3M Collaborates With Intel's Mobileye To Improve Road Safety

  • 3M Co MMM and Mobileye, an Intel Corp  INTC company, have collaborated to advance road safety by bringing crowdsourced infrastructure asset data to transportation agencies through the 3M Roadway Safety Asset Manager platform.
  • The platform puts roadway safety assets in one, easy to navigate cloud-based solution and helps transportation authorities manage their road assets. The financial terms of the arrangement were not disclosed.
  • Mobileye's crowdsourced mapping technology provides artificial intelligence and computer-vision technologies to help automate the mapping, monitoring, and maintenance prioritization of roadway assets.
  • Mobileye's technology will be leveraged with the 3M Roadway Safety Asset Manager, a cloud-based application for tracking the condition and maintenance of roadway assets.
  • The collaboration between the parties will enable transportation authorities to modernize their asset management tools with frequently updated asset data, helping meet their operational and safety goals.
  • Price Action: MMM shares are trading higher by 0.22% at $183.75, while INTC is lower by 0.47% at $50.37 on the last check Wednesday.
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