MERGER COMPLETE Green Zebra now $NNSR
Recent Smart Cities Project Initiatives:
January 2018 Green Zebra and partners were selected as one of the top three qualifying finalist before winning the final bid for NYCx Governors Island Connectivity challenge. https://govisland.com/blog/mayors-office-of-the-cto-and-trust-for-governors-island-announce-connectivity-challenge-finalists
now lets learn how and why///
And in fact, one of the exciting things about the Moonshot Challenge, which we're participating in on this island, is not only do we have the high speed transmission to connect the island to Brooklyn or Manhattan, we're deploying Wi-Fi and we're working with Green Zebra. Green Zebra is one of our subcontractors, and they bring to the table two important elements.
One is the high-speed Wi-Fi, but there's a marketing element too. They're bringing sponsored advertising and we've already signed up the first $300,000 for the first year of sponsored advertising. We have another $300,000 that we're in negotiations with. So actually, this whole connectivity for the island, we totally paid for, and we'll save the taxpayer having to spend on this.
But that decision is up to the island management, the trust to decide how to work with that. So the future is bringing gigabyte speed, but also solving the economic challenge, which is what we do also. We can, with our technology, put a big loop through five boroughs. We actually have shown one to the city through four boroughs, at tens of gigabytes of speed, our cost is the order of $1 million.
To do that with fiber would cost $200 million. That's why fiberless, our technology, is such a good solution. And that we believe is the answer to, as I said earlier, ubiquitous coverage, but as Miguel Gamiño referred to it, as a smart city. And that's what New York is doing. With all the diversity of people, industries and the future of connectivity, the IoT videoconferencing, and all of that, you have to build the backbone that will carry all of the that. And that's what we can do.
So we see the opportunity here on the island, as a stepping stone, as the city has recognized, to deploying a ubiquitous network across the city. And because it's wireless, it can happen very quickly. You know you trench fiber in, you've got to get all the permits, machines lined up, rights of way, police details. It takes years just to put even one strand of fiber a mile.
And we can do it, within months. So we see this as the future, and we're very hopeful that we can work with the city and make New York City the first smart city in the world. And there are many cities around the world,talking about Smart City, but they don't have the tools in their toolbox to make it happen.