Cisco Collaborates with Living PlanIT to Develop a Sustainable, Intelligent and Connected Community in Portugal

Paredes, Portugal – June 28, 2010

Cisco today announced the signing of a strategic Letter of Intent ("LOI") with Living PlanIT, the leading urban technology company that enables intelligent sustainable urban development and operations. The LOI sees the expanded collaboration of two visionary companies with complementary skills, capabilities, technologies, and solutions to create smart, sustainable communities of the future. The strategic collaboration builds on a shared vision of sustainable urbanization, Cisco® Smart+Connected Communities architectures, and Living PlanIT's technology and is to be applied and advanced in the development and operations of PlanIT Valley, which is a next generation intelligent sustainable community in the Municipality of Paredes in northern Portugal, and a Portuguese Project of National Importance ("PIN").

The LOI between Cisco and Living PlanIT builds on an earlier Memorandum of Understanding aimed at bringing more robust solutions to world markets, building upon the two companies' technologies and shared vision. The two companies will work together towards a new model for greenfield and urban revitalization and to accelerate innovation applied to urban development, operations and community services. Living PlanIT is also working with Cisco to drive Cisco's Smart+Connected Communities design and architectural vision throughout PlanIT Valley. In recognition of the vision demonstrated by Living PlanIT, the companies are discussing the establishment of a global innovation center for sensor networks at PlanIT Valley, focused on the convergence of computing, network and sensing platforms within the fabric of buildings and places.

Highlights / Key Facts

Executive quotes:

Wim Elfrink, chief globalisation officer and executive vice president, Cisco Services:
"Cisco envisions a future where successful communities and cities will run on networked information enabling economic development, better city management and an improved quality of life for citizens. By working collaboratively toward a common vision of Smart+Connected Communities at PlanIT Valley, Cisco and Living PlanIT are committed to driving social, economic and environmental sustainability for the residents. We are honored to collaborate with Living PlanIT to drive social, economic and environmental sustainability at PlanIT Valley. Our collaboration will help develop new business models for managing and delivering urban services using the network as the platform for transforming cities and communities. Everything connected to the network in these Smart+Connected Communities can be greener, more intelligent and more secure."

Steve Lewis, CEO, Living PlanIT:
"We have been working with Cisco since the inception of PlanIT Valley and are delighted with both the announcement and the special relationship that has developed between our companies. Cisco has proven to be the perfect partner – their collaborative, innovative and entrepreneurial culture coupled with their deep domain expertise and commitment to research and development has proven the essential ingredients in the delivery of our urban computing platforms and environment. Cisco's collaboration with Living PlanIT and their willingness to consider locating a possible innovation centre for sensor networks at PlanIT Valley will further cement this strategic relationship and create greater opportunities for us to develop the city of the future.

Carlso Zorrinho, National Government Secretary of State for Energy and Innovation:
"One of our key national priorities is to attract the best global technology companies to work and develop technology and services in Portugal. This partnership and the work now being done close to Porto are signals of a new competitive stage for our economy and a better future for our country".

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About Cisco Systems

Cisco, (NASDAQ: CSCO), is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com. Cisco products and services in Portugal are provided by Cisco International Limited.

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About Living PlanIT

Living PlanIT S.A. is a technology company enabling the development of innovative, intelligent sustainable urban-scale environments. The company brings together people, industry and educational institutions to create innovation cities where emerging technologies are developed, perfected and experienced. Information about Living PlanIT can be found at www.living-planit.com