The Chinese Academy of Sciences (CAS) and Sensity Systems Inc., provider of a leading Internet of Things (IoT) platform for Smart Cities, today announced an agreement under which the two organizations will form a new joint venture in China to focus on the development of smart city solutions for China and sales worldwide. The resultant IoT Platform for Chinese Smart Cities will be application compatible with the current Sensity IoT Smart City Platform, thereby providing application developers access to a global market for cities. Outside of China, the joint venture products will be sold under the Sensity platform program.