South Africa’s Technology Innovation Agency (TIA) has confirmed an initial round of funding in support of advancing the development and global commercialisation efforts of SpeedFOX, an Intelligent Speed Assistance (ISA) device invented by Geo Intelligence Corp (GeoInt) a specialist geospatial products and services business.
This technology is set to reduce speeding, related accidents and mortalities on the South African Roads. Road Accidents cause 22.4 mortalities per 100 000 people and are also estimated to sink 3.5% of the economy every year, with speeding being the major contributor to this cost. This warrants innovative technologies in order to effectively respond to this socio-economic burden. “It is for this reason that TIA has awarded funding to SpeedFOX- a digital 4IR solution,” said Sipho Dikweni (Commercialisation Portfolio Manager ICT Business Unit).
With over 70,000 kilometres of road testing already completed, SpeedFOX has shown that it improves…
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