Pond Technologies

AEye ($LIDR) and Intetra Introduce New Lidar-based Automated Tolling System

13 September 2022

AEye (NASDAQ: LIDR) and Intera have announced the development and deployment of their state-of-the-art lidar-based tolling solution. The automated tolling system, powered by AEye’s 4Sight™ Intelligent Sensing Platform, provides greater reliability at a lower cost over inductive loop systems and other above-ground detection modalities, including camera and radar. Intetra is deploying the new automated tolling system in Turkey and other areas in the region, with the intention of expanding the relationship to include other ITS applications and geographies globally.

The company says that the system can provide data for up to eight lanes of traffic per sensor, collecting information such as vehicle speed, trajectory, type classification, tagging, dimensions, and time stamp, without false or missed detections due to adverse weather conditions.

Baris Sarac, Director of Business Development at AEye stated: “We are incredibly proud of the solution we co-developed and are deploying globally with Intetra. AEye’s software-configurable lidar solution uniquely provides the ultimate flexibility and longevity for automated tolling applications, allowing for over-the-air system upgrades and optimized performance, all within a single architecture.”

AEye’s unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, logistics, and off-highway applications that save lives and propel the future of transportation and mobility.

Shares of AEye trade on the NASDAQ under the ticker symbol LIDR. For more information visit www.greenstocknews.com

 

Sign Up To Get Daily Green Stock News In Your Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

FEATURED GREEN STOCK

FEATURED GREEN STOCK

Sienna Resources Sienna Resources is at the forefront of the battery metals revolution. The company is one of the largest landholders in the prolific Clayton Valley district, which is the only lithium producing region in the United States and located just miles from Tesla's Gigafactory in Nevada. Sienna has also built a strategic land position adjacent to Surge Battery Metal's exciting new lithium discovery...

CLICK TO LEARN MORE

COPYRIGHT ©2022 GREEN STOCK NEWS