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The Sideways Elevators of the Future Will be Shown Off for the First Time

Read More: http://www.bloomberg.com/news/articl...-of-the-future

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ThyssenKrupp AG this week will show the public for the first time a 10 meter (32 feet) functioning model that uses giant magnets to move cars in multiple directions. The technology, called magnetic levitation, is borrowed from high-speed trains and doesn’t rely on cables. The German industrial company says the system allows for multiple cars in one shaft and can increase transport capacity as much as 50 percent.

- The company’s miniature model will be unveiled in Gijon, Spain on Thursday. A bigger example of ThyssenKrupp’s technology is being built at a research center in Rottweil, Germany, known as the Test Tower. The site will be 246 meters tall, only slightly shorter than the Eiffel Tower in Paris, and eventually be open to the public. --- “This technology could be a significant revenue and income generator for ThyssenKrupp, particularly in the long run,’’ according to Johnson Imode and Mustafa Okur, analysts at Bloomberg Intelligence. They described the market as “massive.” --- ThyssenKrupp says the magnetic-levitation elevators are best for buildings higher than 300 meters.

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