Market Overview

Current by GE Partners with Nokia to Unleash Smart City Technology Across Canada

  • Nokia named commercial partner for Current by GE's CityIQ*
    platform throughout Canada
  • Collaboration extends Nokia's portfolio of network connectivity
    solutions and cloud-based IoT offerings by adding Current's
    intelligent sensors and software ecosystem
  • Agreement opens access for Canadian cities to utilize new digital
    technology to improve common challenges like parking and traffic
    management, public safety enhancements and weather and air quality

Nokia (NYSE:NOK) is teaming up with Current, powered by GE (NYSE:GE)
to bring cutting edge smart city technology to cities across Canada. The
two companies have announced a commercial partnership that will help
Canadian cities improve operational infrastructure and expand new
services to citizens.

This press release features multimedia. View the full release here:

The Current by GE's CityIQ platform will help Canada's cities gain insights into parking, traffic, p ...

The Current by GE's CityIQ platform will help Canada's cities gain insights into parking, traffic, public safety and air quality. (Photo: Business Wire)

Under the terms of the agreement, Nokia will gain access to Current by
GE's CityIQ* platform technology across Canada. The system
will repurpose outdoor street lighting into digital infrastructure that
collects data and distributes valuable insights to cities via Nokia's
safe and secure communications networks. It builds on Nokia's steady
expansion of its smart city capabilities, which includes a full
portfolio of network solutions designed to provide Internet-of-Things
(IoT) connectivity to municipal and utility infrastructure. The combined
digital solution is expected to help cities gain new operational
insights and will enable app development—using a ‘horizontal' platform
that can support a wide variety of apps simultaneously—that can address
common challenges like parking and traffic management, public safety
enhancements and weather and air quality monitoring.

"There is tremendous interest in smart city technology throughout
Canada, and this partnership will offer Canadian municipalities a
scalable method to quickly respond to demographic and economic shifts,"
said Shawn Sparling, Head of Canada Enterprise Sales for Nokia.
"Responsive, flexible technology is key to creating smarter cities while
enabling a safer and more sustainable environment. The agreement with
Current by GE is a key milestone in our efforts to build a rich and
diverse ecosystem of leading suppliers to ensure the delivery of
best-in-class solutions for our customers."

The collaboration complements Infrastructure Canada's Smart
Cities Challenge
, which was announced earlier this year to spur
development in new smart city initiatives. It encourages community
leaders to team up with businesses, academia and civic organizations to
design innovative digital solutions that improve residents' quality of
life. It also builds on Nokia's recent agreement with Smart
City Capital
to foster smart city projects throughout Canada, by
leveraging a $2 billion CAD dedicated project fund and a pre-vetted
ecosystem of partners.

"We are excited to bring our smart city technology to cities across
Canada," said Austin Ashe, Current's General Manager of Intelligent
Cities. "Nokia's extensive portfolio of IoT connectivity solutions and
successful history working with Canadian cities make this collaboration
a great match for Current by GE and our development partners."

Current by GE works with municipalities and utilities to install
transformative digital technology that helps accelerate urban growth and
development. Because CityIQ is an open and extensible data platform, it
allows a wide variety of ecosystem
to build new apps that positively impact citizens' lives,
both now and in the future. Current's smart city technology is already
being deployed in several U.S. cities, including San Diego, Atlanta and
Portland, OR.

"We believe in the power of combined innovation," said Ashe. "Our
partnership with Nokia will help unlock new forms of smart city
transformation and civic engagement that we can't even imagine yet."

About Nokia
We create the technology to connect the world.
Powered by the research and innovation of Nokia Bell Labs, we serve
communications service providers, governments, large enterprises and
consumers, with the industry's most complete, end-to-end portfolio of
products, services and licensing.

We adhere to the highest ethical business standards as we create
technology with social purpose, quality and integrity. Nokia is enabling
the infrastructure for 5G and the Internet of Things to transform the
human experience.

About Current, powered by GE:
Current is the digital engine
for intelligent environments. A first-of-its-kind startup within the
walls of GE (NYSE:GE), Current blends advanced LED technology with
networked sensors and software to make commercial buildings, retail
stores, industrial facilities and cities more energy efficient &
productive. Backed by a broad ecosystem of technology partners, Current
is helping businesses and cities unlock hidden value and realize the
potential of their environments.

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