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Redflex Purchases RoadMetric

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SOUTH MELBOURNE, Australia, Dec. 1, 2020 — Redflex Traffic Systems, an Australian developer of intelligent traffic management solutions, acquired RoadMetric Ltd.’s brand and intellectual property, including machine vision analytics software and artificial intelligence tools. The acquisition aims to accelerate Redflex’s entry into the AI and computer vision markets. The acquisition includes RoadMetric’s AI platform, which is supported by seven granted and eight pending patents. The agreement also includes the hiring of key RoadMetric personnel qualified in computer vision, research and development, electronics,...Read full article

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    Published: December 2020
    Glossary
    machine vision
    Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
    computer vision
    Computer vision enables computers to interpret and make decisions based on visual data, such as images and videos. It involves the development of algorithms, techniques, and systems that enable machines to gain an understanding of the visual world, similar to how humans perceive and interpret visual information. Key aspects and tasks within computer vision include: Image recognition: Identifying and categorizing objects, scenes, or patterns within images. This involves training algorithms...
    artificial intelligence
    The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning, and problem solving.
    Businessmachine visiontraffictraffic monitoringtraffic applicationscomputer visionartificial intelligenceRedflex Traffic SystemsRoadMetricAsia-Pacific

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