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Dec 16 2009
CIX Hands a Green Win to Skymeter
Toronto, Canada – Skymeter Corporation, innovator of the world’s first all-in-one,
pay-as-you-go meter for parking, road tolling and automotive insurance
was named by the Canadian Innovation Exchange as the winner in the
Individual Heat for Clean Tech. From a large pool of applicants, CIX
selected 20 technology-based companies via a qualified Selection
Committee to showcase their innovative product and services in front of
the CIX community of investors, innovators and entrepreneurs.
“We were already honored to be among the top 20 from the hundreds that
applied”, says Skymeter CEO, Kamal Hassan. “Governments have long seen
us as clean because we enable emission reduction, but to be voted head
of the class by investors shows our time has arrived.”
“This year’s competition was a real success thanks to the efforts and
expertise by companies such as Skymeter” said Robert Montgomery,
Co-Chair of CIX and CEO of First Maximilian Associates. “We look
forward to continuing to build a forum that brings together the
principal players in the innovation economy and shines a spotlight
internationally on our excellent people and ideas.”
“Winning a Clean Tech competition during the contentious 2009
Copenhagen Climate Conference, marks Skymeter as an upcoming exporter
of Canadian technology for the 21st Century”, claims Bern Grush,
Skymeter’s founder and Chief Scientist. “I see every reason to add
smarter driving to cleaner fuels and efficient vehicles as the three
most critical elements to bring automotive emissions in line with
global climate goals.”
“We are very pleased that in a time of global concern and
disillusionment a company that offers solutions to traffic congestion
and automotive emission stands out for investors. Our solution promises
to create exciting new business models that cross a number of
categories such as “pay-as-you drive” road-use and insurance while
addressing key issues such as parking congestion and infrastructure
funding,” said Hassan in an earlier interview. “What will eventually
become even more important is that our technology can be deployed
without taxpayer subsidy and without reducing GDP since there is no
requirement to burden economically critical travel.”
Skymeter Corporation is a Toronto, Canada-based data
services operator that enables location-based payments using
financial-grade GPS telematics. Its billing-delivery services include
Time, Distance and Place (TDP) metering for road use, parking and PAYD
insurance. These services incorporate methodologies for both privacy
and anonymity to ensure motorists enjoy complete privacy while
traveling and absolute confidentiality of their trips. This is
equivalent to an anonymous, in-car cell-phone that automatically pays
for all these services based on actual usage. Skymeter enables
every form of road-use charging from small city areas such as London
(UK), and Stockholm's cordon charges up to metering every vehicle in a
state, province or country in order to replace fuel taxes.
Skymeter will soon announce an R+D contract in the EU with impacts for Galileo and GPS integration as well as a contract managing park-it-and-forget-it technology using a privacy-assured, in-car GPS-based parking meter
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