London, November 29, 2022. Valerann, a global leader in intelligent road traffic management solutions (ITS), signs distribution agreements with Signal Services Inc. and Traffic Control Products Inc.
With signing contracts with SSI Inc., a leading engineering firm in the transportation sector, and TCP Inc., a leading distributor of traffic device control equipment, Valerann further expands its partner eco system in the US. Road and traffic control operators in Indiana, Pennsylvania, Delaware, New Jersey, New York, Virginia, and Ohio will benefit from local sales and technical assistance with deployments of Lanternn by Valerann™ - Valerann’s advanced traffic monitoring and analytics solution.
The $25Bn value of the US transportation sector economy is largely reliant on the largest road network in the world, consisting of nearly 7 million km, or ~10% of global roads. Nearly 75% of US truck freight is carried through the Interstate system. Efficient road maintenance and seamless motorway operations are paramount to the US economy.
Lanternn by Valerann™ is an advanced traffic monitoring and data analytics platform that empowers road operators to take accurate and timely data driven decision. The platform ingests and analyzes multiple available disparate data sources from the existing road infrastructure (cameras, radars, loops, sensors), floating cars, crowdsourcing apps (social media, Waze) and weather data. Through cleansing these large volumes of data, cross-referencing and cross-verifying road incidents, removing duplications and through applying sophisticated AI algorithms, it improves road operators’ situational awareness, and equips road operators with a comprehensive overview of real-time road traffic network conditions.
“We are pleased to sign agreements with SSI and TCP. We believe their market knowledge and technical expertise will be beneficial to US road operators and Departments of Transportation. – says Matthew Cooper, VP Market Development North America. “SSI and TCP's strong presence and reputation are a testament to their performance and we are excited to ally ourselves together. The market needs quality solutions and we are jointly bringing an industry-leading one to the fore.”
“Signal Service and Traffic Control Products are both excited with the future possibilities that this partnership opens for both of our organizations”, says President Ryan S. Brown. “As a leader in the ITS space, we are proud to partner with fellow rapidly scaling organizations in a growing marketplace, and are excited with what is to come”
About Valerann Ltd
A global leader in intelligent road traffic management solutions (ITS), Valerann is redefining modern mobility and roadway operations through enabling actionable, accurate and timely data-driven decision-making. By using information from multiple disparate sources and leveraging sophisticated proprietary AI and computer vision algorithms, we extract value from Big Data delivering a clear and comprehensive vision of the entire road situation in real-time. We provide roadway operators with bespoke insights and empower them to deliver on their objectives. Established in 2016, Valerann has offices in the UK, Israel, Germany, Spain and the US and is working with customers worldwide.
For additional information, visit: https://www.valerann.com, follow us on our official LinkedIn channel. For press enquiries, please contact press@valerann.com.
About Signal Service and Traffic Control Products Inc.
As the local market leader in the ITS space we are proud to represent the solutions and products that allow us to be on the cutting edge of technology. With a combined staff of 65 talented professionals, we represent the market with a depth of penetration that has allowed us to successfully scale in the past 7 years. Presently our organization is poised to take the next step in growth with this new partnership.
For additional information, visit https://www.signalservice.com and https://www.traffcon.com or follow us on our LinkedIn channels.
