Lindsay Announces Strategic Partnership with Blyncsy

Lindsay and Blyncsy partner to accelerate connected roadway insights powered by artificial intelligence and machine learning

OMAHA, Neb. , March 23, 2022 /PRNewswire/ -- Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announces a strategic partnership with and minority investment in Blyncsy, an emerging leader in the utilization of artificial intelligence (AI) and machine learning for connected roadways. The partnership will integrate Blyncsy's Payver™ technology into Lindsay's RoadConnect™ remote roadside asset management platform, furthering the companies' shared vision of delivering technology solutions for government agencies and their contractors to enable smarter, safer and more efficient roadways.

RoadConnect offers Departments of Transportation (DOTs) a single-source solution for monitoring and maintaining a virtually unlimited number of roadside assets including crash cushions, guardrails and utility poles. Early commercial results have shown that RoadConnect help DOTs improve response times up to 90% after a roadside asset has been impacted and can allow up to 70% reduction in personnel exposure risk.

Payver uses AI and multiple image sources to perform real-time detection and image-recognition, enabling remote visibility into road conditions. Payver's machine-learning models allow for low-cost and efficient data collection within customers' infrastructure networks.

"In the near-term, Lindsay's collaboration with Blyncsy will enhance our RoadConnect platform by adding visual confirmation of an impacted roadside asset," said Eric Fleming, vice president and general manager of Lindsay's industrial technology subsidiary, Elecsys. "This strategic partnership will also support creation of exclusive features that will continue to differentiate RoadConnect over the long term in this emerging market," said Fleming.

"Lindsay is a leader in bringing smarter, safer roadways to reality globally. This shared mission and our partnership accelerates the ability to bring AI to the forefront of digital roadways and offers our customers the ability to improve their response time, decrease their operating costs and accelerate the future of connected roadways," added Mark Pittman, founder and CEO of Blyncsy.

About Lindsay Corporation

Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world's rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic^® center pivot and lateral move agricultural irrigation systems, FieldNET^® remote irrigation management and scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world's roads, bridges and tunnels, through the Barrier Systems^®, Road Zipper^® and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.com.

Descriptions of expected features are for informational purposes only. The development, release and timing of future product and feature rollouts remain at Lindsay Corporation's sole discretion. Any new or supplemental features, functionality and enhancements or timing of release of such features, functionality and enhancements are at the sole discretion of Lindsay Corporation and may be modified without notice. All descriptions of upcoming features, functionality and enhancements or other similar information do not represent a commitment to deliver any material, code or functionality and should not be relied upon in making a purchasing decision.

RoadConnect, ImpactAlert, FieldNET, Zimmatic, Barrier Systems, Road Zipper and Snoline are trademarks or registered trademarks of Lindsay Corporation and/or its affiliates. Blyncsy and Payver are trademarks of Blyncsy, Inc.

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SOURCE Lindsay Corporation