Velpic Limited (ASX: VPC) has signed an MOU with Israeli technology company Bright Innovations to add Velpic LMS and Velpic Security as integrated solutions within Bright’s open platform for Smart City solutions, Coral Reef.
Bright Innovations utilises the street light infrastructure as the key real estate to push out its Smart Cities platform. Terminals, added to Bright’s LED street lights, becomes the connective infrastructure that is extended across a city to deliver Internet of Things (IoT) meaning both Velpic’s LMS & Security solutions could work without the need for a mobile signal in a Smart City.
The Velpic LMS and Security platforms will become part of the essential infrastructure of Bright Innovation’s core solutions delivered within its Coral Reef infrastructure.
The platform is currently being deployed and demonstrated in Singapore, and pilot implementations are planned in key locations in China and Australia.
Rami Mirsky, Founder and CEO of Bright Innovations, said security and education play a key role in any Smart City concept.
“I am excited about the opportunities presented by this partnership for Velpic LMS and Velpic Security, our recently launched incident management and preventative education platform, to form an integral part of Bright’s Smart City solution,” Velpix CEO Russell Francis said.
“It allows Velpic to capitalise on both the Smart Cities phenomenon and the Internet of Things (IoT) be that in Australia, Singapore or China. The addition of NowForce to our platform is already showing a vastly increased opportunity for growth.”