Kapsch TrafficCom IVHS And Federal Signal Corporation Enter Into A Memorandum Of Understanding Regarding Cooperation In The North American Intelligent Transportation System Markets
Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, announced today that Kapsch TrafficCom IVHS Corp. ("KTC IVHS") and Federal Signal Corp. ("FSS") have entered into a Memorandum of Understanding today after substantial discussions during the past few months regarding ways in which the two organizations might cooperate and jointly pursue mutual business interests in North America. Such discussions have identified several promising potential opportunities for cooperation. In particular, the parties have identified opportunities to provide interoperable equipment for on-board, roadside, back-office and operations, including both components and systems. By providing both active and passive tag interoperable solutions, the parties believe they can increase the options available to their customers while further promoting the open protocols to which they are both committed. The Memorandum confirms the mutual understandings of KTC IVHS and FSS regarding the basis on which the parties intend to continue discussion and pursuit of such opportunities.
KTC IVHS provides intelligent transportation systems ("ITS"), including electronic toll collection ("ETC") systems and related services, to the North American market. FSS, through its Federal Signal Technologies Group ("FSTech"), which includes the Sirit, VESystems, PIPS Technology, Idris and Federal APD businesses, is also a provider of ITS and ETC systems and related services. During the past few months, KTC IVHS and FSS have engaged in substantial discussions regarding ways in which the two organizations might cooperate in connection with the joint development and manufacture of ITS products, and the marketing, sale and delivery of ITS products and services.
“The partnership with FSS should enable us to augment our portfolio of industry-leading active tag technology, including 915MHz, and open standard 5.8GHz and 5.9GHz, with open standard 18000 6C (sticker/passive-tag) and build on both company’s multi-protocol reader capability.” stated Georg Kapsch, CEO of Kapsch TrafficCom Group. “This will allow our North American customers to offer coast-to-coast interoperability, as well as provide customers with a comprehensive range of end-to-end solutions — from electronic vehicle registration to sophisticated pay-as-you-go and road application models. It is our goal to build on our years of experience and success in South America, Australia, and Europe, and replicate those achievements in all of the North American market.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV