Raytheon Agrees to Release Taxi 2000

19 January 2000

Quoting from a news release of the Taxi 2000 Corporation:
(Ref: http://www.taxi2000.com/news/2000-01-18-raytheon.htm)

"After extensive negotiations, Raytheon Company has agreed to grant Taxi 2000 Corporation, a Minnesota Corporation, full freedom to pursue, in any and all ways, the promotion, development and marketing of its Personal Rapid Transit (PRT) system, Taxi 2000 (www.taxi2000.com), independent of Raytheon.  Taxi 2000 Corporation was founded at the University of Minnesota and the University owns its technology.

"It is expected that this new agreement will greatly enhance the efforts of the Taxi 2000 Corporation to fund the establishment of a team to design and plan for a demonstration system. The assembled multi-disciplinary team will provide the combined capability to design, develop, manufacture, construct, and test system components and a prototype demonstrator based on the Taxi 2000 personal rapid transit (PRT) system design."

The Taxi 2000 PRT system is the Sky Loop Committee's primary selected technology for our project. The successful completion of a Taxi 2000 PRT system prototype development program is a necessary step in order for the Sky Loop project to proceed. The Sky Loop Committee will continue discussions with the Taxi 2000 Corporation and monitoring its efforts to fund and develop a full-scale prototype and demonstrator as well as the expanded organization to carry this out. (See Sky Loop Project Plans.)

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