A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/12a8121f-dd8f-498c-9b16-41b77 69a3a4c
To develop a commercially viable hyperloop system, TransPod continues to build a network of global industry partners. In that network, Liebherr-Aerospace's extensive experience in developing leading-edge technology for aircraft, rail, and automotive vehicles will guide the design of systems that have low operating costs while remaining environmentally friendly and robust.
"As TransPod's vision and technology pave the way for hyperloop to become a reality around the world, we are continuing to expand our partner network of global industry giants who are passionate about re-imagining and improving the way we live and work," said Sebastien Gendron, co-founder and CEO, TransPod. "Liebherr-Aerospace's expertise and commitment to excellence has shaped technological advances in many industries, and we're confident this partnership will propel us even closer to bringing hyperloop to life in the near future."
"Liebherr has a long history of investing heavily into research and development of next-generation technologies," said Francis Carla, Managing Director and CTO Air Management Systems, Liebherr-Aerospace & Transportation SAS. "TransPod's innovative and cost-efficient designs for its hyperloop system make it an important strategic partner in our long-term vision of developing technologies of the future that will make transport greener, safer, and more comfortable."
In November 2016, TransPod announced the closing of a seed round for $15 million USD, and is continuing to invest in research, product development and global growth. In March 2017, TransPod announced the opening of three offices in North America and Europe to accelerate the development of a commercially viable hyperloop system by 2020.
About TransPod TransPod's goal is to disrupt and redefine commercial transportation between major cities in developed and emerging markets. The startup was founded in 2015 to build the world's leading hyperloop system to connect people, cities, and businesses with high-speed transportation that is affordable and environmentally sustainable. TransPod is headquartered in Toronto, Canada. For more information, visit www.transpodhyperloop.com.
About Liebherr-Aerospace Liebherr-Aerospace develops, manufactures and services air management, flight control / actuation systems, landing gears, gears and gearboxes as well as electronics for the aerospace industry. Liebherr provides a complete OEM customer service based on a global network with maintenance, repair and overhaul services, engineering support, documentation and spare parts as well as AOG service.
For more information, contact: Dianna Lai Read Director, Communications TransPod Inc. dianna.lai@TransPod.ca