Jointly Developed, the State-of-the-Art System Delivers Significant Cost and Reliability Benefits over Legacy In-ground and Above-ground Detection Systems
Dublin, Calif. – September 13, 2022 –
AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, and Intetra, a premier provider of end-to-end solutions for Intelligent Transportation Systems (ITS) and Electronic Toll Collection Systems (ETC), today announced the development and deployment of their state-of-the-art lidar-based tolling solution. The automated tolling system, powered by AEye’s 4Sight™ Intelligent Sensing Platform, provides greater reliability at a lower-cost over inductive loop systems and other above-ground detection modalities, including camera and radar. Intetra is deploying the new automated tolling system in Turkey and Kazakhstan, with the intention of expanding the relationship to include other ITS applications and geographies globally.