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The Smart City product was developed by Regent Power and Databuoy and tested publicly (which competitors have all said was an impossible feat). We are working with cities and our suppliers to incorporate our proprietary collaborative design into the manufacture of two of our product lines of lighting systems.
The Institute of Electrical and Electronics Engineers (IEEE) has selected Kansas City as the first U.S. city to become a Core Smart City. This recognition gives Kansas City the unique opportunity to become a global leader as to what it means to be a digital city. ThinkBIG has five Smart City projects in engineering at the moment has received consulting requests from several other cities.
Due to NDA’s and the early stage of development, we can’t provide specifics, but we are working with a local premiere developer and planner who has cultivated a legacy of real estate ingenuity in the central city. Building upon strategic relationships and a distinctive high-performing project portfolio, they have delivered more than $1 billion in real estate initiatives for more than 6 million square feet of commercial and residential space. They invest in world-class facilities with an eye toward integrated, diverse environments. We are a perfect partner for them.
Regent Power created an entirely new delivery of crime deterrent gunshot detection tied to video surveillance. Formulated specifically for public safety applications, the Smart City Streetlight also has Wi-Fi, an integrated camera that provides wireless real-time video monitoring, and LED lighting with an efficacy of up to 130 Lumens per watt with 83-85 CRI.
Should an event be detected or reported, streetlights can be brightened and optional flashing red lights turned on to signal and warn citizens to seek safety.
Regent Power operates in two primary segments of the energy market: 1) Smart City Street lighting with crime prevention, and 2) DC micro-grid and DC fast-charging EV charge stations, both in conjunction with the U.S. Department of Transportation.
Statistics show that there have been more than 250 Smart City Projects initiated in 178 cities worldwide during the first quarter of 2017,
based upon Smart City Tracker 1Q17 report.
“Leading cities are looking at how they can build on their initial investment in open data, and the data feeds being provided by Internet of Things applications,” says Christina Jung, research analyst with Navigant Research. “Cities are moving beyond the publication of government open data policies to the exploitation of a wide range of data sources and the establishment of city platforms for information sharing and use of analytics.”
Also, as sensor technology improves and costs decrease, smart city technologies are becoming more efficient, higher performing, and cheaper than ever before, according to the report. All told, the global market for smart city solutions and services is expected to grow from $40.1 billion in 2017 to $97.9 billion in 2026.
A new report from Navigant Research examines the current state of global smart city development, covering the related aspects of the smart energy, smart water, smart transportation, smart buildings, and smart governments sectors, segmented by region.
Working in partnership with technology and service suppliers, city leaders and central governments are realizing the benefits smart city projects can provide regarding economic opportunity, sustainability, and quality of life. As the number of smart city projects increases globally, cities are pursuing higher levels and a greater variety of integration among technology-driven city services and solutions. How will you access your market?
We are intimately involved with MoDOT, SELECT (Utah State University) and Think BIG Partners. They are some of our most important conduits to our customers. Companies such as Siemens have called us to arrange a meeting to discuss the integration into their Smart City platforms worldwide.
One of the product lines that we distribute is part of the Department of Transportation's plans for highways that will incorporate with Smart City. A great quick look at what this technology can bring to cities (in incorporation with all the crime options) will show you the potential of what any city (including St. Louis) could achieve.
Regent Power merely enhanced the crime deterrent of the product and further improves the quality of life for U.S. (and eventually, international cities). It is my belief that the combination of all these technologies can make us one of the smartest cities that will hopefully remove us from the top crime cities and make us a more attractive tourist and business relocation destination.
Additionally, the money saved in energy costs can be utilized in other municipal programs, community programs, events, and investing in at-risk youth.
Trends in the market and the advancement of IoT inter-connectivity have made Smart City programs and the incoming improvements of autonomous cars and integrated roadways an obvious next step for our civilization.
Smart City lights with IoT options are in high demand. Our goal is to make cities safe and our technical and collaborative partnership with Databuoy, the manufacturer of ShotPoint, gives Regent Power an incredible advantage over the competitors.
Smart Cities are the future. Many manufacturers and products are in demand. But we feel that we are in a spectacular position to take a dominant position in the market due to our innovation.
Regent Power is aligned with ThinkBIG Partners in Kansas City, an organization that assesses the needs and desires for cities to implement Smart City technologies that will benefit safety and security of their citizens and tourists. These innovations and developments include Smart City projects that vary from smart parking, data analytics, public Wi-Fi, and of course, gunshot detection.
There are competitors for gunshot detection (primarily ShotSpotter). In the LED lighting arena, our biggest competitors are GE and Phillips. We find our strength is that we can align with other best in class partners to get a more sophisticated product to market at a more competitive price while providing more consultative and intimate customer service.
Our biggest competitor, ShotSpotter, has yet to conduct a live on-site demonstration, as we have. Further, their systems are attached to buildings and are not easily scalable. Their model is “service based subscriptions.” Among ShotSpotter’s biggest weaknesses is that their acoustics results are sent to a human reviewer to determine if an event was indeed a gunshot and then the human reviewer sends that information to police and first responders. Our system is completely automated and saves time, captures live video, and removes human delay and error.
We are working with the City of St. Louis and are a trusted vendor of Think BIG Partners of Kansas City for Five (5) Smart City projects in their portfolio (which are all protected by an NDA).