The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Jan 22, 2018
Teamtronics Inc., has purchase High Tech Solutions’ Automotive Pattern Recognition (APR) technology and business.
The APR system is a computer vision image-processing system that’s been optimized for vehicle recognition and is used for applications such as security, surveillance, access control, electronic toll collection, and traffic and parking management. The technology combines artificial intelligence that uses pattern recognition abilities filtered through a multilayered decision process to make identifications.
According to Teamtronics’ CEO, Shai Lustgarten, the market for APR-related technology is expected to rise to $4.25 billion by 2023 and the acquisition of High Tech Solutions’ assets in this area “positions us as a strong contender to capture a meaningful share of this growing multi-billion dollar market.”
“This acquisition brings with it a strong team of reputable scientists and experienced engineers focused on the further development of cutting-edge solutions, which we believe will enable us to drive growth and profitability,” Lustgarten says.
Teamtronics’ acquisition includes all of High Tech Solutions’ APR assets, including intellectual property and customer base.