Georgia Department of Transportation Signs Traffic.com, Inc. to Expand Network of Digital Traffic Sensors In Atlanta; Atlanta D
13 Junio 2006 - 8:00AM
Business Wire
Traffic.com, Inc. (NASDAQ:TRFC), the source for the most accurate,
comprehensive, and real-time traffic information in the United
States, signed an agreement with the Georgia Department of
Transportation (GDOT) that provides for the expansion of digital
roadside traffic sensors along Atlanta-area expressways.
Traffic.com will use the data collected by these sensors, combine
it with GDOT's extensive NaviGAtor system of traveler information,
and distribute digital traffic data and incident/event information
to millions of drivers in Atlanta across multiple platforms. This
public-private partnership will supply drivers with the valuable
and comprehensive traffic information they need to manage the
multitude of traffic problems they encounter each day. An
independent research firm recently reported the Atlanta
metropolitan area as the most expensive place in the nation for
commuters. Traffic.com is helping area drivers deal with the
increasing cost of congestion by offering free, customized traffic
information featuring travel times, vehicle speeds, congestion
delays and accident/event reports. Drivers can visit
www.traffic.com to set-up and save personalized daily commutes.
Through Traffic.com's my traffic.com(TM) suite of free, customized
services, users can receive scheduled or on-demand traffic reports
via phone, e-mail, or wireless device. "Our state-of-the-art
traffic data collection system is a proven technology model that
collects and processes real-time, lane-by-lane, traffic speed and
volume," said David L. Jannetta, president of Traffic.com. "This
public-private partnership with GDOT enables us to provide
additional reliable, accurate, and comprehensive traffic
information that will help Atlanta drivers to better manage growing
congestion and fuel costs." The expanded sensor system is being
installed at no cost to the state or local government agencies.
Traffic.com will pay for the construction, operational costs, and
ongoing maintenance of the sensors, and will also reinvest a
portion of the revenue to expand the system. The real-time,
lane-by-lane traffic speed and volume data collected by the new
sensors will be integrated with the data currently collected by
GDOT to help improve work zone safety, crash responses, and highway
operations. Traffic.com plans to install these sensors along major
expressways, including I-20, around the Atlanta metropolitan area
by the summer of 2007. Traffic.com delivers comprehensive traffic
information and services to a multitude of broadcast media
affiliates and commercial customers. In the Atlanta area, these
include WAGA-TV, WWWQ-FM, WNNX-FM, and dedicated XM satellite radio
channel traffic and weather channel 227. About Traffic.com
Traffic.com(R) delivers the most accurate, comprehensive traffic
information to U.S. consumers across multiple platforms in real
time. Drivers in 40 major metropolitan markets can receive free,
customized traffic reports complete with predictive traffic trends,
vehicle speeds, congestion levels, travel times, and delay times
delivered via Web, wireless device, radio, television and
in-vehicle navigation systems. Traffic.com's ability to distribute
traffic information via specialized data feeds and across multiple
platforms creates unique, cross-platform branding opportunities for
advertisers, enabling them to expand their reach and target
consumers with useful, relevant content multiple times per day.
Traffic.com's growing list of business partners includes Microsoft,
The Weather Channel(R), Comcast, Motorola's VIAMOTO(TM) Solutions,
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. trfc-g The Traffic.com logo is a trademark and Traffic.com
and my traffic.com are registered trademarks of Traffic.com, Inc.
All other product or service names or marks are the property of
their respective owners. (C) 2006 Traffic.com, Inc.
Traffic (NASDAQ:TRFC)
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