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Thomas Pumpelly (Email) Tim Maier, Esquire (Email)Success in obtaining air rights over existing highways and roadways will essentially eliminate the need to acquire expensive land for the Hybrid PT System. For the most part vehicles will be purchased by Hybrid PT users eliminating most costs typically associated with PRT system equipment acquisition.
With the development of new Maglev technologies, a Hybrid PT vehicle operating costs would be further reduced. The Company estimates that savings of 20% from typical highway operating costs could be realized by Maglev propelled Hybrid PT.
The effects of Maglev on Hybrid PT would include greater speed, zero moving parts during normal operation, and improved ride comfort. A typical 3 hour routing would cover as many as 600 miles, providing an alternative for costly short-haul airline flights and substantially freeing up Air Traffic Control assets used for short flights.
If, for any reason, the Maglev system failed to operate properly, each Grid vehicle would revert to Phase II control and run on a vehicles Thrust Plate. A failure of the Phase II control components would result in Phase I operation. Maglev Hybrid PT vehicles would be capable of operating on standard highways in the same manner as Phase I or II Hybrid PT vehicles.
The Company has considered moving to a Phase III System and vehicles at the outset, however, believes that migrating through the early Phases is important for development continuity and to prove that the Phase II System is viable as a back-up to Maglev propulsion.