AEye Inc (LIDR)

[WeTheMarket]

AEye and Intetra Showcase Advanced Tolling Automation Capabilities at ITS World Congress
October 13 2021, Business Wire
https://ih.advfn.com/stock-market/NASDAQ/aeye-LIDR/stock-news/86272542/aeye-and-intetra-showcase-advanced-tolling-automat

AEye’s Software-Definable LiDAR Enables Improved Detection Accuracy - Maximizing Performance in All Lighting, Weather, and Traffic Conditions

ITS World Congress – AEye, Inc. (NASDAQ: LIDR), the global leader in adaptive, high-performance LiDAR solutions, and Intetra, a premier provider of end-to-end solutions for Intelligent Transportation Systems (ITS) and Electronic Toll Collection Systems (ETC), announced they are jointly showcasing advanced tolling automation capabilities at ITS World Congress. The companies are demonstrating how the advanced feedback loops and optimized scan patterns of AEye’s 4Sight™ M LiDAR enable high resolution detection in tolling areas regardless of vehicle type, speed, traffic flow, light, or weather conditions. To see a demonstration of AEye’s LiDAR, visit Intetra booth # B5431 October 13-15 at ITS World Congress in Hamburg, Germany.

Intetra designs, builds, integrates, and implements ITS and ETC technology customized to meet the needs of transportation authorities. This includes electronic RFID tolling systems, which have historically used cameras, sensors, lighting systems, and back-end software to increase the operational efficiency and convenience of toll collection. At ITS World Congress, Intetra is showcasing how it can further improve detection tolling accuracy using AEye’s adaptive, solid state LiDAR.

LiDAR is the only deterministic sensor that provides the specific data needed for ITS applications due to its ability to precisely establish where an object is going (vector and velocity). AEye’s LiDAR goes a step further, providing an intelligent, high-performance LiDAR that enables the customization of scanning capabilities for any ITS application.

“As an additive sensor with built-in intelligence, AEye’s LiDAR is able to adjust its scan pattern in real-time to optimize for various environmental and traffic conditions - a game-changer for automated tolling applications,” said Kamil Alpaydin at Intetra. “This software-definability is key in obtaining optimal performance for any tolling use case, and delivers a level of efficiency and safety not possible with cameras alone.”

“We’re proud to be showcasing our solution with Intetra, an ITS system integrator known for excellence in delivering best-of-breed highway Electronic Toll Collection (ETC) integration services,” said Akram Benmbarek, VP of Strategic Initiatives at AEye. “With AEye’s unique flexibility to adapt to changing conditions, demands and use cases on the fly, Intetra is well-positioned to help transportation authorities streamline vehicle flow on highways and at toll plazas through smarter, more efficient perception.”

Built on AEye’s award-winning iDAR platform, 4Sight M is the first and only LiDAR solution whose performance has been independently verified by a reputable third-party testing organization. VSI Labs, the leading active safety and automated vehicle technologies researcher, published a report this year confirming 4Sight M’s breakthrough range, resolution, and speed capabilities. To see what a software-configurable sensor can do, and to experience the 4Sight M performance in real-time, visit aeye.ai/demo-the-4sight-m.

About AEye

AEye is the premier provider of intelligent, next generation, adaptive LiDAR for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. AEye’s iDAR™ (Intelligent Detection and Ranging) system leverages biomimicry and principles from automated targeting applications used by the military to scan the environment, intelligently focusing on what matters most, enabling faster, more accurate, and more reliable perception. iDAR is the only software configurable LiDAR with integrated deterministic artificial intelligence, delivering industry-leading performance in range, resolution, and speed. The company was founded in 2013 and is based in the San Francisco Bay Area.

About Intetra

Founded in 2005, Intetra is an innovative market leader within Intelligent Transport Systems (ITS) and Electronic Toll Collection Systems (ETC). Intetra manufactures hardware, as well as develops state of the art in-house software solutions to optimize energy efficient and climate friendly systems which monitor and manage complex traffic and mobility challenges. Our clients are public as well as private operators. Products include Variable Message Signs (VMS), Variable Traffic Signs (VTS), Passenger Information Systems, Road Safety Solutions, Traffic Signal Systems, Smart City Solutions, Monitoring & Management systems, and many more. Intetra provides end-to-end solutions for RFID Electronic Toll Collection, starting from design, through technology development, production, consulting, installation, training, service, maintenance and management.