Transport ripe for investment

Leading investors spelt out the attractiveness of the ITS space for investment yesterday as they met with the technology specialists at the start of ITS America’s 22nd Annual Meeting. This was the continuation of an initiative launched by ITSA at the 2011 ITS World Congress in Orlando, creating a forum for financial firms to meet with the ITS companies developing products and services ripe for investment.
May 21, 2012 Read time: 2 mins
Raymond James Managing Director Gary Downing
Leading investors spelt out the attractiveness of the ITS space for investment yesterday as they met with the technology specialists at the start of 560 ITS America’s 22nd Annual Meeting.  This was the continuation of an initiative launched by ITSA at the 2011 6456 ITS World Congress in Orlando, creating a forum for financial firms to meet with the ITS companies developing products and services ripe for investment.

At a packed out meeting were principal directors of investors Fontinalis Partners, Guggenheim and Raymond James.

“We’ve all heard a lot about 2170 Facebook’s flotation this week, but looking forwards, social media is passe. The future is in transportation and energy; areas with tangible benefits,” said Raymond James Managing Director Gary Downing. “Investors are shifting the attention of their dollars to ITS because it is positive for cities, for voters and the environment. ITS presents clear benefits which drive investment. Third party evidence shows returns are attractive and ITS is a $50Bn industry with signs of greater stability of funding from the federal government from 2013.”

ITS America President & CEO Scott Belcher added: “Matching investors to ITS companies is a growing area for us. We will be facilitating further follow up meetings with investment firms in coming months, matching them up with technology suppliers. We want ITS America to be the place where these companies come together.”

%$Linker: Asset 4 42435 0 oLinkExternal <span class="mouselink">www.ITSA.org</span> www.ITSA.org false /EasySiteWeb/GatewayLink.aspx?alId=42435 false false%>

For more information on companies in this article

Related Content

  • Navtech highlights radar’s cost-effectiveness
    October 23, 2012
    At this year’s ITS World Congress, Navtech Radar will be demonstrating the cost-effectiveness of using radar for Automated Incident Detection (AID) and other applications. “Radar’s capabilities, even in extremely challenging visual conditions, are now proven beyond doubt and we’ve been working over the last couple of years to make procurement and operation very cost-competitive,” says Navtech’s founding partner Stephen Clark. “System for system, radar compares well with CCTV but once performance is taken in
    Read More
  • Optimast launches latest passive safety sign
    March 3, 2014
    Signpost Solutions, a UK-based specialist in passive safety since 1996, will use Intertraffic Amsterdam 2014 for the international launch of Optimast, a new range of highly competitive passively safe sign masts. The company says that Optimast plugs a gap in its ability to commercially meet the requirements for certain bending capacities which in the past would have necessitated a largely over-engineered design. Optimast was crash rested in the UK at MIRA testing grounds in Nuneaton to BS EN 12767 and ac
    Read More
  • Noptel puts lasers in the spotlight
    October 24, 2012
    Finnish company Noptel plans to highlight its laser distance sensors used for traffic control at the World Congress. It will particularly be focusing on its Speeder X1 laser radar, which determines vehicle speed as well as its height and length.
    Read More
  • Streetline showcases smart parking at ITS World Congress
    October 11, 2012
    Streetline will showcase smart parking technology that combines sensors and a suite of applications to provide cities with real time and historical data and offer flexible parking options for residents and visitors while reducing traffic congestion in downtown areas. As the company points out, cities are facing the challenge of aging infrastructure, a growing population and limited financial resources.
    Read More

Highlighted Content