UNIVERSITY PARK, Ill., Aug. 20 IL-Federal-Signal-3M
UNIVERSITY PARK, Ill., Aug. 20 /PRNewswire-FirstCall/ -- Federal Signal
Corporation's Safety and Security Systems Group, a leader in advancing
security and well-being, today announced that its PIPS Technology subsidiary
has entered into a cooperative marketing agreement with 3M Corporation to
provide an electronic vehicle registration (EVR) solution to the
transportation market segment.
"3M is committed to delivering innovative solutions to complex problems
that our customers are facing," said Terry Griffith, international marketing
manager and EVR program manager for 3M's Traffic Safety Systems Division.
"Partnerships like this enable our 70 plus subsidiaries around the world to
work with customers to develop and deploy comprehensive systems that improve
the safety of a country's infrastructure."
The PIPS and 3M solution improves compliance with the vehicle registration
process, and it provides revenue to governments to help improve transportation
systems. Additionally, EVR enhances public safety and security, increases the
accuracy and timeliness of vehicle registration data and reduces the overall
costs to administer and maintain a vehicle registration system.
EVR is a fully integrated, turnkey solution that incorporates automated
license/number plate recognition (ALPR/ANPR) technology from PIPS and passive
radio-frequency identification (RFID) technology. The solution can
automatically identify vehicles and validate the identity, status and
authenticity of the data associated with that vehicle through vehicle
registration databases, insurance information, property tax records, or other
characteristics that may be tied to the vehicle.
The first EVR system deployed by PIPS and 3M is online in Bermuda.
Bermuda was losing nearly $2.5 million in annual revenue due to non-compliance
of the vehicle registration process. Since the deployment of EVR in Bermuda,
the non-compliance rate has been reduced by 50% according to estimates from
Bermuda's Ministry of Tourism and Transport.
"This is a great partnership with tremendous potential for both
companies," said Michael K. Wons, vice president and general manager of
Federal Signal's Public Safety Systems Division. "This is a clearly defined
need with global opportunity. 3M has been a global leader in the
transportation market for more 60 years. Federal Signal has been providing
safety and security solutions for more than 100 years, and our PIPS subsidiary
is the ALPR world leader in the transportation sector. When industry leaders
come together to meet customers' emerging needs, new robust solutions emerge.
This is a great partnership and we're excited about the possibilities."
About 3M Traffic Safety Systems Division
The 3M Traffic Safety Systems Division has been a world leader in
transportation safety products and systems for nearly 70 years. The division
employs advanced technologies to enhance roadway safety, efficiency and
traffic management through signing, pavement marking and vehicle registration
solutions. Information on the full line of 3M transportation safety products
and systems is available at http://www.3M.com/tss.
About 3M
A recognized leader in research and development, 3M produces thousands of
innovative products for dozens of diverse markets. 3M's core strength is
applying its more than 40 distinct technology platforms -- often in
combination -- to a wide array of customer needs. With $24 billion in sales,
3M employs 79,000 people worldwide and has operations in more than 60
countries. For more information, visit http://www.3M.com.
About PIPS Technology
PIPS Technology, a Federal Signal Company, is a pioneer and the
international market leader in the design and manufacture of automated license
plate recognition technology and optical character recognition software. With
over 15,000 cameras installed worldwide, PIPS continues to set the standard
for both mobile and fixed system deployments across a wide range of law
enforcement, public safety, and intelligent transportation systems
applications. For more information visit http://www.pipstechnology.com.
About Federal Signal
Federal Signal Corporation (NYSE: FSS) enhances the safety, security and
well-being of communities and workplaces around the world. Founded in 1901,
Federal Signal is a leading global designer and manufacturer of products and
total solutions that serve municipal, governmental, industrial and
institutional customers. Headquartered in Oak Brook, Ill., with manufacturing
facilities worldwide, the Company operates three groups: Safety and Security
Systems, Environmental Solutions and Fire Rescue. For more information on
Federal Signal, visit: http://www.federalsignal.com.
SOURCE Federal Signal Corporation's Safety and Security Systems Group
