Aaron AupperleeThursday, October 13, 2022Print this page.
Rapid Flow Technologies, a traffic technology company co-founded by School of Computer Science Professor Stephen Smith and former Ph.D. student Gregory Barlow, has been acquired by Miovision, a Canadian company with a similar mission to the Carnegie Mellon University spinout.
Smith and Barlow founded Rapid Flow Technologies in 2015 to commercialize Surtrac, an adaptive traffic signal technology that uses artificial intelligence and advanced sensing. Surtrac was developed in the Robotics Institute and CMU's Traffic21 transportation research institute. The system reduces travel times by 25%, time spent waiting at signals by 40%, stops by 30% and emissions by 20%.
"We're excited about Rapid Flow Technologies joining forces with Miovision," Smith said. "With Miovision's presence and engineering expertise in the transportation and traffic industry, we believe our Surtrac technology can have a much greater transformational impact on future urban mobility and truly bring urban traffic control into the 21st century."
In 2021, Miovision became the exclusive Canadian distributor of Surtrac, calling the technology a powerful tool for improving traffic. Miovision and Rapid Flow Technologies previously collaborated on installations in Ontario and Massachusetts.
"Everyone here at Miovision is really excited to add the Surtrac capabilities to our platform and are equally excited to have the people that developed Surtrac join our engineering team," wrote Miovision CEO Kurtis McBride in a blog post announcing the acquisition.
More information about the acquisition is available on Miovision's website.
Aaron Aupperlee | 412-268-9068 | aaupperlee@cmu.edu