Propulsion Open Air Test
Oct 12 2015

Propulsion Open Air Test

Hi Team,

This morning we are announcing one of the many steps that move us closer to achieving our "Kitty Hawk" moment in 2016. 

The Hyperloop Tech team has been hard at work to finalize the location for the Propulsion Open Air Test (POAT) and today were announcing that we've reached an agreement and will start testing onsite at the Apex Industrial Park in the City of North Las Vegas, Nevada, in the next month. 

This is another step, but a very important one, on our way to realizing the full potential of Hyperloop Tech.  Our "Kitty Hawk" moment refers to our first full system, full scale, full speed test.  This will be over 2 miles of tube with a controlled environment and inside that tube we will levitate a pod and accelerate it to over 700mph.  We aim to achieve this in Q4 2016.

A special thanks to everyone on the Hyperloop Tech team who worked so effectively to accomplish this milestone. The recognition of the importance of our efforts by government officials at the state and local level in Nevada is extremely encouraging, and we expect this to be the first of many world changing breakthroughs to occur in 2016.

Keep thinking big, building fast and making the impossible a reality.

Well done and thanks!

Rob Lloyd

CEO Hyperloop Technologies Inc.

Propulsion Test Video

Hyperloop Technologies Inc. Announces Land Deal For Propulsion Open Air Test in North Las Vegas, Nevada

Company to begin Propulsion Open Air Test in first quarter 2016 on 50 acre site in Apex Industrial Park; Working in Conjunction with the State of Nevada, Governor Sandoval and the Office of Economic Development, and the City of North Las Vegas, Mayor Lee and team.

(Los Angeles, Calif.) December 8, 2015 -- Hyperloop Technologies Inc. announced today that the company has entered into agreements to locate their Propulsion Open Air Test (POAT) on an approximately 50 acre site it has secured in the Mountain View Industrial Park in Apex Industrial Park in the City of North Las Vegas, Nevada. Hardware will begin arriving this month, and testing is expected to begin early first quarter 2016.

“This decision represents another major milestone in our journey to bring Hyperloop to commercial reality,” said Rob Lloyd, CEO, Hyperloop Technologies, Inc. “Hyperloop Technologies will invest first in regions where we receive government advocacy to move fast. We are grateful for the support we have received from Governor Sandoval, the Nevada Office of Economic Development and Mayor Lee and his team from the City of North Las Vegas.”

The ability of the Office of Economic Development team and state and local officials to move at the pace that supports the test and future deployment of advanced technology was critical to location selection for the Propulsion Open Air Test.

"As a state, we are working diligently to attract and grow innovative companies and technologies that advance industries of all kinds,” said Nevada Governor Brian Sandoval. “Through this exciting announcement by Hyperloop Tech and its selection of Apex Industrial Park for its Propulsion Open Air Test, Nevada is thrilled to be playing a role in the critical testing of its innovative advanced technologies. While this is a short-term endeavor, it is a critical step in the company’s development of a truly unique mode of transportation, and I am proud of the work that has been done by the Las Vegas Global Economic Alliance, the City of North Las Vegas, Clark County, the Governor’s Office of Economic Development, and Hyperloop Tech to reach this point today. Thank you, Hyperloop Tech, for your selection of Nevada for this phase of your company development and becoming a partner in the New Nevada.”

Hyperloop is a transportation system in which a full-length tube is built between destinations, with a controlled environment inside the tube allowing people or cargo to travel at extremely fast speeds. The Propulsion Open Air Test will occur on a track of approximately 1km where the custom-designed linear electric motor will be tested at speeds of 540 km/hour. TheHyperloop technical team, led by CTO and co-founder Brogan BamBrogan, is pioneering unique innovations including advancements in propulsion, tube design and fabrication, levitation systems, pod designs and thermodynamics and systems engineering.

“Hyperloop Tech is a cutting-edge company focused on changing the way the world views transportation, and we could not be more excited about the role the State of Nevada is going to play in this first phase of testing,” said Steve Hill, Director of the Governor’s Office of Economic Development. “It certainly is thrilling to see how Nevada is becoming a place to research, develop, test, and implement advanced technologies driven by innovation.”

"I want to thank Governor Sandoval and his team for their hard work to bring this tremendous opportunity to North Las Vegas,” said Mayor John Lee. “He believes, like I do, that Hyperloop Tech will not only provide an economic boost to the region, it will demonstrate that Apex is the ideal location for visionary technology businesses."

This milestone is a critical first step towards the full Hyperloop system test. Hyperloop is in the final stages of site selection for the location of a Safety, Development and Test site where Hyperloop will construct a 3km full-scale, full speed prototype. The company is preparing to have this site fully operational in late 2016 / early 2017, as part of its goal to deliver a commercially viable, fully operational Hyperloop system by 2020.

Hyperloop Technologies Inc. employs a team of over 72 full time employees at the company’s three-acre, three-building campus in the downtown Los Angeles Arts District. Hyperloop Technologies Inc. is financially backed by leading investors Khosla Ventures, Formation 8, Sherpa Ventures, Zhen Capital, Caspian VC and more. The company has raised $37 million in financing to date and is currently completing a Series B round of $80m.

About Hyperloop Technologies, Inc.:

Hyperloop Technologies, Inc., is the world’s next breakthrough in transportation, engineering unique transportation solutions worldwide for both cargo and passengers. The company was founded in 2014 and is headquartered in downtown Los Angeles, California. For more information, please visit http://hyperlooptech.com.

About the Governor’s Office of Economic Development:

Created during the 2011 session of the Nevada Legislature, the Governor’s Office of Economic Development (GOED) is the result of a collaborative effort between the Nevada Legislature and Governor Brian Sandoval to restructure economic development in the state. GOED’s role is to promote a robust, diversified and prosperous economy in Nevada, to stimulate business expansion and retention, encourage entrepreneurial enterprise, attract new businesses and facilitate community development. More information on the Governor’s Office of Economic Development can be viewed atwww.diversifynevada.com.

Contact:

Meredith Kendall

The Pramana Collective

meredith@pramanacollective.com

310-739-6867