In this joint venture, Peek will design traffic control products that work in conjunction with Telvent’s user-friendly interface to streamline road operations for mid- and large- size cities’ traffic operations. By combining Telvent’s intelligent transportation systems with Peek’s innovative traffic control equipment, the two companies say they will provide clients an enhanced product that is more reliable and economical.
Additionally, Peek and Telvent will conduct joint research and development efforts, towards designing the ‘next generation traffic control system’ that will allow operators to optimise the traffic control in real-time. This next generation system will assist operators in preparing to quickly and effectively respond to any emergency situation occurring within the infrastructure, which will lead to a decrease in accidents and an increase in user safety.
According to Telvent’s CEO, Ignacio Gonzalez, “Telvent is excited to form a partnership with one of the leading providers of traffic management equipment. In collaboration, both firms will continue to provide transportation services that demonstrate a long history of expertise and cost effective transportation solutions throughout North America.”“The enhanced compatibility between the two companies will allow for an integrated and distributed adaptive control system” added Alejandro Brunell, Peek Traffic Corporation CEO.