Journalists from the Associated Press news agency have published an article describing how the recent press conference at the UST, Inc. Centre in Sharjah was held. We are sharing the main points of this material.
The main presentation for the press was held at the EcoHouse. The participants were presented the high-speed string track projects, requiring between $230 million and $580 million to build. We have already detailed about that in one of the past news.
The journalists were also able to ride in the tropical Unicar on the 400-metre test line. During the run, the speed of this model was around 50 km/h. The Unicar will be able to accelerate faster on the longer tracks currently under construction at the Centre.
An Associated Press also focuses in its article on UST, Inc.'s association with the SkyWay brand. According to the journalists, warnings have been issued in several countries that funding the technology under this brand could carry serious risks for investors.
In response to questions from reporters, the founder of UST, Inc. Anatoli Unitsky noted that the project is financed by independent funds, not SkyWay-branded companies. PR officials of UST, Inc. later added that the company had the SkyWay name before the brand was compromised by unscrupulous people and organisations.
CEO of Sharjah Technology Research Park Hussain Al Mahmoudi, also spoke in support of UST, Inc. In his comment, he reminded that the string transport is a start-up, so it is normal for such projects to face challenges as the technology is in its initial launch phase.
The Associated Press article illustrates why one should take great care when posting information about the string transport technology on the internet. The publication of untrue facts could lead to negative consequences for UST, Inc. as well as for each investor and partner individually. That is why we urge you to use only official sources of information about the project and abide by the rules of the SWC Image Regulations.