Fresh Pick of the Day, November 5, 2015: “The Sideways Elevators of the Future Will be Shown Off for the First Time”

From Bloomberg Business – “For more than 150 years, elevators have gone in two directions: up and down. In the future, you might ride them sideways. 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.”

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