, 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 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.

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SOURCE Hyperloop Transportation Technologies, Inc.

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