GlobeNewswire

Virgin Hyperloop One Zooms Into Washington D.C. to Present Pioneering Transit Technology, Government Partnerships & Viable Routes Across the United States

Share

Transportation Firm is Rapidly Expanding Roster of Government Partners who Support Certification and Regulatory Investment in this New Form of Mass Transportation in Europe, USA, and India

WASHINGTON, June 27, 2019 (GLOBE NEWSWIRE) -- Virgin Hyperloop One (VHO), the only hyperloop company in the world to successfully test its technology at scale, was on Capitol Hill in Washington D.C. today to showcase its industry-leading technology to members of Congress and federal stakeholders at its event “Hyperloop On The Hill,” as the company continues to broaden support of its revolutionary transportation technology across the globe. 

Building off of the momentum of U.S. Secretary of Transportation Elaine Chao’s newly-formed Non-Traditional and Emerging Transportation Technology (NETT) Council to support new and innovative transportation projects like hyperloops and self-driving cars, Virgin Hyperloop One’s demonstration on Capitol Hill focused on this new mode of transportation that will change the way we move passengers and cargo in a safe, sustainable, and efficient way.

Virgin Hyperloop One has been working with the Directorate-General for Mobility and Transport in Europe and the Consultative Group on Future Transportation (CGFT), under the Principal Scientific Advisor to the Government of India as there has been significant interest from regulatory agencies in those regions to coordinate and prepare a global framework that would regulate hyperloop technology and systems.

Now, there is a serious movement in the United States to accelerate the regulatory process. The vision of the NETT Council is to develop and establish department-wide processes, solutions, and best practices to identify and manage non-traditional and emerging transportation technologies and projects, to provide assistance to local and state governments, and to conduct research to better understand the safety and regulatory needs of these technologies.

“We are seeing growing interest and excitement in the hyperloop vision from across the United States, Europe, and India at both the local and federal level,” said Sir Richard Branson, founder of the Virgin Group. “I believe we could see a hyperloop passenger system in years, not decades.”

In May, House Transportation and Infrastructure Chairman Peter DeFazio (D-OR) became another global transportation leader to visit VHO’s full-scale test track outside of Las Vegas.  The European Commission’s Deputy Director General for Mobility and Transportation, Matthew Baldwin, and the Chief Minister of Maharashtra in India, Shri. Devendra Fadnavis, have also visited Devloop, the most established global test site in the hyperloop space.

“It is time to seize the opportunity that hyperloop technology presents to bring people and economies closer together through more efficient, affordable, and seamless travel,” said Jay Walder, CEO of Virgin Hyperloop One. “We are now seeing the groundswell of support that’s needed to realize the hyperloop revolution with the formation of the NETT Council and support from lawmakers across the world. As hyperloop moves toward reality it’s becoming clear that it will not only transform how we travel but also create an entirely new industry with thousands of new jobs.”

XP-1 Hits the Road
As cities across the country face increasing transportation challenges, such as extreme traffic congestion, vehicle emissions, long commute times and more, today’s event also kicked-off Virgin Hyperloop One’s roadshow. This summer, Virgin Hyperloop One will be travelling across the United States to showcase their XP-1 vehicle, connect with communities, and educate local and state governments on the tangible benefits of hyperloop. Virgin Hyperloop One’s technology would transport passengers and goods three times as fast as high-speed rail and enable regional cities to connect just as local city subways connect neighborhoods.

After Washington D.C., Ohio will be the next stop on the tour, taking place later this summer. Over the next few months, Virgin Hyperloop One will make stops across America in Missouri, Texas, Ohio, and more to showcase its technology.

About Virgin Hyperloop One
Virgin Hyperloop One is the only company in the world that has successfully tested its hyperloop 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. Learn more about Virgin Hyperloop One’s technology, vision, and ongoing projects here.

Media Assets
To download high-resolution route maps and visuals of VHO technology, please click here.

Media Contact
Ryan Kelly
Head of Marketing and Communications
Virgin Hyperloop One
ryan.kelly@hyperloop-one.com
+1 610 442 1896

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed91efdc-268f-4db7-8dff-562c2901022a

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

FRO - Invitation to Q3 2019 Results Conference Call and Webcast19.11.2019 13:16:00 CETPress release

Frontline Ltd.’s preliminary third quarter 2019 results will be released on Wednesday November 27 2019, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at www.frontline.bm ahead of the conference call. In order to attend the conference call you may do one of the following: a. Webcast Go to the Investor Relations section at www.frontline.bm and follow the “Webcast” link. b. Conference Call Participant dial-in telephone numbers: Norway +47 2156 3162 Norway toll free 800 10392 UK +44 (0) 203 009 5710 UK Toll Free 0 800 376 7425 USA +1 917 720 0178 USA Toll Free 866 869 2321 Conference ID 5598374 Participants will be asked for their full name & Conference ID. A Q&A session will be held after the teleconference/webcast. Information on how to submit questions will be given at the beginning of the session. The presentation material which will be used in th

Oasmia offentliggör prospekt i samband med företrädesemission om cirka 399 MSEK samt uppdaterad information som återfinns i prospektet19.11.2019 13:00:00 CETPressemelding

EJ FÖR PUBLICERING, DISTRIBUTION ELLER OFFENTLIGGÖRANDE, DIREKT ELLER INDIREKT, HELT ELLER DELVIS, INOM ELLER TILL USA, AUSTRALIEN, HONGKONG, JAPAN, KANADA, NYA ZEELAND, SCHWEIZ, SINGAPORE, SYDAFRIKA ELLER NÅGON ANNAN JURISDIKTION DÄR SÅDAN PUBLICERING, DISTRIBUTION ELLER OFFENTLIGGÖRANDE SKULLE VARA I STRID MED GÄLLANDE REGLER ELLER KRÄVA YTTERLIGARE REGISTRERING ELLER ANDRA ÅTGÄRDER ÄN VAD SOM FÖLJER AV SVENSK RÄTT. Styrelsen i Oasmia Pharmaceutical AB (“Oasmia” eller ”Bolaget”) meddelande den 11 november 2019 om genomförandet av en nyemission av aktier med företrädesrätt för Oasmias befintliga aktieägare om cirka 399 MSEK ("Företrädesemissionen"). Bolaget har med anledning av Företrädesemissionen upprättat ett prospekt som idag godkänts och registrerats av Finansinspektionen. Offentliggörande av prospekt För fullständig information om Företrädesemissionen hänvisas till det prospekt som upprättats av Bolaget samt idag godkänts och registrerats av Finansinspektionen per dagens datum.

Oasmia publishes prospectus in connection with the rights issue of approximately SEK 399 million and updated information included in the prospectus19.11.2019 13:00:00 CETPress release

Not for release, publication or distribution, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, Switzerland, Singapore, the United States or any other jurisdiction where such distribution of this press release would be subject to legal restrictions. This press release does not constitute an offer of any securities of Oasmia Pharmaceuticals AB (publ). See the section “IMPORTANT INFORMATION” below. The board of Oasmia Pharmaceutical AB (“Oasmia” or the “Company”) announced on 11 November 2019 to carry out a new issue of shares with preferential rights for Oasmia’s shareholders of approximately SEK 399 million (the “Rights Issue”). As a result of the Rights Issue, the Company has prepared a prospectus, which has been approved and registered by the Swedish Financial Supervisory Authority today. Publication of the prospectus For complete information on the Rights Issue, refer to the prospectus that has been prepared by Oasmia as well as appro

Medtronic Reports Second Quarter Financial Results19.11.2019 12:45:00 CETPress release

Revenue of $7.7 Billion Increased 3.0% Reported and 4.1% Organic GAAP Diluted EPS of $1.01; Non-GAAP Diluted EPS of $1.31 Cash Flow from Operations of $1.9 Billion Grew 61%; Free Cash Flow of $1.6 Billion Grew 66% Company Raises FY20 EPS Guidance DUBLIN, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Medtronic plc (NYSE:MDT) today announced financial results for its second quarter of fiscal year 2020, which ended October 25, 2019. The company reported second quarter worldwide revenue of $7.706 billion, an increase of 3.0 percent as reported or 4.1 percent on an organic basis, which adjusts for a $97 million negative impact from foreign currency and a $16 million contribution from the company’s acquisition of Titan Spine, which is reported in the Spine division in the Restorative Therapies Group. As reported, second quarter GAAP net income and diluted earnings per share (EPS) were $1.364 billion and $1.01, respectively. As detailed in the financial schedules included through the link at the end of t

Avenir LNG collaborates with Golar Power on developing small-scale LNG distribution in Brazil19.11.2019 12:00:00 CETPress release

London, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Avenir LNG Limited (“Avenir”) wishes to announce that it will collaborate with Golar Power Limited (“Golar Power”) in developing the small-scale LNG market in Brazil. Avenir’s second 7,500 cbm LNG Carrier will be used to deliver LNG to various ports across Brazil upon delivery. The vessel will also offer ship-to-ship bunkering capability as part of Avenir’s global multi-nodal bunkering solution; adding to the Colombian, Mediterranean and Malaysian nodes which the company currently offers. Commenting on the collaboration with Golar Power, Andrew Pickering, Chief Executive Officer of Avenir LNG Limited, said, “This is another step in our strategy where we are working closely with a shareholder in leveraging its FSRU platform to develop small-scale LNG distribution and bunkering in key developing markets.” Commenting on the collaboration with Avenir LNG, Eduardo Antonello, Chief Executive Officer of Golar Power Limited, said, “Accessing small-scal