September 13, 2022 – TheNewswire - AEye (LIDR) and Intera have announced the development and deployment of their state-of-the-art lidar-based tolling solution. The automated tolling system, powered by AEye’s 4Sight™ Intelligent Sensing Platform, provides greater reliability at a lower cost over inductive loop systems and other above-ground detection modalities, including camera and radar. Intetra is deploying the new automated tolling system in Turkey and other areas in the region, with the intention of expanding the relationship to include other ITS applications and geographies globally.
The company says that the system can provide data for up to eight lanes of traffic per sensor, collecting information such as vehicle speed, trajectory, type classification, tagging, dimensions, and time stamp, without false or missed detections due to adverse weather conditions.
Baris Sarac, Director of Business Development at AEye stated: “We are incredibly proud of the solution we co-developed and are deploying globally with Intetra. AEye’s software-configurable lidar solution uniquely provides the ultimate flexibility and longevity for automated tolling applications, allowing for over-the-air system upgrades and optimized performance, all within a single architecture.”
AEye’s unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, logistics, and off-highway applications that save lives and propel the future of transportation and mobility.
Shares of AEye trade on the NASDAQ under the ticker symbol LIDR. For more information visit www.greenstocknews.com.
Disclaimer
This content is not financial advice and is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content and other materials including web content are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or materials that it publishes electronically.
View original video news clips here: https://greenstocknews.com/green-stock-newswire
Copyright (c) 2022 TheNewswire - All rights reserved.