Welcome to our dedicated page for KPSHF news (Ticker: KPSHF), a resource for investors and traders seeking the latest updates and insights on KPSHF stock.
Kapsch TrafficCom is a leading provider of intelligent transportation systems, dedicated to improving mobility and safety. Recently, Pinellas County, Florida, selected Kapsch TrafficCom for a project to enhance transportation operations. With a USD 4.6 million grant, Kapsch TrafficCom will implement advanced technology solutions to address safety and mobility issues in the region, focusing on reducing pedestrian-involved crashes and congestion along major arterials.
The intersection safety solution will combine video analytics and connected vehicle technology to detect and warn of vulnerable road users in the intersection. Additionally, a decision support system will use predictive analytics to reduce arterial congestion by providing routing information to drivers. Dr. Jeff Adler, VP of Solution Consulting at Kapsch TrafficCom, will serve as the project director.
Kapsch TrafficCom North America has appointed Phil Thompson as Vice President of Sales and Business Development. Thompson brings over 20 years of IoT industry experience, having held leadership roles at Spring Window Fashions, Crestron, Control4, and Honeywell. He succeeds Dan Toohey, who served since 2021 and is retiring. Thompson holds dual Bachelor's degrees from the University of Auckland and has served on the Consumer Technology Association and Rutgers University boards. The company, headquartered in Vienna, operates in more than 50 countries, generating revenues of EUR 539 million in 2023/24 with approximately 4,000 employees.
Kapsch TrafficCom celebrates the opening of Complete 540 Phase 1, an extension of the Triangle Expressway in North Carolina, USA. The project, which opened for traffic on September 25th, 2024, aims to enhance regional connectivity and reduce travel times. The North Carolina Turnpike Authority (NCTA) selected Kapsch in 2017 to upgrade and modernize this expressway with a comprehensive state-of-the-art tolling solution.
Key features of the project include:
- First multi-protocol facility in the United States
- Twelve toll zones with automatic vehicle identification (AVI) Readers
- Vision-based vehicle detection and classification without in-pavement sensors
- All-electronic (open road) tolling functionality
Kapsch will provide maintenance and operation services for eight years after opening. The project is expected to support the region's planned growth and development, offering a reliable and efficient transportation option for all users.
Kapsch TrafficCom has secured a 50-year tolling contract for the Interstate 10 Calcasieu River Bridge project in Louisiana, valued at USD 230 million. This Public-Private Partnership (P3) initiative, led by the Louisiana Department of Transportation and Development and Calcasieu Bridge Partners, aims to improve traffic on the I-10 corridor in Lake Charles. Kapsch TrafficCom will provide end-to-end tolling services as the Tolling Contractor and System Integrator.
The overall I-10 Project, valued at over USD 2.1 billion, includes constructing a new bridge, interstate corridor improvements, ramps, interchanges, and service roads. Kapsch TrafficCom will implement its Roadside and Backoffice systems, including operational support and customer service. The tolling system will commence operations after the bridge opens to traffic.
Kapsch TrafficCom has secured a 50-year tolling contract for the Interstate 10 Calcasieu River Bridge project in Louisiana, valued at USD 230 million. This public-private partnership (P3) initiative, led by the Louisiana Department of Transportation and Development and Calcasieu Bridge Partners, aims to improve traffic on the I-10 corridor in Lake Charles. The overall project, worth over USD 2.1 billion, includes constructing a new bridge, interstate corridor improvements, and other infrastructure enhancements.
Kapsch TrafficCom will provide end-to-end tolling services as the Tolling Contractor and System Integrator, leveraging its Roadside and Backoffice systems. The company's involvement in this long-term project underscores its expertise in transportation solutions for sustainable mobility.
Kapsch TrafficCom, in collaboration with Austrian roadway operator Asfinag, has installed the first operational Green Gantry in Carinthia, Austria. This innovative toll gantry, constructed from renewable timber, offers significant environmental benefits compared to traditional steel or aluminum gantries. The Green Gantry saves 15 tons of CO2 emissions during production and has a lifespan of at least 20 years.
Key features of the Green Gantry include:
- Constructed mainly from glued and laminated spruce timber
- Weather-resistant larch wood for the outer layer
- Meets all relevant European norms and standards
- Powered by its own photovoltaic system with battery storage
- Installed in just one day due to high prefabrication
This sustainable initiative aligns with Kapsch TrafficCom's commitment to providing transportation solutions for sustainable mobility.
FAQ
What is Kapsch TrafficCom known for?
What recent project did Kapsch TrafficCom undertake in Pinellas County, Florida?
How will Kapsch TrafficCom address safety concerns in Pinellas County?
What technology will Kapsch TrafficCom use to reduce congestion along major arterials in Pinellas County?
Who will be the project director for the Pinellas County project?
When is the scheduled deployment date for the ATCMTD project in Pinellas County?
What is the value of the Kapsch TrafficCom contract for the Pinellas County project?
What is the main goal of the Pinellas County project with Kapsch TrafficCom?
How does Kapsch TrafficCom plan to improve transportation operations in Pinellas County?
What technology solutions will Kapsch TrafficCom deploy in Pinellas County?
