Parsons and Neology Partner to Pursue Smart Mobility Opportunities
The combination of Parsons' ability to scale technological solutions in large transportation jobs with Neology's innovative technology solutions enables state and local agencies to deliver more value to their citizens. The partnership expands Parsons footprint in the tolling, public safety, and law enforcement markets. Through this strategic partnership governments will have more innovative options when needing to raise revenues through tolling or congestion pricing, or when seeking to improve the safety, security and sustainability of their critical infrastructure,
"Our partnership opens previously untapped market potential in the mobility and critical infrastructure spaces, allowing both companies to continue helping governments succeed at their mission of serving their citizens," said
Neology is a leading provider of technology and systems for growing markets including tolling, congestion pricing, electronic vehicle registration, pubic safety, and other markets. As an industry-leading 6C original equipment manufacturer and software developer, Neology designs and develops products used in more than 5,000 lanes and most electronic toll collection systems across the world. Neology's product line-up includes automatic license plate recognition cameras, radio frequency identification (RFID) readers, license plate recognition systems and software utilizing cutting edge artificial intelligence, vehicle detection and classification systems, and RFID transponders.
"Neology is excited to work with Parsons in developing new opportunities and solutions in these growing markets. By working with Parsons, Neology is able to leverage our best in class technology and participate on significant projects," said
Parsons takes an integrated approach to design, delivery, and protection of critical infrastructure assets to optimized efficiency and durability. With the global increase of connected infrastructure, the company uses our diverse expertise in artificial intelligence, machine learning, cybersecurity, and autonomous systems to develop state-of-the-art solutions that help make the world safer, healthier, and more connected.
Neology is a leading provider of integrated, end-to-end solutions for the tolling, electronic vehicle registration (EVR) and public safety markets. The company is a pioneer and leader in the development of passive RFID technology, owning some of the earliest and most significant intellectual property (IP) in the industry. For more information, visit www.neology.net.
Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the
Investor Relations Contact:
+ 1 571.655.8264
View original content to download multimedia:http://www.prnewswire.com/news-releases/parsons-and-neology-partner-to-pursue-smart-mobility-opportunities-301097087.html