According to a release, the two companies will work together to test new smart grid and smart city solutions based on the Internet of Things. The collaboration is aimed at improving the efficiency of existing infrastructures, promote long-term growth and boost the local economy.
AEM and Paradox Engineering have already partnered, working with SUPSI University to roll out a smart grid project covering the AEM basin in Ticino Canton in Switzerland. [IEEE partners to launch first forum on smart grids for smart cities]
Leveraging Paradox Engineering’s network platforms, smart meter devices will be deployed to collect information from field devices and send commands and enable remote control. This is expected to make load management over the network more efficient, saving costs and ultimately reducing energy prices for end users.
The release adds that the implementation of a narrowband or broadband data transport network is based on Paradox Engineering’s solutions, which may help in designing new applications for parking management, traffic video surveillance and public Wi-Fi services.
Work under the three year partnership will commence after consulting local municipalities, with activities around the ‘smart urban network’ to begin in February this year.
In related news, the US government announced last year, a $165 million grant to advance smart city development which will form part of the White House’s Smart Cities Initiative. [US city joins White House smart cities network]
According to a release, the total of $165 million includes $65 million in public funding and $100 million in matching funds which are geared toward advanced transportation technologies. The funding is aimed at easing traffic congestion and improve driver and pedestrian safety.
The release adds that the initiative should allow more cities in the US to adopt key IoT applications. The US Department of Transport is currently working with providers like Alphabet’s Sidewalk Labs to implement programmes and the continuation of the White House’s Smart City Challenge.
The government expects that the funding will greatly enhance the overall quality of living in cities, which could eventually prompt demographic shifts.