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

  • EasyPark aims to minimise parking hassle
    March 26, 2014
    Motorists drive to a location to do something, not to park. Minimising the effort required to park is the aim of a new system that integrates EasyPark’s new in-car parking payment app with the forthcoming Volvo Sensus Connect in-car information and navigation system. When a motorist parks up, at a location suggested by Sensus Connect close to the driver’s stated destination, they receive a message on the dashboard display asking if they wish to start a parking transaction.
    Read More
  • Eberle announces new auxiliary display unit
    May 22, 2012
    Eberle Design has announced the new ADU Auxiliary Display Unit, which is used in conjunction with the company’s ITS signal cabinet components. The ADU is a rack-mounted display module which full four-colour/32-channel LED intersection display.
    Read More
  • Wavetronix celebrates growth with strong sales of SmartSensor HD units
    October 23, 2012
    Wavetronix, the global specialist in radar traffic detection and monitoring, is here at the ITS World Congress celebrating another year of major growth and an expanded presence throughout the Eastern Hemisphere. And the company is encouraging transportation agencies around the world to “rise above the road” by considering its true high definition radar as a viable, non-intrusive alternative to loops. This year, Wavetronix supplied thousands of SmartSensor HD units for projects in Denmark, France, Russia, So
    Read More
  • Sistemas Palazón demonstrates sliding safety device
    March 25, 2014
    Reducing damage to vehicles and their passengers in impacts with street furniture is the object of a new type of mounting being shown by Spanish company Sistemas Palazón. Despite the huge sums of money spent by car manufacturers on improving the safety of their vehicles, severe damage can still be caused if they hit unyielding objects.
    Read More

Highlighted Content