GOWEX : The Chinese city of Ningbo chooses GOWEX for the management of its smart services and networks

The Chinese city of Ningbo chooses GOWEX for the management of its smart services and networks ·         Ningbo, the city with the second most important port in China, and fifth most important in the world, will have free Wi-Fi and smart wireless services thanks to GOWEX ·         GOWEX consolidates its commitment to China and the Asian market, bringing its services to the main urban and industrial areas of the world, with a total population of 12 million people...

The Chinese city of Ningbo chooses GOWEX for the management of its smart services and networks

·         Ningbo, the city with the second most important port in China, and fifth most important in the world, will have free Wi-Fi and smart wireless services thanks to GOWEX

 

·         GOWEX consolidates its commitment to China and the Asian market, bringing its services to the main urban and industrial areas of the world, with a total population of 12 million people.

 

Madrid, 15 January 2014-. GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY-OTC Market), leading company in the creation of Wireless Smart Cities® has reached an agreement with Ningbo, a city of more than 7 million inhabitants and a floating population of 5 million people, and one of the world's main ports. Ningbo City Council has choose GOWEX for the management and coordination of its own telecommunication services as well as those of third parties that operate in the city as a result of an exclusivity agreement which remains effective for 15 years.

                  

Wireless Smart Cities® + Free Wi-Fi

GOWEX will perform the role of neutral telecommunications manager, that is, it will work together with local operators, and different companies from the city, as well as the City Administration in order to maximize the performance of different networks and to offer free wireless connection services to residents and tourists. Furthermore, GOWEX's infrastructure will be consolidated as a Neutral Hub (connection center) from which all of the city's networks will be managed following the public-private collaboration philosophy that the Company promotes.

Next March 2014, the first phase of the project will enter into operation, and will slowly start to incorporate GOWEX's different Wireless Smart Cities® platforms, which are already in operation across the Company's more than 80 wireless cities. These platforms will provide Ningbo with the capacity necessary to offer smart services to the city and, at the same time, monetize its networks and reduce the management costs of the city's different services. In order to achieve this, the Spanish company will replicate its services in the city, creating a ground operations' center which will include the direct and indirect creation of employment, the development of work teams and the deployment of infrastructure.  

"We are continuing to grow with the trust and support of cities all over the world such as Ningbo, who trust in our unique technologies and models in order to enhance their sustainable, smart and modern growth. It gives us cause for pride and poses a great challenge for us" says Jenaro García, CEO of GOWEX. "Our world strategic growth plan - and specifically in China - is reaping its rewards, after the agreement with Hong Kong PCCW, ZTE and different regional and national operators, last year; today the agreement reached with Ningbo consolidates our path to growth with the support and leadership of cities in Continental China, which represents a great milestone for us", states Jenaro García.

Ningbo, at the forefront of Smart Cities

Currently, the pioneering vision of the Ningbo City Council has placed it at the forefront of smart city initiatives in China; a model that falls within the framework of the 12th Five-Year Chinese Plan, which has as its objective the conversion of 100 giant Asian cities into smart urban centers during the period 2011-2015.

The city of Ningbo is the second most important city in the Zhejiang province and is the main port of the province, which is also connected to Shanghai by the second longest bridge in the world: the Hangzhou Bay Bridge (35 km).

 

About GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY -LGWXY-OTC Market)

GOWEX has been operating in the telecommunications sector for 14 years and is currently leader in the creation of Wi-Fi Cities, providing Free and Premium Wi-Fi connectivity on the streets and on public transport. The company's reach currently extends to 80 cities both nationally and internationally, thanks to agreements with public administrations, franchises, operators, associations and transportation companies.

 

In 2010 GOWEX become the first and only Spanish SME to achieve a "dual listing", on both the MAB (GOW) and Nyse-Alternext (ALGOW) stock exchanges. The company's overall turnover reached 114 million in 2012, which represents a 71% increase compared with 2011. In December 2012 GOWEX successfully finalised a capital increase in which it raised almost 18 million Euros, adding 1,528,404 new shares to the market. In February 2012, the SEC approved the launch of an ADR programme (American Depositary Receipt) allowing the Group to be quoted on the OTQXC market in the United States.

 

With offices in Madrid, Paris, Dubai, London, Buenos Aires, Shanghai and Costa Rica, GOWEX develops a sustainable business model in its Wi-Fi network, based on the efficiency and technical quality of its patented platforms: the Roaming Platform, which allows users to be freely connected in all cities, and the Advertising and Geo-localized Content Platform, which allows a financing system by means of advertising and marketing agreements.

 

In 2011 GOWEX joined the Wireless Broadband Alliance and was awarded with the Internet Day's prize for "Best Company". In 2013, the Company was awarded "Best New Listed Company" in the first edition of the "European Small &Mid-Cap Awards".

Copyright GlobeNewswire

Attachment(s)
http://hugin.info/158036/R/1754814/592339.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire


[HUG#1754814]