, 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.

"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

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SOURCE Hyperloop Transportation Technologies, Inc.

Related Links

http://hyperlooptransp.com