Development of Magplane Core Company

In organizing the company, Magplane has adopted the philosophy of maximizing the use of outside contractor expertise under the guidance of Magplane's core senior staff who plan and oversee the sub-contract work and protect the intellectual property developed. By taking advantage of prior experience and specific hardware developments by these subcontractors, Magplane will be able to move rapidly to bring the Magplane passenger system to commercial readiness within a two-year period. Magplane intends to manufacture Magplane systems in China for both the China and international market. It is noteworthy that several of the sub-contractors have direct experience with Joint Ventures in China and the technology transfer to those Joint Ventures.