Note: Cycle dates bankruptcy application on 19-7-2022

Termination of listing as of December 30, 12.

Cycledata generates real data from vehicles driving on cycle paths with the Signum. We do this with an accuracy of more than 95%, even during peak hours and without any use of algorithms. It is measured how many vehicles pass on the cycle path in which direction, at what speed and at what time. Our customers (municipalities, provinces, government institutions) use the data to substantiate policy decisions regarding traffic infrastructure & safety. Cycledata produces two different bicycle counting systems, the Signum and i-Signum, and installs and rents them out.

In the past decade, the government has strongly encouraged cycling. Cycling has a positive effect on air quality, reduces traffic jams, causes fewer space problems in city centers, increases the quality of life and contributes to the economy.

This means that municipalities and provinces are confronted with increasingly busy cycle paths. In addition, the number of types of vehicles that use cycle paths is increasing: e-bikes, cargo bikes, racing bikes, speed pedelecs, etc. The increasing crowds combined with the greater diversity of vehicles makes cycle paths unsafe and it is therefore necessary that municipalities and provinces work on redesign and expansion of the cycle path network. To do this, they need data about the use of cycle paths: where, at what times, it is too busy and possibly dangerous. In order to achieve an efficient and effective mobility plan, it is necessary that the data on which they base their expansion plans are accurate and reliable.

In December 2020, the government made 165 million euros available to provinces and 188 municipalities to make unsafe traffic situations, including cycle paths, safer. A total of half a billion euros will be available for this purpose over the next ten years. In addition, they want to spend 1 billion euros until 2025 on optimizing the cycling infrastructure and a nationwide network of main cycle routes with good bicycle parking.

The National Road Traffic Data (NDW) has collected more than enough data on cars over the past 20 years, but bicycle data from recent years is missing. In 2019, NDW issued a tender framework agreement to contract several cycling data suppliers to make an offer to provinces via mini competitions over the next four years (2019-2023) for generating cycling data for longer periods of six to ten years. Cycledata, together with twelve others, has been selected as a framework contractor for NDW. A budget of 50 million is available.

Our main activity is the installation, installation and rental of above-ground contactless bicycle counting measuring systems. We currently produce two different bicycle counting measuring systems: the Signum and the i-Signum.

The Signum is a bicycle counting measuring system that generates data, but is not linked to an intelligent traffic light (iVRI).

The i-Signum is a system that generates data but is also linked to an intelligent traffic light (iVRI) via Monotch's TLEX/UDAP data platform. This is the platform on which the intelligent traffic lights are controlled. This connection enables the i-Signum to influence bicycle traffic lights and promote the flow of cyclists at a specific location. This looks like this:

The Ministry of Infrastructure & Water Management granted us a temporary iVRI license in mid-April 2021. It is expected that this license will be converted in the coming months into a definitive iVRI license for the coming years. With this iVRI license we are certified by the Ministry of Infrastructure & Water Management to connect the i-Signum to the intelligent traffic lights in the Netherlands. So this is a valuable license for our company.

When the Signums are installed at locations, they are made visible on the online web-based dashboard. Our customers receive an account that they can activate to view and analyze all data in real-time. Every day the weather is shown via outdoor radar and you can also download CSV files for a selected period. We periodically send all CSV files automatically to our customers via email and we have an API connection with the National Road Traffic Data (NDW) so that, if municipalities wish, we automatically send the data to the NDW platform.

Our direct competitors for providing cycling data (data from vehicles on cycle paths) are the loops and counting snakes that are familiar to many. These traditional products were originally developed for counting cars, but are now also used for counting bicycles, with the result that the actual data generated with loops and counting hoses is relatively low.

Cause: Cars drive one after the other, which can be easily measured using loops and counting tubes. But on cycle paths, especially at busy times, cyclists ride side-by-side and in groups, which counting tubes and loops cannot accurately measure. Carbon and aluminum bicycles are also not counted. It is precisely at those busy times that unsafe situations occur that municipalities and provinces would like to measure. Algorithms are applied to the data by suppliers of loops and counting tubes to achieve an accuracy rate. However, this gives an indication and not exact dates.

The Signum was developed specifically for measurements on cycle paths and in particular for accurately measuring groups of vehicles and side-by-side bicycles. We measure all vehicles on cycle paths with a reliable accuracy of more than 95%, even during rush hours and without the use of algorithms. We generate real data and record the time, speed and direction of every vehicle that passes, without generating any privacy-sensitive information. Due to the diversity of vehicles and speeds on cycle paths, municipalities and provinces really want real data. They want to use this data to gain insight into the safety of cycle paths.

Because the Signum measures accurate real data in real time, the i-Signum can be linked to an iVRI (intelligent traffic light) to influence bicycle traffic lights and promote the flow of cyclists at a certain location.

• We only focus on the bicycle niche market within mobility.
• We measure truly reliable data with a high accuracy of >95%, even during peak hours and without the use of algorithms.
• We measure the time, direction and speed of each passing vehicle on the cycle path.
• The Signum is completely GDPR proof.
• We have a proven working iVRI application (i-Signum) and are certified by the Ministry of Infrastructure and Water Management to connect to the intelligent traffic lights in the Netherlands.
• We respond to “ownership to use” and our main activity is placing, installing and renting out the (i)-Signums
• We have a bicycle counting measuring system that can easily be mounted plug & play on a mast along the roadside (loops must be milled).
• The Signum can be used for counts for a short period as well as for a long period of several years (permanently).
• The Signum is sustainably supplied with energy via a solar panel and backup battery.
• The Cycledata modem, the heart of the complete Signum system, is IP from Cycledata and focused on the future (Smart City).
• All data can easily be monitored in real time via the online web-based dashboard 'My Cycle traffic'.

The rates charged by NPEX are shown below.

*To be calculated based on the nominal value of the bonds in the portfolio on the coupon payment date and to be offset against the (monthly) interest payment.