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MagPlane Technology Corp (MAGP)

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Last Post: 5/21/2019 10:26:08 AM - Followers: 22 - Board type: Free - Posts Today: 1



Magplane Technology, Inc. ("MTI"), is the developer of the Magplane system. Based in Hampton, New Hampshire, USA,
the company was founded in the mid-1990s by a group of MIT engineers who developed the basic Magplane concept.
MTI organized and led the efforts of over 30 engineers and scientists from the United States Army Corps of Engineers
and 10 leading engineering firms, including Raytheon and MIT Lincoln Laboratory, to further develop the technology
under the National Maglev Initiative of the United States Department of Transportation.
 The company adapted several essential features of the Magplane technology to electromagnetic pipeline transport,
and completed a US$2 million demonstration project for the IMC Global Corporation in November 2000. The Company
has focused in the last several years on developing projects for several cities in China. The Company will lead the engineering
support team in the United States for Magplane China Company supported by a number of major subcontractors described below.
Magplane was initially developed at the Massachusetts Institute of Technology (MIT) together with industrial partners.
Magplane Technology, Inc. spun off in the 1990s to develop commercial systems.
 Prior to spin off from MIT, 60,000 hours of Faculty, staff and graduate student research and development work was
done on the basic Magplane concept. During this period a 1/25 scale working model was tested on a 100 meter long
guideway to demonstrate the levitation and propulsion properties of the guideway and on-board magnets.
 After spin-off in 1992, a 5.6 M$ design concept development was sponsored by the Federal Railway Administration and
a 1/5 scale 2 M$ linear motor propulsion system was built as part of a 300 meter-long ore-transport system for one
of the major phosphate mining companies.


















The company had been silent from 2009 until September, 2013.  And now they just released a PR in April 2014.  S/S is great too. 

MAGP Security Details
Share Structure
Market Value1 $1,215,500 a/o May 05, 2014
Shares Outstanding 187,000,000 a/o Jun 07, 2007
Float Not Available
Authorized Shares 200,000,000 a/o Jun 07, 2007
Par Value 0.001
Shareholders of Record Not Available
Short Selling Data
Short Interest 0 (-100%)
Mar 31, 2010
Significant Failures to Deliver No
Transfer Agent(s)
Capital Transfer Agency, Inc.
Contact Info
  • 6 Merrill Industrial Dr.
    Unit 10
    Hampton, NH 03842
Business Description

Developer of magnetically levitated passenger transportation systems and "dry pipelines" for the mining industry with initial deployment in China.

Update Company Profile
Financial Reporting/Disclosure
Reporting Status Dark: Alternative Reporting Standard
Audited Financials Not Available
Latest Report Sep 30, 2005 Interim Financial Report
Fiscal Year End 12/31
OTC Marketplace OTC Pink No Information
Profile Data
SIC - Industry Classification 3743 - Railroad equipment
Incorporated In: DE, USA
Year of Inc. 1995
Employees 6 a/o Sep 15, 2005
Company Officers/Contacts
D. Bruce Montgomery CTO
G. Larry Roderick CEO
Binson Du Vice President
Jason Mill CFO, Secretary, Treasurer
Shelley Wieler Office Manager
Company Directors
D. Bruce Montgomery Chairman
Binson Du  
Henry H. Kolm  
Company Notes
  • Note=9-15-05 company is in the development stage
Service Providers
Accounting/Auditing Firm
Abrams Little-Gill Loberfeld PC
1330 Boylston Street
Chestnut Hill, MA, 02167
United States
Legal Counsel
Not Available
Investor Relations Firm
Not Available

April 10, 2014 news:  http://www.magplane.com/inves_news.asp
          A       G      P       L       A       N       E                                    TE    C       H      N       O          L       O      G      Y
News & Press Release, April 10, 2014
Hampton, NH: April 10, 2014 – Magtrans (MagPipe) Systems Demo Project Continues in Zhangjiakou, China With Magplane Technology, Inc. Participation
This News Update provides information about Magplane Technologies, Inc. as of the end of Q1, 2014. 
Magtrans System Demo Projects in China.  Since the September 15, 2013 News Release, the Company has continued to provide certain design, engineering, and project management services toward completion of indoor 120-meter and outdoor 1.2-km MagPipe system demonstration projects at the ZMM campus in Zhangjiakou, China, under the subcontract with the Hong Kong entity referenced in that News Release, in which the Company holds a minority equity interest.  The indoor short-track system is operational, with continued trouble-shooting and design adjustment activities.  The outdoor track is scheduled to complete construction and begin test operations by June 30, 2014.  See photos below.
Challenges encountered in the demonstration projects have resulted in significant MagPipe system design changes to address system cost and performance factors, with resulting adverse effects on schedule, budget, revenues, manpower, marketing, potential third-party investment, and Company finances.  In addition to system design changes, the product has been re-branded to "Magtrans" to remove the implied association with conventional pipelines.  Despite the challenges, difficulties, and delays, continuing expressions of interest in the technology from potential mining sector customers, primarily in Asia, have provided the HK entity, ZMM, and the Company incentive to persist in the Magtrans development and marketing effort.   
Magplane Maglev Systems.  Since September 15, 2013 the Company has continued to pursue conversations in Asia with potential customers, strategic allies, and potential investors regarding possible initiatives for advancing commercial development of Magplane Maglev Systems technologies and services.  To date these efforts have not resulted in revenues or third-party investment, and they continue to face costly and lengthy technology and infrastructure development horizons.  Company management believes its maglev solutions and China’s continuing interest in maglev technologies as a 21st Century transit alternative for China justify the Company’s continued commitment to the Maglev initiative.
Company Financing.  Since September 15, 2013, the Company has continued to seek new direct equity investment or alternative financing for MTI to support its Magtrans and Maglev development projects.  Its efforts have been unsuccessful to date, due in part to the Company’s equity structure, debt circumstances, and limited revenues, and in part to the complexity and scale of technology and market development challenges for Magtrans and Maglev.  The Company has sought, as well, during this time to assist third parties in Asia in bringing further financing into the HK entity to support accelerated development and marketing of Magtrans
Magplane Technology, Inc.
News Release, April 10, 2014
technology, including further support of the Company’s design, engineering, and project management subcontract services.  These joint efforts have succeeded thus far only to a degree sufficient to allow the Company to maintain core engineering staff and to acquire products, IP licenses, and third-party services needed to service the HK subcontract and ZMM projects.
Magplane Technology, Inc.
Founded by a group of MIT engineers, Magplane Technology, Inc. (MTI) is the developer of a unique magnetic dry bulk materials transport application (“Magtrans System”) that can reduce the cost, environmental impacts, and pollution from haul roads, diesel trucks, and conventional rail spur operations typically used in transporting material from mining operations to trunk rail heads and port terminals.  Magplane Technology is also the developer of the Magplane Maglev system, an innovative magnetic levitation (maglev) transportation system that offers significant advancements over other high-speed trains, light-rail transit systems, and existing maglev systems.  MTI headquarters are now located in Hampton, New Hampshire.  For more information on the Company, visit http://www.magplane.com or contact: Dr. D. Bruce Montgomery, Chair, Magplane Technology, Inc., dbmontgomery@magplane.com
Notice Regarding Forward-Looking Statements in this News Update 
This news update may contain "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this update that are not purely historical may be forward-looking statements and include any statements, direct or implied, regarding beliefs, plans, aspirations, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, suggestions or projections of potential benefits to MTI that may result from the ZMM Demo Projects, from alliances among ZMM, third parties, MTI affiliates, and MTI, or from ZMM or third party investment in, or licensing, marketing, fabrication, construction, installation, and operation of Magtrans Systems. Actual results could differ from any projected, suggested, or implied in any such forward-looking statements, due to numerous risk factors, including, among others, the inherent uncertainties associated with new technology development companies such as MTI. Such uncertainties include, without limitation, uncertainties related to technology performance, scalability, and cost-effectiveness, and multiple uncertainties that may challenge transnational strategic alliances, including, without limitation, economic, monetary, political, and regulatory uncertainties. Any such forward-looking statements in this news update are made as of the date of this news update to MTI shareholders and others, and we assume no obligation subsequently to update the forward-looking statements, or to update the reasons as to why actual results could differ from those projected in the forward-looking statements. 


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#598  Sticky Note https://www.wtip.org/hyperloop-transportation-may-be-coming-soon-what-it-and-how WHITTENHALLJR 05/13/19 04:31:35 PM
#606   MM tapping 7 to trying to bait 7 WHITTENHALLJR 05/21/19 10:26:08 AM
#605   I'm in with the starter looking to add WHITTENHALLJR 05/16/19 08:33:57 AM
#604   I have a nice pile here. maddog 20/20 05/15/19 11:11:47 PM
#603   Cheapie accumulation... WHITTENHALLJR 05/15/19 10:00:34 AM
#602   Shares seems scarce here... I'm glad it's quiet WHITTENHALLJR 05/14/19 08:10:26 PM
#601   Grab those scraps peeps WHITTENHALLJR 05/14/19 01:30:55 PM
#600   1.3k haha... lol WHITTENHALLJR 05/14/19 12:59:55 PM
#599   for those looking for clear explanation of technology WHITTENHALLJR 05/13/19 04:33:20 PM
#598   https://www.wtip.org/hyperloop-transportation-may-be-coming-soon-what-it-and-how WHITTENHALLJR 05/13/19 04:31:35 PM
#597   https://twitter.com/CNET/status/1029699225083420672?s=20 WHITTENHALLJR 05/13/19 04:25:24 PM
#596   The web site for this turd is a roger wilco 05/13/19 11:57:26 AM
#595   Grabbed some starter shares WHITTENHALLJR 05/13/19 10:15:03 AM
#594   Pretty cool technology though... WHITTENHALLJR 05/10/19 04:19:42 PM
#593   Skull& crossbones >>> yikes how will they ever WHITTENHALLJR 05/10/19 12:44:44 PM
#592   crazy thin that it moved to .03 on rstar 05/10/19 11:21:26 AM
#591   $MAGP: Grabbed another 100k here makinezmoney 05/10/19 11:13:14 AM
#590   No idea Wintergreen 05/10/19 11:12:48 AM
#589   .03 is something happening? don't see any updates rstar 05/10/19 10:45:47 AM
#588   Looks like they are working on getting current maddog 20/20 03/08/19 09:25:32 AM
#587   Yes it has. I wonder if there have Wintergreen 03/08/19 09:24:39 AM
#586   Been a while maddog 20/20 03/06/19 07:49:46 AM
#585   Hopefully we will be updated soon! Wintergreen 11/15/18 01:36:24 PM
#584   nice catch- yeah amazing this is so completely rstar 11/15/18 09:10:43 AM
#583   $MAGP: Huge Developments happening with JD.com still makinezmoney 11/13/18 11:20:12 AM
#582   $MAGP: Virgin-Hyperloop-One could buyout Magplane makinezmoney 11/09/18 11:51:14 AM
#581   $MAGP: Feels like there will be JD-Magplane Update makinezmoney 10/19/18 04:06:36 PM
#580   $MAGP: JD.com in process of spinning off JD-Logistics makinezmoney 10/19/18 08:57:51 AM
#579   nice! one mention of magplane and/or pr and rstar 10/19/18 08:55:03 AM
#578   $MAGP: Headsup Everyone.... JD.com launches Urban-Smart-Logistics-Institut makinezmoney 10/18/18 02:14:22 PM
#577   I would think they would put out some Potomac 10/04/18 04:55:04 PM
#576   $MAGP: Hyperloop is now Ready to GO.... MAGPLANE ready makinezmoney 10/03/18 11:11:12 AM
#575   A few taps.Nice! Potomac 08/20/18 12:25:42 PM
#574   Before long the airlines will have some serious competition. Potomac 08/15/18 04:40:06 PM
#573   $MAGP: Magplane Still actively involved with MIT-Teams Hyperloop makinezmoney 08/15/18 08:50:24 AM
#572   The stories I could tell! Unfortunately all would Potomac 08/14/18 08:50:24 AM
#571   $MAGP: Ya... Saudis are shit for brains makinezmoney 08/14/18 08:43:39 AM
#570   $MAGP: This Japanese MagLev Train is incredible makinezmoney 08/14/18 08:38:39 AM
#569   Interesting information. Thanks! The USA should be full Potomac 08/14/18 08:37:38 AM
#568   $MAGP: 2018 MagLev Conference in St.Petersburg,Russia... Sept.5-8, 2018 makinezmoney 08/14/18 08:33:48 AM
#567   $MAGP: I think it has with Rail Lobbyists makinezmoney 08/14/18 07:49:35 AM
#566   Really cool stuff. Why can't CSX do this stateside? Potomac 08/13/18 04:21:21 PM
#565   $MAGP: China increasing usage of MagLev technology makinezmoney 08/13/18 01:51:55 PM
#564   $MAGP: JD.com using High-Speed-RAIL for transporting food makinezmoney 08/07/18 08:56:22 AM
#563   $MAGP: JD.com getting ready to spinoff Logistics unit makinezmoney 08/07/18 08:55:38 AM
#562   i have been accumulating. 7 figures and counting. swinging for the fence 08/03/18 04:41:33 PM
#561   Thanks for the update. Glad to be here too! Potomac 08/03/18 04:19:12 PM
#560   $MAGP: More talk about JD.com beating AMAZON makinezmoney 08/03/18 04:06:57 PM
#559   Looks interesting.Took a starter position yesterday and added today. Potomac 08/03/18 11:42:15 AM
#558   $MAGP : Boeing Chief Engineer heading to JD.com makinezmoney 07/29/18 10:38:43 PM
#557   I'm picking up some cheap shares maddog 20/20 07/28/18 05:50:01 PM