Future FinTech Announces Agreement to Develop Advanced Rail Transport System

Core Viewpoint - Future FinTech Group Inc. has entered a joint venture with Innovatelab LLC to commercialize the 'Vacuum Parcel' technology for ultra-high-speed rail transportation, which is expected to revolutionize the industry [1][2]. Company Summary - Future FinTech Group Inc. holds a 55% equity position in the joint venture, while Innovatelab LLC holds 45% [1]. - The company will be responsible for investment capital and external financing, while Innovatelab LLC will focus on technology and R&D [1]. - The CEO of Future FinTech, Mr. Li Hu, emphasized the growing global demand for high-speed rail and the potential of Dr. Liu's invention to meet these needs [6]. Industry Summary - The new rail system aims to achieve operational speeds comparable to aircraft by utilizing pipelines as operational tracks, addressing the technical challenge of reducing drag in low-vacuum pipelines [2]. - The technology is expected to be significantly more cost-effective than existing high-speed rail systems and will enhance safety and effectiveness in rail transit [2]. - The joint venture's technology differs from Elon Musk's Hyperloop system by using an open pipeline to create a vacuum-wrapped state, allowing for low air resistance and high speeds [4]. - Dr. Marvin Liu, the inventor of the technology, has over 20 years of research experience and holds a patent for the invention [5]. - The project will be implemented step-by-step, including model testing and system integration, to ensure commercial feasibility [6].