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Image Sensing Systems, Inc. Expands Agreement with Econolite Control Products, Inc, Strengthens Partnership
Globenewswire· 2026-03-30 20:10
Core Insights - Image Sensing Systems, Inc. (ISNS) has executed an Eighth Modification to its Manufacturing, Distribution, and Technology License Agreement with Econolite Control Products, Inc., adding the Autoscope® OptiVu product to the licensed portfolio under the existing revenue-sharing structure [1] - Both companies reaffirmed their commitment to explore new technical initiatives, focusing on advancing innovation in traffic management solutions [2] - The partnership aims to enhance technology solutions that benefit transportation agencies and the communities they serve [2] Company Overview - Autoscope Technologies Corporation is dedicated to improving safety and efficiency for cities and highways through above-ground detection technology and solutions [3] - The company provides Intelligent Transportation Systems (ITS) professionals with precise information, real-time reaction capabilities, and in-depth analytics for better decision-making [3]
Rekor Systems Appoints Marc Segal as Director of Rekor Command® to Drive Expansion in Key Growth Markets
Globenewswire· 2026-03-25 11:30
Core Insights - Rekor Systems, Inc. has appointed Marc Segal as the Technical Account Management Director for Rekor Command®, enhancing its leadership team in real-time traffic operations and incident management [1][3]. Company Developments - Marc Segal's appointment is strategic, as he is based in Austin, Texas, a key market for transportation innovation, aligning with Rekor's expansion in the state [2]. - Rekor Command® has a statewide blanket purchase order with the Texas Department of Transportation (TxDOT), allowing for deployment across TxDOT districts [2]. - The company aims to leverage Segal's extensive experience in transportation systems to enhance the development and expansion of Rekor Command®, focusing on real-time operational intelligence for transportation agencies [2][5]. Product and Technology - Rekor Command® integrates data from various sources, including traffic sensors and video feeds, to improve incident detection and coordination among jurisdictions [4]. - The company has moved its engineering and product operations from Israel to the U.S., resulting in faster product updates, better customer service, and improved compliance with domestic regulations [6]. Market Position - The presence of Rekor in Texas is expected to accelerate the adoption of Rekor Command® and strengthen engagement with state and local agencies [4]. - The company is positioned to provide actionable intelligence that enhances safety and mobility outcomes in transportation [5].
Parsons' iNET® Platform Accelerates Smarter Mobility Around the World
Globenewswire· 2026-03-23 20:05
Core Insights - Parsons Corporation's Intelligent Network (iNET®) Smart Mobility Platform is gaining traction as transportation agencies in North America modernize operations to enhance safety, reliability, and performance [1][2] - The platform facilitates a transition from reactive to proactive traffic management, addressing challenges such as congestion and climate disruptions [1][4] Company Developments - Parsons has been awarded a contract to support the Georgia Department of Transportation (GDOT) in upgrading its Advanced Traffic Management System (ATMS) using the iNET® platform [2][3] - The iNET® system will enhance monitoring and management of transportation systems across Georgia, improving visibility and coordination among state and local agencies [3] Industry Trends - There is a growing demand among transportation agencies for integrated digital platforms that enhance mobility and safety without the need for physical infrastructure expansion [4] - The iNET® platform integrates data, analytics, and decision support into a unified operational environment, leveraging AI and machine learning [4] Project Highlights - In collaboration with the Ohio Department of Transportation, Parsons' iNET® platform analyzed nearly 2,000 roadway miles, identifying asset deficiencies and achieving approximately $4.5 million in annual labor savings [5][6] - The AllRoads project, developed with the Niagara International Transportation Technology Coalition, integrates real-time data for improved regional mobility management and was recognized as the Outstanding Intelligent Transportation System Project of the Year in 2024 [5][6] - The Michigan Department of Transportation's deployment of iNET® resulted in a 34% reduction in overall crashes and over a 50% reduction in rear-end crashes, earning a Best of ITS Award [6] Regional and Global Impact - Parsons is involved in Integrated Corridor Management initiatives in California, enhancing operational coordination and decision support across agencies [9] - The company has also implemented a cloud-based Advanced Traffic Management System in New Jersey, consolidating multiple legacy systems into a unified platform, which received the 2025 Excellence in Engineering Award [9] - Parsons' expertise extends to the Middle East, where it has delivered various smart mobility and traffic management programs across several countries [9]
Iteris Significantly Expands Alabama DOT's Traffic Signal Performance Capabilities with Statewide ClearGuide Signal Trends Expansion
Globenewswire· 2026-03-18 14:00
Core Insights - The Alabama Department of Transportation (ALDOT) has expanded its use of Iteris' ClearGuide® Signal Trends to all five regions, significantly increasing the number of monitored signals from 50 to 1,149 statewide [1][2]. Company Overview - Iteris, Inc. is a leading provider of smart mobility infrastructure management solutions, part of the Almaviva Group, focusing on optimizing transportation infrastructure for safety, efficiency, and sustainability [4]. Project Details - The project utilizes HERE Technologies' traffic data to enhance signal timings, aiming to improve traffic flow across Alabama [2]. - ClearGuide Signal Trends is a cloud-based tool that allows agencies to identify issues and improve operations at signalized intersections without needing additional field equipment [3]. Expected Benefits - The expansion is expected to lead to smoother trips, reduced stop-and-go traffic, decreased idling, and improved safety, particularly in school zones and pedestrian-heavy areas [3].
Rekor Systems Secures Landmark Patent for "Incident-Based" Data Retention, Replacing Outdated ALPR and Vehicle Dragnets with Privacy-First Intelligent Storage
Globenewswire· 2026-03-18 11:30
Core Viewpoint - Rekor Systems has received a patent for a new method of dynamically storing automatic license plate recognition (ALPR) data based on the severity of suspected criminal activity, shifting from fixed time-based surveillance to targeted investigation [1][3]. Group 1: Patent and Technology - The new patented process allows law enforcement agencies to retain vehicle data based on investigatory relevance and public expectations, rather than fixed time periods [3]. - This innovation enables the retention of data related to serious offenses, such as active warrants and violent felonies, for longer durations, while less relevant data can be kept for shorter periods or deleted [3][4]. - Rekor Systems has a strong portfolio of 30 filed patents, including six awarded patents, demonstrating its commitment to privacy-enhanced technology and roadway intelligence [4]. Group 2: Public Safety and Community Engagement - The patented approach addresses privacy concerns by allowing communities to have input on data retention policies, ensuring that only relevant data is kept [4]. - There is an ongoing national debate regarding the use of ALPR technology, with Rekor advocating for a shift from broad data collection to more targeted retention based on actual offenses [4]. Group 3: Company Overview - Rekor Systems, Inc. is a leader in developing advanced roadway intelligence systems using AI-enabled computer vision, providing actionable insights to government agencies and businesses [5].
Rekor Systems to Announce 2025 Results
Globenewswire· 2026-03-17 11:30
Core Viewpoint - Rekor Systems, Inc. will report its annual financial results for the fiscal year ended December 31, 2025, on March 31, 2026, after market close, and will host an earnings conference call to discuss these results [1]. Group 1: Financial Reporting - The annual financial results will be reported on March 31, 2026 [1]. - The earnings conference call is scheduled for 4:30 p.m. Eastern Time on the same day [1]. Group 2: Conference Call Information - Participants should dial in approximately 10 minutes before the call using the provided North America numbers [2]. - A replay of the call will be available online approximately two hours after the live call for two weeks [2]. Group 3: Company Overview - Rekor Systems, Inc. is a leader in developing roadway intelligence systems using AI-enabled computer vision and advanced technologies [4]. - The company's solutions provide actionable insights to government agencies and businesses in a secure and privacy-protected environment [4].
Autoscope Technologies Corporation Announces 2026 Annual Meeting of Shareholders
Globenewswire· 2026-03-13 20:10
Company Overview - Autoscope Technologies Corporation is focused on enhancing safety and efficiency for urban and highway environments through above-ground detection technology and solutions [2] - The company provides Intelligent Transportation Systems (ITS) professionals with precise information, real-time capabilities, and in-depth analytics to support proactive decision-making [2] Annual Meeting Announcement - The Board of Directors will hold the 2026 Annual Meeting of Shareholders on April 16, 2026, at 10:00 a.m. Central Time, which will be conducted virtually [1] - The record date for determining shareholders entitled to vote is set for February 16, 2026 [1] - Proxy materials will be delivered via the Internet, and shareholders can access relevant documents through the company's profile on OTCQX and its official website [1]
Autoscope Technologies Corporation Confirms Andrew Markese as Chief Executive Officer
Globenewswire· 2026-03-11 20:10
Core Viewpoint - Autoscope Technologies Corporation has officially appointed Andrew Markese as the permanent Chief Executive Officer, removing the interim designation effective March 10, 2026 [1][2]. Company Overview - Autoscope Technologies Corporation is focused on enhancing safety and efficiency for urban and highway environments through the development of above-ground detection technology and solutions [3]. - The company provides Intelligent Transportation Systems (ITS) professionals with accurate information and analytics to support proactive decision-making [3]. - The headquarters of Autoscope Technologies is located in Minneapolis, Minnesota [3].
Iteris to Deploy LA Metro's Countywide Cloud-Based Transit Signal Priority Program
Globenewswire· 2026-02-24 15:00
Core Insights - Iteris, Inc. has partnered with JMDiaz, Inc. and LYT to implement a cloud-based Transit Signal Priority (TSP) system for the Los Angeles County Metropolitan Transportation Authority (LA Metro), receiving over $2 million for this project [1][2]. Group 1: Project Overview - The TSP system will be deployed across 13 major corridors in Los Angeles County, enhancing over 320 signalized intersections [2][4]. - The project is structured over 30 months, consisting of a 12-month design phase followed by 18 months of operations and maintenance, expected to conclude by October 2027 [3]. Group 2: Project Goals and Benefits - The initiative aims to improve bus speed, schedule reliability, and overall transit performance, building on the success of a previous pilot project in Inglewood [2]. - The deployment will utilize existing technologies such as automatic vehicle location systems, fiber optic communications, and advanced traffic controllers to enhance transit signal priority and reduce congestion [3]. Group 3: Company Background - Iteris, Inc. is recognized as a leading provider of smart mobility infrastructure management solutions, part of the Almaviva Group, and focuses on optimizing mobility infrastructure for public transportation agencies and municipalities [5]. - The company offers a comprehensive range of solutions including advanced detection sensors, mobility and traffic data, and software-as-a-service offerings, serving clients in North America and globally [5].
Seyond Announces $2.6M Collaboration with Aventi Sweden to Enhance Market Presence
Globenewswire· 2025-12-30 13:00
Core Insights - Seyond has announced a $2.6 million agreement to deploy its advanced LiDAR technology across key traffic infrastructure in Sweden, integrating its solution, SIMPL, with Aventi Sweden's infrastructure portfolio [1][4] - The deployment reflects the increasing demand for high-fidelity object data in the European Intelligent Transportation Systems (ITS) market, as cities adopt smart infrastructure [2][3] Company Overview - Seyond is a global leader in high-performance image-grade LiDAR solutions, focusing on performance, reliability, and scalability for applications in automotive, robotics, and intelligent sensing [4] - Aventi Sweden, part of the Aventi Group, specializes in optimizing the flow of people, vehicles, data, and energy, and aims to enhance traffic analytics and road user protection through advanced data-driven infrastructure [5] Industry Trends - The European market is experiencing a rapid shift towards LiDAR technology, moving away from legacy sensors to achieve greater accuracy and reliability in traffic management [2][3] - Municipalities are recognizing the need for granular physical world object data to address complex traffic challenges, validating the broader global trend towards advanced detection technologies [3]