SNGULAR and Ferrovial Forge a Strategic Partnership to Drive AI Adoption in Sustainable Infrastructure

• SNGULAR and Ferrovial join forces to advance in developing digital solutions based in IoT and AI in the field of infrastructure in the United States.

• The agreement is part of a technological partnership to shape the future of highways.

• The partners have been collaborating since 2018 on developing innovative digital solutions.

Madrid, June 21, 2023 - SNGULAR and Ferrovial have formalized a strategic alliance to develop joint solutions that transform the infrastructure sector through digital products based on artificial intelligence and the Internet of Things. The partnership advances the company's commitment to industry digitization, ensuring a sustainable impact.

In this strategic collaboration, both companies will spearhead the digitalization of Ferrovial's operations, driving advancements in construction methods, optimizing renewable energy utilization in buildings and data centers, and pioneering innovative technological initiatives and solutions. The overarching goal is to facilitate sustainable development and pave the way for a net-zero emissions future in the construction and infrastructure management market.

"This agreement marks yet another significant stride towards our ambition of leading the transformation of the infrastructure sector. The combination of technologies such as the Internet of Things and Artificial Intelligence applied to our industry will improve the way we operate and the service we provide to citizens," remarked Dimitris Bountolos, Director General of Information Systems and Innovation at Ferrovial.

"SNGULAR has been dedicated to transforming industries through technology for many years. This alliance solidifies our position as a key player in the infrastructure sector and strengthens our capacity to export Spanish technology to diverse regions," affirmed Sarah Harmon, Global CEO of SNGULAR.

A successful collaboration

Ferrovial and SNGULAR have a successful track record of joint collaboration that supports this partnership, combining decades of experience in the sector with the latest technological advances. Both companies have worked together on various projects since 2018, resulting in improvements in critical processes such as cost estimation in bidding, control of operations in construction works, and infrastructure security.

The technology resulting from this partnership is expected to be developed in Spain and used in Ferrovial's various business units in all the markets where it operates, including the United States, Canada, the United Kingdom, and Australia. It also includes the possibility of scaling the product.