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MarketScreener Homepage  >  Equities  >  Nyse  >  Southern Company    SO

SOUTHERN COMPANY

(SO)
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Southern : Velocity AI Shines a Bright Light on New Revenue Opportunities for Local Governments and Global Businesses

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05/29/2020 | 03:01am EDT

Velocity AI teamed with Georgia Power, a subsidiary of Southern Company, AT&T and Current to test intelligent lighting solutions in Atlanta, GA, USA. Velocity AI will collaborate with Georgia Power and the Southern Company Energy Innovation center to use data to create new Internet of Things (IoT) business models and revenue streams.

Atlanta, GA, May 29, 2020 --(PR.com)-- Velocity AI is a global artificial intelligence company and network of cloud solution providers that work together to accelerate growth with AI.

Velocity AI teamed with Georgia Power, a subsidiary of Southern Company, AT&T and Current to test intelligent lighting solutions in Atlanta, GA, USA. Velocity AI will collaborate with Georgia Power and the Southern Company Energy Innovation center to use data to create new Internet of Things (IoT) business models and revenue streams.

The City of Atlanta and Georgia Power will be piloting Current’s new IoT sensor platform for cities and installing 1,000 wirelessly controlled LED lights. As part of the smart cities pilot, the companies will test these intelligent technologies to help the city make improvements in three key focus areas:
· Mobility – reduce traffic congestion and decrease average commute times
· Public safety – improve response time and reduce crime in defined areas
· Environment – Reduce emissions and greenhouse gases

The companies will test the intelligent lighting solutions in 5 areas of Atlanta. This includes the North Avenue Corridor, where AT&T will test other smart cities solutions. Additional areas include the Buckhead Loop – a major business, retail and entertainment district, and around Atlanta’s new professional football stadium.

Contact Information:
Velocity AI
Johnny Benton
678-663-5283
Contact via Email
www.velocity-ai.com

Read the full story here: https://www.pr.com/press-release/813586

Press Release Distributed by PR.com

Copyright © 2020 PR.com and its licensors , source US Press Releases

Stocks mentioned in the article
ChangeLast1st jan.
AT&T INC. 2.00% 30.13 Delayed Quote.-22.90%
SOUTHERN COMPANY 2.48% 53.23 Delayed Quote.-18.46%
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Financials (USD)
Sales 2020 21 710 M - -
Net income 2020 3 290 M - -
Net Debt 2020 50 036 M - -
P/E ratio 2020 17,0x
Yield 2020 4,78%
Capitalization 56 209 M 56 209 M -
EV / Sales 2019
EV / Sales 2020 4,89x
Nbr of Employees 27 943
Free-Float 99,8%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 19
Average target price 60,26 $
Last Close Price 53,23 $
Spread / Highest target 33,4%
Spread / Average Target 13,2%
Spread / Lowest Target -0,43%
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Managers
NameTitle
Thomas A. Fanning Chairman, President & Chief Executive Officer
Andrew W. Evans Chief Financial Officer & Executive Vice President
Mark Berry Head-Research & Development
Donald M. James Independent Director
William G. Smith Independent Director
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