Land Deal Paves Way for High-Speed Tube Transport Test Project

NORTH LAS VEGAS, NV—Hyperloop Technologies Inc. says it has entered into agreements to locate a 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. 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.”