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Federal Signal Corporation's Safety and Security Systems Group's PIPS Technology subsidiary has entered into a cooperative marketing agreement with 3M Corporation to provide an electronic vehicle registration (EVR) solution to the transportation market segment.
The PIPS and 3M solution improves compliance with the vehicle registration process, and it provides revenue to governments to help improve transportation systems. 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.
Turnkey solution
EVR is a fully integrated, turnkey solution that incorporates automated licence/number plate recognition technology from PIPS and passive 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 first EVR system deployed by PIPS and 3M is online in Bermuda. Bermuda was losing nearly US$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%, according to estimates from Bermuda's Ministry of Tourism and Transport.
For additional information:
· Visit 3M Traffic Safety Division at http://www.3m.com/tss
· Visit PIPS Technology at http://www.pipstechnology.com
Source: Federal Signal Corporation's Safety and Security Systems Group
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