SEOUL, Jan. 22 (Korea Bizwire) — South Korean researchers embarking on a joint project to develop a flying taxi.
The state-run Korea Institute of Ceramic Engineering and Technology signed an agreement with local recreational boats manufacturer Angelux on Thursday to develop and commercialize urban air mobility (UAM) air taxis.
The institute plans to transfer five different kinds of technologies to commercialize UAM solutions and carry out joint development and commercialization of amphibious air taxis.
The institute also plans to offer expertise on the design and manufacturing process of air taxis as well as post-production services.
Angelux vowed to contribute to the aviation and space industry by making full use of the transferred technologies for commercialization.
The transferred technologies are the fruit of the institute’s five-year effort to studying fiber-reinforced composite materials.
The institute explained that the new materials are lighter, stronger, and fire resistant, which will boost productivity and allow air taxis to cover longer distances.
The air taxi currently being developed by Angelux is an amphibious vehicle capable of landing and taking off from both water and land.
Kevin Lee (email@example.com)