Expanded Real-Time Probe Data for 50 Metropolitan Areas Widens Traffic.com Lead in Comprehensive Nationwide Coverage; Emphasis
August 16 2006 - 2:41PM
Business Wire
Traffic.com, Inc. (NASDAQ:TRFC), the leading provider of
personalized traffic information for drivers coast to coast, today
announced that it has expanded its use of location-based, real-time
probe data in all of its 50 metropolitan areas. This enhanced
integration extends Traffic.com's detailed coverage to arterial
roadways and side-streets and broadens its comprehensive data
sourcing and advanced collection methods. Increasing
multiple-source coverage across the nation widens Traffic.com's
lead position as the industry standard in delivering the most
accurate and comprehensive traffic services to businesses and
consumers in the United States. Probe data, defined as anonymous,
location-based data delivered from GPS-enabled vehicles, toll tags,
and cellular signaling, adds to a myriad of select data resources
collected by Traffic.com. The value of expanded probe data usage
comes from the fact that it is leveraged with Traffic.com's
industry leading breadth of real-time traffic information.
Traffic.com is the only company that integrates data from a
proprietary network of digital roadside sensors, agency data shared
by government partners, and state-of-the-art event and accident
information gathered through Traffic.com's local operations centers
based across the country. "Traffic.com is the largest integrator of
real-time traffic data sources in the country," said Joseph Reed,
chief information officer, Traffic.com. "The manner in which we
collect, process and distribute information is widely recognized as
unique and superior in the industry. We maintain the highest
standards to expertly evaluate all data sources and we consistently
ensure that we make only the highest quality, most accurate
products available to our partners and consumers." Through its
proprietary Traffic Information Management System (TIMS),
Traffic.com collects, aggregates, and normalizes data from numerous
diverse sources and distributes traffic information across multiple
platforms, including hundreds of broadcast clients and millions of
consumers via the Web. TIMS, a sophisticated, highly-scalable
processing engine which houses the nation's largest database of
real-time, historical and predictive traffic data, has many
patent-pending technologies and powers the advanced algorithms that
supply the only truly real-time, accurate traffic information
available in the market today. Based on TIMS technology and its
incomparable database of traffic data, Traffic.com is able to
combine and analyze various factors and apply high-end algorithms
to billions of data points to predict traffic trends before they
happen. Launched to consumers in 2005, the Jam Factor(R) trending
tool represents the easiest to use, most visible of Traffic.com's
family of predictive products, available at www.traffic.com.
Drivers can utilize this information to assess conditions and make
informed decisions on optimal travel routes based on a simple and
quick glance. With delivering top-quality products as a driving
factor, Traffic.com launched its Data Excellence Program to
continually increase and evaluate breadth and depth of coverage,
resulting in the provision of world-class traffic solutions.
Through years of pioneering research, rigorous testing, and
constant assessment of multiple sources of data, the Data
Excellence Program has resulted in achieving the most
comprehensive, accurate traffic solutions for businesses and
consumers across the nation. "Careful and determined evaluation of
data sources is a fundamental part of our value proposition," Reed
added. "For example, each day we are processing millions of points
of probe data. Through our stringent quality assurance processes,
we are able to precisely pull out the probe data that is irrelevant
and can significantly degrade the accuracy of results, such as a
delivery truck parked during lunch hour or stopped at a service
plaza. Traffic.com only includes the data that absolutely reflects
what is happening on the roads." About Traffic.com Traffic.com(R)
is the leading provider of personalized traffic information for
drivers coast to coast. Through the industry's most comprehensive
data collection infrastructure, Traffic.com offers consumers
real-time customized traffic reports in 50 metropolitan areas.
These personalized consumer reports are complete with predictive
traffic trends, vehicle speeds, congestion levels, travel times,
and delay times delivered via web, wireless device, radio,
television, and in-vehicle navigation systems. Traffic.com's
ability to distribute traffic information via specialized data
feeds and across multiple platforms creates unique, cross-platform
branding opportunities for advertisers, enabling them to expand
their reach and target consumers with useful, relevant content
multiple times per day. Traffic.com's growing list of business
partners includes AOL, Microsoft, The Weather Channel(R), Comcast,
Garmin International Inc., Motorola's VIAMOTO(TM) Solutions, and XM
Satellite Radio. trfc-g Forward-Looking Statement This press
release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Because these
statements apply to future events, they are subject to risks and
uncertainties that could cause actual results to differ materially,
including Traffic.com's history of operating losses, risks
associated with its recently expanded business model, the
substantial competition it faces, its ability to maintain
advertiser relationships and attract additional advertisers, its
dependency on government contracts, possible failure of its traffic
information management system, and failure to protect its
intellectual property or to defend against intellectual property
claims of others. These and other risks are described in greater
detail in Traffic.com's filings with the Securities and Exchange
Commission. Traffic.com may not actually achieve the goals or plans
described in its forward-looking statements, and investors should
not place undue reliance on these statements. Traffic.com disclaims
any intent or obligation to update any forward-looking statements
as a result of developments occurring after the date of this press
release. The Traffic.com logo is a trademark and Traffic.com and
Jam Factor are registered trademarks of Traffic.com, Inc. All other
product or service names or marks are the property of their
respective owners. (C) Traffic.com, Inc. 2006
Traffic (NASDAQ:TRFC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Traffic (NASDAQ:TRFC)
Historical Stock Chart
From Nov 2023 to Nov 2024