Hyperloop Transportation Technologies, Partners, and Government Stakeholders Move Forward with Regulatory Framework
- TÜV SÜD has produced the first set of Hyperloop Core Safety Requirements and Certification Guidelines
- HyperloopTT and Munich Re presented the first insurance framework for existing systems and licensing as part of future commercial systems
- Representatives and officials from the
- HyperloopTT becomes the first company to be able to offer an insurable and viable regulatory solution for a commercial system
At a private meeting held at TÜV SÜD's global headquarters in
"TUV SUD has been working intensively with HyperloopTT over the past year," said Ferdinand Neuwieser, CEO of TÜV SÜD Industrie Service GmbH. "As a global leader in this field, TÜV SÜD will contribute to making the innovative technology of Hyperloop reliable and safe. The potential risks for passengers and others will be reduced to a minimum. Furthermore the guideline will form a strong basis for standardization, regulation and certification of Hyperloop systems." The final version of the guideline is expected to be published in Q1 2019.
"Last year we told the world that HyperloopTT's system was insurable," said
"Hyperloop will change transportation as we know it," said Volodymyr Omelyan, minister of infrastructure of
"The creation of regulations and legal frameworks are critical components to our ongoing feasibility study between
"HyperloopTT is the first company to have an insurable commercial system," said
"In order to bring Hyperloop to reality we have sought out and formed alliances with industry leaders to provide the complete solutions for our systems," said Bibop Gresta, Chairman of HyperloopTT. "Now we invite other nations to join these pioneers."
About TÜV SÜD
Founded in 1866 as a steam boiler inspection association, the TÜV SÜD Group has evolved into a global enterprise. More than 24,000 employees work at over 1.000 locations in about 50 countries to continually improve technology, systems and expertise. They contribute significantly to making technical innovations such as Industry 4.0, autonomous driving, renewable energy and transportation systems safe and reliable. https://www.tuv-sud.com/
About Munich Re
Munich Re is one of the world's leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017
www.munichre.com
About HyperloopTT
Hyperloop Transportation Technologies (HyperloopTT) 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, HyperloopTT is creating and licensing technologies.
Founded in 2013, HyperloopTT is a global team comprised of more than 800 engineers, creatives and technologists in 52 multidisciplinary teams, with 40 corporate and university partners. Headquartered in
HyperloopTT is led by co-founders
Hyperloop Transportation Technologies' images and assets can be found here
Contact:
310-720-1214
Video - https://www.youtube.com/watch?v=uwm3qvFWVRU
Photo - https://mma.prnewswire.com/media/745124/HyperloopTT_Passenger_Capsule.jpg
Photo - https://mma.prnewswire.com/media/745126/Hyperloop_and_TUV_SUD.jpg
Check Car Insurance Costs And Save Money – Find Out Where
Hyperloop Transportation Technologies, Partners, and Government Stakeholders Move Forward with Regulatory Framework
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News