Put company on watchlist
Kapsch TrafficCom AG
ISIN: AT000KAPSCH9
WKN: A0MUZU
About
Company Snapshot
New: Activate notification
Be informed about new publications
New: AI Factsheet

Coming soon: Summary of the company message by AI/p>

Kapsch TrafficCom AG · ISIN: AT000KAPSCH9 · Newswire (Company)
Country: Österreich · Primary market: Austria · EQS NID: 2039557
28 November 2024 02:00AM

Kapsch TrafficCom reports GNSS viability for large-scale tolling



EQS-Media / 28.11.2024 / 02:00 CET/CEST

  1. Norwegian Proof of Concept conducted successfully
  2. Millions of kilometers of trips processed
  3. System scalability makes it viable for nationwide deployment
New Delhi, India,  November 28, 2024 – Kapsch TrafficCom reports findings of Road User Charging (RUC) Proof of Concept (PoC) in Oslo, Norway.
The initiative tested innovative solutions for distance-based road pricing with GNSS (Global Navigation Satellite System) technology as a sustainable alternative to traditional fuel taxes. This approach aims to address the decline in fuel tax revenues resulting from the shift to electric vehicles while ensuring fairness and accessibility for all road users.

Carolin Treichl, EVP EMENA at Kapsch TrafficCom, highlighted the project's innovation: “With this PoC, we are bringing together satellite tolling technology and Cooperative Intelligent Transport Systems in a way that has not been done before in Europe. With over 2 million kilometers of trips processed and a rate accuracy exceeding 99%, the PoC demonstrated the viability of a low-cost, flexible, and scalable RUC system that is based on GNSS technology.”

As countries worldwide, including Norway, advance their transition to electric vehicles (EVs), governments face significant challenges in maintaining infrastructure funding. Fuel tax revenues – a primary source of road maintenance funding – are projected to decline by more than 85% in Norway by 2050. Recognizing this issue, the Norwegian government has prioritized studying and implementing sustainable road usage charges based on the “polluter pays” principle.

The PoC leveraged a smartphone-based application paired with the GNSS tolling technology developed by Kapsch TrafficCom. The cloud-based, device-agnostic approach of Kapsch TrafficCom processes road usage data, calculates charges based on predefined tariffs, and delivers results with maximum accuracy, even in Norway's challenging road environments.

Results and Insights
The PoC encompassed:
  • Over 2 million kilometers of real and simulated trips
  • 80 million position data points processed, achieving a 99.5% rate accuracy
  • Successful adaptation to diverse conditions, including urban congestion, tunnels, and remote areas
These results underscore the system’s scalability, making it a sustainable solution for nationwide implementation. The PoC also aligns with broader trends in mobility, including demand management and connected vehicles. Its cloud-based architecture reduces CO₂ emissions by 85% compared to traditional systems, supporting global sustainability goals.

More information: Press | Kapsch TrafficCom

Sandra Bijelic 
Head of Corporate Communications 
Kapsch TrafficCom AG 
sandra.bijelic@kapsch.net 
 


End of Media Release


Issuer: Kapsch TrafficCom AG
Key word(s): Traffic

28.11.2024 CET/CEST This Press Release was distributed by EQS Group AG. www.eqs.com


Language: English
Company: Kapsch TrafficCom AG
Am Europlatz 2
1120 Vienna
Austria
Phone: +43 50811 1122
Fax: +43 50811 99 1122
E-mail: ir.kapschtraffic@kapsch.net
Internet: www.kapschtraffic.com
ISIN: AT000KAPSCH9
WKN: A0MUZU
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2039557

 
End of News EQS Media

2039557  28.11.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2039557&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
smart.AD

Trading Solutions for Professionals

  • 25 kinds of clusters
  • 26 world exchanges
  • 14 different charts
  • 58 necessary for analysis indicators
  • 50+ customized templates for charts


Get your free Demo today

Member of 3R/RSQ Network
Digital Content
Network Alliance
Transparency - Reliability - Credibility
Information regarding Product Information
Thursday, 28.11.2024, Calendar Week 48, 333rd day of the year, 33 days remaining until EoY.