VTTI Spinoff Company Develops Technologies to Avoid Traffic Accidents

TranSecurity, LLC develops new system, DriveVision Pro, designed to reduce the likelihood of accidents involving the more than two million large commercial trucks currently traveling on American highways.

Blacksburg, VA (PRWEB) November 3, 2008 -- TranSecurity, LLC, a local spinoff company of the Virginia Tech Transportation Institute (VTTI), is developing a novel technology called DriveVision Pro that will monitor commercial drivers to improve performance feedback and provide collision warnings. The system is designed to reduce the likelihood of accidents involving the more than two million large commercial trucks currently traveling on American highways.

DriveVision Pro monitors the environment around the vehicle and creates a log of vehicle performance, road conditions, and the actions of other vehicles which can be used to determine if drivers are a crash-risk or a cost-risk for their employers. The system transfers the collected data for analysis and expert evaluation, allowing the employer to provide driver feedback, further training or other actions.

The DriveVision Pro system is based on one of many VTTI-developed technologies that TranSecurity has licensed for commercial development.

Michael Mollenhauer, president of TranSecurity, said the company's purpose is to help reduce personal and corporate exposure to financial losses, injuries and deaths resulting from preventable traffic accidents.

"Our mission is a dual mission: to grow the company and make it strong, and improve driver safety for companies with large fleets," said Mollenhauer.

The company was established in May of 2006 and is a member of the VT KnowledgeWorks business acceleration center within the Virginia Tech Corporate Research Center. It has already gained significant momentum and has been awarded a Department of Transportation contract based on the technologies currently in development.

TranSecurity licensed the VTTI technologies from Virginia Tech Intellectual Properties, Inc. (VTIP), a non-profit corporation which manages the protection and licensing of inventions and facilitates technology transfer for Virginia Tech.

"This startup is a great model for how Virginia Tech, the Virginia Tech Transportation Institute, and VTIP can all work together with the most important ingredient, the faculty founders of TranSecurity, to launch a new company," said Mark Coburn, president of VTIP.

About TranSecurity, LLC

For more information about TranSecurity, LLC products and services, contact Michael Mollenhauer at (970) 227-3373.

About Virginia Tech Intellectual Properties, Inc. (VTIP)

Formed in 1985 as an affiliated corporation of Virginia Tech, VTIP is passionate in its pursuit of excellence in technology commercialization, creating market opportunities from scientific innovation. We strive to make a positive contribution to society through our expertise in protecting, marketing and commercializing technology and innovation. Our goal is to pursue innovative strategies to help translate scientific progress into tangible products, while returning income to the inventor and Virginia Tech to support further research and education. VTIP facilitates the licensing of technology to companies, encourages new faculty startup ventures, works with publishers and distributors of software, and supports the transfer of research and knowledge to other universities, research institutes and companies. For more information about VTIP, contact Michael Miller at (540) 443-9218 or visit our website at http://www.vtip.org/.

About VT KnowledgeWorks

VT KnowledgeWorks is a unique growth enhancement program that offers incubation space as just one component of its comprehensive mix of services and ongoing support for growing businesses. VT KnowledgeWorks assists startups as they plan and launch, but also enables leaders of mature companies to share vision, insight and experience as they grow. For more information about VT KnowledgeWorks, contact Jim Flowers at (540) 443-9100, or visit our website at http://www.vtknowledgeworks.com/.

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