OCCASIONAL PRESS RELEASE – 13,000 smart LED streetlight implementation across Muscat in Oman
OCCASIONAL PRESS RELEASE – 13,000 smart LED streetlight implementation across Muscat in Oman

OCCASIONAL PRESS RELEASE – 13,000 smart LED streetlight implementation across Muscat in Oman

OCCASIONAL PRESS RELEASE

13,000 smart LED streetlight implementation across Muscat in Oman

Leuven, Belgium – May 28, 2021 – 7h45 am, Crescent NV, Gaston Geenslaan 14, 3001 Heverlee (Euronext Brussels: OPTI) – Option™ is a member of Crescent NV.

More than 13,000 smart LED lights will be implemented in the city of Muscat that are controlled by multiple IoT based smart controllers. 370 Option™ CloudGate IoT gateways are being used to acquire real-time energy consumption of these LED lamps and any alarms. Once implemented, the installation base of more than 20,000 smart streetlamps in the city that are controlled remotely, will save a significant amount of energy for the municipality and will be lowering the carbon footprint in the city.

The agreement to install the system was signed between Muscat Municipality and IMTAC LLC,

“As a global leader in wireless connectivity, we are proud IMTAC LLC selected Option’s Internet of Things CloudGate technology.” said Alain Van den Broeck, CEO of Option™ . “Option’s CloudGate worldwide multi-carrier IoT gateway with its variety of wired interfaces and pre-installed versatile IO card is the perfect fit for this deployment.”

Mukesh Arora, CEO, IMTAC LLC, said, “Option’s CloudGate IoT gateway helped us combine our widely used Industry 4.0 solution with the global best practices in lighting from Signify. IMTAC LLC, through its smart city brand ‘empyreal’ is a leader in Industry 4.0 solution in the areas of municipal operations, building management, urban and social infrastructure, healthcare, water and wastewater management, and manufacturing industries.”

Municipal bodies have the responsibility of providing appropriate lighting levels in the city and at the same time, keep the energy costs to their minimum. Most cities such as Muscat have strategic plans that specify how lighting is to be provided and their intensity to be controlled online for different areas of the city. By doing this there is direct saving in the energy cost.

It is estimated that there are 300 million streetlights in the world, and this market is growing rapidly. In the past, only about 10 to 20 percent of the streetlamps were smart controlled. This is however set to change and grow multiple times per industry estimates.
With lighting accounting for a large portion of a city’s total energy consumption, the need for cost-effective and sustainable options is crucial. Simply switching to LED lighting can result in electricity savings of up to 50 to 60 percent, and by adding smart control systems, the overall energy savings can go up to 80 percent.

 

CONTACT

Edwin Bex

Gaston Geenslaan 14

B-3001 Leuven, Belgium

TEL: +32 (0) 16 31 74 11

FAX: +32 (0) 16 31 74 90

E-mail: investor@option.com

www.option.com

www.crescent-ventures.com

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