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BAI Communications: Technology Driving Connected Transport Network, Foundation for Smart Cities
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Smart cities using digital intelligence stand to improve quality of
life, making happier and more productive citizens -
Connected transport networks create city-wide networks that enable
greater efficiency, safer commuter experiences and broader smart city
applications
SYDNEY–(BUSINESS WIRE)–BAI Communications, a global leader in communications infrastructure,
today published the results of its global survey, ‘The Continuous
Connectivity Research Report’ to understand how a digitally
connected public transport system can impact citizens lives and
expectations around a city.
The research study, which surveyed over 2,500 rail commuters in five
global cities, revealed that transport systems already play a vital role
in creating smart, world-class cities, with 83% of respondents stating
that innovative transport systems are a feature of a smart city and
almost half (45%) believe a city can’t be considered world-class unless
it has good digital connectivity.
“Everyday tens of millions of people worldwide use public transport;
this critical infrastructure is the backbone of cities and more than
ever citizens are expecting digital innovations that improve their
commute. Digital connectivity is changing our ideas of what makes a city
‘world class’ and regardless of where they are in the world, people want
to live in a city that allows them to work and live better, and
technology is emerging as a key enabler to help citizens reach this
aspiration,” said James Woodhams, Chief Strategy Officer, BAI
Communications.
“The modern commuter isn’t just looking to get from A to B, they are
expecting more from transport networks and want technology to enrich
their journeys. A smart-city commuter will use digital connectivity to
work smarter, live better and reduce stress to create more mindful
trips.”
Continuous connectivity on the public transport system can deliver
significant gains in productivity and liveability, as city dwellers are
able to work more effectively on their commute journeys. Respondents
stated that they could use their travel time to complete work so they
spent less hours in an office (56%), offer the potential for career
improvement (46%) and they would be open to location and housing changes
(45%).
“Imagine the commute experience of a citizen choosing to live in the
outer suburbs but still working in the city. On any given day, they can
stream a video tutorial on the morning commute while downloading a
presentation. Then, they can leave the office early to take a conference
call on the train so they’re home for dinner, arriving relaxed and
happy; this is all made possible with a connected public transport
network,” said Mr Woodhams.
“As we look to improve services and create modern, data-driven cities
that enrich the lives of citizens, seamless digital connectivity is the
foundation needed to achieve this goal.”
Connected transport systems create city-wide networks that enable
greater efficiency, safer commuter experiences and broader smart city
applications. Commuter expectations of their rail network are
increasing, and many of these expectations require continuous
connectivity to enable innovative technology solutions. These
applications include sensors, Machine2Machine learning, Big Data, cloud
computing or other emerging technologies and we are already seeing how
this approach can deliver connected, data-driven transport systems to
unlock new value for both operators and passengers.
Other notable findings from the study included:
Innovative transport systems are a defining feature of smart,
world-class cities
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99% of rail users expect public transport to do more than just get
them from A to B. -
81% of users believe advances in transport-related technology is
already increasing their use, or changing the way they use public
transport. -
83% of rail users think innovative transport systems are features of a
smart city.
Commuters require continuous connectivity to realise the benefits of
living in a smart city
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95% of rail users would be more likely to use rail if it deployed
technology-driven solutions. -
94% of rail users believe all rail networks should offer digital
connectivity.
Continuous connectivity transforms cities, helping citizens to be
happier and more productive, and organisations to innovate and prosper
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96% of rail users believe transport innovation is an important part of
modern cities. -
92% of commuters would benefit if they could better enjoy their
journey if the rail network of the future evolved. -
73% of rail users say their ideal rail journey would encompass
logistical improvements.
Mobility Futures Consultant and Transportation Researcher, Adam Cohen
believes that urban transportation is on the verge of rapid
transformation and the convergence of shared mobility, electrification,
and automation will transform how people travel and how cities are built.
“What is clear is that public transportation, cities, and society are on
the cusp of changing rapidly and dramatically as advancements in
mobility technology converge in the marketplace,” said Adam.
“Travellers are leveraging mobile devices and data to make real-time
choices based on factors such as convenience, connection, cost, travel
time, and wait time. They are part of the ‘experience economy’,
they don’t need to take public transportation and agencies need to look
at technology solutions to make travellers want to. Technology can
improve the effectiveness of public transportation by enabling
transportation providers to know their riders’ preferences while
simultaneously enhancing rider convenience.”
For more information and to download the BAI Continuous Connectivity
Research whitepaper, click here.
About BAI Communications
BAI Communications designs, builds and operates communications
infrastructure – cellular, Wi-Fi, broadcast, radio and IP networks –
connecting communities around the world. With a heritage of over 90
years, BAI creates networks that unlock new services and revenue streams
for our customers, enabling them to deliver better connected and
enhanced experiences for people, communities and economies, every day.
With operations in Australia, Canada, Europe, Hong Kong and the USA, BAI
also owns Broadcast
Australia and has a majority stake in Transit
Wireless (New York).
Contacts
Media
Min Chow
E [email protected]
T
+61 3 9604 2753
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Cannabis
Sannabis, Inc. (OTC: USPS) Unveils Innovative NO LICK! Terpene Spray for Cannabis Products to Enhance CBD and THC to Achieve the Entourage Effect
Cannabis
Cannabis Concentrate Market to Cross US$2.4 Billion by 2030 amid Rising Medical and Recreational Demand
transfer
IMC to transfer its Oranim Pharmacy shares back to the seller
TORONTO and GLIL YAM, Israel, April 16, 2024 /PRNewswire/ — IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the “Company” or “IMC“), a leading medical cannabis company with operations in Israel and Germany, is announcing that, further to the news release dated January 12, 2024, the Company has decided not to make remaining installment payments installments (i.e. NIS 5,873K including interest or 2,154K CAD) by IMC Holdings Ltd., and as such will transfer the 51% shares held by IMC Holdings Ltd back to the seller.
“With the April 1st cannabis legalization in Germany, we are focusing our resources on the German market, where we expect to see the biggest growth potential,” said Oren Shuster, CEO of IMC. “With both of our core markets, Germany and Israel, currently undergoing rapid evolution, we need to assure that we allocate our resources to the growth opportunities where we expect the best return on investment.”
About IM Cannabis Corp.
IMC (Nasdaq: IMCC) (CSE: IMCC) is an international cannabis company that provides premium cannabis products to medical patients in Israel and Germany, two of the largest medical cannabis markets. The Company has recently exited operations in Canada to pivot its focus and resources to achieve sustainable and profitable growth in its highest value markets, Israel and Germany. The Company leverages a transnational ecosystem powered by a unique data-driven approach and a globally sourced product supply chain. With an unwavering commitment to responsible growth and compliance with the strictest regulatory environments, the Company strives to amplify its commercial and brand power to become a global high-quality cannabis player.
The IMC ecosystem operates in Israel through its commercial relationship with Focus Medical Herbs Ltd., which imports and distributes cannabis to medical patients, leveraging years of proprietary data and patient insights. The Company also operates medical cannabis retail pharmacies, online platforms, distribution centers, and logistical hubs in Israel that enable the safe delivery and quality control of IMC’s products throughout the entire value chain. In Germany, the IMC ecosystem operates through Adjupharm GmbH, where it distributes cannabis to pharmacies for medical cannabis patients. Until recently, the Company also actively operated in Canada through Trichome Financial Corp and its wholly owned subsidiaries, where it cultivated, processed, packaged, and sold premium and ultra-premium cannabis at its own facilities under the WAGNERS and Highland Grow brands for the adult-use market in Canada. The Company has exited operations in Canada and considers these operations discontinued.
Disclaimer for Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, “forward-looking statements”). All information that addresses activities or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made. In the press release, such forward-looking statements include, but are not limited to, the occurrence of growth opportunities and the likelihood of growth potential.
Forward-looking statements are based on assumptions that may prove to be incorrect, including but not limited to: the development and introduction of new products; continuing demand for medical and adult-use recreational cannabis in the markets in which the Company operates; the Company’s ability to reach patients through both e-commerce and brick and mortar retail operations; the Company’s ability to maintain and renew or obtain required licenses; the effectiveness of its products for medical cannabis patients and recreational consumers; and the Company’s ability to market its brands and services successfully to its anticipated customers and medical cannabis patients.
The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward looking statements due to a number of factors and risks. These include: any failure of the Company to maintain “de facto” control over Focus Medical in accordance with IFRS 10; the failure of the Company to comply with applicable regulatory requirements in a highly regulated industry; unexpected changes in governmental policies and regulations in the jurisdictions in which the Company operates; the effect of the reform on the Company; the Company’s ability to continue to meet the listing requirements of the Canadian Securities Exchange and the NASDAQ Capital Market; any unexpected failure to maintain in good standing or renew its licenses; the ability of the Company and Focus Medical (collectively, the “Group”) to deliver on their sales commitments or growth objectives; the reliance of the Group on third-party supply agreements to provide sufficient quantities of medical cannabis to fulfil the Group’s obligations; the Group’s possible exposure to liability, the perceived level of risk related thereto, and the anticipated results of any litigation or other similar disputes or legal proceedings involving the Group; the impact of increasing competition; any lack of merger and acquisition opportunities; adverse market conditions; the inherent uncertainty of production quantities, qualities and cost estimates and the potential for unexpected costs and expenses; risks of product liability and other safety-related liability from the usage of the Group’s cannabis products; supply chain constraints; reliance on key personnel; the risk of defaulting on existing debt and war, conflict and civil unrest in Eastern Europe and the Middle East
Any forward-looking statement included in this press release is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made.
The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Company Contacts:
Anna Taranko, Director Investor & Public Relations
IM Cannabis Corp.
+49 157 80554338
[email protected]
Oren Shuster, Chief Executive Officer
IM Cannabis Corp.
[email protected]
Logo – https://mma.prnewswire.com/media/1742228/IM_Cannabis_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/imc-to-transfer-its-oranim-pharmacy-shares-back-to-the-seller-302117984.html
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