LOS ANGELES, MEXICO / ACCESSWIRE / September 14, 2024 / Transit Pro Tech Inc. today announced that John Du, CEO of Transit Pro Tech ("The Company") will present at AREMA 2024 Annual Conference & Expo to be hosted by AREMA, from September 15-18, in Louisville, Kentucky. The annual conference and exposition hosted by the American Railway Engineering and Maintenance-of-Way Association (AREMA) is a highly significant event in the field of railway engineering and maintenance in North America. With a history dating back to the early 20th century, the conference attracts renowned exhibitors in the railway equipment industry, including global leaders such as Alstom, Siemens Mobility, and Wabtec Corporation. It also features companies specializing in maintenance equipment like Progress Rail, Plasser American, and Harsco Rail. Additionally, rail system suppliers such as Pandrol, L.B. Foster Company, and voestalpine Railway Systems are present at this prestigious event. ENSCO Rail and Trimble showcase their advanced technological solutions in communication and signaling systems within the railway engineering industry. The exposition encompasses trackwork, bridges, structures, communication and signaling systems, and maintenance methodologies, delivered through technical presentations and seminars. The product exhibition area showcases a wide range of products from track equipment to safety inspection technologies. Thematic discussions center on current industry hot topics such as railway safety, sustainability, and digital transformation. Networking events and student forums offer valuable opportunities for industry professionals and future talent to engage. The 2024 AREMA conference will feature keynote speakers Stephen Gardner, CEO of Amtrak, and Ed Harris, Chief Operating Officer of Canadian National Railway - both representing the pinnacle of passenger and freight rail companies with extensive experience offering valuable insights to attendees.
The company will take the opportunity at the Expo to showcase their advanced technology and solutions to the technical expertise, operators or peers in the rail transit industry. The company's solutions comprehensively cover various aspects, including track flaw detection, driver behavior monitoring, carriage passenger monitoring, and automated operation robots for freight yards. Through the integrated application of these technologies, the company has constructed a comprehensive and complementary system aimed at providing all-around support and protection for the rail transit industry.
Systems and Methods for Intelligent Fault-in-Rail Analysis (Application Serial No. 63/624,812) is a key preventive maintenance method that can detect internal and external cracks and defects in the track in real-time using high-precision sensors and advanced imaging technology. The company's Intelligent Fault-in-Rail Analysis system focuses on identifying rail defects and outperforms products from companies such as Sperry, Speno, and ScanMaster. It achieves a performance level of 99.9% in identifying severe damage and 95% in identifying minor damage while reducing message volume by 90% compared to existing detection systems. Additionally, it can automatically generate detailed damage review reports and significantly improves identification efficiency with a speed of 160 kilometers per hour compared to current mainstream manual methods at only 8 kilometers per hour. This technology significantly enhances track safety, reduces potential accident risks, and ensures that trains operate smoothly on safe tracks. According to the annual reports published by the Federal Railroad Administration (FRA) of the United States and the Department of Transportation of Canada, the total length of the railway network in North America is approximately 250,000 kilometers. The global railway management system market is expected to grow from $39.1 billion in 2022 to $64.5 billion in 2027, with a compound annual growth rate (CAGR) of 10.5% during the forecast period, according to Markets and Markets.
Driver Behavioral Analysis System Based on Target and Keypoint Detection (Application Serial No. 63/632,425) utilizes a combination of sensors and artificial intelligence algorithms to continuously monitor drivers' behavior and status in real-time. This system is capable of identifying and alerting drivers to improper operations, such as speeding, drowsy driving, or lack of concentration, thereby significantly enhancing the reliability and safety of train operations. Furthermore, the system provides detailed data analysis for management, facilitating the optimization of training and operational strategies. The company is a pioneer in applying gesture analysis and motion recognition technology in driver and passenger analysis, achieving processing speeds of up to23 FPS for gesture recognition, 17 FPS for fatigue analysis, and10 FPS for comprehensive cabin analysis on low-power edge devices rated at just10 watts-all with an accuracy rate of 95%. This system assists the operators in effectively allocating carriage resources and alleviating congestion during peak hours while also enabling quick response to emergencies in critical situations, ultimately enhancing passenger safety and satisfaction. According to market research data, the market size for driver fatigue and distraction monitoring systems reached $5.21 billion in 2023. It is projected that the industry will grow from $5.94 billion in 2024 to $16.8 billion by 2032, with a compound annual growth rate (CAGR) of approximately 13.88% during the forecast period from 2025 to 2032. Additionally, the global market size for automatic passenger counting systems was $7.69 billion in 2023 and is expected to grow at a CAGR of 9.6% from 2024 to 2030.
Railway freight yard automation robots system (in development) play a vital role in the automation of rail freight transportation operations. With advanced robotic algorithms and automation technologies, the company's robot system is designed to perform autonomously tasks such as coupling operations, hose connection tasks, detachment and attachment of tail devices, and track inspection. It is expected significantly decreases safety risks during operations, ultimately enhancing the efficiency and reliability of freight yard operations. The company has taken the lead in integrating somatosensory intelligence technology into freight operation automation and has selected camelback automation as a model project for spatial technology development. Through real-world operational process data and sensor motion information, the simulation system has achieved a first-time success rate of up to 99% for static grasping tasks and 97% for dynamic grasping. Currently in the testing phase, this technology is on track to achieve fully automated camelback hooking operations in 90% of different scenarios and weather conditions. The freight robot market segment is poised for significant growth potential, with an expected compound annual growth rate (CAGR) of 26-30% from 2022 to 2028 and a projected market value exceeding $220 million to $440 million by 2028.
The company is diligently establishing strategic partnerships with key stakeholders in the railway industry. The aim of these alliances is to ensure that the company's cutting-edge technology can be seamlessly integrated and effectively utilized within the vast and intricate railway network that spans across the United States. Through these collaborations, the company hopes to leverage the expertise and infrastructure of its partners, thereby accelerating the adoption of its innovative solutions within the American railway system. Subsequent to the formation of these strategic alliances, the company has plans to undertake comprehensive product testing, which are expected to be conducted within the subway systems of various cities situated in the United States as well as in Southeast Asia to rigorously evaluate the performance and reliability of the company's products in world scenarios to ensure the highest standards of efficiency and safety.
ABOUT TRANSIT PRO TECH INC.
Transit Pro Tech Inc., established in Delaware and headquartered in California, is committed to the development and servicing of artificial intelligence applications for the global railway industry. Transit Pro Tech provides a full range of AI solutions for its customers and has patented cutting edge solutions in railway track flaw detection and driver-ride monitoring technology. Transit Pro Tech Inc is a SEC registered company in the United States.
ABOUT AREMA
AREMA, American Railway Engineering and Maintenance-of-Way Association, is a professional association for railway engineering personnel that offers numerous educational opportunities and produces and publishes the recommended practices for railway engineering infrastructure including track, structures and communications & signals. AREMA is comprised of approximately 5,500 members all working together to further the development and advancement of both technical and practical knowledge of the industry.
Contact Information
Transit Pro Tech Inc.
Phone: +1 626 6625872
e-mail mail: [email protected]
Address: 100N Barranca Street Suite 460 West Covina CA 91791
SOURCE: Transit Pro Tech. Inc.