Dallas, Texas 05/23/2014 (FINANCIALSTRENDS) – Cisco Systems, Inc. (NASDAQ:CSCO) recently launched camera-based smart parking solution, trademarked at Cisco Live!™, in collaboration with Streetline. Cisco Live!™ will assist to detect parking space occupancy and can also work in conjunction with in-ground sensors. In addition, the companies also unveiled an integrated network solution, referred as IoT (Internet of Things) gateway, which combines Cisco Smart+ConnectedWi-Fi and Streetline’s low-power mesh network. With both these releases, the companies are now set to offer technically robust solutions in the smart city space. These solutions are expected to provide a true business value for customers as well as public authorities. Streetline had been working with Cisco for about two years towards these new product developments.
Smart Parking Solution:
Cisco Systems, Inc. (NASDAQ:CSCO) and Streetline’s smart parking solution, Cisco Live!™ uses a combination of sensor as well as video information. The solution will allow customers to make effective informed decisions as it can capture and provide parking data from all spaces. The Streetlinesuite of applications is designed to produce the robust and accurate analytics for city customers, irrespective of the means of data capture whether through camera or in-ground sensor. Various applications under its Streetlinesuite include ParkSight, ParkerMap and Guided Enforcement.
The IoT Gateway:
Cisco Systems, Inc. (NASDAQ:CSCO)’s Cisco Wi-Fi customers can now easily add Streetline’s proprietary and award winning smart parking guidance, analytics as well as enforcement platform using the advanced StreetlineIoT Gateway solution. Cisco Wi-Fi customers can now add this smart solution as part of their smart city infrastructure. It is believed that such a novel parking solutions could enhance quality of life for citizens and decrease congestion while adding tangible return on investments for cities.
Stock Update:
On Thursday, the stock of Cisco Systems, Inc. closed at $24.38, losing 0.41% or $0.10 from its previous close.
