Cisco And San Francisco Partner On Sustainable 21st Century San Francisco Project
Dec 02, 2009 (FinancialWire via COMTEX) --
Company: Cisco Systems, Inc. (CSCO)
(Comment on this article at http://www.financialwire.net/2009/12/02/cisco-and-san-francisco-partner-on-sustainable-21st-century-san-francisco-project/)
December 2, 2009 (FinancialWire) -- Cisco (NASDAQ: CSCO) signed an agreement in principal with the city of San Francisco during Mayor Gavin Newsom's visit to Bangalore to develop a joint vision for a Sustainable 21st Century San Francisco.
The agreement in principal outlines the potential for Cisco and the city to collaborate in exploring a Living Innovation Laboratory within a new United Nations Global Compact Center on the Hunters Point Shipyard in San Francisco, a facility that will address global warming and support social and economic innovation. As part of the understanding, Cisco and the city will also explore drawing on Cisco Smart+Connected Communities expertise in multiple projects in San Francisco.
The agreement in principal was signed at Cisco's Globalisation Centre East, an environmentally sustainable campus in Bangalore that serves as a showcase for urban development solutions. The Cisco Smart+Connected Communities initiative is designed to provide cities and communities with smart and connected solutions for utilities, safety and security, connected real estate, transportation, health care, learning, sports venues, and government services.
The City and County of San Francisco is undertaking the development of a number of major sustainable urban development projects, at locations including the Hunters Point Shipyard and Treasure Island (HPS Connected Communities) and in connection with the new Transbay Transit Center. The city envisions revitalizing these underutilized properties into some of the most innovative sustainable urban development projects in North America.
Together, the projects at Hunters Point, Candlestick Point and Treasure Island are expected to create new residential units for 60,000 occupants, generate as many as 30,000 construction jobs and 10,000 permanent employment opportunities. The new UNGC Center on the Hunters Point Shipyard will include offices for the UNGC, a major conference center and incubator space for emerging technology companies with a particular focus on "green tech" businesses.
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Company: Cisco Systems, Inc. (CSCO)
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