloop Transportation Technologies, Inc.

, Jan. 18, 2017 /PRNewswire/ -- Hyperloop Transportation Technologies (HTT) announced today the signing of an exploratory agreement with the city of Brno, ( VIDEO). This agreement marks the immediate exploration of the feasibility for a Hyperloop™ system for the city with a focus on connecting Brno and , with which HTT already holds a development agreement, with a vision for also connecting , the Czech capital.

This is the first Hyperloop™ agreement to connect two international cities. In the past year HTT has made historic deals directly with the regulators and government officials of and and expects a multitude of similar government agreements this year continuing to create the necessary regulatory framework for the Hyperloop™ system worldwide.

Brno and Hyperloop Transportation Technologies

Brno, Czech Republic Takes First Step to Create European Hyperloop Connecting to Slovakia

Brno, Czech Republic Takes First Step to Create European Hyperloop Connecting to Slovakia

Brno is approximately 80 miles north from and 140 miles south of . The city is considered an international crossroads of railways and highways. Brno's main railway station sees 500 trains and 50,000 passengers daily and is currently operating at capacity.

"Connecting Brno with , and the existing efforts in along with other cities in the region with the next generation of transportation will set the stage for a new era," said Mayor Petr Vokřál . "We look forward to working with HTT to continue to bring innovation and opportunity to the city of Brno."

"Since we have solved all the technical issues, it is now crucial for us to collaborate with governments around the world," said HTT CEO Dirk Ahlborn . "It is critical for Hyperloop to be working directly with regulators at this stage of development, new rules and frameworks will need to be written as we begin building out systems in , the Emirates and several other to come."

"The industrial age came early to Central Eastern Europe which has one of the longest running rail systems on the planet," said HTT Chairman, Bibop Gresta. "As a global economic leader creating a Hyperloop network here will continue to bring connectivity and prosperity the region."

Hyperloop Transportation Technologies, Inc. (HTT) was founded in November, 2013, birthed of JumpStartFund-a unique crowdfunding and crowdsourcing incubator platform that uses collective knowledge and assets to make ideas like Hyperloop™ a reality. HTT is a collaborative organization built within the egalitarian ecosystem of a company that values every one of its contributors-both individual and entity. Collaborations with groups such as Atkins, Leybold Corporation, and Deutsche Bahn have resulted in tremendous advancement of the Hyperloop™ transportation system, setting the stage for commitments to installations in Quay Valley, , , U.A.E., Brno, , and the nation of Slovakia. More agreements are set to be formally announced during 2017.

HTT has an exclusive agreement with Lawrence Livermore National Laboratory for use their passive magnetic levitation system as the core of low-cost, safety-conscious construction and design in the Hyperloop™. The company is partnered with more than 600 professional team members who provide the company with engineering, physics, legal, human resources, media relations, logistics, and construction talent to fuel a company that is uniquely collaborative and talent-laden. In support of these endeavors and the global team, HTT announced the surpassing of $100 million in investments in December of 2016.

Hyperloop Transportation Technologies' images and assets can be found here

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/brno-czech-republic-takes-first-step-to-create-european-hyperloop-connecting-to-slovakia-300392760.html

SOURCE Hyperloop Transportation Technologies, Inc.

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The Abu Dhabi Department of Municipal Affairs and Tranport signs agreement with Hyperloop Transportation Technologies to study the development of high-speed transportation between Abu Dhabi and Al Ain

Abu Dhabi On Monday, 12 December 6, 2016 - In line with the Abu Dhabi Government's long term vision and plan, the Department of Municipal Affairs and Transport (DMAT) announced an agreement with Hyperloop Transportation Technologies (HyperloopTT) to undertake a feasibility study to connect Abu Dhabi and Al Ain using the HyperloopTM system. HyperloopTT is one of the global leaders in providing innovative solutions to the transportation industry, and the company's technology could have a significant impact on the future of transport in Abu Dhabi.

Eng. Khalid Mohamed Hashim, Acting Executive Director of Land Transport Sector at DMAT in Abu Dhabi, said: "Through this agreement with HyperloopTT, we aim to study the feasibility of developing of the first HyperloopTM system, which is one of the latest and most advanced transportation technologies that is expected to reach a top speed of 1,200 kilometers per hour. We hope to take advantage of this technology to connect the cities of Abu Dhabi and Al Ain, which will result in a travel time of about eight to twelve minutes."

He added: "The reinforcement of connectivity between Abu Dhabi and Al Ain is one of the strategic objectives of the Emirate of Abu Dhabi, aiming to stimulate economic, social and touristic development between Al Ain and its suburbs and the capital city. In addition to direct benefits, higher connectivity between two largest cities in the Emirates offers numerous indirect benefits, such as less reliance on private vehicles and traditional public transport modes, which means creating sustainable transport that can lessen the negative impact of transport related emissions in the Emirate.

HyperloopTT has an agreement with Lawrence Livermore National Laboratory, which grants the company an exclusive license to use the Laboratory's passive magnetic levitation technology in the HyperloopTM.

As one of the first companies in the world to develop the HyperloopTM technology, HyperloopTT has secured its technology innovations and intellectual property with numerous patents - including trademarks granted in more than 33 countries.

Press release For Immediate Release

The study agreement details a multi-phase rollout that includes route analysis, feasibility studies, and a cost estimate and development schedule which will be determined over the next few months. Once these analyses are successfully completed, both DMAT and HyperloopTT will discuss further steps. This project is the only initiative of its kind that has the support of the government of Abu Dhabi.

Bibop G. Gresta Chairman and Co-Founder of HyperloopTT said: "We are pleased to cooperate with the Department of Municipal Affairs and Transport to conduct a study on high-speed travel between Abu Dhabi and Al Ain. By leveraging a global team of experts and professionals, we are working to achieve a technical breakthrough in the field of transportation in Abu Dhabi. Our team's collaborative efforts from our offices in the UAE and around the world are focused on delivering humanized mobility through the development of the world's fastest, safest and most energy-efficient transportation solution."

He added: "We see in this agreement a significant opportunity that will allow us to bring to life our vision of providing valuable solutions with a positive impact on safe, rapid and effective transportation. It will result in providing a sustainable solution - reducing the carbon footprint while enriching the lives of people in various communities here in Abu Dhabi."

He also added: "This technology is based on the Halbach Array - a pattern of magnets which produces its own electrical current and levitation for the HyperloopTM capsules - the next generation of MagLev technology for safe and sustainable transport. HyperloopTT has the exclusive rights to develop this technology because of its international reputation and its extensive corporate and research/development partnerships.

The study will be useful for identifying locations for stations and tracks. The full environmental, economic and social benefits of this project will be realized once implemented. The cost of this exciting next-generation transportation technology - that is characterized by a high degree of safety and comfort - is estimated to be significantly less than traditional high speed rail. The system will also be completed in half the time needed to achieve traditional high speed rail projects, and will consume only a fraction of the energy.

About the Department of Municipal Affairs and Transport

The Department of Municipal Affairs and Transport has been formed in November 2016 pursuant to a law issued by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, thus replacing the ex "Department of Municipal Affairs" and "Department of Transport". Responsibilities of the Department of Municipal Affairs & Transport span a wide array of sectors including municipal affairs, civil aviation as well as land & marine transport sectors. The Department drafts legislations of relevance to these fields and submits them to the Executive Council. It also prepares relevant plans & strategies in accordance with the development policy of the government. The Law states that the Abu Dhabi City Municipality, Al Ain City Municipality and the Western Region Municipality as well as any municipality that may be established in future, has to be affiliated to the Department in order to ensure their compliance with the applicable legislations, and ensure the sound implementation thereof. Such changes are part of the endeavours of the Department of Municipal Affairs & Transport to set a platform conducive to the improvement of living standards and capable of serving the entire needs of community members besides adding to their happiness by enhancing the services offered to them. At the same time, these responsibilities will support the government efforts towards achieving a balanced, comprehensive and sustainable development in the Emirate.

About Hyperloop Transportation Technologies

Founded in 2013, Hyperloop Transportation Technologies, Inc. (HyperloopTT) is a global collaborative corporation creating the next breakthrough in transportation. HyperloopTT melds technological innovation, and the power of its community of passionate professionals, bringing disruptive innovation to transportation. Elon Musk published a white paper describing this futuristic high-speed mode of transport. Hyperloop Transportation Technologies was first to rise to the challenge of pursuing a vision pairing a reduced carbon footprint with an increased sense of connection across the planet. We founded this company to embrace our human responsibility to create meaningful solutions. HyperloopTT has offices in Los Angeles, Barcelona, Bratislava, and Abu Dhabi. More than 600 individuals and organizations in 40+ countries deliver a wide spectrum of game-changing technological breakthroughs, exploring every option toward realization of the revolutionary Hyperloop™. Innovation is the heart of HyperloopTT.

HTT Timeline - Page 9

, May 9, 2016 /PRNewswire/ -- Jumpstartfund's Hyperloop Transportation Technologies, Inc. (HTT) announced today a base technology of the Hyperloop™ System: passive magnetic levitation, originally developed by Dr. Richard Post and his team at Lawrence Livermore National Labs (LLNL) as part of the Inductrack system. (VIDEO: Watch Animation)

HTT and LLNL have been working together over the past year to develop and build test systems using passive magnetic levitation and HTT has exclusively licensed the system from LLNL for their Hyperloop™ application.

Hyperloop levitation system

"I had the honor of meeting with Dr. Post in 2014 prior to his passing," said Dirk Ahlborn CEO of Jumpstartfund and Hyperloop Transportation Technologies, Inc. "He saw the Hyperloop transportation system as the perfect fit for this technology and was excited to see it become part of the project."

Passive magnetic levitation, which was was developed at Livermore National Labs over a multi-year study that culminated in the successful construction of a test track, is a cheaper, safer alternative to an active magnetic levitation systems like MagLev.

"Utilizing a passive levitation system will eliminate the need for power stations along the Hyperloop™ track, which makes this system the most suitable for the application and will keep construction costs low," said Bibop Gresta, COO of Hyperloop Transportation Technologies. "From a safety aspect, the system has huge advantages, levitation occurs purely through movement, therefore if any type of power failure occurs, Hyperloop™ pods would continue to levitate and only after reaching minimal speeds touch the ground."

HTT's crowdsourcing model is working with organizations, universities and students to develop on top of their existing IP.

About Hyperloop Transportation Technologies, Inc.

Founded in 2013 by JumpStarter Inc. utilizing JumpStarter's crowd collaboration platform JumpStartFund, Hyperloop Transportation Technologies, Inc. (HTT) designs, manufactures and builds the most highly profitable, fastest, safest, environmentally friendly transportation system for passengers and goods. HTT leverages technology and a team of more than 520 global experts to bring disruptive innovation to the traditional transportation industry. Hyperloop first gained public interest when entrepreneur published a detailed white paper describing a futuristic mode of transport that would move people from to in about 30 minutes. Musk handed the concept to the public asking for entrepreneurs to take over its development while he focused on his existing projects. Hyperloop Transportation Technologies rose to the challenge.

About Hyperloop™

Hyperloop™ is a tube-based transportation system for inter- and intra-city transport. The removal of air in a tube allows for high speed capsule transport. The system maintains passenger comfort while accelerating capsules safely to 760 mph. Hyperloop uses a combination of alternative energy and conservation techniques such as photovoltaics, wind, kinetic, regenerative braking, and geothermal power to ensure sustainability and low cost. This suite of energy sources combined with an accelerated, low-cost build enables Hyperloop to develop rapidly and generate sustainable profitability, unlike most other transportation modalities.

Video - http://youtu.be/RPAtHvyvV7k

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/hyperloop-transportation-technologies-inc-reveals-hyperloop-levitation-system-300264946.html

SOURCE Hyperloop Transportation Technologies, Inc.

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http://hyperlooptransp.com

, March 11, 2016 /PRNewswire/ -- Slovakian government officials met with JumpStartFund's Hyperloop Transportation Technologies, Inc. (HTT) this week to finalize and sign an agreement to explore building a local Hyperloop system, with the vision of creating future routes connecting with and .

Photo - http://photos.prnewswire.com/prnh/20160311/343249

" is a technological leader in the automotive, material science, and energy industries, many of the areas that are integral to the Hyperloop system," said Dirk Ahlborn , HTT CEO. "Having a European Hyperloop presence will incentivize collaboration and innovation within and throughout . With our project in Quay Valley, this agreement with , and future developments with other regions of the world, HTT truly has become a global movement."

"Hyperloop in would cut distances substantially and network cities in unprecedented ways. A transportation system of this kind would redefine the concept of commuting and boost cross-border cooperation in ," said Vazil Hudak, Minister of Economy of the Slovak Republic. "The expansion of Hyperloop will lead to an increased demand for the creation of new innovation hubs, in and all over ."

A -to- route could take about 8 minutes at Hyperloop's full speed; a -to- route just 10 minutes. A route between and Košice-a distance of 400 kilometers (250 miles)-could also be considered and would connect the eastern and western sides of with a short trip of only 25 minutes, reducing the typical 4.5 hour car ride dramatically.

"In 1896 the first electric underground railway system was built in and already in 1914 the first electric trainline between and was created," said Bibop Gresta, HTT COO. " continues to confirm its position as one of the most forward thinking countries by embracing innovations like the Hyperloop transportation system."

HTT videos and photos can be found here.

About Hyperloop Transportation Technologies, Inc.

Founded in 2013 by JumpStarter Inc. utilizing JumpStarter's crowdfunding and crowd collaboration platform JumpStartFund, Hyperloop Transportation Technologies, Inc. (HTT) designs, manufactures and builds the most highly profitable, fastest, safest, environmentally friendly transportation system for passengers and goods. HTT leverages technology and a team of more than 500 global experts to bring disruptive innovation to the traditional transportation industry. Hyperloop first gained public interest when entrepreneur published a detailed white paper describing a futuristic mode of transport that would move people from to in about 30 minutes. Musk handed the concept to the public asking for entrepreneurs to take over its development while he focused on his existing projects. Hyperloop Transportation Technologies rose to the challenge.

Hyperloop is a tube-based transportation system for inter- and intra-city transport. The removal of air in a tube allows for the passage of capsules at high speeds. The system maintains passenger comfort whilst accelerating capsules safely to 760 mph. Its maximum acceleration is approximately 1g and the experience is similar to a performance car. Hyperloop uses a combination of alternative energy and conservation techniques such as photovoltaics, wind, kinetic, regenerative braking, and geothermal power to ensure sustainability and low cost. This suite of energy sources combined with an accelerated, low-cost build, enables Hyperloop to develop rapidly and generate sustainable profitability, unlike most other transportation modalities.

Hyperloop Transportation Technologies, Inc.

Ministry of Economy of the Slovak Republic
Zuzana Nehajova, Director General at the Directorate General for Innovation and Business Environment
Email

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/hyperloop-transportation-technologies-reaches-agreement-with-slovakia-300234762.html

SOURCE Hyperloop Transportation Technologies Inc

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http://hyperlooptransp.com

, Jan. 21, 2016 /PRNewswire/ -- JumpStartFund's Hyperloop Transportation Technologies, Inc. (HTT) announced today the filing of construction permits with to kick off construction activities in Quay Valley. On site preparation activities will commence in the coming weeks with principle construction beginning by the end of 2nd quarter 2016. HTT is in the selection process after an overwhelming response to a Request For Interest (RFI) sent to more than eighty companies for the first full-scale passenger -ready Hyperloop installation.

Photo - http://photos.prnewswire.com/prnh/20160121/324483
Photo - http://photos.prnewswire.com/prnh/20160121/324484

"After over two and a half years of research and development our team has reached another important milestone. This will be the world's first passenger-ready Hyperloop system," said HTT CEO Dirk Ahlborn . "Everyone traveling on I-5 in 2016 will be able to see our activities from the freeway."

The on-site preparation includes a geotechnical investigation to determine the placement of pylons which support the tube. Soil samples will be taken by boring into the earth.

Once the ground survey is complete, Hyperloop will immediately perform mapping procedures with drone technology to mark the corridor, pylon positions, and station location. The mapping is needed to calculate both the horizontal and vertical alignments required as part of the building permit.

Leading up to the ground breaking in the second quarter of 2016, HTT will be interviewing contractors to construct the pylons, tubes, capsules and stations for the Quay Valley Track. First optimizations of the completed Hyperloop system are expected by 2017 with a full opening to the public by 2018.

HTT videos and photos can be found here.

About Quay Valley

Quay Valley is located on 7,500 acres directly between and along famous Interstate 5 Freeway. A sustainable model town for the 21st century, Quay Valley is the first urban center to be built with special attention paid to the highest levels of green design standards and resource conservation. Quay Valley will be a 100 percent solar-powered, self-sustaining residential community of 25,000 homes that incorporates cutting-edge technology into a retail, education, entertainment and hospitality infrastructure, generates thousands of jobs, and strengthens the Central Valley's economy--all while protecting the natural resources and beauty of the land.

About Hyperloop Transportation Technologies, Inc.

Founded in 2013 by JumpStarter Inc. utilizing JumpStarter's crowdfunding and crowd collaboration platform JumpStartFund, Hyperloop Transportation Technologies, Inc. (HTT) designs, manufactures and builds the most highly profitable, fastest, safest, environmentally friendly transportation system for passengers and goods. HTT leverages technology and a 480+ team of global experts to bring disruptive innovation to the traditional transportation industry. Hyperloop first gained public interest when entrepreneur published a detailed white paper describing a futuristic mode of transport that would transport folks from to in about thirty minutes. Musk handed the concept to the public asking for entrepreneurs to take over its development while he focused on his existing projects. Hyperloop Transportation Technologies rose to the challenge.

Hyperloop is a tube-based transportation system for inter- and intra-city transport. The removal of air in a tube allows for the passage of pods at high speeds. The system maintains passenger comfort whilst accelerating the pod safely to 760 mph. Its maximum acceleration is approximately 1g and the experience is similar to a performance car. Hyperloop uses a combination of alternative energy supply and conservation techniques such as photovoltaics, wind, kinetic, regenerative braking, and geothermal power to ensure sustainability and low cost. This suite of energy sources combined with an accelerated, low-cost build, enables Hyperloop to develop rapidly and generate sustainable profitability, unlike most other transportation modalities.

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/hyperloop-transportation-technologies-begins-construction-process-of-first-full-scale-passenger-system-300207760.html

SOURCE Hyperloop Transportation Technologies, Inc.

Related Links

http://hyperlooptransp.com

, Aug. 20, 2015 /PRNewswire/ -- JumpStartFund's Hyperloop Transportation Technologies (HTT) announced today that the core team working on the full scale hyperloop has now surpassed 400 professionals. This latest announcement welcomes companies like Oerlikon, AECOM, and Hodgetts & Fung, all of whom are providing key technological and infrastructure support to the HTT as they head towards a groundbreaking in 2016 in Quay Valley .

Photo - http://photos.prnewswire.com/prnh/20150820/259899
Photo - http://photos.prnewswire.com/prnh/20150820/259900

"Our team continues to grow and, along with these new alliances, is representative of the collaborative spirit of HTT and are key to our success in breaking ground in 2016," said Dirk Ahlborn , CEO of HTT. "We receive applications from professionals and are approached by industry leading companies every day."

"We are proud to be a part of this exciting and groundbreaking project while delivering our vacuum know-how for this concept and thus to facilitate the Hyperloop vision to become reality. Here is a chance to have the best minds in the world working together on an idea for the future. As a pioneer of vacuum technology, this is a very special obligation for us, and our staff welcomes this challenge especially," explains Dr. Martin Fuellenbach , CEO of Oerlikon Leybold Vacuum. "We contribute in delivering our extensive expertise, as well as the necessary calculations and technology to create and maintain the partial vacuum that is needed to reach such high speeds."

"HTT's technology is very exciting and could have a significant impact on transportation infrastructure in the future," , Vice President of New Ventures at AECOM said. "AECOM is the industry's leading engineering design firm, and HTT's approach to addressing transportation challenges is consistent with our focus on delivering innovative solutions that positively impact the communities we serve."

"Working with HTT to help make the Hyperloop a reality is an inspiring journey as we together share a vision to transform transportation, and with it, to transform neighborhoods, relationships and the way business is done," said Craig Hodgetts of Hodgetts + Fung Architects. "I, along with many others, believe it will be a reality before this century begins its full third decade!"

About Hyperloop Transportation Technologies
(HTT) was founded in November 2013, using JumpStartFund: a crowdfunded and crowdsourced platform that uses collective knowledge and collective assets to make ideas like Hyperloop™ a reality. Consisting of over 400 professionals who are making HTT a reality by working in structured teams with minimum weekly commitments, in exchange for stock options in the company, it has attracted top talent from companies like Nasa, Boeing Airbus, SpaceX, Tesla and many alike as well created partnerships and sponsorships with several top universities and companies. Interested Professionals can apply to be part of the team here.

The company completed the feasibility study in December 2014 and struck a deal with land owners in Central Valley, giving HTT easement for the first five-mile full-scale passenger transport system. HTT is a company that is using crowdsourcing to receive input from the community and general public through crowdstorm activities on JumpStartFund, a first for a project of this scale and nature.

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/hyperloop-transportation-technologies-surpasses-400-core-team-members-adds-key-industry-partners-300131264.html

SOURCE Hyperloop Transportation Technologies

Related Links

http://www.hyperlooptransp.com

HTT Timeline - Page 14

, Dec. 19, 2014 /PRNewswire/ -- Hyperloop Transportation Technologies, Inc. powered by JumpStartFund announced today the crossing of major milestones, bringing the company closer to the goal of creating a working high speed mass transit system. These milestones include the finalization of the company's 100 core team members and the publishing of a new crowdstorm document.

Photo - http://photos.prnewswire.com/prnh/20141219/165549
Photo - http://photos.prnewswire.com/prnh/20141219/165550

Recently acquiring its 100 core team members, Hyperloop Transportation Technologies is powered by the unique collaboration platform JumpStartFund. These 100 members are professionals, engineers and designers from some of the most esteemed organizations on the planet, including Boeing, Airbus, NASA, Harvard, UCLA, Stanford, and others, collaborating globally in the U.S., , and Europe.

The company released a new crowdstorm document expanding on concepts and sharing the most recent developments produced by the company. Highlights from the paper include a detailed cost, route and safety analyses.

"This document updates the public at large while allowing us to brainstorm with the crowd on other innovative solutions," said JumpStartFund CEO Dirk Ahlborn . "We believe crowdstorm initiatives like this one represent the future of how big ideas will become reality."

In August of 2013, famed entrepreneur presented his concept for The Hyperloop to the world in a white paper posted on the Tesla Motors and SpaceX blogs, asking the global tech community to step up to make the project a reality. JumpStartFund heeded the call and soon after announced the formation of Hyperloop Transportation Technologies, Inc. on its unique crowdsource platform which contracts with top professionals in relevant industries to develop and bring projects from concept to reality.

About Hyperloop Transportation Technologies, Inc.
Founded by JumpStarter Inc. utilizing JumpStarters crowdfunding and crowd collaboration platform JumpStartFund. The company has assembled a team of high-level engineers and contributing corporations which include ANSYS for computer simulation sources, GloCal Network Corporation and UCLA : Architecture & Urban Design for considering social interface of the Hyperloop project.

About JumpStartFund
-based JumpStartFund is a crowd-powered incubator that allows entrepreneurs to build communities of experienced professionals around their projects. Both an equity and rewards-based crowd platform, JumpStartFund helps startup companies and a wide variety of projects. Using the disruptive power of the crowd to vote, comment and contribute on ideas in development, the platform is designed to help create companies that might not have been. Founding members have been part of the Girvan Institute of Technology, a non-profit, public benefit corporation chartered to facilitate the transfer, development and commercialization of technologies, and to foster the growth of early-stage high-tech companies. JumpStartFund's primary mission is to help both entrepreneurs and investors leverage the power of the Internet to make it easier for companies to succeed. For more information, please visit www.jumpstartfund.com.

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/hyperloop-transportation-technologies-inc-announces-new-designs-crowdstorming-document-and-core-team-300012487.html

SOURCE Hyperloop Transportation Technologies, Inc.

HTT Timeline - Page 16

EL SEGUNDO, Calif.--()-- JumpStartFund, a crowd-powered online incubator, today announced that its community members have voted and overwhelmingly agreed on the name of the newly created company that will bring the Hyperloop concept to life. Hyperloop Transportation Technologies Inc., which is being led by Dr. Marco Villa and Dr. Patricia Galloway, will start operating immediately and is making the next Hyperloop Development Milestones available at https://www.jumpstartfund.com/hyperloopmilestones.html in an effort to provide a cohesive view of the upcoming effort surrounding the project and to stimulate feedback from the community.

Since the last announcement on September 26, 2013 surrounding this project, JumpStartFund-backed Hyperloop Transportation Technologies Inc. has reached agreements with ANSYS, who previously released the results of internally funded independent analysis aimed to verify the overall feasibility of the Hyperloop, GloCal Network Corporation (GLOCAL), who will make its resources available to provide support in two of the project's main areas - "Manufacturing" and "Supply and Value Chain," and UCLA Architecture and Urban Design's graduate program SUPRASTUDIO, who will speculate where the stations in pair cities could be based, what the urban planning around those areas might look like, investigate design matters related to traveler experience - including station design, vessel design and addressing "last mile" solutions - and finally, how such a project could be brought to light.

"The Hyperloop is a unique, unprecedented concept, which will need rapid development and evaluation of numerous design concepts for all subsystems - a task greatly facilitated by simulation technology," said Dr. Sandeep Sovani, director of automotive and ground transportation industry at ANSYS. "At ANSYS, we have already virtually tested an initial concept of the Hyperloop, using our highly mature simulation technology that is used today by major manufacturers of aircraft, rockets, trains and automobiles. We are excited about the Hyperloop project and are planning to make our software available to the development team at Hyperloop Transportation Technologies Inc."

"We jumped on this once in a lifetime opportunity to work with Hyperloop Transportation Technologies Inc.," said Professor James Dimitrios Constantine Seferis, chairman of the board and executive director of GloCal Network Corporation. "As a world leader in advanced materials and processes, our skill set is the perfect match to help the development team bring this project to life."

UCLA Architecture and Urban Design Chair Hitoshi Abe states, "As with all innovations of this scale, it's not the technology itself that is the most important, but how cities and people change because of the technology, and how these changes are reflected in the urban environment."

"What we have experienced in the last few weeks is more than memorable," said Dr. Marco Villa. "We had the privilege to be in many calls with incredibly talented individuals and organizations, all of which shared the excitement and positive attitude toward this project. Once the final list is compiled and made public, I am sure many people will be incredulous to the level of talent that we have been able to attract."

As an additional confirmation of the general interest around the project, JumpStartFund is now inundated by applications from the community who want to join the team. Interested applicants can apply directly on JumpStartFund.com.

"Truly amazing talent is reaching out and wanting to be part of this first-of-a-kind megaproject and the fifth dimension of transportation," said Dr. Patricia Galloway. "I am so excited and proud to be working with an experienced and passionate team of individuals who are believers in making dreams come true. This company and its project is truly groundbreaking and will forever change the way we design and build the state-of-the-art megaprojects of the future."

"The mere fact that global leaders such as ANSYS, GLOCAL and UCLA have agreed to partner with us along with the quality of applicants who have applied to be part of this project is overwhelming," said Dirk Ahlborn, CEO and founder of JumpStartFund. "It's truly great to see that our community driven concept of bringing ideas to life really works!"

About JumpStartFund

El Segundo, CA-based JumpStartFund is a crowd-powered online incubator that gives accredited investors access to exclusive dealflow and technology transfer opportunities. Both an equity- and rewards-based crowdfunding platform, JumpStartFund helps people raise money for startup companies and a wide variety of projects. Using the disruptive power of the crowd to vote, comment and contribute on ideas in development, the platform is built to help create companies that might not have been. Founding members have been part of the Girvan Institute of Technology, a non-profit, public benefit corporation chartered to facilitate the transfer, development and commercialization of technologies, and to foster the growth of early-stage high-tech companies. JumpStartFund's primary mission is to help both entrepreneurs and investors leverage the power of the Internet to make it easier for companies to raise capital. For more information, please visit www.jumpstartfund.com.

~Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.

EL SEGUNDO, Calif.--()-- JumpStartFund, a crowd-powered startup, today announced that Dr. Marco Villa, former director of mission operations, SpaceX, and Dr. Patricia Galloway, first woman President of the American Society of Civil Engineers (ASCE), will lead and manage the Hyperloop project, an Elon Musk concept that was posted on its crowd-powered portal in August 2013. Equally, JumpStartFund is now accepting applications through its platform (apply in the "Participate" section) from JumpStartFund members who wish to work fulltime on the project in exchange for equity.

After its initial posting on JumpStartFund, and after 28 days of voting, commenting and vetting by the JumpStartFund community, a new company will be created to bring the Hyperloop project to life. The Villa/Galloway duo will be calling on JumpStartFund members to participate in different advisory groups to collaborate on every aspect of moving the Hyperloop concept forward - from design and feasibility, to solving technical challenges and creating a team surrounding its development.

"There does not seem to be any technical issues on this project that we can't solve, even if we do not know right away, we will figure it out," said Dr. Marco Villa. "Hyperloop is a very complex system and we look forward to receiving input and support from all the brilliant minds out there in the JumpStartFund community to make this a true open source development."

"I believe this project will revolutionize how transportation will be viewed for future travel to and from major cities similar to the way the Concorde almost changed air travel," said Dr. Patricia Galloway. "What is different today is the opportunities that crowdsourcing and crowdfunding offers in getting dreams and innovations off the ground to allow the 'Concordes' of the future become reality today."

"A lot of people talk about why this project will never work and how difficult it is to realize," said Dirk Ahlborn, CEO and co-founder of JumpStartFund. "We are honored to have Dr. Villa and Dr. Galloway on board to lead our community, and their involvement goes a long way to proving that our platform's processes, along with our community, can actually bring mega projects to life, such as Hyperloop."

About Dr. Marco Villa

In 2007, Marco joined Space Exploration Technologies (SpaceX), where he rose to the position of Director of Mission Operations, with responsibilities over the selection and training of operators, ground segment architecture, mission planning, and the final integration, on-orbit operations and recovery of the Dragon spacecraft. Dr. Villa was integral in the effort to successfully execute $2.5B in contracts for ISS cargo resupply and crewed Dragon development programs.. A certified Mission Director for Dragon missions to the International Space Station, Dr. Villa has been part of multiple successful missions, including lead roles over ISS approach and departure. Before leaving SpaceX in 2013, Dr. Villa was part of the on-going effort to develop the crewed version of the Dragon capsule, with responsibilities ranging from the definition of the overall concept of operations, to the establishment of the crew training methodology. Currently Dr. Villa is a business development consultant and co-founder of mv2space LLC, and is also Vice President for Products Development at Tyvak Nano-Satellite Systems LLC. For more on info on Dr. Villa, see www.linkedin.com/pub/marco-villa/2/65a/6b8.

About Dr. Patricia D. Galloway

Dr. Patricia D. Galloway serves as an advisor to the energy and infrastructure industries regarding corporate governance, risk management, contracting/delivery, industry best practices, and program/project on complex megaprojects worldwide. She served as a member of the U.S. National Science Board, appointed by President Bush with Senate confirmation in 2006 for a six-year term, and served as its Vice Chair from 2008-2010. She is a mediator and an international arbitrator and is a member of the Board of Directors of the American Arbitration Association (AAA). She is also the Chair of the AAA National Construction Dispute Resolution Committee. With over 35 years of experience globally, she is a Registered Professional Engineer in 14 US States, Manitoba, Canada and Australia. Dr. Galloway is a Certified Project Management Professional (PMP) by the Project Management Institute (PMI), a Chartered Surveyor by the Royal Academy of Chartered Surveyors in the UK and holds a certificate of Director Education by the National Association of Corporate Directors and has serves on a number of private and non-profit boards. For more info on Dr. Galloway, see www.linkedin.com/pub/pat-galloway/12/248/998.

About JumpStartFund

El Segundo, CA-based JumpStartFund is a crowd-powered startup that gives accredited investors access to exclusive dealflow and technology transfer opportunities. Both an equity- and rewards-based crowdfunding platform, JumpStartFund helps people raise money for startup companies and a wide variety of projects. Using the disruptive power of the crowd to vote, comment and contribute on ideas in development, the platform is built to help create companies that might not have been. Founding members have been part of the Girvan Institute of Technology, a non-profit, public benefit corporation chartered to facilitate the transfer, development and commercialization of technologies, and to foster the growth of early-stage high-tech companies. JumpStartFund's primary mission is to help both entrepreneurs and investors leverage the power of the Internet to make it easier for companies to raise capital. For more information, please visit www.jumpstartfund.com.

~Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.

HTT Timeline - Page 19