CIMCON Lighting Stock

CIMCON is the world’s leading provider of software powered lighting controllers and Internet of Things (IoT) enabled Smart City lighting management solution. The company helps cities run smarter while reducing energy and maintenance costs. The company's solution has been implemented in over 50 cities in 16 countries. The company uses LED lighting to create a wireless sensor network and platform enabling cities to implement variety of Smart City applications to manage outdoor lighting, monitor air quality, meter electric vehicle chargers, improve public safety and security, optimize parking, traffic and waste management to improve quality of life for city residents. There are over 315 million streetlights worldwide and 42% of the streetlights will be networked to make them “smart” over the course of the next decade. Global Internet of Things (IoT) investment in streetlight market will cumulatively reach $69.5 billion over the next decade, according to a new study published by Northeast Group.