Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCostain Group Regulatory News (COST)

Share Price Information for Costain Group (COST)

Share Price is delayed by 15 minutes
Get Live Data
189.00    -3.60 (-1.87%)
Bid:
189.20
Ask:
190.60
Spread: 1.40 (0.74%)
Market Cap: £504.78m
COST Live PriceLast checked at - London Stock Exchange

Intraday Costain Group Share Chart

A2/M2 connected corridor trial

17 Oct 2018 07:00

RNS Number : 2628E
Costain Group PLC
17 October 2018
 

17 October 2018

 

Costain Group PLC

("Costain" or "the Group" or "the Company")

 

COSTAIN ENABLES MAJOR MILESTONE

FOR CONNECTED AND AUTONOMOUS VEHICLES IN THE UK

Costain, the smart infrastructure solutions company, provided the technology to power pioneering work led by Highways England to transform journeys with innovative technology allowing vehicles and the roads to 'talk' to each other which was showcased to an international audience last week.

A high-tech 'corridor' is being created on the A2/M2 in Kent to let specially-equipped test vehicles interact with roadside infrastructure in a move which promises safer, more reliable journeys and speedier maintenance, to reduce delays.

Highways England, the Department for Transport, Kent County Council and Transport for London staged a week-long event that attracted more than 60 people from the automobile world to allow them to understand the technology and see how it could be used in the construction of future vehicle designs.

Costain created the new and leading-edge intelligent system to allow a digital conversation to take place between the roadside infrastructure and the car and vice versa. During the tests information was communicated to the vehicle relating to road works, road conditions, temporary speed limits and the time remaining before a traffic light turns to green.

Simon Ellison, Group technology capability director, said, 

"This is an important step in making our roads safer and improving journey time reliability by embracing cutting edge technology. The technology advances achieved in such a short space of time truly demonstrate the power of collaboration."

Costain has brought together industry leading technology partners from across Europe and delivered an integrated end-to-end hybrid system and this has been exhaustively tested by a wide range of organisations at the test event.

ENDS

Enquiries:

 

Costain

Tel: 01628 842 444

Andrew Wyllie CBE, Chief Executive

Tony Bickerstaff, Chief Financial Officer

Carolyn Rich, Investor Relations Director

Sara Lipscombe, Group Communications Director

Instinctif Partners

Tel: 020 7457 2020

Mark Garraway

James Gray

 

Notes to editors:

The project on sections of the A2 and M2 is testing how information about road conditions, road works and time left for traffic lights to change to green can be transmitted to test vehicles via a wireless network.

Providing drivers and fleet managers with the information and tools to make real-time decisions has the potential to quickly improve traffic flow along the corridor. It also has the potential to improve safety by providing more information about traffic conditions ahead.

Displaying the information on screens inside vehicles reduces the likelihood of drivers missing information displayed on roadside signs, ending the problem of obscured signs caused by vegetation or when passing other vehicles.

For example, a sign may appear for a lane closure in place because of an accident or debris ahead. Keeping the lane clear gives the emergency services the access they need to help. Providing this information in a vehicle will help reduce drivers accidently driving in a closed lane, improving safety for everyone.

The A2/M2 Connected Corridor is a joint project between the Department for Transport, Highways England, Transport for London and Kent County Council. It is part of InterCor, an EU project that aims to test services that work across borders, connecting the UK to the Netherlands, France and Belgium. The project started in 2016 and is due to be completed in 2019.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRAGGGBAUUPRGQQ
Date   Source Headline
9th Jun 20263:25 pmRNSHolding(s) in Company
9th Jun 20267:00 amRNSCostain wins place on £700m TfL framework
3rd Jun 202610:30 amRNSTransaction in Own Shares
1st Jun 202610:31 amRNSTotal Voting Rights
27th May 20269:34 amRNSTransaction in Own Shares
22nd May 20261:00 pmRNSDirector/PDMR Shareholding
20th May 20269:55 amRNSTransaction in Own Shares
18th May 20261:51 pmRNSAdditional Listing
18th May 20269:39 amRNSDirector Declaration
14th May 20264:28 pmRNSResult of AGM
14th May 20267:00 amRNSAGM Trading Update
13th May 20265:14 pmRNSHolding(s) in Company
13th May 202610:19 amRNSTransaction in Own Shares
12th May 20264:01 pmRNSHolding(s) in Company
6th May 20269:35 amRNSTransaction in Own Shares
5th May 20262:08 pmRNSDirector/PDMR Shareholding
1st May 20264:08 pmRNSScrip Dividend Reference Price - Replacement
1st May 20269:08 amRNSTotal Voting Rights
30th Apr 20263:17 pmRNSDirector/PDMR Shareholding
29th Apr 202610:14 amRNSTransaction in Own Shares
27th Apr 202612:27 pmRNSScrip Dividend Reference Price
22nd Apr 20265:06 pmRNSDirector/PDMR Shareholding
22nd Apr 202611:48 amRNSTransaction in Own Shares
21st Apr 20265:15 pmRNSHolding(s) in Company
16th Apr 20264:59 pmRNSHolding(s) in Company
15th Apr 20263:16 pmRNSTransaction in Own Shares
15th Apr 20263:05 pmRNSDirector/PDMR Shareholding
14th Apr 20263:29 pmRNSDirector Declaration
13th Apr 202611:20 amRNSDirector/PDMR Shareholding
8th Apr 202610:30 amRNSTransaction in Own Shares
2nd Apr 202611:19 amRNSAnnual Financial Report
1st Apr 202610:30 amRNSTransaction in Own Shares
1st Apr 20269:30 amRNSDirector/PDMR Shareholding
1st Apr 20268:59 amRNSTotal Voting Rights
27th Mar 20263:35 pmRNSAdditional Listing
25th Mar 202610:30 amRNSTransaction in Own Shares
18th Mar 202610:30 amRNSTransaction in Own Shares
18th Mar 20267:00 amRNS-RCostain Secures c.£45m Contract with Severn Trent
10th Mar 20267:01 amRNS£20m Share Buyback Programme
10th Mar 20267:01 amRNS£20m Share Buyback Programme
10th Mar 20267:00 amRNSFinal Results
4th Mar 20268:27 amRNSDirectorate change
3rd Mar 202610:57 amRNSHolding(s) in Company
2nd Mar 20267:00 amRNSCostain returns to FTSE 250
25th Feb 20266:00 pmRNSAshtead Group
24th Feb 20263:59 pmRNSDirector Declaration
23rd Feb 20262:59 pmRNSHolding(s) in Company
20th Feb 20264:19 pmRNSHolding(s) in Company
18th Feb 20261:55 pmRNSHolding(s) in Company
9th Feb 20262:50 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.