NextBillion.ai and GeoJunxion Launch World’s First LEZ-Focused Routing APIs
Capelle aan den IJssel, the Netherlands, 21 June 2022 – Location and mapping technology has always and will continue to play an important role in solving the biggest environmental problems that we are facing today. Addressing climate challenges in this location-first world that thrives on movement — be it people, goods or resources — calls for innovative geospatial solutions.
The partnership between NextBillion.ai, an industry-leading spatial data + AI platform and GeoJunxion (GOJXN.AS), the leading Low Emission Zones and Restricted Traffic Areas data provider is proof of that. This strategic cooperation will help to improve the effectiveness of the Low Emission Zone (LEZ) — an initiative that is designed to protect the environment.
First routing platform designed for LEZ
At present, delivery companies pay hundreds of thousands of euros per year in penalties and fees for delivering goods in or driving non-conforming vehicles through LEZ.
Through this collaboration, the two location-tech companies will deliver the first logistics optimization and routing platform tailored to the European Low Emission Zones.
Logistics software developers will get access to first-of-its-kind routing and optimization APIs that account for the rules and regulations governing the low emission zone boundaries across Europe.
With the NextBillion.ai + GeoJunxion solution, deliveries within an LEZ are allocated to LEZ-compliant vehicles only. And non-low-emission vehicles are routed around, rather than through these areas to dodge hefty penalties.
Alleviating the logistics and delivery industry’s pain points
For this LEZ-focused routing and optimization APIs, NextBillion.ai is providing both the optimizer to assign adequate orders to vehicles that meet the LEZ emissions standard and the Road Editor tool to prevent vehicles that fail to meet the standard from entering the zone.
With the release of this mapping solution, NextBillion.ai continues to expand its capabilities and address the unique needs of the logistics and delivery industry.
The mapping, routing and optimization platform can efficiently:
- Generate custom geocodes for pinpointing the exact delivery location
- Incorporate temporary or permanent road/area restrictions where deliveries cannot be made throughout the day
- Leverage historical speed profiles in large distance matrixes
- Provide real-time traffic-aware ETAs that keep drivers, dispatchers and customers informed about the precise delivery times
- Provide reliable and scalable truck routing
NextBillion.ai’s Navigation SDK and app utilize these custom features to provide turn-by-turn guidance to drivers.
“As a young company in the geospatial data space, we are excited about collaborating with GeoJunxion, which has been around for nearly four decades in the mapping industry. We look forward to developing more sustainable and green mapping solutions powered by their location-aware content and customized location intelligence,” said Ajay Bulusu, co-founder of NextBillion.ai.
Building sustainable applications for a better world
The LEZ-centered routing solution will be the newest addition to GeoJunxion’s expansive portfolio of environmentally-conscious applications.
GeoJunxion’s API with up-to-date European LEZ geometries and a rich set of relevant attributes is powering this solution.
For this project, GeoJunxion is using its existing database of over 2,500 Low Emission Zones and Restricted Traffic Areas. It contains information about all the areas in cities with:
- Low Emission Zones (LEZ)
- Ultra-Low Emission Zones (ULEZ)
- Clean Air Zones (CAZ)
- Limited Traffic Zones (ZTL)
- Zero Emission Zones (ZEZ)
- Congestion zones
- Environmental zones
The rules, fees, restrictions and fines associated with these areas vary hugely from country to country. GeoJunxion’s database currently includes 2,500+ zones around the world. Most of the zones are located in Europe, where new zones are created on a regular basis.
Ivo Vleeschouwers, GeoJunxion’s CEO/CFO stated: “Traveling nowadays, either on a personal or professional level, is continuously influenced by an ever-increasing number of restricted zones. This proof-of-concept with NextBillion.ai shows the value of implementing Low Emission Zones in the logistics and delivery industry solution. By combining the NextBillion.ai platform with the specific environmental rules and restrictions, we created the first logistics optimization and routing platform tailored to the European Low Emission Zones and other Restricted Traffic Areas.”
Optimizing cost and emissions
This partnership will enable NextBillion.ai and GeoJunxion’s customers to efficiently plan routes and deliveries in LEZ-regulated areas — a capability that existing mapping providers don’t support/offer presently.
The exclusive solution will help businesses to boost efficiency, reduce costs and maximize ETA accuracy.
Nextbillion and Geojunxion invite interested parties to view a demo of the solution online or in person at Home Delivery World taking place in Amsterdam from June 22-23. More info: https://www.rai.nl/en/calendar/home-delivery/
---END---
About GeoJunxion
GeoJunxion is the crossroads where fundamental, location-aware content connects with superior, customised intelligence and highly focused innovations to empower exceptional experiences. With an emphasis on safety and sustainability, we are constantly expanding our portfolio to meet the demands of a diverse and fast-evolving market. Building on decades of experience in mapping, the company focuses on high value, dynamic content and building environmentally conscious applications, which enrich safety in everyday life. With location-aware content at our core, we know where our strengths lie and have the know-how and technology needed to offer unrivalled, intelligent products and services. GeoJunxion NV is listed on the regulated market of Euronext Amsterdam, under the symbol GOJXN.AS.
About NextBillion.ai
NextBillion.ai is a spatial data platform that helps enterprises manage location data and adopt an AI-first approach at scale for every use case and geography. The company enables enterprises to tackle highly complex location problems with the help of tailored location and navigation technology solutions. NextBillion.ai offers location tools and APIs to enterprises such as last-mile delivery, telematics, logistics, transport, food delivery, automotive, and ride-hailing/ride-sharing.
GeoJunxion Press Contact
Tel: +31 (0)10 885 1200
Email: info@geojunxion.com
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Junshi Biosciences Announces NDA Acceptance in Hong Kong for Toripalimab25.4.2024 04:11:25 CEST | Press release
SHANGHAI, China, April 24, 2024 (GLOBE NEWSWIRE) -- Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences,” HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced that the Drug Office, Department of Health, the Government of the Hong Kong Special Administrative Region (“DO”) has recently accepted the New Drug Application (“NDA”) for toripalimab in combination with cisplatin and gemcitabine for the first-line treatment of adults with metastatic or recurrent locally advanced nasopharyngeal carcinoma (“NPC”), and as a single agent for the treatment of adults with recurrent, unresectable, or metastatic NPC with disease progression on or after platinum-containing chemotherapy. The NDA is supported by results from JUPITER-02, a randomized, double-blind, placebo-controlled, multinational multi-center Phase 3 clinical study (NCT03581786) that examined toripalimab in combina
Net Income of R$ 55.3 mm in 1Q24, a 90.1% Increase YOY and Leases EBITDA Margin of 72.1%25.4.2024 02:58:18 CEST | Press release
On track to deliver 2024 Record Production of 500,000 sqm of GLA BELO HORIZONTE, Brazil, April 24, 2024 (GLOBE NEWSWIRE) -- Log Commercial Properties (B3: LOGG3), a leading developer of greenfield assets and lessor of Class A logistics warehouses in Brazil, is pleased to announce its financial results for the first quarter. 1Q24 Operational Highlights: Deliveries totaling 57,000 sqm of GLA were completed with a 100% pre-lease rateMilestone of 2.0 million sqm of GLA historically delivered by the CompanyGross absorption of 134,000 sqm of GLAStabilized vacancy of 0.91%,Same Client Rent of 1,9%, above inflation for the 7th consecutive quarter 1Q24 Financial Highlights: Strong EBITDA of R$ 74.0 million in 1Q24, with a growth of 36.4%EBITDA from leases of R$ 38.8 million and a margin of 72.1% in 1Q24Asset recycling of R$ 1.7 billion in the last 12 monthsAdjusted net debt reduction of 37.4%, totaling R$ 744.3 million in 1Q24Adjusted leverage of 0.8x considering the asset sales in April Manage
Elavon and FreedomPay to transform payments for hospitality and retail in Europe25.4.2024 01:01:00 CEST | Press release
LONDON, April 24, 2024 (GLOBE NEWSWIRE) -- Elavon, a leading global payments provider, today announces its expanded collaboration in Europe with FreedomPay, a global leader in Next Level Commerce™ technologies. The partnership aims to deliver cutting-edge integrated commerce solutions and omni-channel payments technology to large enterprise merchants across Retail and Hospitality. The agreement pairs Elavon acquiring with FreedomPay commerce technologies to benefit Elavon merchants across Europe, empowering businesses with enhanced payment flexibility and optionality, data security, and a seamlessly integrated payments technology across both physical and ecommerce channels. “Elavon and FreedomPay have an enviable track record in Europe of helping hospitality and retail merchants grow their operations and better meet their customers’ needs,” said Hemlata Narasimhan, President of Elavon in Europe. “We’re pleased to extend our relationship with FreedomPay to continue to offer the first-cl
Ensurge Micropower ASA - Grant of Incentive Subscription Rights24.4.2024 23:30:00 CEST | Press release
The Board of Directors of Ensurge Micropower ASA (the "Company") resolved on 24 April 2024 to issue a total of 202,200 incentive subscription rights to employees in the Ensurge group. The grants were made under the Company's 2023 incentive subscription rights plan, as resolved at the Annual General Meeting on 24 May 2023, and amended on the Extraordinary General Meeting held on 10 November 2023. The exercise price of the subscription rights is calculated to NOK 1.2640 per share. The subscription rights expire on 24 May 2028. The subscription rights follow the terms and conditions of the 2023 subscription rights incentive plan. Following the grant there are 46,057,881 incentive subscription rights issued and outstanding in the Company. For more information, please contact: Lars Eikeland, Chief Executive Officer E- mail: lars.eikeland@ensurge.com This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Bombardier Unveils Bold New Brand Identity Worldwide as Company Soars Toward an Ambitious Future24.4.2024 23:12:07 CEST | Press release
A new logo celebrates the company’s successful shift toward pure-play business aviation. The symbol itself, the Bombardier Mach, features the silhouette of an aircraft breaking the sound barrier, while the strokes of wind over a wing reference the company’s heritageThe employee value proposition “where heart meets mastery” focuses on Bombardier’s talented people, celebrating the workforce’s renowned passion, its incredible craftsmanship and profound technological expertise MONTRÉAL, April 24, 2024 (GLOBE NEWSWIRE) -- Bombardier, the worldwide leader in business aviation, today unveiled a new brand identity anchored by the evolution of the company’s logo. As Bombardier successfully moves forward as a company with a sole focus on designing, building and servicing the world’s best business jets, the new brand identity will reinforce and propel the company’s unique approach to its customers and stakeholders—putting people at the centre and instilling a one-of-a-kind sense of family. Bombar