Streetline and Siemens Partner on Parking Solution

PITTSBURGH, May 25, 2011 -- Streetline, Inc. and Siemens announced today at the International Parking Institute Conference and Expo in Pittsburgh that Streetline and Republic Intelligent Transportation Services, Inc., a subsidiary of Siemens, will work together on the installation and maintenance of Streetline's smart parking platform including its wireless sensor network as it expands throughout the United States.

Streetline is a global provider of smart parking solutions for cities, airports, universities and private garages, while Siemens is a leader in the U.S. transportation services and support industry. The relationship will leverage Streetline's smart parking technology and Republic's intelligent transportation services, creating a new "go-to-market" platform that will strengthen customer service and enable market expansion.

"The installation and transportation expertise Siemens can provide is critical as we deploy our sensor network in multiple locations and ensure our smart parking platform is being properly installed and maintained in locations throughout the United States," said Zia Yusuf, CEO of Streetline.

"Smart parking solutions can significantly reduce traffic and congestion in cities, improving air quality and in turn quality of life," said Terry Heath, vice president, Complete Transportation, Siemens Industry, Inc. "We look forward to leveraging our service and maintenance capabilities to help Streetline's innovative smart parking platform continue its aggressive growth into new markets."

This partnership represents the second time Streetline and Siemens have collaborated. Last fall the companies joined forces to jointly market a range of smart parking products and services for municipalities, airports, universities and private parking operators.

About Streetline, Inc.

Streetline's mission is to make smart cities a reality through the use of sensor-enabled mobile and web applications. As the leading global provider of smart parking solutions to cities, airports, universities, and private garages, Streetline's pioneering technology connects citizens with critical information to improve the way they live and work, while making cities more efficient and lessening their environmental impact. Streetline is a privately held company headquartered in San Francisco, Calif. with smart-parking deployments in California, Washington D.C., Maryland, New York, Texas and Utah. For more information visit: www.streetlinenetworks.com.

About Siemens

Siemens Industry, Inc. is the U.S. affiliate of Siemens' global Industry Sector business—the world's leading supplier of production, transportation and building technology solutions. The company's integrated hardware and software technologies enable comprehensive industry-specific solutions for industrial and infrastructure providers to increase their productivity, sustainability and profitability. The Industry Sector includes six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram Sylvania. With nearly 204,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $4.7 billion on revenues of $47.3 billion in fiscal 2010.