MERSEN PRESS RELEASE
MERSEN TEAMS UP WITH TRANSPOD ON THE "FIFTH MODE OF TRANSPORTATION" HYPERLOOP PROJECT PARIS, MAY 19, 2016 - Mersen (Euronext FR0000039620 - MRN), a global expert in electrical power and advanced materials, is today announcing that it has signed a partnership agreement with TransPod, the Canadian startup that is building the world's leading hyperloop system to disrupt and redefine commercial transportation.The partnership covers the design by Mersen of innovative cooling solutions to protect the power conversion equipment enabling the capsule to travel at speeds of over 1,000 km/h in a vacuum tube.
TransPod has already designed a first half-scale prototype and will present a full-scale concept at the InnoTrans Rail show in September 2016 in Berlin.
"Mersen is proud to be joining forces with TransPod on this revolutionary project launched by visionary entrepreneur Elon Musk in 2013. The partnership is testimony to our expertise in power electronics cooling systems and our experience in rail transportation projects. It also illustrates our ability to innovate and the valuable contribution our teams can make to cutting-edge projects", stated Luc Themelin, Mersen's Chief Executive Officer.
"Hyperloop will be more affordable and environmentally sustainable than other forms of transportation, and will dramatically change the way people and companies travel and conduct business. TransPod's partnership with Mersen provides us with an incredible advantage as we plan to produce a commercially viable hyperloop system by 2020," commented Sébastien Gendron, founder and Chief Executive Officer of TransPod.
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PRESS RELEASE
ABOUT TRANSPODTransPod'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.TransPod.ca.
ABOUT MERSENGlobal expert in electrical power and advanced materials, Mersen designs innovative solutions to address its clients' specific needs to enable them to optimize their manufacturing performance in sectors such as energy, electronics, transportation, chemicals & pharmaceuticals and process industries.
Mersen, with its 6,400 employees working across 35 countries, recorded sales of 772 million euros in 2015.
THE GROUP IS LISTED ON EURONEXT PARIS - COMPARTMENT BCONTACT | PRESS CONTACT |
Véronique Boca VP, Communication | Stanislas Mulliez / Guillaume Granier |
Mersen | FTI Consulting Strategic Communications |
Tel: + 33 (0)1 46 91 54 40 | Tel: +33 (0)1 47 03 68 10 |
Email: dri@mersen.com | Email: stanislas.mulliez@fticonsulting.com/ guillaume.granier@fticonsulting.com |
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Mersen SA published this content on 19 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 May 2016 16:42:02 UTC.
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