Currux Vision Corp, the innovative artificial intelligence, machine learning and computer vision solutions company, and Costar Technologies, Inc., a global leading manufacturer of a full range of cameras and systems for the video surveillance and machine vision markets, today announced a partnership to provide a fully integrated Smart City AI Traffic Video Analytics and Monitoring solution for cities and DoTs.
Currux Vision delivers accurate, real-time AI video analytics and alerts by autonomously monitoring existing traffic cameras and systems. Currux Vision offers some of the most advanced, reliable, and cost-effective AI traffic monitoring and control center capabilities, both in the control room environment and at the edge.
Costar's high resolution, imaging cameras, and systems are an ideal platform for deploying Currux Vision's AI and computer vision capabilities in transportation, as well as security, military, enterprise, and industrial sectors. Costar with Currux Vision solutions will help customers save money, use real-time information and alerts to make roads safer, reduce congestion, and improve overall efficiency and performance of infrastructure.
Alex Colosivschi, CEO of Currux Vision, said "We are delighted to partner with Costar. Their excellent technology, reputation and dominant market share combined with our innovative and powerful AI monitoring and analytics systems will deliver one of the most accurate, reliable and cost-effective autonomous traffic monitoring and analytics systems in the market. Our Smart City AI traffic technology will enable cities and governments to respond to accidents much faster, improve transportation infrastructure, and reduce congestion and pollution."
Mathiew Bais, CTO of Costar, said "This is an enormous opportunity for our customers to become more efficient and responsive. Our partnership with Currux Vision combines Costar's expertise in the video surveillance market with a powerful AI analytics capability so that customers can accelerate their digital transformation while meeting their security and compliance needs." About Currux Vision Corp
Currux Vision (https://currux.vision
) uses cutting edge AI, machine learning, and computer vision technologies to develop and deploy proprietary, end-to-end autonomous surveillance and management systems to improve safety, productivity, and security. Designed from the ground up, our AI systems deliver affordable, scalable, accurate, flexible, and easy to implement end-to-end technology solutions that solve real problems at lower cost. Currux Vision was selected as one of the top AI & Machine Learning products of 2018 by Product Hunt.
About Costar Technologies, Inc.
Costar Technologies, Inc. ( the "Company") develops, designs, manufactures and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders, and high-speed domes. The Company also develops, designs and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, the Company's shares currently trade on the OTC Markets Group under the ticker symbol "CSTI". Costar was ranked as the 36th largest company in A&S Magazine's Security 50 for 2018. Security 50 is an annual ranking by the magazine of the world's largest security manufacturers in the areas of video surveillance, access control and intruder alarms, based on sales revenue.
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