Circle SpA ( (IT:CIRC) ) has issued an announcement.
Circle S.p.A., in collaboration with ARELOGIK, has secured a contract to develop an advanced vehicle traffic monitoring system for the ports of Venice and Chioggia, valued at 70,000 euros. This initiative, promoted by the Northern Adriatic Sea Port Authority, is part of a larger digital transformation project aimed at enhancing operational efficiency, safety, and environmental sustainability. The project will be executed in two phases, focusing on feasibility studies and the implementation of an integrated system with advanced sensors and software. This development is expected to reduce congestion, improve planning, and attract new markets, aligning with Circle’s commitment to innovation and sustainable growth in the port sector.
More about Circle SpA
Founded in Genoa in 2012, Circle S.p.A. is an Innovative SME leading the CIRCLE Group, specializing in the analysis and development of products for innovation and digitalization of the port and intermodal logistics sectors. The company also engages in international consulting on Green Deal and energy transition topics. Circle Group includes various software and consulting companies, offering products like the Milos® suites, Extended Port Community System, and solutions for supply chain visibility and tracking.
YTD Price Performance: -16.09%
Average Trading Volume: 8,425
Technical Sentiment Signal: Buy
Current Market Cap: €31.17M
For detailed information about CIRC stock, go to TipRanks’ Stock Analysis page.