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Neovya, a data intelligence and simulation software solution provider for mobility, and FARECO, a FAYAT group subsidiary specialized in urban and road mobility equipment and solutions, have entered a strategic agreement to develop and market the LYNX® software suite, an innovative traffic management solution, enhanced with advanced traffic simulation and forecasting functionalities.
Today, local authorities and road network operators are facing crucial societal and environmental challenges. Decarbonizing road mobility, integrating new usage of public roads, stimulating alternative and soft transportation modes are all relevant means to accelerate the transition towards a smoother, safer, and more virtuous mobility.
In this complex framework, data is becoming a key driver to inform strategical and operational decision-making and to reach an optimal allocation of resources. This collaboration is paving the way to new horizons in the data processing value chain to turn FARECO LYNX® control station into a more efficient and smarter traffic management solution, ready to take up tomorrow’s mobility challenges.
“This partnership with FARECO, a recognized market leader, is a milestone in the development of Neovya and shows a strong recognition of the added value provided by our data intelligence solutions in traffic management processes and operations. This collaboration with FARECO opens up promising new business opportunities in the traffic management market”, says Aurélien Duret, Neovya president and CEO.
“The technological cornerstone of the partnership brings to FARECO the opportunity to enhance its LYNX® monitoring control station offer, dedicated to traffic and mobility equipment monitoring. It enables us to offer new advanced traffic simulation and forecasting functionalities. The new technological components developed within the framework of this partnership will be integrated into the LYNX® control station software suite and will enable traffic managers to better anticipate traffic conditions to smooth traffic flows and optimize road network operations”, explains François Leblanc, FARECO Managing Director.
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