SMATS Clientele Will Leverage the Electric power of Wejo’s Related Vehicle Details to Create Safer, Far more Sustainable Roadways
OTTAWA, Canada & MANCHESTER, England, August 04, 2021–(Business enterprise WIRE)–Wejo, a world wide chief in linked auto data, these days declared that SMATS Targeted traffic Options, the marketplace leader in sensible mobility and traffic management solutions, has picked out its remedy to deal with the want for reputable, really correct, focused visitors info. Wejo will allow for SMATS to present facts inside of its SaaS resolution, resulting in far more accessible, accurate, and expansive site visitors knowledge for consumers.
The mixture of Wejo superior-resolution related car or truck facts supplied by means of the Adept™ service and SMATS iNode™ info analytics platform will make it possible for organizations to access a prosperity of historical and latest data without having the require for physical sensor installation or long term maintenance. Details can be accessed utilizing cloud-based mostly details exchange platforms and follows all privacy laws and legislations.
“At SMATS, we are fully commited to leveraging responsible, innovative traffic knowledge to aid our shoppers achieve their traffic task ambitions speedier and much better” mentioned Amir Ghods, CEO at SMATS. “We’re enthusiastic to announce that we will be operating with Wejo, a earth chief in connected motor vehicle details, to further our mission and handle the shifting needs of our customers. As connected automobiles grow to be much more frequent and the marketplace grows, this partnership will add to the protection, effectiveness and sustainability of roadways and transportation devices.”
With Wejo, clients can accessibility essential metrics for corridor analysis, intersection evaluation, origin-location examination, driver occasions, and area details visualizations, all simply visualized through the iNode™ system. With coverage of 95% of streets in the United States and the means to deliver data from cars and trucks to shoppers in beneath 32 seconds, Wejo and SMATS can provide quicker, far more exact targeted visitors details.
“We’re fully commited to operating with like-minded businesses that assist us realize our best mission – leveraging the energy of connected auto, which is why we discover our solutions and solutions with Information For Very goodTM,” mentioned Richard Barlow, CEO at Wejo. “This enjoyable new relationship will make it possible for shoppers to quickly access a large amount of money of knowledge that will in the end develop safer roadways and a better, extra sustainable driving experience for all.”
Additional vehicles on the highway are related and equipped to produce up to 30 terabytes of details each individual working day, generating them facts loaded info hubs for site visitors planners and engineers. By combining Wejo substantial resolution linked automobile knowledge with an obtainable analytics platform and seasoned crew, shoppers can simply accessibility superior, in-depth, reliable website traffic facts.
This information arrives on the heels’ of Wejo’s the latest announcement that it has partnered with business leaders Microsoft (NASDAQ: MSFT) (“Microsoft”), Palantir (NYSE: PLTR) and Sompo Holdings (TYO: 8630) (“Sompo”) to progress the chopping-edge programs of connected car data all over the world. Wejo also just lately introduced that it is in a definitive settlement to enter a business enterprise blend with Virtuoso Acquisition Corp. (NASDAQ: VOSO) in a transaction expected to close later this yr.
Founded in 2015, SMATS Site visitors Methods specializes in components and application remedies for good mobility website traffic data assortment and evaluation. Our engineering is utilized to evaluate millions of world commuters’ visitors designs just about every and every single day. From vacation time and sign analytics to origin-spot studies, our technologies handles a plethora of use conditions that have served State Departments of Transportation, Counties, Cities, and Ports.
Wejo is a global chief in linked car or truck facts, revolutionizing the way we are living, function and travel by transforming and deciphering historic and true-time automobile info. The business permits smarter mobility by arranging trillions of data points from more than 11 million cars and more than 48 billion journeys globally, across multiple models, would make and products, and then standardizing and improving these streams of knowledge on a huge scale. Wejo associates with ethical, like-minded organizations and companies to change that facts into insights that unlock price for consumers. With the most extensive and reliable info, data and intelligence, Wejo is making a smarter, safer, more sustainable entire world for all. Established in 2014, Wejo employs a lot more than 200 people today and has offices in Manchester in the United kingdom and in areas where Wejo does business close to the planet. For a lot more facts, stop by: www.wejo.com
This interaction contains “ahead-searching statements” inside the indicating of the “secure harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. These ahead-hunting statements are delivered for illustrative reasons only and are not meant to provide as, and must not be relied on by any investor as, a ensure, an assurance, a prediction or a definitive assertion of actuality or likelihood. Virtuoso Acquisition Corp.’s (“Virtuoso”) and Wejo Limited’s, a non-public confined business incorporated underneath the laws of England and Wales with company range 08813730 (“Wejo”) genuine outcomes might vary from their expectations, estimates, and projections and, consequently, you must not depend on these forward-searching statements as predictions of future events. Words these as “hope,” “estimate,” “task,” “funds,” “forecast,” “foresee,” “intend,” “strategy,” “might,” “will,” “could,” “must,” “thinks,” “predicts,” “probable,” “go on,” and very similar expressions (or the damaging versions of this sort of phrases or expressions) are intended to discover this kind of ahead-wanting statements. These forward-searching statements include things like, devoid of limitation, Virtuoso’s and Wejo’s expectations with respect to foreseeable future overall performance and expected economic impacts of the proposed enterprise combination, the fulfillment or waiver of the closing conditions to the proposed business enterprise combination, and the timing of the completion of the proposed business mixture.
These ahead-wanting statements entail substantial risks and uncertainties that could cause the real effects to vary materially, and perhaps adversely, from those people expressed or implied in the ahead-seeking statements. Most of these factors are outside the house Virtuoso’s and Wejo’s management and are challenging to forecast. Variables that could lead to these types of variances involve, but are not confined to: (i) the prevalence of any party, adjust, or other situation that could give increase to the termination of the Arrangement and Plan of Merger (the “Merger Arrangement”) (ii) the consequence of any lawful proceedings that might be instituted towards Virtuoso, Wejo Team Confined, a business integrated under the legal guidelines of Bermuda (the “Corporation”) and/or Wejo next the announcement of the Merger Arrangement and the transactions contemplated therein (iii) the inability to entire the proposed business mixture, which include owing to failure to get hold of acceptance of the stockholders of Virtuoso, specific regulatory approvals, or the gratification of other circumstances to closing in the Merger Settlement (iv) the incidence of any function, adjust, or other circumstance that could give increase to the termination of the Merger Settlement or could normally lead to the transaction to are unsuccessful to shut (v) the impression of the COVID-19 pandemic on Wejo’s small business and/or the means of the parties to complete the proposed business enterprise blend (vi) the incapacity to obtain or maintain the listing of the Company’s typical shares on the Nasdaq Inventory Sector next the proposed organization mixture (vii) the possibility that the proposed business enterprise mixture disrupts present-day designs and operations as a outcome of the announcement and consummation of the proposed business enterprise combination (viii) the ability to recognize the predicted gains of the proposed organization blend, which may be afflicted by, among the other things, level of competition, the capability of Wejo to increase and regulate expansion profitably, and keep its crucial workforce (ix) expenditures relevant to the proposed company mix (x) adjustments in applicable regulations or laws and (xi) the likelihood that Wejo, Virtuoso or the Firm may perhaps be adversely impacted by other economic, business enterprise, and/or competitive factors. The foregoing listing of components is not exceptional. Extra information and facts concerning particular of these and other danger aspects is contained in Virtuoso’s most recent filings with the SEC and is contained in the Company’s preliminary Sort S-4 (the “Variety S-4”), which was submitted on July 16, 2021, including the preliminary proxy assertion/prospectus predicted to be filed in link with the proposed enterprise mix. All subsequent composed and oral ahead-looking statements relating to Virtuoso, Wejo or the Company, the transactions explained herein or other matters and attributable to Virtuoso, the Corporation or any particular person performing on their behalf are expressly qualified in their entirety by the cautionary statements previously mentioned. Readers are cautioned not to put undue reliance on any forward-searching statements, which converse only as of the date produced. Just about every of Virtuoso, Wejo and the Corporation expressly disclaims any obligations or undertaking to launch publicly any updates or revisions to any ahead-hunting statements contained herein to reflect any change in their expectations with respect thereto or any adjust in occasions, conditions, or circumstances on which any statement is centered, except as expected by legislation.
No Supply or Solicitation.
This communication is not a proxy statement or solicitation of a proxy, consent, or authorization with regard to any securities or in regard of the proposed business enterprise combination and shall not constitute an supply to promote or a solicitation of an supply to get the securities of Virtuoso, the Firm or Wejo, nor shall there be any sale of any such securities in any condition or jurisdiction in which this kind of supply, solicitation, or sale would be illegal prior to registration or qualification less than the securities regulations of these types of condition or jurisdiction. No present of securities shall be made apart from by usually means of a prospectus meeting the requirements of Portion 10 of the Securities Act of 1933, as amended, or exemptions therefrom.
Significant Information About the Proposed Business Mixture and Wherever to Uncover It.
In link with the proposed business enterprise blend, a preliminary registration assertion on Sort S-4 was filed by the Organization with the SEC on July 16, 2021. The Form S-4 involved preliminary proxy statements to be dispersed to holders of Virtuoso’s common stock in link with Virtuoso’s solicitation for proxies for the vote by Virtuoso’s stockholders in connection with the proposed enterprise mix and other issues as explained in the Form S-4, as well as a prospectus of the Organization relating to the supply of the securities to be issued in relationship with the completion of the business blend. Virtuoso, Wejo and the Firm urge buyers, stockholders and other fascinated individuals to browse the Form S-4, including the proxy statement/prospectus integrated by reference therein, as effectively as other documents filed with the SEC in connection with the proposed business blend, as these components consist of significant facts about Wejo, Virtuoso, and the proposed business mix. This sort of people can also go through Virtuoso’s last prospectus dated January 21, 2021 (SEC File No. 333-251781), for a description of the security holdings of Virtuoso’s officers and administrators and their respective pursuits as security holders in the consummation of the proposed company mix. Following the Type S-4 has been declared powerful, the definitive proxy assertion/prospectus will be mailed to Virtuoso’s stockholders as of a report day to be recognized for voting on the proposed business mix. Stockholders will also be equipped to attain copies of these kinds of files, without cost, at the SEC’s web site at www.sec.gov, or by directing a ask for to: Virtuoso Acquisition Corp., 180 Publish Road East, Westport, CT 06880, or (203) 227-1978. These files can also be received, devoid of cost, at the SEC’s world-wide-web website (http://www.sec.gov).
Investment IN ANY SECURITIES Described HEREIN HAS NOT BEEN Authorized OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY Handed Upon OR ENDORSED THE Deserves OF THE Providing OR THE Precision OR ADEQUACY OF THE Information CONTAINED HEREIN. ANY Illustration TO THE Opposite IS A Felony OFFENSE.
Participants in the Solicitation.
Virtuoso, Wejo, the Business and their respective directors, government officers and other users of their administration and staff members, beneath SEC guidelines, may well be deemed to be contributors in the solicitation of proxies of Virtuoso’s stockholders in link with the proposed business mixture. Buyers and protection holders may well attain extra comprehensive info relating to the names, affiliations and pursuits of Virtuoso’s directors and executive officers in Virtuoso’s last prospectus dated January 21, 2021 (SEC File No. 333-251781), which was submitted with the SEC on January 26, 2021. Information and facts about the persons who may well, less than SEC guidelines, be considered participants in the solicitation of proxies of Virtuoso’s stockholders in link with the proposed small business mixture will be established forth in the proxy assertion/prospectus for the proposed business enterprise blend when obtainable. Data about the interests of Virtuoso’s and Wejo’s members in the solicitation, which may perhaps, in some scenarios, be different than those of Virtuoso’s and Wejo’s equity holders commonly, will be set forth in the proxy statement/prospectus relating to the proposed business enterprise blend when it gets to be accessible.
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SMATS Website traffic Solutions
Shannon Casey/Emily Lospennato
Arbor Advisory Team