AI-based traffic management platform to aid in real-time, automated incident identification, crash prediction and forecasting
COLUMBIA, MD / ACCESSWIRE / September 9, 2021 / Rekor Systems, Inc, (NASDAQ:REKR) (“Rekor” or the “Company”), a global AI technology company with a mission to provide intelligent infrastructure and insights that build safer, smarter and more efficient cities around the world, today announced that its Waycare Technologies subsidiary has been selected by the Louisiana Department of Transportation and Development (LaDOTD) for a pilot program to help reduce congestion and collisions in the Baton Rouge area and promote speed harmonization for a safer driver experience. The initial deployment, which kicked off July 15, 2021, focuses on some of the region’s most dangerous sections of highway: Interstate 10 (“I-10”) and Interstate 12 (“I-12”).
“Rekor has seen a sharp increase in demand from government agencies for real-time, AI driven insights from roadways,” said Robert Berman, president and CEO, Rekor. “The actionable insights derived from this platform, enables a broad set of applications for regional and state government departments and agencies to build smarter and safer cities. From traffic management and public safety to smart parking and citizen experience, Rekor is helping our government customers meet their respective missions.”
The Company will use its powerful AI algorithms and machine learning to analyze large data sets from various Louisiana agency sources as well as mobile apps, connected vehicles, and third-party systems to produce actionable traffic safety insights. To aid in this real-time, automated incident identification, crash prediction and forecasting, the company’s all-in-one traffic management platform has been integrated into LaDOTD’s Traffic Management Center (TMC) and Motorist Assist Patrol (MAP), providing the agency with collaborative tools for more efficient responses and planning. This application is a model for Rekor’s expanded focus on providing government customers with intelligent infrastructure and insights to build smarter, safer cities.
LaDOTD Secretary Dr. Shawn Wilson said of the program, “We are thrilled to kick off our deployment to investigate approaches to alleviating traffic congestion and improving road safety, especially on critical traffic corridors like I-10 and I-12. This deployment is designed to help improve driver commutes and reduce incidents, all the while bringing cutting-edge technology into the fold.”
As a result of the company’s numerous connected vehicle partnerships, LaDOTD will gain access to useful insights into driver behaviors and road incidents. With planned construction imminent along the I-10 and I-12 corridors, the pilot program will serve as a useful test to see how such technology can support travel demand management in the region. The pilot program is a typical first step for states to apply lessons learned before moving to a broader deployment.
“In just one month, we’re already integrating deidentified data from almost 14% of vehicles driving in the state of Louisiana,” said Paul-Matthew Zamsky, Strategic Partnerships, Rekor. “We are helping to increase LaDOTD’s roadway visibility by connecting to infrastructure to help manage transportation and communicate better in real-time.”
Uplisting Highlights Continued Progress of the Company’s Turnaround Plan
JUPITER, FL / ACCESSWIRE /September 1, 2021 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS)(OTCQB:TLSS), (“TLSS”, or the “Company”), a full-service logistics and transportation provider, today announced that on August 31, 2021 its common stock was approved for quotation on the OTC Markets Group, Inc.’s OTCQB® tier Venture Market (the “OTCQB”) under the symbol “TLSS,” effective as of the open of trading on September 1, 2021.
According to CEO John Mercadante, “Uplisting to the OTCQB is an important milestone for the Company and yet another indication that the restructuring and turnaround plan implemented in 2020 has the Company headed in the right direction. We believe that the broader exposure generally afforded by the OTCQB has the potential to increase our visibility within the investment community and assist in broadening our stockholder base.”
The OTCQB is the middle tier of the over-the-counter market for US stocks and is designed for early-stage and developing companies located both in the United States and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting, undergo an annual verification and management certification process and meet other requirements. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities.
About Transportation and Logistics Systems, Inc.
TLSS, through its wholly-owned operating subsidiaries, Shyp FX, Inc. and Cougar Express, Inc., operates as a full-service logistics and transportation company.
Statements in this press release regarding the Company that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not directly or exclusively relate to historical facts. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “intend,” “plan,” “goal,” “seek,” “strategy,” “future,” “likely,” “believes,” “estimates,” “projects,” “forecasts,” “predicts,” “potential,” or the negative of those terms, and similar expressions and comparable terminology. These include, but are not limited to, statements relating to future events or our future financial and operating results, plans, objectives, expectations and intentions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these expectations may not be achieved. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to known and unknown risks, uncertainties and other factors outside of our control that could cause our actual results, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. In addition to the
The town of Avon is preparing to host its annual July 3 Salute to the USA event on Saturday at Harry A. Nottingham Park. The event will kick off at 5 p.m. and go until 10 p.m.
The town is recommending public transportation to get to and from the event. If you drive, parking will be available at the Beaver Creek Bear Lots. Expect long delays.
The following roads will be closed on Saturday, June 3:
Lake Street: 6 a.m. to 11 p.m.
Mikaela Way: 6 a.m. to 11 p.m.
West Benchmark Road at Avon Station: 6 a.m. to 4 p.m.
West Benchmark Road at Avon Road: 4-11 p.m.
Riverfront Lane: 6 a.m. to 11 p.m.
Sun Road: 9:30-11 p.m.
On Saturday, all Avon buses and shuttles will arrive and depart from the Avon Station, with the following updates:
The town of Avon transit department will operate the Red and Blue Lines from 6:30 a.m. to 8 p.m.
The Avon Night Rider will operate from the conclusion of the fireworks to 10:30 p.m.
Avon Transit will run off-schedule all day.
Lake Street and Comfort Inn bus stops are closed.
Avon will provide fare-free event shuttles as outlined below:
To and from Beaver Creek: Avon shuttles will run every 30-minutes between Avon Station and the Elk and Bear lots between 5 p.m. and 8 p.m. and between 10 p.m. and 11 p.m. Guests who park at the Elk and Bear lots after 8 p.m. will walk to Harry A. Nottingham Park, about a 10-minute walk.
To and from EagleVail: Avon shuttles will run every 30 minutes between Avon Station and the EagleVail Community Center between 5 and 8 p.m. and between 10 and 11 p.m.
To and from Vail: Avon shuttles will run every 30 minutes between Avon Station and Walmart Station between 5 and 8 p.m. and 10 and 11 p.m.
To and from Edwards: Avon shuttles will run every 30 minutes between Avon Station and Freedom Park from Avon Station between 5 and 8 p.m. and between 10 and 11 p.m.
Eco Transit will offer regular service between Vail and Walmart Station, Eagle/Gypsum and Avon Station.
Fare-free service will be provided beginning at 3 p.m. until the end of the day.
Questions should be directed to call ECO Transit at 970-328-3520.
Parking for the event is limited and on a first-come, first-served basis and available at the following locations:
Designated on-street parking locations,
Beaver Creek Bear Lot,
Designated private parking lots,
Or, by permit only.
Beginning at 9:45 p.m. loSaturday, June 3, all vehicular traffic will be directed eastbound on Highway 6 from Avon Road and westbound on Highway 6 from West Beaver Creek Blvd.
For more information on the Avon impacts, contact the town of Avon at 970-748-4000.
NEW MEXICO (KRQE) – New Mexico tribes will receive $674,279 in grants from the U.S. Department of Transportation to fund tribal public transportation systems for their communities.
U.S. Senators Tom Udall and Martin Heinrich along with U.S. State Representatives Ben Ray Lujan, Deb Haaland and Xochitl Torres Small made the announcement Monday.
The funds are part of the $2 trillion Coronavirus Aid, Relief and Economic Security Act that the New Mexico delegation voted to pass in Congress last week. The grants are part of $2 billion in emergency supplemental funding for federal programs benefiting Indian tribes.
CARES Act also established an $8 billion Tribal Coronavirus Relief Fund to make sure Tribes have “one-stop” access to resources.
“Tribes have made it abundantly clear that the effects of COVID-19 on Indian Country will be devastating if they do not receive necessary public health, economic stabilization, and infrastructure resources. As Tribally-owned and operated businesses are forced to shutter to slow the spread of the novel coronavirus, the federal government must now more than ever stand shoulder to should with Tribal governments to continue to provide essential services. Reliable access to transportation is especially important for Tribal communities during this public health crisis so that families can get the resources and health care they need, especially because transportation infrastructure in many Tribal communities is severely inadequate and in disrepair. This additional funding is a step in the right direction. As the vice-chairman of the Senate Indian Affairs Committee, I will keep working to ensure Tribal communities have the full support of the federal government to stay healthy and financially afloat in this challenging time.”
U.S. Sen. Tom Udall (D-N.M.)
“Tribal governments are facing unique challenges during the coronavirus pandemic. In addition to confronting a public health crisis with already strapped medical resources, they are also losing much of the revenue they rely on from Tribal enterprises disappearing. This federal funding support will help make up some of those losses and ensure tribal communities can continue maintaining their transportation services, which is absolutely critical right now for connecting health care workers to those who need medical attention. I will continue doing everything I can to deliver the lifesaving resources tribes in New Mexico need to get through this emergency and rebuild thriving communities when it is over.”
U.S. Sen. Martin Heinrich (D-N.M.)
“Tribes are among the hardest hit of the COVID-19 pandemic, and it’s critical that we support investments that will support Indian Country’s public health, economy, and infrastructure. This critical grant for Tribal Nations will help keep essential services running during this public health crisis. As Congress negotiates another coronavirus response package, I am continuing to work with Tribal leaders to address the needs of their communities.”
U.S. Rep. Ben Ray Luján (D-N.M.)
“Transportation infrastructure is important to ensuring Native Americans have access to the health care and resources to combat the coronavirus, however, Tribes have been left behind for decades. The delegation and I worked hard to make sure the transportation funding available
CAMBRIDGE, England & BOSTON–(BUSINESS WIRE)–Bicycle Therapeutics plc (NASDAQ: BCYC), a biotechnology company pioneering a new and differentiated class of therapeutics based on its proprietary bicyclic peptide (Bicycle®) technology, today announced progress updates across its wholly-owned and partnered programs in oncology and non-oncology indications.
“We and our partners have recently achieved important progress in the advancement of our pipeline that we believe could catalyze the next stage of growth for Bicycle,” said Kevin Lee, Ph.D., Chief Executive Officer of Bicycle Therapeutics. “Cancer Research UK has identified a recommended dose, which is within the therapeutic range predicted by preclinical models, for the Phase IIa study of BT1718, which we expect to commence this year. Our next-generation Bicycle Toxin Conjugates (BTCs), BT5528 and BT8009, are quickly progressing through respective stages of development. In addition, we believe our recently announced early discovery collaboration with Genentech will allow us to make considerable investments in expanding our portfolio of immuno-oncology assets, including our wholly-owned programs nearing late preclinical development. Beyond oncology, we continue to make progress on our partnered programs and to execute on our strategy of leveraging our collaborators’ expertise in specific therapeutic areas to advance the development of Bicycle-based medicines across a broad range of serious diseases.”
Dr. Lee continued: “While we expect that the evolving COVID-19 pandemic may impact the pace of clinical development, at this time, we believe the strong progress we’ve achieved across our pipeline to date will enable us to reach our anticipated 2020 milestones as planned.”
BT1718, a potential first-in-class BTC targeting key tumor antigen MT1-MMP
Cancer Research UK Completed Phase I Dose Escalation of BT1718 in Patients with Solid Tumors, Established Recommended Phase II Dose (RP2D) at 20 mg/m2. The key objectives were met in a Phase I dose escalation sponsored by Cancer Research UK and evaluating safety and tolerability of BT1718 in an unselected group of patients with advanced solid tumors. Based on study results, Cancer Research UK established an RP2D for the expansion cohorts at 20 mg/m2 administered once weekly. This recommended dose is within the efficacious dose range predicted by preclinical models, in which an equivalent dose level was associated with complete responses. With once-weekly dosing, BT1718 appeared tolerable, with manageable adverse events.
Though not a key objective of the Phase I portion of the Phase I/IIa study, preliminary signs of anti-tumor activity were observed during the dose escalation. As reported at the European Society of Medical Oncology (ESMO) 2019 Annual Congress, 13 of 24 evaluable patients (54%) had stable disease at the eight-week timepoint, including a patient who experienced a 45% reduction in a target lesion, with findings generally remaining consistent as the trial progressed. Today, Bicycle announced that, in addition, one patient with small cell lung cancer experienced a partial response, with a 68% reduction in a target lesion.
The Company anticipates that Cancer Research UK will initiate the Phase IIa portion of the Phase I/IIa study of BT1718 in 2020, although timing may be