Articles from Umovity

Umovity, the joint brand uniting Econolite and PTV Group – together with Tatweer, a leading provider of professional engineering services and innovative smart mobility technologies – have successfully deployed the first adaptive ramp metering system in the Middle East. Installed on Sheikh Zayed bin Sultan Street, one of Abu Dhabi’s busiest corridors, the system uses real-time data to regulate traffic entering the highway – reducing congestion, delivering environmental benefits, improving travel reliability, and unlocking estimated savings of up to $2.6 million annually in delay-related costs.

Umovity today announced that Andy Myers, currently Chief Financial Officer, will assume the role of Chief Executive Officer effective 1 October. Christian U. Haas will step down after six years as CEO and join the Advisory Board.

The global leader for end-to-end traffic management and transportation technology, Umovity, and industry leading AI Intelligent Transportation System (ITS) provider, Derq, today announced their collaboration and first joint solution at ITS America Conference & Expo in Phoenix, AZ. By linking Derq’s INSIGHT, the company’s automated safety performance monitoring application with Econolite’s industry-leading cloud-based Advanced Transportation Management System (ATMS), Centracs® Mobility, the two companies deliver a strong traffic management solution which utilizes Artificial Intelligence (AI) to increase safety for all road users.

Umovity and PTV Logistics, along with backers Bridgepoint, the quoted private assets growth investor, and Porsche Automobile Holding SE (“Porsche SE”) and their advisory board, announced today further investment through strengthening the financial structure of these two distinct groups by designating new appointments.

PTV, Econolite, and Conundra, along with backers Bridgepoint, the quoted private assets growth investor, and Porsche Automobile Holding SE (“Porsche SE”) announced today the further integration and strategic reorganization of PTV, Econolite, and Conundra into two strong and distinct businesses serving their respective end markets Mobility and Logistics.