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Share Name | Share Symbol | Market | Type |
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Xerox Holdings Corporation | NYSE:XRX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 20.89 | 0 | 01:00:00 |
Several Xerox (NYSE:XRX) transportation solutions and analytics innovations will be demonstrated today as part of the grand opening of Mcity, the University of Michigan’s one-of-a-kind test site for connected and automated vehicles. The 32-acre testing facility is paving the way for a new mobility ecosystem that will completely change the way humans and cargo travel around.
Xerox will demonstrate its work in solving transportation problems of today and tomorrow, including:
“Data analytics is essential to providing the insight we need to make vehicle-to-vehicle and vehicle-to-infrastructure communication a reality,” said Joe Averkamp, senior director, technology, policy, and technical strategy, Xerox. “Xerox can help cities handle the strategic information to build the necessary transportation networks to best manage urbanization, creating a distinct competitive advantage that will allow urban areas to flourish.”
The Ann Arbor, Mich. facility is the first controlled environment specifically designed to test connected and automated vehicle technologies in the world. The site is reflective of a typical city street with sidewalks, construction obstacles, traffic signals, parked cars and pedestrians.
To shape the future of urban mobility across the country, Xerox has a three-year partnership with the University of Michigan Transportation Research Institute (UMTRI). Xerox is a member of the Mobility Transformation Center’s Leadership Circle along with State Farm, Honda, Nissan, Verizon, Ford, General Motors, Toyota, Bosch, Econolite, Delphi Automotive PLC, DENSO Corporation, Iteris, Inc, and the Michigan Department of Transportation.
UMTRI plans to establish a network of more than 20,000 connected and automated vehicles on the streets of Ann Arbor by 2021.
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About Xerox
Xerox is a global business services, technology and document management company helping organizations transform the way they manage their business processes and information. Headquartered in Norwalk, Conn., we have more than 130,000 Xerox employees and do business in more than 180 countries. Together, we provide business process services, printing equipment, hardware and software technology for managing information -- from data to documents. Learn more at www.xerox.com.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20150720005162/en/
XeroxMedia:Carl Langsenkamp, +1-585-423-5782carl.langsenkamp@xerox.comorKayla Holmes, +1-585-697-2619Text 100 for Xeroxkayla.holmes@text100.com
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