Kapsch TrafficCom further boosts AI capabilities
Vienna, April 8, 2024 – 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 renowned provider of transportation solutions for sustainable mobility with successful projects in more than 50 countries. Innovative solutions in the application fields of tolling, tolling services, traffic management and demand management contribute to a healthy world without congestion.
With one-stop-shop solutions, the company covers the entire value chain of customers, from components to design and implementation to the 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 (ticker symbol: KTCG). In its 2022/23 financial year, about 4,000 employees generated revenues of EUR 553 million.