Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock
Exchange in the prime market segment, announced today that Kapsch
TrafficCom IVHS Corp. ("KTC IVHS") and Federal Signal Corp. ("FSS") have
entered into a Memorandum of Understanding today after substantial
discussions during the past few months regarding ways in which the two
organizations might cooperate and jointly pursue mutual business
interests in North America. Such discussions have identified several
promising potential opportunities for cooperation. In particular, the
parties have identified opportunities to provide interoperable equipment
for on-board, roadside, back-office and operations, including both
components and systems. By providing both active and passive tag
interoperable solutions, the parties believe they can increase the
options available to their customers while further promoting the open
protocols to which they are both committed. The Memorandum confirms the
mutual understandings of KTC IVHS and FSS regarding the basis on which
the parties intend to continue discussion and pursuit of such
opportunities.
KTC IVHS provides intelligent transportation systems ("ITS"), including
electronic toll collection ("ETC") systems and related services, to the
North American market. FSS, through its Federal Signal Technologies
Group ("FSTech"), which includes the Sirit, VESystems, PIPS Technology,
Idris and Federal APD businesses, is also a provider of ITS and ETC
systems and related services. During the past few months, KTC IVHS and
FSS have engaged in substantial discussions regarding ways in which the
two organizations might cooperate in connection with the joint
development and manufacture of ITS products, and the marketing, sale and
delivery of ITS products and services.
"The partnership with FSS should enable us to augment our portfolio of
industry-leading active tag technology, including 915MHz, and open
standard 5.8GHz and 5.9GHz, with open standard 18000 6C
(sticker/passive-tag) and build on both company’s multi-protocol reader
capability.” stated Georg Kapsch, CEO of Kapsch TrafficCom Group. "This
will allow our North American customers to offer coast-to-coast
interoperability, as well as provide customers with a comprehensive
range of end-to-end solutions — from electronic vehicle registration to
sophisticated pay-as-you-go and road application models. It is our goal
to build on our years of experience and success in South America,
Australia, and Europe, and replicate those achievements in all of the
North American market.”
"The agreement with Kapsch TrafficCom is consistent with our vision of
interoperable ITS in the Americas, by providing a clear pathway to
access our portfolio of technologies and services to agencies operating
large existing ETC networks. We believe we are well-positioned to
address the momentum moving the market to interoperable standards for
ETC, Electronic Vehicle Registration, and other ITS applications across
the hemisphere,” stated Dennis Martin, CEO of Federal Signal Corp.
About Kapsch TrafficCom
Kapsch TrafficCom is an international supplier of superior intelligent
transportation systems (ITS). Its principle business is the development
and supply of electronic toll collection (ETC) systems, in particular
for the open road tolling (ORT) of the traffic, and the technical and
commercial operation of such systems. Kapsch TrafficCom also supplies
traffic management systems, with a focus on road safety and traffic
control, and electronic access systems and parking management. With more
than 250 references in 41 countries on all 5 continents, and with more
than 42 million on-board units (OBUs) delivered worldwide and
approximately 17,200 lanes equipped – including over 21.8 million
transponders on-the-road and more than 3,700 lanes equipped for the
E-ZPass® group in the Northeast of the United States thru the
acquisition of MARK IV IVHS in 2010 - Kapsch TrafficCom has positioned
itself among the leading suppliers of ETC systems worldwide. Kapsch
TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and
representative offices in 27 countries. In North America the company
operates offices in Ontario, California, Maryland, Pennsylvania and
Virginia, and Mexico.
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 four
groups: Safety and Security Systems, Environmental Solutions, Federal
Signal Technologies, and Fire Rescue. For more information on Federal
Signal, visit: http://www.federalsignal.com.
