A factory location was acquired in Boston, Massachusetts in 1899 and Liquid Air claimed they would construct a car that would run a hundred miles on liquid air. In 1901 an automobile was demonstrated by its designer, Hans Knudsen, at a show in London. This automobile was a modified Locomobile steamer. The Liquid Air was claimed to run 40 miles (64 km) at 12 mph (19 km/h) on 18 US gal (68 L; 15 imp gal) of liquid air, sold at a shilling a gallon. In 1901 the company had gone into receivership with declared capital stock of $1,500,000 but assets of only $7,500.