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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

U.S. Secretary of Transportation Elaine Chao Announces New Council to Support Hyperloop Commercialization

March 12, 2019

Austin, Texas, March 12, 2019 (GLOBE NEWSWIRE) -- The Non-Traditional and Emerging Transportation Technology Council, which aims to explore the regulation and permitting of hyperloop technology to bring this new form of mass transportation to the United States, was announced by DOT Secretary Elaine Chao today at South by Southwest.

Virgin Hyperloop One has been engaged with the DOT and Secretary Chao for months, taking the necessary steps to commercialize this technology in the U.S. This council is the culmination of months of work at the federal, state, and local level.

“I want to thank Secretary Chao for her leadership setting up this forward-thinking council at DOT,” said Sir Richard Branson, founder of the Virgin Group. “Virgin Hyperloop One is eager to continue working with the Secretary and her team. Through our recent conversations it is clear she wants to be at the forefront of exploring innovative technologies to improve transportation in the United States.”

As hyperloop is a new mode of mass transportation, it requires a forward-thinking consortium to bring this to commercialization in the U.S. While some components are similar to rail, there are other components like cabin pressurization that look similar to a plane. The council will explore how to integrate expertise across the Department to expedite or facilitate these projects moving forward.

“Hyperloop is a new mode of transportation that is built for the 21st century,” said Jay Walder, CEO of Virgin Hyperloop One. “We want to be the company that spearheads the next giant leap forward in transportation here in the United States but we know we can’t do it alone. We applaud the DOT for their support of this technology.”

Alongside hyperloop, the council will explore emerging technologies like tunneling, autonomous vehicles, and other innovations. The council will ensure that the traditional modal silos at the DOT do not impede the deployment of new technologies.

“New technologies increasingly straddle more than one mode of transportation, so I’ve signed an order creating a new internal Department council to better coordinate the review of innovations that have multi-modal applications,” said Secretary Chao.

The council will hold its first planning meeting this week, and will be chaired by Deputy Secretary Jeffrey Rosen and vice chaired by Undersecretary of Transportation for Policy Derek Kan. Other seats will be occupied by modal administrators and other high-ranking DOT officials.

About Virgin Hyperloop One

Virgin Hyperloop One is the only company in the world that has successfully tested its technology at scale, launching the first new mode of mass transportation in over 100 years. The company successfully operated a full-scale hyperloop vehicle using electric propulsion and electromagnetic levitation under near-vacuum conditions, realizing a fundamentally new form of transportation that is faster, safer, cheaper, and more sustainable than existing modes. The company is now working with governments, partners, and investors around the world to make hyperloop a reality in years, not decades. They currently have projects underway in Missouri, Texas, Colorado, the Midwest, India, and the UAE. Learn more about Virgin Hyperloop One’s technology, vision, and ongoing projects here.

Media Assets

Virgin Hyperloop One media assets can be found here.

Ryan Kelly, Head of Marketing and Communications Virgin Hyperloop One (610) 442 1896 ryan.kelly@hyperloop-one.com

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