Kapsch TrafficCom Elevates Tolling and Traffic Management Systems with AI Integration

Kapsch TrafficCom Elevates Tolling and Traffic Management Systems with AI Integration

(IN BRIEF) Kapsch TrafficCom is enhancing its tolling and traffic management systems by integrating Artificial Intelligence (AI) technology, signaling a significant advancement in the transportation sector. Leveraging AI for real-time data processing and video analytics promises smoother traffic flow and increased safety for road users, fostering sustainable mobility. Partnering with Hailo Technologies, a leader in AI processor development, Kapsch aims to boost system efficiency while reducing operational costs. This collaboration underscores Kapsch TrafficCom’s commitment to technological innovation and its pursuit of smarter, more efficient mobility solutions, setting new benchmarks in transportation technology.

(PRESS RELEASE) VIENNA, 8-Apr-2024— /EuropaWire/ — Kapsch TrafficCom is further integrating Artificial Intelligence (AI) into its tolling and traffic management systems to improve accuracy and efficiency.

This development marks a significant advancement in tolling and traffic management technology. By leveraging AI for real-time data processing and video analytics, traffic will flow more smoothly and be safer for vulnerable road users, ensuring sustainable mobility for all traffic stakeholders.

Balazs Barnucz, Vice President Video Platform at Kapsch TrafficCom, highlighted: “Integrating AI into our solutions transforms their capabilities, offering more efficiency and a seamless experience for users. These improvements not only optimize revenue streams for toll operators but also ensure a smoother, more equitable traffic experience for drivers.”

In a strategic move to boost its AI capabilities, Kapsch TrafficCom has partnered with Hailo Technologies, a frontrunner in the development of cutting-edge AI processors. This collaboration will see the integration of Hailo’s processors into the systems of Kapsch TrafficCom, enhancing their performance with low power consumption and high efficiency.

“We are proud to be selected by Kapsch as a technology partner, to empower their tolling and traffic management systems with high performance AI capabilities” said Chen Lowey, Europe General Manager at Hailo. “This collaboration marks another step forward in making our roads safer and more efficient through AI,” he added.

This partnership with Hailo Technologies signifies Kapsch TrafficCom’s dedication to leveraging cutting-edge technologies for smarter, more efficient mobility solutions, setting new standards in the transportation industry.

The cooperation is part of Kapsch TrafficCom’s ongoing commitment to technology leadership in the transportation sector, aiming to reduce operational costs, enhance traffic flow, and support environmental sustainability.

Kapsch TrafficCom is a globally recognized provider of traffic solutions for sustainable mobility, with project successes in more than 50 countries. Innovative solutions in the application areas of tolling, tolling services, traffic management and demand management contribute to a healthier world without congestion.

With one-stop-shop solutions, the company covers the entire customer value chain, from components and design to the implementation and operation of systems.

Kapsch TrafficCom, headquartered in Vienna, has subsidiaries and branches in more than 25 countries and is listed in the Prime Market segment of the Vienna Stock Exchange (symbol: KTCG). In the financial year 2022/23, around 4,000 employees generated revenues of EUR 553 million.

Media Contacts:

Carolin Treichl
Executive Vice President Marketing & Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
carolin.treichl@kapsch.net

Sandra Bijelic
Head of Corporate Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria
sandra.bijelic@kapsch.net

SOURCE: Kapsch TrafficCom AG