Viper Networks Signs Agreement for Smart Cities Projects Funding with Global Sustainable Initiatives, Inc.
The agreement is contingent on the State of Illinois providing funding or any other funding Global Sustainable Initiatives is able to secure.
- The agreement is contingent on the State of Illinois providing funding or any other funding Global Sustainable Initiatives is able to secure.
- Viper Networks will be the exclusive design, build, operate and transfer (DBOT) with Global Sustainable Initiatives who will hold real estate and license agreements with government agencies to raise private funding and attract public funding for additional Smart Cities projects.
- All net revenues generated from smart lights and poles will be shared 50/50 between Viper Networks and Global Sustainable.
- The first phase is targeting installation of smart poles by early 2023, with approximately 2,000 total smart poles to be completed by 2025.