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NET DIGITAL AG has presented AI-supported control for smart traffic light systems at the Smart City Expo World Congress - first practical tests scheduled - Seite 2

The Smart City Expo World Congress took place in Barcelona from 7 to 9 November 2023 and is the world's largest and most important trade fair for urban digital innovations. In addition to companies, the tens of thousands of trade visitors included numerous top decision-makers from cities and municipalities.

Theodor Niehues, CEO of net digital AG: "We see the AI-based control for intelligent traffic lights as an opportunity for net digital to enter the billion-euro market for traffic sensor technology. The potential for our Group is considerable. The very positive response at the Smart City Expo World Congress confirms our confidence. Practical tests will begin in early 2024, and we want to use this as a basis to jointly develop a product that will be successful on the international markets."

 

About net digital AG

net digital AG is a partner of many medium-sized and large companies from the telecommunications, media and entertainment industries. It develops global and individually adapted digital payment solutions with a focus on digital content distribution via its own technology platform. The solutions for the distribution of contents centre on the areas of entertainment, music and videos. The around 250 international customers of net digital AG include, for instance, large telecommunications and media groups as well as various public transportation companies. Through its technology platform, net digital AG reaches more than 100 million consumers. The shares of net digital AG are traded on the Frankfurt Stock Exchange under the symbol "VRL" (ISIN: DE000A2BPK34, WKN: A2BPK3).

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edicto GmbH
Ralf Droz / Axel Mühlhaus
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10.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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