BEAVERTON, ORE.--(BUSINESS WIRE)--
In a strategic move towards connected and automated vehicle operations, Kapsch TrafficCom placed an investment worth of US$ 3 million in Traffic Technology Services, Inc. (TTS). The Delaware-based technology company and information provider is making a presence in the connected vehicle market as a supplier of quality predictive information and georeferencing near traffic control systems.
Kapsch TrafficCom’s initial investment secures operations towards deploying a worldwide V2I service, Personal Signal Assistant™. TTS launched the V2I service in December 2016, concurrent with the launch of the Audi Connect Traffic Light Information feature, and has been actively deploying the service throughout North America and Europe.
With a focus on delivering real-time predictive messages using available infrastructure, TTS is pioneering a new market for cellular-based connected and automated vehicle services. “We are excited to welcome Kapsch TrafficCom as a new shareholder of TTS. Kapsch has an excellent reputation and track record of supporting ITS growth businesses. We are very enthusiastic about the future of TTS with this investment,” said TTS CEO Thomas Bauer.
Kapsch TrafficCom is a provider of intelligent transportation systems in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. As a one-stop solutions provider, Kapsch TrafficCom offers end-to-end solutions covering the entire value creation chain of its customers, from components and design to the implementation and operation of systems. The mobility solutions supplied by Kapsch TrafficCom help make road traffic safer and more reliable, efficient, and comfortable in urban areas and on highways alike while helping to reduce pollution.
Kapsch TrafficCom is an internationally renowned provider of intelligent transportation systems thanks to the many projects it has brought to successful fruition in more than 50 countries around the globe. The family-owned company is headquartered in Vienna, Austria and in 2017 celebrated 125 years of successfully developing and implementing new technologies for the benefit of its customers. As part of the Kapsch Group, Kapsch TrafficCom has subsidiaries and branches in more than 30 countries. It has been listed in the Prime Market of the Vienna Stock Exchange since 2007 (ticker symbol: KTCG). Kapsch TrafficCom currently has more than 4,800 employees, and generated revenue of approximately EUR 648 million in fiscal year 2016/17.
Traffic Technology Services Inc. (TTS) is a technology company and information provider for connected vehicle applications. The Personal Signal Assistant™ cloud-based solution, patented prediction process, industry standard definitions, and comprehensive deployment allows for immediate vehicle-to-infrastructure (V2I) integration and applications. TTS is active in over 50 major metropolitan areas in North America, representing over 175,000 signalized intersections. TTS is based in Beaverton, Oregon, while TTS Europe, a wholly owned subsidiary, is headquartered in Munich, Germany. For more information, visit www.traffictechservices.com.
Copyright Business Wire 2017