Helbiz Partners with Fantasmo to Integrate Innovative E-Scooter Parking Technology
Helbiz Inc. (NASDAQ: HLBZ) announced a partnership with Fantasmo to integrate its Camera Positioning Standard (CPS) technology into Helbiz’s e-scooter app. This technology allows precise detection of e-scooter locations with an accuracy of 8 inches or less, enhancing street safety in Miami, Florida. Riders will scan a QR code and surrounding area to ensure e-scooters are parked correctly, promoting responsible usage. The integration aims to reduce sidewalk clutter and improve overall safety for users and pedestrians.
- Partnership with Fantasmo may enhance e-scooter safety and management.
- Integration of advanced CPS technology allows precise parking validation.
- Plans to expand technology roll-out beyond Miami indicate growth potential.
- None.
Camera Positioning Standard technology designed to improve street safety
Fantasmo’s Camera Positioning Standard (CPS) technology can detect the exact location of e-scooters and validate parking within 8 inches or less with a phone camera alone, resulting in a safer experience for riders, pedestrians and cities. To unlock and park each e-scooter, riders will scan the QR code and surrounding area with their phone camera, which notifies
“We are committed to educating our riders with proper e-scooter parking and safety measures and this partnership with Fantasmo takes that commitment a step further,” said
“We're excited to be working with
About
About Fantasmo
Fantasmo is replacing GPS with cameras to improve the ability of machines to understand the world around them. GPS heavily degrades in urban environments and is nearly non-existent indoors. Fantasmo’s solution is ten times more accurate than GPS with the ability to operate outdoors and indoors, without infrastructure or connectivity requirements. Fantasmo solves challenges for a range of applications including shared micro-mobility, last-mile logistics, visually impaired navigation, and many more. The US-based company (also with a presence in
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the
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