Caltrans Expands Traffic.com Network of Digital Traffic Sensors into San Jose and Sacramento; Agreements Mark Fourth and Fifth
05 Septiembre 2006 - 10:00AM
Business Wire
Traffic.com, Inc. (NASDAQ:TRFC), the leading provider of
personalized traffic information for drivers coast to coast, signed
an agreement with the California Department of Transportation
(Caltrans) that provides for the installation of digital roadside
traffic sensors in the San Jose and Sacramento metropolitan areas.
These new sensors will monitor approximately 1,000 lane miles on
area expressways. Traffic.com has an established history with
Caltrans, beginning in 2003 when Traffic.com signed its first
agreement to install sensors in Los Angeles through the Federal
Highway Administration's (FHWA) Transportation Technology
Innovation and Demonstration (TTID) Program, originally the
Intelligent Transportation Infrastructure Program (ITIP). Since
then, Caltrans has continued to tap Traffic.com for additional
sensor deployments throughout the state, bringing the total number
of metropolitan areas covered by Traffic.com sensors to five. "At
Traffic.com we are driven to deliver a quality product to our
partners and consumers," said David L. Jannetta, president,
Traffic.com. "Caltrans' decision to extend its relationship with
Traffic.com for comprehensive traffic solutions for San Jose and
Sacramento is a testament to our position as the national leader in
providing reliable, accurate traffic services. We are pleased to be
offering valuable, customizable traffic solutions to the 23 million
people that live and work in these five areas." Traffic.com is
installing the sensor system and providing comprehensive traffic
services at no cost to California State or local government
agencies. As part of the FHWA-funded TTID program, 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. Traffic.com plans to place these
sensors along major expressway portions of I-280, I-680 and US-101
around the San Jose area and portions of CA-99, I-5, I-80 and US-50
near Sacramento, with completion targeted by year-end 2007.
According to the 2005 Urban Mobility Report issued by the Texas
Transportation Institute, traffic congestion cost Sacramento area
drivers $619 million and San Jose drivers $823 million in 2003.
"Caltrans is pleased to continue to build on our successful
partnership with Traffic.com by adding San Jose and Sacramento to
the metropolitan areas covered," said Randy Iwasaki, chief deputy
director of Caltrans. "The state of California has been a pioneer
in developing innovative public-private relationships and we are
pleased to be able to expand the Traffic.com program." Traffic.com
will use the data collected by these new sensors and combine it
with data from Caltrans' Traffic Monitoring System and the
Performance Monitoring System (PeMS) to distribute digital traffic
data and incident/event information to drivers in California across
multiple platforms, including television, radio, Web, phone, and
wireless device. 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. About Traffic.com, Inc. Traffic.com(R) is the
leading provider of personalized traffic information for drivers
coast to coast. Through the industry's most comprehensive data
collection infrastructure, Traffic.com offers consumers real-time
customized traffic reports in 50 metropolitan areas. These
personalized consumer reports are 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 AOL,
Microsoft, The Weather Channel(R), Comcast, Garmin International
Inc., 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 is a registered
trademark of Traffic.com, Inc. All other product or service names
or marks are the property of their respective owners. (C) 2006
Traffic.com, Inc.
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