From aftermarketNews Staff & Wire Reports
UNIVERSITY PARK, Ill. — The PIPS Technology subsidiary of Federal Signal Corp.’s Safety and Security Systems Group has entered into a cooperative marketing agreement with 3M Corp. to provide an electronic vehicle registration (EVR) solution to the transportation market segment.
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 PIPS and 3M solution improves compliance with the vehicle registration process, and provides revenue to governments to help improve transportation systems, according to the two companies. 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.
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 percent according to estimates from Bermuda’s Ministry of Tourism and Transport.
For more information, visit: www.pipstechnology.com.