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
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Related links:
http://www.federalsignal.com
http://www.3M.com/tss http://www.pipstechnology.com
CONTACT:
John Segvich of Federal Signal Corporation,
+1-708-587-3486, jsegvich@federalsignal.com
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