\n\u201cNear was thrilled to partner with the county by providing our data intelligence platform to inform recommendations for improving Kauai\u2019s transportation system,\u201d said Anil Mathews, CEO of Near. \u201cThe insights from our real-world data will help them understand resident and visitor travel patterns, identify intuitive solutions for reducing traffic congestion, and contribute to planning for a more sustainable Kauai.\u201d<\/p>\n
\nKauai attracts more than a million annual visitors, who lease up to 10,000 rental cars daily, and up to 12,000 on long weekends. Between increasing tourist arrivals and residential commuters, the roadways are becoming more congested. With limits on expanding roads and highways, the island turned to technology to gain better insight into its transportation issues.<\/p>\n
\nThe County of Kauai was awarded technical assistance from researchers to study electrification and multi-modal improvements to Kauai\u2019s transportation system. The team started by analyzing visitor survey data from the Hawaii Tourism Authority, Hawaii Department of Transportation data, and anecdotal information about congestion points.<\/p>\n
\nWhile that data provided a piece of the puzzle, the County partnered with Near to supply a sophisticated data intelligence solution that could provide a deeper understanding of actual residential and tourism travel patterns to reveal origins and destinations, distance traveled, and variations across time of day, day of the week, and seasonality.<\/p>\n
\n\u201cOur partnership with Near has provided a key source of data to drive Kauai\u2019s study forward,\u201d said Christina Kaser, Energy Coordinator for the County of Kauai. \u201cThe Near data provides critical insights and validation around travel patterns on the island. Plus, data visualizations the researchers created are incredibly helpful as we work on making the case to key stakeholders to evolve our transportation offerings.\u201d<\/p>\n
\nThe Near project data helped the team answer key questions, including:<\/p>\n
- \n
- \nWhere are the island\u2019s hotspots?<\/p>\n<\/li>\n
- \nWhere are common origin and destination points for visitors and residents?<\/p>\n<\/li>\n
- \nWhat are the main travel corridors based on time of day?<\/p>\n<\/li>\n
- \nHow far do tourists typically drive in a day?<\/p>\n<\/li>\n
- \nWhat do transportation patterns look like at different times of year?<\/p>\n<\/li>\n<\/ul>\n
\nThe County of Kauai analyzed the extensive data points from Near to deliver comprehensive visualizations into a travel pattern analysis report. This report provides insights and recommendations to consider how to reimagine travel on the island by potentially:<\/p>\n
- \n
- \nCreating mobility hubs around the island where tourists can access transportation services<\/p>\n<\/li>\n
- \nIntroducing shuttles and first\/last mile micro-transit solutions<\/p>\n<\/li>\n
- \nIncreasing the availability of micro transportation offerings like bikes and scooters<\/p>\n<\/li>\n
- \nSetting up a public electric charging station network around the island<\/p>\n<\/li>\n
- \nEncouraging use of car share<\/p>\n<\/li>\n
- \nEstablishing satellite car rental locations around the island<\/p>\n<\/li>\n<\/ul>\n
\nThe Near data and visualizations helped the Kauai team validate their anecdotal understanding of travel hotspots and hot corridors, which in turn can be utilized to develop or support future transportation plans and projects. The private sector can also use this project information to help green light specific projects, confirm the need for new routes and offerings for shuttle and tour operators, and decode prime locations for off-airport car rentals.<\/p>\n
\nTo read more about Near\u2019s data in action, please visit the Company\u2019s case study portal<\/a>.<\/p>\n
About Near<\/b><\/p>\n
\nNear, a global, full-stack data intelligence software-as-a-service (\u201cSaaS\u201d) platform curates one of the world\u2019s largest sources of intelligence on people, places, and products. The Near platform\u2019s patented technology processes data from an estimated 1.6 billion unique user IDs and 70 million points of interests, in more than 44 countries. Near\u2019s data and insights empower marketing and operations teams to understand consumers\u2019 online and offline behaviors, affinities, and attributes in order to engage them and grow their businesses. With a presence in Los Angeles, Paris, Bangalore, Singapore, Sydney, and Tokyo, Near serves scaled enterprises in retail, real estate, restaurant\/QSR, travel\/tourism, telecom, and financial services. For more information, please visit https:\/\/near.com<\/a><\/p>\n
Forward-Looking Statements<\/b><\/p>\n
\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are any statements that look to future events and include, but are not limited to, statements regarding Near\u2019s business strategy; the expected benefits of use of Near\u2019s solutions; Near\u2019s ability to attract new clients to purchase its solutions; market acceptance of Near\u2019s solutions; and Near\u2019s expectations or beliefs concerning future events. In addition, the words \u201canticipates,\u201d \u201cappear,\u201d \u201capproximate,\u201d \u201cbelieve,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforesee,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cshould,\u201d \u201cwould\u201d and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are neither historical facts nor assurances of future performance, and are based only on Near\u2019s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Near\u2019s control. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause Near\u2019s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the future financial and operational performance of Near; Near\u2019s expansion plans and opportunities; Near\u2019s limited operating history makes it difficult to evaluate its current business and future prospects; Near\u2019s ability to comply with the covenants in the agreements governing its indebtedness, including with respect to capital raising and minimum liquidity; the high degree of uncertainty of the level of demand for and market utilization of Near\u2019s solutions and products; substantial regulation and the potential for unfavorable changes to, or failure by Near to comply with, these regulations, which could substantially harm Near\u2019s business and operating results; Near\u2019s ability to generate sufficient revenue to achieve and sustain profitability; Near\u2019s dependency upon third-party service providers for certain technologies; increases in costs, disruption of supply or shortage of materials, which could harm Near\u2019s business; developments and projections relating to Near\u2019s competitors and industry; the Near management team\u2019s limited experience managing a public company; the possibility of Near\u2019s need to defend itself against fines, penalties and injunctions if Near is determined to be promoting products for unapproved uses; concentration of ownership among Near\u2019s existing executive officers, directors and their respective affiliates, which may prevent new investors from influencing significant corporate decisions; the ability to maintain the listing of Near common stock or Near warrants on Nasdaq; costs related to the recent business combination transaction; if the benefits of the business combination transaction do not meet the expectations of investors or securities analysts, the potential for the market price of Near\u2019s securities to decline; the risk that Near\u2019s significant increased expenses and administrative burdens as a public company could have an adverse effect on Near\u2019s business, financial condition and results of operations; the impact of health epidemics, such as the COVID-19 pandemic, on Near\u2019s business, financial condition, growth and the actions it may take in response thereto; and other risks and uncertainties identified in Near\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including in the Registration Statement on Form S-4 (No. 333-265952), as amended, and the Current Report on Form 8-K dated March 23, 2023. Forward-looking statements are based only on information currently available to Near and speak only as of the date made. Near does not undertake any obligation to update or revise the forward-looking statements to reflect events that occur or circumstances that exist after the date on which such statements were made, except to the extent required by law.<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230425005118\/en\/<\/a><\/span><\/p>\n
Near
\n<\/b>
Media Inquiries
\n<\/i>
Kat Harwood, Near
\n
PR@near.com
\n<\/a><\/p>\nInvestor Relations
\n<\/i>
Marc P. Griffin, ICR
\n
Marc.Griffin@icrinc.com<\/a><\/p>\nKEYWORDS:<\/b> California Hawaii United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Software Internet Data Management Public Transport Technology State\/Local Construction & Property Other Transport Urban Planning Transport Other Technology Public Policy\/Government<\/p>\n
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