Technology companies Cityzenith, Siemens and Philips set to capitalize on $2.46 Trillion forecast around Smart Cities

The global Smart Cities market is expected to grow from UDD $410.8 billion in 2020 to USD $820.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.8% according to a report by Markets and Markets.

Smart Cities are projected to create business opportunities worth $2.46 trillion by 2025, says a recent Frostand Sullivan report, with these cities predicted to be spending $327 billion on technology by 2025. The Smart Cities market is expected grow, owing to the increasing demand for public safety, rising urban population, carbon emissions from cities and global government initiatives.  Many other these governments are now offering incentives and grants with this in mind.

A further report published by Market Growth Insight which looked at growth of the Smart Infrastructure Market, the sector responsible for the technologies adopted by Smart Cities places businesses such as Siemans, Cityzenith and Philips as key players for this period.

It is widely acknowledged that Digital Twin technology will be the tool adopted by Smart City infrastructure projects allowing them to run cost effectively, smoothly and sustainably. One of the companies featured in the reports Cityzenith showcased their Digital Twin technology SmartWorldPro at the World Economic Forum in Davos last year as reported by The Financial Times.  They showed that a Digital Twin of an individual asset is used for the real-time monitoring, remote control of systems, scenario-testing and strategic planning of entire cities.

The impact of COVID-19 has seen the acceleration of Smart City initiatives across the globe as society now sees the need to radically change the way that it interacts with our urban surroundings.  The need to ensure our built environments are greener and more sustainable has led to the World Economic Forum announcing last month that 36 cities across 22 countries and six continents have agreed to pioneer a new roadmap for safely adopting a new technology as part of the G20 Global Smart Cities Alliance.

Jeff Merritt Head of the Internet of Things and Urban Transformation, World Economic Forum said “This roadmap is not about theoretical ideas and pipe dreams, it is built on practical, real-world policies from leading cities around the globe, City governments are on thefront line of a global crisis and need to be able to act quickly and decisively to curtail this pandemic and set course for their economic recovery.  Technology is an essential tool in this fight, but governments cannot risk falling into the usual traps related to privacy, security and vendor lock-in.  That’s where the G20 Global Smart Cities Alliance can help”

In keeping with this drive to a greener future Cityzenith recently launched the ‘Clean Cities – Clean Future’ initiative aimed at helping our most polluted urban centres become carbon neutral, by donating the company’s Digital Twin platform to key cities, one at a time.  Cities produce 70%* of the earth’s greenhouse gases but Cityzenith’s CEO Michael Jansen says the use of cutting-edge data and AI will change this dramatically.

“We know the issues and now have the right data aggregation, analysis and visualization capabilities to help solve them for cities, and those who design, build and manage them”

Source

*UNHabitat

Invest in Cityzenith

Invest In Cityzenith

Our Regulation A+ capital raise is now live on StartEngine and open to all accredited and non-accredited investors.
Based in Canada or the UK?

Note To Investors

Please note that it may take as many as 14-30 days or more to completely process your investment after you receive confirmation. During this period, the compliance team performs mandatory KYC and AML checks as necessary before your investment can be confirmed. It could take as long or longer to debit your account as well, so please be patient.

Please note that in order to complete the detailed 5-step investment sequence, you will need to have ready your personal information. Make sure you input your exact name, exact address, and ensure that all numbers and spellings are correct. Any information input incorrectly could prevent processing of your investment. Please also ensure that the email address you provide is the email address that you intend to use to manage your shares from your Koreconx account at Cityzenith.

If you have any questions, please call us +1-312-883-5554 or write to us investors@cityzenith.com and we will get back to you within 24 hours. If you experience any difficulties while investing, one of our customer service representatives would be happy to walk you through the process conveniently over the phone. We are here to help you!

Important Message

The Company is offering shares of common stock at an offering price of $1.50 per share for gross proceeds of up to $15,000,000 on a “best efforts” basis and up to 3,781,834 shares of common stock and shares of common stock underlying warrants and options on behalf of selling shareholders. The shares being offered for resale by the selling shareholders consist of 3,871,834 shares of common stock held by 152 shareholders.  The selling shareholders will only participate in the offering after the Company has sold $5,000,000 in shares of common stock in this offering.  Once the Company reaches this threshold, the Company will sell the 3,781,834 resell shares being sold by selling stockholders on a pro rata basis with the shares being sold by the Company. For additional information, see the section of the offering circular titled "Selling Shareholders" HERE.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Receive 2 shares for the price of 1, valid for the first $1,500,000 raised through our investment platform. Learn More.