Ubicquia acquires CityIQ to enhance urban smart street light services
Ubicquia through the acquisition of CityIQ smart city platform, through artificial intelligence and traffic management to improve street lighting technology.
Ubicquia, a manufacturer of smart city street lights and small base stations, agreed to acquire CityIQ at an undisclosed price and will expand to traffic optimization services.
In addition to transportation optimization services, CityIQ, owned by energy company GE Current, also provides public safety services. Its technology can be installed on any snakehead or decorative street lamp.
Solve traffic jams
CityIQ's AI platform can track and analyze video and audio data to provide solutions to solve traffic congestion, improve bicycle lane use and safety, reduce crime, and support urban sanitation programs.
CityIQ also provides APIs and tools to integrate its data with data from internal systems or third-party partner platforms (for example, ShotSpotter for artillery position detectors, Genetec or Xaqt, an AI provider)
Since the company was founded more than five years ago, CityIQ's technology has been deployed in cities in the United States and Canada, including San Diego, Atlanta, Portland and Schenectady.
As part of the transaction, Ubicquia will receive CityIQ's technology, related patents and major contracts with companies and cities in the United States and Canada. CityIQ's development, sales and customer service teams in Cleveland and Montreal will also be integrated into Ubicquia.
The demand for smart street lights in the United States is growing rapidly. A recent report in the Northeast region said that the United States will invest $ 8.2 billion in the next ten years to upgrade its infrastructure.
Ubicquia CEO Ian Aaron said that CityIQ has its own smart city and small cell solution is "ideal choice." He added: "The CityIQ team has established a deep relationship with key smart city stakeholders and thought leaders in the public sector, and they are consistent with how CityIQ and AI technologies are aligned with the city's open data and privacy policies."
"I look forward to integrating our team, expanding CityIQ functions, and making Smart City AI scalable and affordable in cities of all sizes."
Current President and CEO Manish Bhandari said: "We are very pleased to transfer the responsibility of CityIQ business to Ubicquia. They are very suitable for our employees, technology and platform customers. By adding CityIQ to Ubicquia's other technologies, they will be together Better location to accelerate the development of solutions for cities that solve their most pressing public health and safety issues. "