I am Cristian U Haas, CEO of Umovity. The Umovity brand is a collaboration between PTV Group and Econolite, two market leaders. We attended the World Intelligent Transportation Congress held in Suzhou, China.
Our traffic software and hardware tools are used by thousands of cities and traffic experts on six continents. By combining the PTV series of traffic software with Econolite hardware, Umovity can truly provide end-to-end technical services for intelligent, safe, and sustainable transportation.
Wherever you are, our software and hardware solutions can provide comprehensive technical support for the transportation sector. Umovity's powerful products include market-leading modeling and simulation software, lightweight and application-focused SaaS products, as well as state-of-the-art cabinets, controllers, systems, and sensors. Our traffic technology solutions cover a full range from strategic traffic planning, traffic management, and prediction to on-site traffic control optimization, regardless of the specific circumstances, space, or time requirements of the project.
We provide innovative tools to make traffic networks more convenient, sustainable, efficient, and safe. The core of our technology is data and algorithms.
Both Econolite and PTV Group have decades of experience using data to change traffic travel. Umovity, formed by the integration of these two brands, takes this experience to a new level. It is not only the integration and data complementation between hardware and software but also the collaborative cooperation between different solutions. We will continue to invest to expand our data foundation.
We recently collaborated with the Overture Map Foundation to create a new standard for open map data. This project aims to accelerate and simplify the model development process, and we are excited to contribute our expertise.
Another important development direction for our Umovity product is the integration of artificial intelligence and machine learning. These technologies are crucial to our strategy, and we strengthen our modeling and prediction software using machine learning and big data methods, which can be used to improve the spatial distribution and mode decision of travel needs.
In terms of real-time traffic management, PTV Group's software combines machine learning technology with dynamic traffic modeling to provide real-time traffic information and detailed traffic forecasts for up to 60 minutes.
But we know that the true value of technology lies in the people who use it. That's why our development prioritizes collaboration, interoperability, and customer-centricity. Under the Umovity brand, PTV and Econolite are committed to providing tools, services, and inspiration to change how people travel for the better.
The future of traffic technology is bright, and we look forward to leading this path together with our partners and customers.
