GOWEX and
Cisco Announce Global Strategic Relationship to Boost Smart Wi-Fi
Connectivity Solutions for Cities
- This
strategic relationship will help build out new Wireless Smart
Cities projects in the major world regions in coming
years
- Using
high-quality wireless technology and innovative business models,
both companies will change the way cities offer Wi-Fi and IoE
(Internet of Everything) solutions
- For the
first project under the new
initiative, GOWEX and Cisco will work with the Wireless Smart City
"Dubai Airport Freezone Authority (DAFZA)", to provide the
necessary infrastructure for smart services and M2M
communications
Madrid, June
18, 2014-. GOWEX (GOW-MAB, NYSE Alternext ALGOW, LGWXY OTC
Market), the leader in creating Wireless Smart Cities, and Cisco
announced today that the two companies will promote a comprehensive
smart Wi-Fi connectivity solution for cities and their
citizens. GOWEX will become a Cisco® Smart+Connected
Communities(TM) (S+CC) global strategic partner.
"We are pleased
to announce Cisco's participation in the GOWEX Smart Cities
project, which will help drive the company towards its goal of
bringing a free and smart Wi-Fi connection to 600 cities by 2018.
We will position ourselves together as a global Internet reference
for cities wishing to offer free Wi-Fi connection and smart
services to its citizens and visitors," says Jenaro García, GOWEX CEO. This collaborative
approach will significantly increase GOWEX's current pipeline of
city projects which are in different stages of negotiation, and
which has almost doubled since 2013. The sustainable GOWEX model is
already operating successfully in more than 90 cities
worldwide.
This strategic relationship will
further the efforts of new Smart Cities projects in the major world
regions in the coming years. In addition, it will allow for faster
development on a combined smart Wi-Fi connectivity solution, to
generate significant business opportunities.
"More than 50
percent of people live in urban areas today, and Smart Cities
worldwide are competing for sustainable, economic and social urban
services now as their populations rise rapidly," said
Wim Elfrink,
Cisco's EVP of industry solutions and Chief Globalisation Officer.
"Cisco's strategic relationship with GOWEX
creates a powerful framework for an end-to-end, Internet of
Everything solution for urban services. The combination of proven
network infrastructure and critical applications not only can
optimize all types of urban services but also provide citizens with
a better, more connected quality of life."
Global Smart
City solution
The combination of the Cisco
Internet of Everything ecosystem, and innovative business models,
provided by GOWEX, will create a more efficient and effective urban
services offer to improve quality of life for citizens. This new
model can then help influence the way cities enable Wi-Fi and IoE
(Internet of Everything) solutions through various S+CC deployments
(such as smart transport and parking, urban safety, traffic
management, and smart tourism).
GOWEX brings a model of
differentiation and an attractive business for cities that can
provide Wi-Fi and intelligent geo-located mobile content services
for free. The GOWEX model of monetization is based on multi-year
commercial exploitation contracts, with a revenue income resulting
from hosting services such as the geo-located advertising platform,
the roaming and offloading platform, and the Wireless Smart Cities
platform.
Through this agreement, GOWEX will
widen its global presence in vertical markets (retail, sports and
entertainment, etc.). The first Smart Cities project under the new
collaboration is being deployed at "Dubai Airport Freezone
Authority (DAFZA)." For this project, Cisco has provided the
necessary infrastructure to provide M2M communications and smart
services to its citizens and workers.
Re-imagining
cities
The two companies' agreement will be announced at the New Cities
Summit Dallas 2014, a world renowned roundtable event focused on
showcasing the best ideas for the future of cities and on
generating particular and scalable solutions that can be adopted
and replicated across the world. The agreement will be discussed
during the round table where Jenaro
García, CEO of GOWEX, will be a panelist.
About
GOWEX
GOWEX
((GOW-MAB, ALGOW-NYSE Alternext, LGWXY-OTC Market) has operated in
the telecommunications sector for 15 years. The Company is
currently leading the creation of Wireless Smart Cities around the
World, offering free and premium Wi-Fi connectivity in streets,
public spaces, public transport and stations. GOWEX is now
exporting its innovative business models to more than 90 cities in
the world, thanks to different agreements with Public
Administrations, Franchise, Associations and Transport companies.
Big capital cities like Paris, New York, Dublin, Madrid, Edinburgh,
Dubai and San Francisco are enjoying GOWEX services in its
streets.
The company
works to create Wireless Smart Cities ® (WiFi Smart Cities),
offering free WiFi access to citizens, improving the services given
through wireless connectivity: online meter reading, traffic light
control, public transport fleet management, video surveillance and
so on.
In
2010, GOWEX became the first and only Spanish SME to attain a "dual
listing," publicly traded in MAB (GOW) and NYSE-Alternext (ALGOW). The
company's total revenue amounted to €183 million in 2013, a 60%
increase compared to 2012. In December 2012, GOWEX raised €18
million capitalthrough the issue of 1,528,404 new common shares to
the market. In February 2012, the Securities and Exchange
Commission (SEC) approved the emission of the ADR's program
(American Depositary Receipt) allowing the Group to be quoted on
the USA's market OTCQX.
With
offices in Madrid, Paris, Dubai, London, Buenos Aires, Shanghai and
Costa Rica, GOWEX develops a sustainable business model in its WiFi
networks, based on the efficient and technical quality of their
patented platforms: the Roaming Platform, which allows users to
connect freely in GOWEX's cities, and the Geolocated Content and
Advertisement Platform, which provides a financing system through
marketing and advertisement agreements.
In 2011,
GOWEX joined the Wireless Broadband Alliance and received a prize
for being the "Best Company" on the Internet Day.
In 2013, the company was awarded "Best New
listed Company" in the first edition of the " European Small
*Mid-Cap Awards".
About
Cisco
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps
companies seize the opportunities of tomorrow by proving that
amazing things can happen when you connect the previously
unconnected. For ongoing news, please go to
http://thenetwork.cisco.com
GOWEX and Cisco Announce Global
Strategic Relationship
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Gowex via Globenewswire
HUG#1795637