Golden Saint Technologies (GST), the London-listed integrated information and communication technology infrastructure solutions provider, has announced partnership with P2 Mobile Technologies to provide Wireless Mesh, a fast and advanced set of ICT tools addressing the growing needs of the Smart City market.
Smart Cities are designed to address and reduce structural inefficiencies, as well as to prepare urban areas for future growth and the coming generations. The aim of hyperconnected, smart cities is to deploy technologies to make optimal use of resources, increase social inclusion and create a better environment.The engineering behind the structure of smart cities combines multiple digital tools such as location sensing, cloud computing and mobile connectivity.
The global ICT market has grown consistently over the last decade. By next year, forecasts show that the global ICT market, including TV and video services, will be worth a total of more than 4.4 trillion euros.The Asia-Pacific region, where the GST hub is located, tops the tables on smart city strategies, making up 42 percent of global investments in smart city technology initiatives.
Research by McKinsey estimates that smart-mobility applications could create up to $70 billion in value, while forecasts suggest that by 2023 the smart cities market will be a US$7.6 billion Telco opportunity for mobile service providers (MSP) and network vendors.
The company announced the new product at the 2018 BICSI Southeast Asia conference in Singapore, with focus on ‘Smart Innovations: Infrastructure to Empower Future Technologies’.
BICSI influences the vision of advancing the global information and communications technology (ICT) industry by connecting ICT professionals with the solutions that inspire revolutionary ICT advancements.
The conference gathered prominent firms within the ICT space and provided a valuable avenue for networking and partnership opportunities: “Through BICSI and other associations, we have good contacts with local ICT installers and system integrators throughout the region,” commented Garies Chong, CEO of GST and BICSI Southeast Asia District Chair.
“This means it is straightforward for GST to reach out to active local partners in the Southeast Asia territories, and to quickly identify and execute on local Wireless Mesh sales opportunities.”
GST is strategically positioned in the ICT (Information and Communication Technology) market and designed to take its place in this sphere. Although the company operates worldwide, its hub is in Asia, where the ICT industry is brewing and expanding at a fast pace, fuelling multiple opportunities for GST.
New technologies are emerging to help build cities that are prepared for sustainable development, population growth and widespread internet access. Such developments address some of the most fundamental problems in urban geography such as housing, infrastructure, traffic, overcrowding, support of increasing population growth and sustainable living for future generations.
Governments in some parts of the world are embracing disruptive technologies such as Internet of Things (IoT), artificial intelligence (AI) and blockchain to create effective solutions for the challenges faced by megacities.
As the global population will continue to grow, urbanisation is expected to add 2.5 billion people to cities across the globe over the next 30 years. The effective use of data and digital tools can provide smart solutions to problems arising from rapidly expanding populations.
The engineering behind the structure of smart cities combines multiple digital tools such as location sensing, cloud computing and mobile connectivity.
McKinsey estimates that smart-mobility applications could create up to $70 billion in value and forecasts suggest that by 2023 the smart cities market will be a US$7.6 billion Telco opportunity for mobile service providers (MSP) and network vendors.
Despite the figures above, the real positive impact of smart cities cannot be measured in economic growth or market size; it is instead reflected in better quality of life, more effective public services and sustainable lifestyle.
It is all about connectivity. Smart cities are, above all, cities made for people. They are designed to address structural inefficiencies and prepare urban areas for future growth and coming generations.
Whilst different locations require specific measures, there seems to be a global move towards smart, sustainable development, supported by disruptive technology. The Asia-Pacific region tops the tables on smart city strategies, making up 42 percent of global investments in smart city technology initiatives.
One of the most populous countries in the world, UN data shows that by 2050, India will have 404 million more people in its cities.
Prime Minister Narendra Modi outlined his vision when he launched a strategy in 2015 to build 100 smart cities in the country. The initiative seeks to invest more than $15 billion over the next few years to build and implement efficient infrastructure and management solutions.
The initiative also aims to attract foreign investment and job opportunities to these locations, promoting them as manufacturing hubs in a forward-thinking country.
Among the projects in the strategy are affordable housing, integrated multi-modal transport, creation and preservation of open spaces, and waste and traffic management, among others.
Each of the selected cities will have a Smart City Centre (SCC), which functions as the city’s technology central system where digital technologies are integrated with social, physical, and environmental aspects of the city, to enable centralised monitoring and decision making.
In the SCC architecture, Internet of Things (IoT) devices such as sensors, GPS equipment and cameras located in open spaces collect and transmit data through a communication network to a central facility. Applications then convert the data and information received into insights to facilitate the decision support system. The SCC structure enables real-time monitoring and quick incident response management in city operations.
Even it is still early days in their Smart Cities mission, results are already visible. In Rajkot, the crime rate has reduced by 18% over the past two quarters. There has also been improvement in traffic, and the monitoring of cleaning work through CCTV camera has led to reduction in instances of littering, public urination, and night-time burning of rubbish.
With a third of the Indian population living in urban areas, the strategy is a way to better accommodate and improve the quality of life of big city inhabitants, making room for sustainable development.
Few nations have understood the potential of technologies as agents of positive change as Singapore has. Singapore is the leading smart city in Asia and second in the worldwide ranking, just behind Copenhagen. The government launched its Smart Nation vision in 2014: “our vision is for Singapore to be a Smart Nation — a nation where people live meaningful and fulfilled lives, enabled seamlessly by technology, offering exciting opportunities for all.”
Impressive results have come from the smart transportation and mobility system which has been in place for more than 10 years. Using sensors to track buses, the data is used to identify problem areas and come up with effective solutions. Identifying where more buses were needed has already “resulted in a 90 percent reduction in crowdedness” and has reduced waiting times on popular services by three to five minutes.
The smart waste management program monitors attached on bin lids collect information on contents and location, with the information is transmitted to a waste management team through a central server. The waste collection team can then optimise route planning with the information provided by the sensors.
In the health sector, Singapore has implemented a central database, which helps doctors keep track of patients’ health records across hospitals, facilitating access to health services and patient record keeping.
As we welcome the fourth industrial revolution and let innovation keep on improving our lives, more systems are set to transform, bringing positive changes to society. Watch this space for more updates on technology projects in emerging markets. Subscribe to our FinancialFox YouTube channel for all the latest developments and news.
Golden Saint Technologies Ltd (GST) preparing for LSE Standard listing as new revenue-generating business
The new incarnation of Golden Saint is about to be listed on the main London market under the ticker of GST: a global technology investment company leveraging on its integrated Information and Communication Technology (ICT) strategy to offer tech solutions worldwide.
GST is the result of a reverse take-over (RTO) of AIM listed Golden Saint Resources (GSR), incorporating the well-established tech business EMS Wiring, which has been supplying governments and large private organisations with intelligent building solutions for the last 20 years.
Although the diamond licenses in Sierra Leone were believed to have good potential, the costs of progressing the work and bringing production to a substantial revenue proved too high for a small company like GSR. The capital required was high and the work to be done before any results could be seen was substantial. Such a business became unfit for an Aim company, as most investors are looking for progress and news. The future looked hard. GSR struggled to keep investor support amid the challenges involved in mining operations, difficult market conditions, and Ebola hitting the country in 2016.
The Board therefore decided to evaluate alternative opportunities to bring back value to its shareholders.
Golden Saint then left the past behind and focused on putting its revenue-generating strategy into action. The right opportunity soon arose through Singaporean contacts in the technology business.
Renowned private equity executive Tone Goh saw the value in taking over GSR, deciding to bring in a profitable Singaporean business he was involved as advisor, EMS Wiring, to fast-track its expansion. In December 2017, after suspension, After being suspended from December 2017, when the EMS deal was announced, Golden Saint Resources delisted from AIM on 24 April 2018. After a share consolidation of 50 for 1 the company started preparing for a new listing on LSE Standard.
“We saw the opportunity in EMS as a business which has cash flow and profits,” said the then CEO of Golden Saint Pierre Fourie, in an interview with FinancialFox. He highlighted that this change in the business’s direction was aimed at giving investors better returns.
Having completed the various pre-Admission steps, Golden Saint is now ready to proceed with Admission. GST builds on its profitable, Integrated ICT business to develop solutions to meet the needs of the ICT industry. Through EMS Wiring, GST has been supplying governments and large private organisations with intelligent building solutions for the last 20 years. This extensive experience bodes well as the company now places itself within one of the fastest-growing markets with opportunities expanding by the minute.
GST’s strategy is to act on the surging opportunities in this space, particularly targeting emerging markets where the demand for ICT infrastructure is rapidly increasing.
The future is Smart Cities:
With the fast-paced developments in ICT driven by widespread IoT gadgets, urban design is about to get a new connotation: smart cities. A smart city is one which uses information and communication technologies to increase operational efficiency, share information with the public and improve both the quality of government services and citizen welfare.
Technology in smart cities is applied to various ends, from gathering geographical data to evaluating energy consumption. Forecasts suggest that by 2023 the smart cities market will be a US$7.6 billion ???Telco??? opportunity for MSPs and network vendors. The aim of hyperconnected, smart cities is to deploy technologies to make optimal use of resources, increase social inclusion and create a better environment.
Golden Saint Technologies is strategically positioned in the ICT (Information and Communication Technology) market and designed to take its place in this space. Although the company operates worldwide, its hub is in Asia, where the ICT industry is brewing and expanding at a fast pace, fuelling multiple opportunities for GST.
GST is at full steam as it has already laid out plans for after the listing: “We are very excited because after our listing we are entering the Indian market on a great opportunity to provide internet infrastructure for one million homes, and we will have good profit from there,” said Chairman Tone Goh, at GST Investor Presentation in London last summer.
CEO Pierre Fourie and Executive Chairman Tone Goh are currently in London to finalise the LSE listing expected for end of October.
Golden Saint has a brand-new website. Visit goldensaint.com.
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