LG CNS (KRX:064400) secured its first US public sector smart city contract, partnering with the New York City Economic Development Corp. to install electric vehicle charging stations and a control system at the Brooklyn Army Terminal.
The deal comprises Level 3 ultra-fast chargers and energy storage systems, Pulse News reported Friday.
In a separate project, LG CNS will build smart street lighting in Hogansville, Georgia, with plans to expand to nearby cities, it said.
Shares of LG CNS rose nearly 1% in recent trade.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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