Is SkyWay the promised technological utopia that it promises to be
DUBAI, UAE, May 28, 2021 /EINPresswire.com/ – Dubai, United Arab Emirates – Air route, a second-tier transport technology company called String Transport consists of the movement of driverless vehicles on lanes without berths high above the ground on concrete supports. Skyway technology was developed by Belarusian engineer Anatoly Eduardovich Unitsky in 1980. The company has been in development for 38 years but has yet to see a commercial project come to fruition. However, the technology has been written and talked about in many countries. In 2001, a SkyWay track prototype was built in the Russian village Ozyory in Moscow oblast. The permissible load on this track was tested there using an iron wheeled truck. A prototype was evaluated in Russia in 2008 by the Moscow State University of Railway Engineering, concluding that it was “unsustainable and dangerous”.
In October 2015, the SkyWay group started to build a test site to demonstrate the “SkyWay” technology. It is located in Marjina Horka (about 70 km from Minsk) and is called EcoTechnoPark. In 2016, a Russian government panel that assessed the technology called it innovative, but only in theory. A prototype of the technology reached speeds of 102 kilometers per hour in 2017 against the promised 500 kilometers per hour.
SkyWay Group consists of many subsidiaries. The SkyWay group deals with the construction of the technology through numerous subsidiaries. SkyWay Group of Companies controls SkyWay Capital which was launched in 2014 to self-finance projects. They also own and control other companies like “SWIG International Ltd.” registered in London and “SkyWay Capital Inc.” which is registered in Saint Lucia. These companies have the function of raising funds for SkyWay projects.
Established in Belarus, operated from an office complex in Minsk and registered under trade names such as “Euroasian Rail Skyway Systems Holding Ltd.”, “First SkyWay Invest Group Limited” and “Global Transport Investment Inc.” in places like the British Virgin Islands, London and Saint Lucia. It has been documented that the SkyWay group companies are looking for potential investors all over the world for the development of an elevated rail transport technology which they call SkyWay.
The SkyWay group consists of many subsidiaries to advance the construction of technology. SkyWay Capital was started in 2014 along with a few other companies to raise money for SkyWay projects. They are looking for potential investors from all over the world for the development of the rail transport technology called SkyWay. To raise funds, the company has launched MLM affiliate programs.
The SkyWay group markets itself primarily by promoting investments in its technology to small investors. SkyWay Group is looking for investors through its website and social media. The SkyWay Group has researched potential investors around the world using various forms of marketing such as crowdfunding, telemarketing, and multi-level marketing. The company “Sky Way Invest Group Limited” also launched financial training courses for a fee which it marketed under the name “Educational Investment Packages” (EIP). CONSOB, the Italian financial regulatory agency, banned the sale and advertising of these investment products in February 2018, as it turned out that instead of receiving the advertised “investment training courses”, customers unwittingly ended up with “gift certificates” that could later be converted into company stock when it went public. However, financial regulators in Germany, Lithuania and 13 other countries have banned the sale of SkyWay financial products or warned the public of a potential scam.
Although countries like Australia, India, Indonesia, Italy and Lithuania started negotiating with the SkyWay Group, they were later canceled or postponed due to concerns about security and irregularity. financial. Projects are being carried out in Belarus and the United Arab Emirates. The most recent negotiations took place in the United Arab Emirates.
Regulators in Lithuania and Latvia have warned investors that SkyWay is not authorized to issue shares in the respective countries. In February 2018, the Italian regulatory agency CONSOB banned the advertising and sale of certain SkyWay investment products to Italian citizens. In May 2019, the German regulatory agency BaFin banned the public offering of SkyWay investment products to the general public. In August 2019, the New Zealand Financial Markets Authority (FMA) reiterated its warning about a potential Skyway Capital / SWIG scam.
Concerns have been raised in published articles about information the company has published about itself to promote investment. These concerns include unrealistic returns promised to investors, the value of its intellectual property, the awards it has won, excessive pre-order contracts and the people / organizations that have invested in the company.
Finally, the public should be careful before investing in SkyWay and the documents should be checked well before investing.
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This press release was published by Arab Newswire ™ http://www.arabnewswire.com, a press service with distribution of press releases to media in the Arab world, the Middle East and North Africa (MENA).
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