The Quadski Reaches Speeds of 45 MPH on Both Land and Water. Yours for 40k

10/20/12 6:18PM EST

Alan Gibbs has been experimenting with amphibious vehicles for about 20 years. All that development may finally pay off, his company Gibbs Sports Amphibians is going into commercial production in Michigan for its Quadski vehicle.

The Quadski reaches speeds of 45 mph on both land and water and transitions between them in seconds. At the press of a button, the Quadski’s wheels retract after entering the water and deploy when approaching land.

Previously, no commercially available sports amphibian on the USA market has been able to exceed 10 mph on water. The difference is the breakthrough GIBBS patented High Speed Amphibian (HSA) Technology provides unique on-water performance. Unmatched freedom on land AND water, and rapid in transition – Quadski sets a new standard in flexibility, freedom and fun. Gibbs Sports Amphibians spent about $200 million to develop the product.

The plan is to produce 1,000 vehicles to start.