Technology

LYT ANNOUNCES LATEST INNOVATION IN INTELLIGENT CONNECTED TRAFFIC TECHNOLOGY WITH ROUTE PREDICTION SIGNAL PREEMPTION FOR FIRST RESPONDERS

Published

2 days ago

October 21, 2024

Adding to the LYT.emergency platform, Route Prediction™ leverages advanced AI to predict and optimize the timing of greens lights along the entire path of emergency vehicles en route to incidents

SANTA CLARA, Calif, Oct. 21, 2024 /PRNewswire/ — LYT, a leader in NextGen intelligent connected traffic technology solutions, announced today the launch of Route Prediction TM, a groundbreaking addition to its LYT.emergency solution. Available as an optional add-on module for new and existing LYT.emergency customers, this innovative AI-powered system further modernizes emergency vehicle preemption (EVP), addressing longstanding challenges faced by first responders and traffic engineers alike.

Optimizing Emergency Response

Route Prediction ™ leverages advanced artificial intelligence to predict and optimize the timely change of critical traffic lights, known as preemption, clearing a vital path well in advance of emergency vehicles en route to incidents. By preempting only the necessary traffic signals along the anticipated route, the system ensures a safer, faster journey for first responders while minimizing disruptions to regular traffic flow. Emergency vehicle preemption refers to a system that allows emergency vehicles to temporarily override normal traffic signal operations, giving them priority at intersections.

Route Prediction ™ offers a suite of key features and benefits that make it the premier solution for emergency vehicle preemption. By improving safety for first responders, pedestrians, and general traffic, the system significantly enhances response times while reducing costs, collisions, and other disruptions to normal traffic flow.

The platform provides a comprehensive bird’s-eye view of the city, allowing officials to monitor all vehicles and preemptions in real-time. This visual representation extends to the predicted routes, giving operators unprecedented insight into the system’s operation.

Empowering & Creating Safer Cities

One of Route Prediction’s standout features is its customizable business rules, empowering cities with full control over preemption parameters. As a turnkey, budget-friendly solution, it requires no maintenance and operates without additional hardware, ensuring seamless integration and automatic updates. Traffic engineers and first responders alike benefit from the ability to view detailed traffic timing and preemption history at any connected intersection, enhancing overall system transparency and effectiveness.

Route predicted preemption directly addresses two critical industry pain points. First, it tackles the challenge of intersection safety by accounting for pedestrians and surrounding traffic, ensuring a clear and safe path for emergency vehicles. The system adjusts traffic signals well in advance, allowing ample time for pedestrians to cross and traffic to clear before first responders arrive.

Emergency vehicle accidents are a significant problem in the United States. According to the National Safety Council, in 2022, 224 people died in crashes involving emergency vehicles. Half of these deaths were occupants of non-emergency vehicles (50%). Deaths among pedestrians accounted for another 22%, while emergency vehicle drivers represented 16% and emergency vehicle passengers accounted for about 8% of the deaths.

Second, it eliminates the problem of unnecessary preemptions that often plague traditional systems. By activating only the signals along the predicted route and continuously updating this path using AI, Route Prediction ™ significantly reduces disruptive false preemptions. This targeted approach maintains normal traffic patterns in unaffected areas, preserving overall traffic flow efficiency and addressing a major concern of traffic engineers.

“In today’s rapidly evolving urban landscapes, the integration of AI and advanced technology in traffic management is a true necessity,” said Tim Menard, CEO and Founder of LYT. “Our Route Prediction ™ solution represents a significant leap forward in creating safer intersections for first responders, pedestrians, and all road users. By harnessing the power of AI, we’re able to anticipate and clear emergency routes with unprecedented precision, dramatically reducing the risk of accidents and improving response times. This technology doesn’t just benefit emergency services; it creates a ripple effect of positive outcomes for entire communities. As we continue to innovate, we’re committed to building technology that serves the greater good, creating urban communities that are safer and more responsive to the needs of all.”

About LYT

LYT is the leading provider of smart cities NextGen intelligent connected traffic technologies that orchestrates today’s Intelligent Transportation Systems. LYT’s AI-powered, open architecture, machine learning technology enables a suite of transit signal priority and emergency vehicle preemption solutions that utilize pre-existing vehicle tracking sensors and city communication networks to dynamically adjust the phase and timing of traffic signals in real-time to provide sufficient green clearance time while minimally impacting cross traffic. LYT is headquartered in Silicon Valley and serves municipalities across the US and Canada. Learn more at LYT.ai.

Media Contact: 
John Richard
954-592-1201 

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SOURCE LYT

Technology

Fortune Reveals Fortune 500 Europe

Published

46 mins ago

October 23, 2024

Volkswagen at No. 1 leads Top Ten dominated by car makers, energy

Germany leads country count; Financials leads all sectors on the 2024 ranking with 100 companies

Fortune 500 Europe list launched in conjunction with Fortune CEO Forum 2024 in London, convening 40 CEOs for invitation-only event

LONDON, Oct. 23, 2024 /PRNewswire/ — Today, Fortune unveiled the Fortune 500 Europe, the world’s most authoritative ranking of Europe’s largest companies by revenue. Volkswagen claimed the top spot on the Fortune 500 Europe list, with $348 billion in revenue, up 19%, and taking over from Shell, whose revenues fell 16%. While Germany had the largest total of companies from a single country, the Fortune 500 Europe includes companies from 24 different countries in the region.

More than half of all 500 companies come from just 4 countries: Germany (79), UK (77), France (67) and Switzerland (36). But the Franco-German axis is creaking. The region’s most profitable companies are now in Belgium, Switzerland, Norway, and Ireland. In southern Europe, Spain’s and Italy’s companies are marginally more profitable than the region overall.

The Fortune 500 Europe Top 10 List:

Volkswagen (Germany)Shell (UK)TotalEnergies (France)Glencore (Switzerland) BP (UK)Stellantis (Netherlands) BMW Group (Germany)Mercedes-Benz Group (Germany)Electricité de France (France)Banco Santander (Spain)

SEARCH HERE BY COUNTRY, SECTOR, INDUSTRY AND MORE

Grethe Schepers, Lists Director, Europe said, “The 2024 Fortune 500 Europe list highlights the good and the bad, illustrating pressures on innovation and competitiveness. Profits are up 7.6% but when it comes to diversity, women’s leadership is shrinking—female CEOs now lead just 6.2% of companies, down from 7% last year. The technology sector pales in comparison to the US, accounting for just 2% of all list revenue with profits and employment shrinking. Financials, however, staged a remarkable cyclical comeback boosted by higher interest rates.”

Alex Wood Morton, Executive Editor, Europe added, “Europe is at a crossroads. This year’s list has echoes of the Fortune 500 in America 20 years ago, when it was dominated by oil and gas and car makers. The challenge for European companies is innovation at scale–those that can adapt and embrace new technologies will gain the edge in an increasingly competitive global economy.”

This year’s Fortune 500 Europe list is being launched in conjunction with the Fortune CEO Forum 2024 in London (today), which will convene 40 CEOs for an exclusive and invitation-only event to discuss and dissect the business-critical themes at the top of every CEO’s agenda. The day’s session will address mastering AI responsibly, raising European competitiveness, the transition to green energy, and how to thrive in an ever-changing world for consumers and workers.

For the Fortune 500 Europe list, companies are ranked by total revenues for their latest available respective fiscal years. All companies on the list must publish financial data and report part or all of their figures to a government agency. The latest figures in the list are as reported by the companies; any comparisons are with the prior year’s figures as originally reported. Fortune does not restate the prior year’s figures for changes in accounting.

About Fortune:
Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world’s biggest companies and their leaders as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World’s Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum and Brainstorm Tech. For more information, visit fortune.com.

Media Contacts:
Patrick Reilly
Fortune
Patrick.Reilly@fortune.com

Aslesha Mehta
Fortune
aslesha.mehta@fortune.com

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Technology

JA Solar Empowers Renewable Energy Talent Development with Practical Training Program at Vietnam Electric Power University

Published

46 mins ago

October 23, 2024

BEIJING, Oct. 23, 2024 /PRNewswire/ — On October 2, JA Solar, a global leader in the photovoltaic (PV) industry, participated in a practical training course to university students in Vietnam, in a move to advance solar PV education and encourage innovation in renewable energy applications.

The course, titled “Management, Design, Construction, and Operation of Rooftop Solar Power Systems,” was part of a session organized by INPOS, a leading Vietnamese renewable energy technology company. The course was held in Electric Power University, a public university in Hanoi which is renowned in Vietnam for its excellence in electrical engineering and renewable energy studies, and is committed to cultivating a new generation of high-skilled talent equipped with both theoretical and practical expertise.

The course was designed to blend theoretical knowledge with practical skills, offering students from Vietnam’s top universities a unique, immersive experience in PV technology. More than 100 students participated in the program, gaining hands-on experience and a deeper understanding of solar technologies through JA Solar’s expertise.

As a global leader in the PV industry, JA Solar shared an insightful introduction on PV module performance, manufacturing processes, and the latest technological innovations, with highlights on the application of high-efficiency PV modules in various scenarios. In the Q&A part, students actively engaged with JA Solar experts in discussions. This dynamic learning environment not only sparked students’ interest but also provided a strong foundation for their future roles in the renewable energy sector.

JA Solar’s collaboration with INPOS and the Vietnam Electric Power University is a continuation of their strong partnership. Earlier this year, in April, JA Solar, together with INPOS, donated a mobile PV system to the university, supporting its research and education on renewable energy. This training program further solidifies their joint commitment to developing talent in the solar industry and advancing renewable energy technologies.

Aiqing Yang, Executive President of JA Solar, commented, “At JA Solar, we believe that nurturing the next generation of solar professionals is vital to the future of renewable energy. We are committed to talent development through various initiatives, including our investment in institutions like Xingtai Polytechnic Institute of New Energy. By partnering with universities such as Electric Power University, we strive to cultivate the skilled professionals needed for the long-term growth of the industry.”

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SOURCE JA Solar Technology Co., Ltd.

Technology

AI Governance Startup DAIKI GmbH Raises €1.5 Million in Seed Funding

Published

46 mins ago

October 23, 2024

VIENNA, Oct. 23, 2024 /PRNewswire/ — DAIKI GmbH, an AI governance and compliance solutions provider based in Vienna, has successfully secured €1.5 million in seed funding to support its European roll-out and further product development. The funding marks a significant milestone in Daiki’s mission to help businesses across Europe responsibly deploy AI.

Daiki offers a SaaS solution for AI governance and compliance with the EU AI Act and ISO standards, including ISO 13485 for medical device manufacturers. Built by a multidisciplinary team of experts, it offers an integrated document and quality management system (eQMS), streamlined processes for AI development, and an AI Copliot for successful AI implementation at scale.

Today, AI development involves complex legal, ethical, and technical issues that most organizations find difficult to manage. These challenges often slow down innovation and make it harder for organizations to fully benefit from AI. Daiki tackles these challenges through its SaaS platform that guides companies towards successful AI implementation, saving time and money spent on costly consultants so organizations can focus on achieving real results with AI.

After 18 months of bootstrapping, the company received €1.5 million in seed funding from Humanitas GmbH, an investment vehicle of Tarek Sherif. Tarek is the co-founder of Medidata Solutions, and current Chairman of Dassault Systèmes’ Life Sciences Sector Board. With the newly secured seed funding, Daiki will accelerate its development efforts, including a new AI model registry feature. The funds will also be used to scale the team and strengthen its market presence across Europe.

Daiki currently caters to the MedTech, healthcare, and manufacturing sectors, with a particular focus on the DACH region, the UK, the Netherlands, and Scandinavia. It also serves companies doing business in the EU, which are obligated to comply with the EU AI Act, across a broad range of industries. Daiki operates on a SaaS subscription model, with discounted rates offered to research institutes, NGOs, and the public sector. With significant market potential, the company also counts the University Hospital Basel and Seco Tools among its customers.

Led by CEO Kevin Michael Gibney, an international sales and marketing executive with extensive experience in high-tech SaaS startups, Daiki additionally benefits from an experienced Advisory Board. Its members represent a diverse range of expertise, featuring leaders in AI governance, philosophy, UX design, and life sciences innovation.

“To succeed in the European market, the effective and ethical development and deployment of AI must go hand in hand. Daiki demonstrates that, with the right technical tooling, it is possible to drive innovation, while at the same time meeting complex regulatory requirements,” commented Daiki Advisory Board member Paula Cipierre.

About Daiki
Daiki is an artificial intelligence startup based in Vienna. Daiki’s SaaS platform combines AI, legal, and ethics expertise, enabling companies to successfully implement AI-based projects while ensuring compliance with industry-specific, local, and international standards.

For more information, visit https://dai.ki

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