AI Combined With Video Technologies Brings Improved Driver Safety and Fleet Oversight Sought by Fleet Managers
MICT, Inc., announced that Micronet Ltd, an entity in which MICT owns 30%, has received U.S. Federal Communications Commission (FCC) authorization for its new advanced video telematics camera, The Smart Camera (“SmartCam”) for 2.4GHZ and 5GHZ.
With the launch of SmartCam, Micronet is penetrating the video telematics market, one of the fastest growing segments in the broader telematics market.
The first model in Micronet’s new, highly advanced video telematics camera product line, SmartCam offers using among other 3rd parties technologies, sophisticated video analytics for fleet managers. SmartCam integrates driver facing cameras, road facing cameras, vehicle mechanical and operating data, vehicle location, and a powerful telematics on-board computer, enabling local processing of artificial intelligence (AI) and image processing algorithms.
The SmartCam is joining the family of the new advanced Micronet’s products, SmarTab and SmartHub which are all based on an open software platform and Android operating system, enabling third party applications and easing development efforts for customers, while generating recurring software-as-a-service (SaaS) income for Micronet.
MICT’s CEO, Mr. David Lucatz stated, “SmartCam is a highly innovative product, integrating AI and video technologies to bring a new value proposition to telematics customers by further improving driver safety and increasing fleet manager insight. By launching SmartCam, Micronet expands its reach into the fastest growing segment of the multi-billion-dollar telematics market, while also increasing our Software-As-A-Service (SAAS) revenues through software and AI services.”