EasyRaceLapTimer is a complete open source IR lap time tracker all-in-one solution for FPV racing quads (or any other RC vehicle!)
What you get with EasyRaceLaptimer:
Current stable version: 0.4RC1
Features:
- host system for tracking the laps
- IR transponders (code & schematic files for building them) with a transmitting range of 4 to 10 meters
- 63 available transponder IDs when using the project transponders
- update transponders with new code (Arduino hardware needed)
- setup guide for building your Raspberry PI host station
- the host station is also a WiFi access point to change configs etc on the fly
- monitoring mode, you can watch the stats with your mobile phones
- add your own team logo to the monitoring mode
- detailed stats about pilots and races
- sound effects for various events in a race
- TCP/IP and serial connections support for receiving lap times and commands from other time tracking systems
- race director for getting the real "gaming" experience while racing against other people
RCGroups thread: http://www.rcgroups.com/forums/showthread.php?t=2538917
There are also two videos regading the system, but keep in mind the version in these videos is rather old