Hamilton Startup Preteckt Wins Pilot with New York’s Metropolitan Transportation Authority
Hamilton-based startup Preteckt was one of four companies chosen from the Transit Tech Lab, a new accelerator program launched last year by the Metropolitan Transportation Authority (MTA) and the Partnership for New York City, to begin pilots with the MTA to implement products designed to improve transit services for the city of New York.
Following a global competition last Fall, in which nearly 100 companies participated, six finalists were selected for the inaugural class of the Transit Tech Lab. Over eight weeks, the companies worked closely with New York City Transit and MTA personnel to test how their products could improve service and customer communications.
During the Transit Tech Lab accelerator, Preteckt analyzed 30 days of historical vehicle telematics information from 314 buses and was able to accurately predict bus system failures two days in advance approximately 60% of the time. Preteckt’s insights can be used to increase the Mean Distance Between Failures—a critical bus metric—and reduce costs associated with fleet maintenance.
“As the MTA experiences a period of historic reform, transformation, and innovation, we’re leveraging this new model for evaluating and introducing technologies that address some of our most critical challenges. The result is an inaugural Transit Tech Lab that far surpassed our expectations,” said Patrick Foye, Chairman & CEO of the MTA, in a press release. “We are eager to develop these mobility technologies over the next year to improve subway and bus service for riders across New York City.”