Carl Data Solutions Inc (CNSX:CRL) is all set to enter the Smart City industry in India, which has a projected worth of $45 to $50 billion over the upcoming 5 years. India’s infrastructure, from street lights to solid waste, will be upgraded in the imminent decade.
Recently acquired firm AB Embedded Systems Ltd., a pioneer in control systems and hardware equipments, has been established in India for many years which enables ability to bid on deals throughout the nation. Carl’s scalable BDaaS base for reporting, advanced analytics and data storage together with AB Embedded’s gateways, telemetry and advanced sensors for data collection, develop the plug-and-play IIoT offerings that are in demand for this emerging industry.
Lawrence Francois, the Project Manager with KWL who has previously associated with Carl Data on IIoT solutions, reported that India’s ambitious urbanization plan encourages considerable redevelopment, development of new Smart Cities and a countrywide digitization program.
Unique planning, management and design of water, sanitation and wastewater infrastructure are important to sustainable towns of the future. Smart Cities will be required to be advanced as a digital platform for management of its critical infrastructure and natural resources.
Recently, AB Embedded extended to launch new Smart City offerings that include solid waste management offerings and water utilizing developed telemetry to cost effectively gather data from remote sites.
AB Embedded is presently organizing numerous pilot assignments in India and North America to assess both the telemetry solutions and new products that connect its equipments. As per Attila Bene, the President of AB Embedded, reported that there are two cities that are based North East of Mumbai will be investing as much as $1 billion in Smart City setup. Carl Data’s Smart City IIoT offerings are well positioned to probably get revenue of up to $30 million.
In the last trading session, the stock price of gained more than 2% to close the day at $0.380.