EDR Offers To Contribute To Hyperloop

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Aug 23, 2013, 02:47 ET

MILFORD, Conn., Aug. 23, 2013 /PRNewswire/ -- EDR, the nation's leading provider of data and workflow applications to the real estate due diligence industry, today announced an offer to contribute any environmental information needed to complete the necessary environmental impact study for Hyperloop at no cost.

(Photo: http://photos.prnewswire.com/prnh/20130823/NY68788 )

The concept of Hyperloop was recently unveiled by Elon Musk, the inventor and investor behind PayPal, Telsa Motors, SpaceX, and SolarCity. What Musk calls the "fifth form" of transportation, Hyperloop is described as a subsonic air travel machine that would be able to transport people from Los Angeles to San Francisco in thirty-five minutes.

Musk's Hyperloop idea resulted from the lack of progress on the California High-Speed Rail (CHSR). Headed by the California High Speed Rail Authority, that project is already estimated to be over budget by sixty to eighty million dollars. The original plan was to provide high speed transportation from Los Angeles to San Francisco, making a one way trip in two and a half hours. In addition to Hyperloop being faster, it is estimated to cost between six and ten billion dollars - significantly less than the CHSR.

Rob Barber, EDR's CEO says "I believe that Hyperloop is an exciting innovation, one which EDR would like to support. It would certainly ease the financial burden on California taxpayers." In addition to being solar powered, it is reported that the "California Hyperloop could be built on top of pylons and run parallel to an existing interstate linking LA and SF to minimize environmental impact and the need to acquire land for the project." [source]

Barber explains "This would be a positive for the California economy and California residents, including EDR employees and customers that live, work and travel in the State. This is why EDR is willing to let a Hyperloop team tap into the National Environmental Data Information System (NEDIS), our proprietary database of environmental records and land use information including access to the Sanborn Library's collection of historical land use maps." He adds "The EDR Team is excited about the Hyperloop concept and would love to contribute what we can to it."

Learn more information about NEDIS here.

About EDR
EDR provides data, technology, and insight enabling consultants/engineers and institutions to conduct property due diligence. For more than 20 years, EDR has been building and updating the world's most comprehensive database of environmental records and land use information from thousands of federal, state, tribal, local and private sources. Called NEDIS™ (the National Environmental Data Information System), this database has more than 3.1 billion records and proprietary data sets—including the treasured historic Sanborn Maps—that are blended into one comprehensive interface. EDR sets the standard for providing the tools, technology, information and professional staff to serve environmental consultants, lenders, corporations, insurers, real estate investors and consumers across the country. Founded in 1990 and based in Milford, Conn., EDR has regional offices located throughout the U.S. The company is wholly owned by DMG Information Inc., the business information division of Daily Mail and General Trust, plc (DMGT). For more information about EDR, please visit www.edrnet.com.

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Contact: Brett Dehler (800) 532-0050

Brett Dehler: [email protected]
Lauren Rosencranz: [email protected]
Jon Walker: [email protected]

SOURCE EDR