News from ULTra PRT

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News from ULTra PRT

Oct 14, 2005

BAA Chooses ULTra

Advanced Transport Systems Ltd (ATS) announced today that BAA had chosen their innovative ULTra Personal Rapid Transit (PRT) system, to provide better access to its terminals at Heathrow. The agreement between BAA and ATS also includes an investment of £7.5million in the company in return for 25% of the equity. See the full statement by ATS.

Mike Clasper, CEO of BAA, said "Two key goals for BAA are the improvement of the local environment and better service quality for our passengers. BAA believe that PRT offers an opportunity to meet both of these goals. BAA are delighted to take the opportunity to invest in the ULTra PRT system which is clearly leading the world in this exciting and innovative technology"