Matthew Larson

- Future FinTech Group Inc. (FTFT) announced on **September 2, 2025**, that its wholly-owned subsidiary, Future Commercial Group Co. Ltd., has signed a Project Cooperation Agreement with Innovatelab LLC to secure the **global exclusive license** for the 'Vacuum Parcel' technology for ultra-high-speed rail transportation.  **[1066923_20250902CN62922:0]** 
- A new joint venture has been formed, with FTFT holding a **55% equity position** and Innovatelab LLC holding **45%**.  **[1066923_20250902CN62922:0]**  FTFT will be responsible for investment capital and external financing, while Innovatelab LLC will focus on technology and R&D.  **[1066923_20250902CN62922:0]** 
- The 'Vacuum Parcel' technology is an ultra-high-speed ground transportation network designed to use pipelines as operational tracks, with the potential to achieve operational speeds comparable to aircraft and be **significantly more cost-effective** than existing high-speed rail systems.  **[1066923_20250902CN62922:0]** 
- This technology differs from Elon Musk's Hyperloop system by using an **open pipeline** to establish a vacuum wrapped state, addressing key technical bottlenecks of Hyperloop such as safety risks and construction challenges.  **[1066923_20250902CN62922:0]** 
- Critical model tests, including static vacuum wrap and 200-meter motion vacuum wrap experiments, have been completed, achieving expected results, and FTFT aims to achieve the first commercialization step within the **next two years**.  **[1066923_20250902CN62922:1]**

Future FinTech Group (FTFT)