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Russian banking and financial services company Sberbank and Austrian road construction and traffic management company Swarco have signed a Memorandum of Understanding aimed at ‘participation in joint initiatives and the cultivation of mutually profitable cooperation between the two parties as well as their subsidiary structures and groups’. The signing ceremony was held during the St Petersburg International Economic Forum. “The bank intends to actively develop the cooperation with the company in orde

Vehicle technology integrator and 3D-printed car creator Local Motors of Arizona, US, has unveiled its self-driving electric shuttle vehicle which is currently used on local roads in Washington, DC and will be introduced to Miami-Dade County and Las Vegas late in 2016. The vehicle, dubbed ‘Olli,’ was unveiled during the opening of a new Local Motors facility in Maryland and transported Local Motors CEO and co-founder John B. Rogers, Jr. along with vehicle designer Edgar Sarmiento into the new facility. T

According to the latest report from market research firm HIS, Automotive Electronics Roadmap Report, as the complexity and penetration of in-vehicle infotainment systems and advanced driver assistance systems (ADAS) increases, there is a growing need for hardware and software solutions that support artificial intelligence, which uses electronics and software to emulate the functions of the human brain. In fact, unit shipments of artificial intelligence (AI) systems used in infotainment and ADAS systems are

Following the completion of its separation into two publicly traded companies, Xerox has announced the names of the new companies that will be created. The Business Process Outsourcing company will be named Conduent and the Document Technology company will continue to be called Xerox Corporation. The name Conduent is inspired by the new company’s expertise in connecting clients and their constituents through seamless transactions at massive scale in areas such as customer care, transportation solutions,

The Massachusetts Department of Transportation has entered a data-sharing partnership with Waze, the real-time traffic navigation app, to provide motorists with real-time traffic conditions across Massachusetts in a bid to ease traffic congestion. Designed as a free, two-way data share of publicly available, crowd-sourced traffic information, the Connected Citizens Program promotes greater efficiency, deeper insights and safer roads for citizens of Massachusetts along with more than 70 other partners aro

ALMAGuide, developer of the Advanced Lane Management Assist (ALMA) advanced lane guidance technology for cars and trucks on freeways, has received approval for two US patents. These describe technology that takes information from centralised traffic management control centres, conditions the data and uses proprietary algorithms and propriety data structures to tell the vehicle (either with driver or driverless) both the best lane to be in on the highway, based on traffic flow several miles ahead of the

Launched in 2015, the Missouri Department of Transportation’s (MoDOT) ‘Road to Tomorrow’ initiative is ready to move on five pilot projects, according to Equipment World. MoDOT plans to utilise innovation and construction to rebuild the state’s oldest interstate highway, Interstate 90 and make the highway from Kansas City to St Louis available to private industry, entrepreneurs and innovators as a laboratory for construction of the next generation of highways. MoDOT has made a 2016 TIGER Grant request

Israeli wireless connectivity specialist Siklu is to provide the wireless part of a hybrid wireless connectivity network for the city of Bradford, UK as part of an extensive smart city project to integrate multiple information and communication technologies. The project includes providing the wireless connectivity for more than 300 surveillance cameras and two-dozen traffic management devices. The system was installed by solution integrator Net View Systems. The new Siklu-enabled network connects the Bo

The Volkswagen Group is making plans to become a world-leading provider of sustainable mobility; its ‘TOGETHER – Strategy 2025 provides the framework, with the focus on transforming the core business and tapping potential new revenue streams. The Group is planning a broad-based initiative in this area: it intends to launch more than 30 purely battery-powered electric vehicles (BEVs) over the next ten years and estimates that such vehicles could then account for around a quarter of the global passenger ca

According to research by P&S Market Research, the global hybrid and electric vehicle battery market is expected to grow at a CAGR of 20 per cent in terms of value during 2016-2022. The report, Global Hybrid and Electric Vehicle Battery Market Size, Share, Development, Growth and Demand Forecast, claims that, among the various applications, the electric vehicle segment accounted for the largest share (46.5 per cent) of the hybrid and electric vehicle battery market in terms of value in 2015. Electric vehi

In a move to make travel on Interstate 10 safer and more efficient, the transportation leaders of Arizona, Texas, New Mexico and California have created a coalition supporting innovation along the corridor. The I-10 Corridor Coalition is modelled after a coalition involving 15 states that govern Interstate 95 between Florida and Maine. For Arizona, the partnership is designed to remove what transportation officials refer to as ‘friction’, such as the variety of commercial vehicle permitting and inspectio

Major companies such as Bosch, di-soric Solutions and ifm electronic are to exhibit for the first time at Vision 2016, to be held in Stuttgart, Germany, 8-10 November. Bosch will be showcasing one of its three mobile collaborative assistance systems from the APAS family. The APAS inspector features a high-resolution high-speed camera and innovative 3D process which can be used in diverse production contexts such as high-precision surface inspections or completeness testing. The ifm Group will be exhib

Mapping data specialist Here and Berlin-based electric vehicle (EV) charging provider Hubject are to collaborate in a venture that will enable EV drivers who use Here-powered navigation to access real time information on all charging stations in the intercharge network. Integrating information on charging stations from the Hubject platform with the Here mapping system will make it easier for customers to locate charging stations for their electric vehicles, say the companies. The collaboration will en

Jack Dangermond, founder and president of digital mapping supplier Esri has been confirmed as a keynote speaker at the 23rd ITS World Congress in Melbourne, October10-14. World Congress host, ITS Australia CEO Susan Harris said attracting speakers of Mr. Dangermond's calibre highlights the significance of the Congress, the draw of Australia and how digital mapping has become an important technology in tackling traffic congestion in major cities around the world. Dangermond and his wife Laura founded t

The latest research by MarketsandMarkets, Vehicle Intelligence Systems Market by Road Scene Understanding, Advanced Driver Assistance & Monitoring, predicts that the global market for vehicle intelligence systems will grow at a CAGR of 12.24%, from US$11.29 Billion in 2016 to US$20.11 Billion by 2021. Given the increasingly stringent safety norms, automotive OEMs are focusing on enhancing the safety of vehicles. To ensure the safety of the driver, passengers, and pedestrians, the vehicle needs to be inte