STOCK TITAN

Montgomery County, Maryland Renews with Conduent Transportation to Manage and Expand Automated Traffic Enforcement Program

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Conduent has secured a 10-year contract with Montgomery County, Maryland, to supply automated speed and red-light camera systems, enhancing traffic safety. This renewal extends a partnership that began in 2007, during which the county's program saw a 62% decrease in speeding at camera sites and a 39% reduction in serious crashes. The program currently operates 77 speed cameras and 50 red-light cameras, with plans to double these numbers. The total contract value is approximately $116 million, consisting of a 5-year base term and five 1-year options.

Positive
  • Secured a 10-year contract valued at approximately $116 million.
  • Past performance showed a 62% reduction in speeding at camera sites.
  • 39% reduction in serious injury crashes attributed to the program.
  • Plans to expand from 77 speed cameras and 50 red-light cameras to double the current numbers.
Negative
  • None.

New 10-year contract provides automated speed and red-light camera systems designed to enforce traffic laws and make communities safer

Conduent supplies and operates the equipment and associated technology for each system, including its Automated License Plate Recognition solution

FLORHAM PARK, N.J., May 02, 2022 (GLOBE NEWSWIRE) -- Conduent Transportation, a global business unit of Conduent Incorporated (Nasdaq: CNDT), today announced a 10-year contract renewal from Montgomery County, Maryland, to provide automated speed and red-light camera systems designed to enforce traffic laws and make communities safer. The county’s program, which Conduent helped launch in 2007, was the first of its kind in the state and is now slated to expand in school and residential areas, as well as at select intersections.

With more than 25 years of experience as an industry leader in traffic enforcement, Conduent Transportation currently operates one out of every four U.S. public safety systems. Independent studies, including one by the Insurance Institute for Highway Safety (IIHS), have shown these programs can improve the safety of communities.

A 2016 IIHS study found Montgomery County’s program led to a 62-percent reduction in the likelihood that a vehicle was traveling more than 10 mph above the speed limit at camera sites. The program also led to a 39-percent reduction in the likelihood that a crash resulted in an incapacitating or fatal injury, according to the study.

“This has been a highly successful program, and we’re proud that it’s viewed as a model by many other jurisdictions,” said Christopher Tippery, Director of Operations, Automated Traffic Enforcement Unit at the Montgomery County Police Department. “We’re pleased to renew and expand our partnership with Conduent to continue making our streets and communities safer.”

The program currently includes 77 speed camera systems and 50 red-light camera systems, and the county says it aims to double those numbers over the coming years. Conduent supplies and operates the equipment and associated technology for each system, including its Automated License Plate Recognition solution. The company also provides the software, hardware and video analytics needed to securely store data, process violations and assess the effectiveness of the locations, which are determined by county officials.

“Montgomery County has been a trailblazer in demonstrating the importance of using smart mobility innovations to enhance public safety,” said Mark Brewer, President, Transportation Solutions at Conduent. “We’re honored they have chosen to extend our valued, 15-year partnership. As an industry leader, our team is committed to giving communities like Montgomery County the technology and the tools they need to keep children and other citizens safe.”

The 10-year contract includes a 5-year base term plus five 1-year options. The total value is approximately $116 million.

Conduent Transportation is a leading provider of automated and analytics-based transportation solutions for government agencies. These solutions, spanning roadway charging and management, parking and curbside management, and advanced transit and public safety systems, enable streamlined and personalized services for citizens and travelers who use them. The company has been helping transportation clients for more than 50 years and operates in more than 20 countries.

About Conduent
Conduent delivers mission-critical services and solutions on behalf of businesses and governments – creating exceptional outcomes for its clients and the millions of people who count on them. Through our dedicated people, processes, and technologies, Conduent solutions and services enhance customer experience, increase efficiencies, reduce costs, and improve performance for most Fortune 100 companies and more than 500 government entities. Whether it’s touching three out of every four health insured lives and delivering 45% of SNAP payments in the U.S., or enabling 1.3 billion customer service interactions and empowering 10 million employees through HR services worldwide, Conduent services and solutions interact with millions of people every day and move our clients’ operations forward. Learn more at https://www.conduent.com.

Media Contact:
Neil Franz, Conduent, +1-240-687-0127, neil.franz@conduent.com

Investor Relations Contact:
Giles Goodburn, Conduent, +1-203-216-3546, ir@conduent.com

Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives, and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.

Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.


FAQ

What is the value of Conduent's contract with Montgomery County, Maryland?

The contract value is approximately $116 million.

How long is the contract between Conduent and Montgomery County?

The contract is a 10-year agreement.

What improvements have been reported from the traffic camera program?

The program led to a 62% reduction in speeding and a 39% reduction in serious injury crashes.

How many cameras are currently operating under this program?

There are currently 77 speed cameras and 50 red-light cameras in operation.

When was the initial partnership with Montgomery County established?

The initial partnership began in 2007.

Conduent Incorporated

NASDAQ:CNDT

CNDT Rankings

CNDT Latest News

CNDT Stock Data

607.58M
148.20M
8.08%
75.41%
2.33%
Information Technology Services
Services-business Services, Nec
Link
United States of America
FLORHAM PARK