ATLANTA, Dec. 14, 2010 /PRNewswire/ -- Siemens Industry, Inc. (NYSE: SI) today announced an agreement with Streetline Inc., the leading provider of sensor-based smart parking solutions in the United States, to jointly market a range of smart parking products and services for municipalities, airports, universities and private parking operators.
This new agreement will combine Siemens signage and advanced traffic management systems with Streetline's patented ultra-low power wireless networks and sensors to provide customers with better insight into parking operations and give drivers real-time guidance to open parking spaces.
According to the agreement, Siemens will integrate Streetline's parking sensors with Siemens parking solutions and products to enable extended control, management and response capabilities for intelligent traffic systems (ITS) applications. The agreement allows Siemens to resell Streetline's parking sensor products and applications for on-street, off-street or garage use. In return, Streetline will be able to use Siemens parking guidance solutions and Siemens Industry, Inc., Republic ITS services.
The two companies also have plans to develop and market a new offering that connects parking availability information from Streetline's parking sensors and smartphone application with Siemens parking management systems, creating a full spectrum of useful data available to both drivers and transportation planners.
"The products offered by Streetline complement Siemens' own portfolio of intelligent traffic solutions," said Oliver Hauck, president of the Mobility Division of Siemens Industry, Inc. "That fact coupled with Streetline's proven ability to optimize customer operations means customers will benefit from this partnership through lower costs and more efficient management of parking resources -- all while reducing the negative environmental impact associated with traffic and parking."
"Siemens is a recognized leader in developing, manufacturing and distributing intelligent traffic solutions for cities," said Zia Yusuf, CEO of Streetline. "The agreement between our two companies will give customers much deeper insights into their parking operations, allowing them to make better, more informed decisions about pricing and resource allocation."
Siemens is a market leader in traffic control, traffic guidance systems, intelligent transportation systems and parking solutions. As part of Siemens Mobility Division, Siemens Traffic Solutions provides technology and design that help manage the increasing complexities of modern traffic and address the challenges of increasing demand on traffic infrastructures.
For more information about Siemens Traffic Solutions, visit www.itssiemens.com.
Siemens Industry, Inc. (SII) is the U.S. affiliate of Siemens' global Industry Sector business -- the world's leading supplier of production, transportation and building technology solutions. The company's integrated hardware and software technologies enable comprehensive industry-specific solutions for industrial and infrastructure providers to increase their productivity, sustainability and profitability. The Industry Sector includes six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and OSRAM SYLVANIA. With nearly 222,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $2.7 billion on revenues of $47.7 billion in fiscal 2009. www.usa.siemens.com/Industry
A division of Siemens Industry, Inc. (SII), Siemens Mobility (MO) Division is North America's leading provider of transportation and logistics solutions. Using its "Complete mobility" approach, the division focuses on networking various modes of transportation to maximize the most efficient transport of people and goods. "Complete mobility" includes operations control systems for railways, roadway traffic control systems, airport logistics solutions, postal automation, traction power supplies, rolling stock for mass transit, regional and mainline services, turnkey systems as well as forward-looking service concepts. The Mobility Division posted worldwide revenues of $8.8 billion in fiscal year 2009. www.usa.siemens.com/mobility
SOURCE Siemens Industry, Inc.