September 30, 2016 6:50 PM ET

Industrial Conglomerates

Company Overview of Siemens Corporation

Company Overview

Siemens Corporation engages in the businesses of power and gas, wind and renewables, power generation, energy management, building technologies, mobility, digital factory, process industries and drives, finance, healthcare, and real estate. It offers energy production products for utilities, independent power producers, and industrial customers, as well as engineering, procurement, construction customers; operates onshore and offshore wind power projects; and installs hydropower plants. The company also provides factory/field support, maintenance, repairs, replacements, and modernizations and upgrade services; high-voltage and medium-voltage switchgear and devices, energy automation products...

300 New Jersey Avenue

Suite 1000

Washington, DC 20001

United States

Founded in 1954





Key Executives for Siemens Corporation

Chief Executive Officer and President
Age: 57
Chief Financial Officer
Age: 60
Chief Executive Officer of Siemens Power Transmission & Distribution, President of Siemens Power Transmission & Distribution, Senior Vice President of Siemens Energy Inc and General Manager of Siemens Energy Inc
Head of New U S Federal Business, Chief Executive Officer of Siemens Government Technologies, Inc and President of Siemens Government Technologies, Inc
Age: 52
Global Head of Energy Finance, Chief Executive Officer of Siemens Financial Services, Inc and President of Siemens Financial Services, Inc
Compensation as of Fiscal Year 2016.

Siemens Corporation Key Developments

Seattle to Install Siemens Software that Intelligently Syncs and Manages City’s Traffic System to Increase Visibility and Reduce Congestion

Siemens announced Seattle, WA will implement Concert, an integrated traffic management platform that connects both Siemens and third-party systems across the city including traffic control centers, intersection controllers, and parking guidance systems. The software will link these traffic planning and control systems so Seattle can take better advantage of its existing road infrastructure, lessen the impact of major traffic incidents, better manage traffic around large events such as football games and reduce overall congestion. As part of this installation, Siemens has also named Seattle as one of the company’s Center of Excellence for Intelligent Traffic Technology. Understanding the impact intelligent software can have on significantly improving a city’s transportation system, Siemens will provide Seattle with its latest innovative technology to help expand the city’s smart traffic system infrastructure. The Concert platform will integrate Siemens’ TACTICS traffic control system as well as the city’s existing dynamic message sign management system the local travel time system, and the Washington Department of Transportation (WSDOT) freeway system. The software will consolidate data from these traffic platforms and other sources like weather reporting, existing road conditions, and traffic data on special events such as concerts or ball games taking place in and around the city into a central management platform. With this insight provided by the software platform, the City of Seattle will have a real-time, comprehensive view into traffic as well as a powerful tool to better manage the transportation network as a whole. The resulting data collected by the Concert software will allow Seattle to quickly identify traffic-related incidents, determine the best response, and plan its traffic patterns more effectively. The extensive information will also be provided to operators, travelers, traffic control systems and traffic planners via dynamic maps, message signs and posts on the WSDOT website to optimize mobility and safety in Seattle, while decreasing environmental impacts of traffic. As part of the Center of Excellence partnership, Siemens will work in conjunction with local distributor Western Systems to implement the technology and showcase the system at Seattle Department of Transportation. The partnership will include expansion of the Concert system, providing on-site training for city traffic operators on the system, and offering software support to keep Seattle up-to-date with the latest versions of its technologies. With the software, Seattle can continue to modernize and enhance its transportation systems through improved intelligence, respond and adapt more quickly and intelligently, in real-time, to improve traffic flow and safety and the overall quality of life in the city. The technologies will also enable Seattle to more easily expand its systems for future transportation needs. The Center of Excellence extends Siemens and Western Systems’ long-term partnership with the City of Seattle. Over the past 10 years, the city has relied on an installed base of Siemens intelligent traffic technologies including advanced controllers across 300 intersections in the Seattle Central Business District and Siemens TACTICS traffic management software that manages and troubleshoots everyday disruptions proactively.

Port Manatee Implements Siemens Security Solution

Siemens has implemented an integrated physical security solution throughout Port Manatee, which is located at the entrance to Tampa Bay and is the closest U.S. deepwater seaport to the Panama Canal. The system combines access control and physical security infrastructure management technologies helping the cargo-only port address its security needs, ensure compliance with federal TWIC (Transportation Worker Identification Credential) requirements, and support its overall business objectives. The facility's security solution has allowed Port Manatee to streamline its processes and increase efficiency by enabling officials to track the movement of goods throughout the port and establish workflows to manage different commodity types - making sure the right cargo is moved in and out properly. This is a considerable undertaking for a port that has approximately 8 million tons of cargo passing through annually, supports 24,000 jobs and contributed to more than $2.3 billion in regional economic activity last year. Using a combination of hardware and digital technology, the Siemens solution has established greater accountability and direct collaboration between port security and seaport tenants, with a one-to-one match for accountability of cargo released to trucks. This allows Port Manatee to better track and manage movement in the port and identify which escort and monitoring services are accessed by different users. The one-to-one match between users and cargo has given Port Manatee greater transparency into who is using which service, also allowing the port to recoup more of its own costs. Additionally, the port is now able to monitor more visitors via surveillance rather than by personal escort. The SiPass access control system allows Port Manatee security personnel to monitor who enters restricted areas of the port and when, via access cards. The system helps the port meet TWIC requirements while also helping ensure tighter control over cargo manifest releases for all truckers, whether TWIC cardholders or visitors requiring issuance of temporary credentials.

Siemens Corp Wins $1.04 Million Federal Contract

Siemens Corp., Princeton, New Jersey, won a $1,044,728 federal contract from the Defense Advanced Research Projects Agency for R8D on complex adaptive system composition and design environment.

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