Core Viewpoint - FTFT has signed a cooperation agreement with Innovatelab LLC to develop a groundbreaking vacuum tube transportation technology, securing global exclusive rights for the project, which aims to redefine high-speed rail and transportation systems [1][3]. Company Summary - FTFT will hold a 55% stake in the new joint venture, while Innovatelab LLC will hold 45%, combining their strengths in intellectual property, research, development, finance, and industrial project development [1]. - The CEO of FTFT, Li Hu, emphasized the potential of this technology to revolutionize high-speed transportation, likening it to a "ground flight" era, and expressed openness to collaboration with global stakeholders, including Elon Musk [4]. Industry Summary - The new technology simplifies the Hyperloop concept by using a moving vacuum to reduce air resistance, allowing trains to operate at speeds close to that of aircraft in an open system, thus addressing significant technical challenges faced by Hyperloop projects [3]. - The technology is expected to create a trillion-dollar market demand and drive rapid development in related industries, establishing a strong competitive edge in the rail transportation sector [1]. - The inventor, Dr. Liu Ma-wen, noted that the technology has already completed several critical model tests, achieving expected results, and is seen as a breakthrough in high-speed transportation science [4].