NEW YORK, March 28, 2016 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT), one of the largest out-of-home media companies in the U.S., announced today the next deployment of its ON Smart Media platform with the Washington Metropolitan Area Transit Authority ("WMATA"). This installation expands the long-term relationship between OUTFRONT and WMATA. The new high-function ON Smart Media displays were installed Wednesday, March 23 at the entrance/exit way of the Green Line's Navy Yard station, one block away from Nationals Park baseball stadium.
"We're proud to empower WMATA with the technology they need to keep passengers updated and offer our advertising partners state-of-the-art addressable screens," said Jeremy Male, CEO, OUTFRONT Media. "This installation gives advertisers a transformative platform to deliver and target relevant messaging via customizable apps that enable content to be delivered at scale and earn audience attention. With 45% of Nationals' fans riding the Metro to the Navy Yard rail station, WMATA has an incredible opportunity to create impactful results for advertisers."
By taking a digital approach, WMATA is able to improve passenger communication and offer advertising partners a cutting-edge, dynamic platform for their content. The ON Smart Media displays will show 15-second visual-only ads alternating with real-time customer information such as train arrival/departure times, station maps and area maps with dynamic navigational guides. With an average of 400,000-plus Metro riders passing through the Navy Yard station each month, the ON Smart displays help advertisers engage this wide and valuable audience. OUTFRONT anticipates that this initial deployment will result in a full installation at a later stage. The new digital screens are part of Metro's ongoing effort to maximize non-farebox revenue and help keep fares stable.
OUTFRONT, the largest provider of transit advertising, currently sells advertising for transit authorities in Los Angeles, Orange County, New York, Washington, D.C., Atlanta, Detroit, and Miami.
About OUTFRONT Media Inc.
OUTFRONT Media (NYSE: OUT) is one of the largest out-of-home media companies in the United States and has a leading presence in top markets throughout the United States and Canada. OUTFRONT Media's diverse asset portfolio of billboard, transit, and digital properties in prime, iconic locations, delivers select audiences and location-based targeting for advertisers, as well as engaging ways to connect with increasingly mobile consumers, such as through its ON Smart Media platform.
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Cautionary Statement Concerning Forward-Looking Statements
We have made statements in this press release that are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the use of forward-looking terminology such as "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions related to our capital resources, portfolio performance and results of operations. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and may not be able to be realized. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: declines in advertising and general economic conditions; competition; government regulation; our ability to obtain and renew key municipal contracts on favorable terms; content-based restrictions on outdoor advertising; seasonal variations; our ability to contribute certain contracts to a taxable real estate investment trust subsidiary; and other factors described in our filings with the Securities and Exchange Commission (the "SEC"), including but not limited to the section entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015, filed with the SEC on February 29, 2016. All forward-looking statements in this press release apply as of the date of this press release or as of the date they were made and, except as required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors of new information, data or methods, future events or other changes.
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SOURCE OUTFRONT Media Inc.
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