On the eve of Israel’s 75th Independence Day, Axilion (TASE: AILN) held a technological and commercial launch of the Xway product, which has recently reached a high level of product-maturity. As part of the conference, the product was presented, with substantial success, to leading parties in the smart mobility industry, municipal officials, transportation authorities, commercial companies in the field and various investors.
Following the launch, the company will continue its business development efforts, in order to implement the product throughout the continent, by conducting leading pilots and striving for contracts with leading entities in the sector of smart mobility.
Axilion’s AI technology will enable cities and other entities to reduce traffic congestion and vehicle emissions while improving the safety of drivers and the public through an efficient and sophisticated artificial intelligence system that enables real-time analysis of traffic behavior and providing quality recommendations for improved traffic-lights’ layout.
