Traffic.com and North Carolina Department of Transportation Sign Agreement to Relieve Traffic Congestion
01 March 2007 - 10:00PM
Business Wire
Traffic.com, Inc. (NASDAQ: TRFC), the leading provider of
personalized traffic information for drivers coast-to-coast, today
announced an agreement with the North Carolina Department of
Transportation (NCDOT) that provides for the installation of
digital roadside traffic sensors along expressways around the
Raleigh metropolitan area. The Traffic.com Digital Sensor Network
continuously collects accurate, real-time traffic data and
transmits it wirelessly to a proprietary Traffic Information
Management System (TIMS). The Traffic.com data will be combined
with NCDOT real-time data and incident and event-related updates
obtained by state-of-the-art monitoring by Traffic.com operations
center personnel. The resulting comprehensive traffic content will
be immediately distributed across media, Web and wireless platforms
and will be made available to North Carolina drivers. This traffic
information will include incident and accident reports, vehicle
speeds, congestion levels, and travel and delay times. Raleigh is
the 25th area to participate in Traffic.com�s award-winning
public-private partnerships for the provision of digital traffic
data services. The planned sensor deployment will include the
following Raleigh area expressways: I-40, I-540, I-440, US 1, and
Wade Ave. �Cities like Raleigh that are experiencing tremendous
economic growth are faced with numerous issues related to
increasing traffic,� said David L. Jannetta, president of
Traffic.com. �Our proven technology and partnership model will
provide NCDOT with reliable, accurate, and complete traffic
information for agency planning and provide Raleigh drivers with
crucial real-time traffic alerts when and where they need it most.�
The Raleigh area sensors will be installed at no cost to the state
or local government agencies. Traffic.com pays for the
construction, operational costs, and ongoing maintenance of the
sensors, and also reinvests a portion of the revenue to expand the
system. Traffic.com plans to install these sensors by this time
next year. Traffic.com assists drivers avoid traffic across the
U.S. by delivering free, real-time, traffic services online at
www.traffic.com, on-demand with a toll free traffic hotline
1-866-MY-TRAFC, and on-the-go with an SMS service by texting a city
code to TRAFC and a WAP site at mobi.traffic.com designed for
access by web-enabled cell phone and mobile device. About
Traffic.com, Inc. Traffic.com� is the leading provider of
personalized traffic information for drivers coast-to-coast.
Through the industry's most advanced data collection
infrastructure, Traffic.com provides comprehensive coverage to 50
Designated Market Areas (DMAs) encompassing 83 of the most traffic
congested U.S. cities. Traffic.com solutions include predictive
traffic trends, vehicle speeds, congestion levels, travel times,
and delay times. Customers include broadcast media, interactive,
portable navigation, data services businesses and government
agencies, and solutions are delivered via radio, television, Web,
wireless device, and in-vehicle navigation systems. Traffic.com�s
unique multi-platform distribution network creates unique, powerful
branding opportunities for advertisers, enabling them to expand
their reach and target consumers with useful, relevant content
multiple times per day. Traffic.com's business partners include
AOL, Comcast, Garmin International Inc., Microsoft, NAVTEQ, The
Weather Channel�, and XM Satellite Radio. Forward-Looking Statement
This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Because these statements apply to future events, they are subject
to risks and uncertainties that could cause actual results to
differ materially, including Traffic.com�s history of operating
losses, risks associated with its recently expanded business model,
the substantial competition it faces, its ability to maintain
advertiser relationships and attract additional advertisers, its
dependency on government contracts, possible failure of its traffic
information management system, and failure to protect its
intellectual property or to defend against intellectual property
claims of others. These and other risks are described in greater
detail in Traffic.com�s filings with the Securities and Exchange
Commission. Traffic.com may not actually achieve the goals or plans
described in its forward-looking statements, and investors should
not place undue reliance on these statements. Traffic.com disclaims
any intent or obligation to update any forward-looking statements
as a result of developments occurring after the date of this press
release. The Traffic.com logo and Traffic.com are registered
trademarks of Traffic.com, Inc. All other product or service names
or marks are the property of their respective owners. � 2007
Traffic.com, Inc.
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