Category Archives for: Parking Technology

Professional Parking Technologies Announces Rebranding, Changes Name to ParkSwift North America

April 11, 2024

 

 

Professional Parking Technologies Announces Rebranding,

Changes Name to ParkSwift North America

 

 

 

The company announced a new identity, including a new name and logo, to better reflect its commitment to helping parking owners meet their parking technology needs.

 

 

Dallas, TX (April 10, 2024)—Professional Parking Technologies LLC today unveiled a new identity, including a new name and logo, as part of an extensive rebranding initiative. Starting today, the company has officially rebranded to ParkSwift North America. The ParkSwift North America branding better reflects the company’s commitment to helping parking owners meet their parking technology needs during a time of rapid change.

 

“We initially named our company ProParking to reflect the longstanding parking technology experience and expertise of our founders,” said Brent Van Loggerenberg, ParkSwift North America’s managing partner. “The technology landscape is changing so rapidly—and will continue to do so—that owners and operators often don’t know which technologies and combination of tools can best meet their needs. The ParkSwift North America name speaks to our role in helping owners and operators keep up with the ever-evolving technology landscape.”

ParkSwift North America sells, installs, and services leading parking technology brands, including access and revenue control systems (PARCS), Parking Guidance Technology, and EV Charging solutions, and Cellular Augmentation Solutions. ParkSwift North America is also the exclusive US North American distributor of the UbiPark’s cloud-based Parking Management platform and app.

Based in Dallas, ParkSwift North America also has offices in Atlanta and Los Angeles. The company works with parking owners and operators across the United States.

About ParkSwift North America

ParkSwift North America is rewriting the rules when it comes to delivering parking technologies. The company’s pioneering approach to creating systems comprised of complementary technologies makes automating parking garages and lots simpler, more effective, and more affordable. Each parking technology system is custom designed to meet the unique needs of an individual parking facility. ParkSwift North America can be found online at http://www.parkswiftna.com/.

PARKING MANAGEMENT COMPANY ACQUIRES BIRD DOG PARKING

April 11, 2024

PARKING MANAGEMENT COMPANY ACQUIRES BIRD DOG PARKING

National parking services provider will service 33 new locations across the Southeast

NASHVILLE, Tenn.  – Parking Management Company (PMC), a national parking services provider, has acquired Chattanooga-based Bird Dog Parking. PMC, a leader in hospitality and commercial parking management and tech-based parking solutions, will incorporate Bird Dog’s 33 locations in Tennessee, Alabama and Missouri into their national portfolio.

“With their dedication to exceptional service and elevating the parker experience, Bird Dog was a clear culture fit for PMC. We are excited to expand our commercial technology and valet services to new audiences across the Southeast and to welcome Brook’s and the Bird Dog team’s parking and hospitality expertise to the PMC family,” said PMC chief investment officer Tim Bewley.

Bird Dog Parking is co-owned by Mitch Patel and Brook Weresuk. Patel, founder and CEO of Vision Hospitality Group, will continue his dynamic leadership of the hotel ownership and management group. PMC will serve as a preferred parking provider for Vision Hospitality Group, which currently oversees over 40 hotels throughout the country, with 15 more under construction. Weresuk will provide his industry insight as an official member of the PMC team.

The newly acquired accounts will be supported by PMC’s suite of proprietary technology solutions, including PMC Pay for commercial locations and PMC Valet for hotel partners. Launched earlier this year, PMC Valet enables both guests and the valet attendant to manage the entire valet process, from the front drive to exit, in one secure and convenient system.

“Our PMC Valet technology has revolutionized the valet experience and ensures the most efficient, hospitable experience for the guest,” said PMC chief technology officer Troy Crabtree. “PMC Valet is not only an experience built by valet parkers for valet parkers, but one built by operators for operators – and we’re excited to expand this experience to these new locations and across the country.”

About Parking Management Company

Parking Management Company (PMC) is a hyper-growth, employee-owned hospitality parking services provider and commercial parking management company. PMC provides an unparalleled level of service for hotels, commercial lots and garages, hospitals, casinos, and event venues. The company currently employs more than 7,000 associates nationwide and serves clients in 170 cities and 43 states. PMC’s associates Relentlessly serve hundreds of clients from coast to coast.

Genetec announces availability of Security Center SaaS

April 10, 2024

 

 

Genetec announces availability of Security Center SaaS

 

Enterprise-grade SaaS solution gives organizations the freedom to choose the door controllers, cameras, and devices that work best for their business.

 

 

MONTRÉAL, April 10, 2024—Genetec Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations, and business intelligence solutions, today announced the availability of Security Center SaaS from its global network of certified partners. A massively scalable, open, and unified software as a service (SaaS) solution, the new offering will combine access control, video management, forensic search, intrusion monitoring, automation, and many other advanced security capabilities.

“The physical security industry has been eagerly anticipating an enterprise-grade offering that can be implemented in the cloud or in a hybrid deployment based on customers’ needs and requirements. Security Center SaaS not only fills this important gap in the market, but it redefines the possibilities for cloud-based physical security,” said Michel Chalouhi, Vice President of Global Sales at Genetec Inc.

Because of its open architecture, Security Center SaaS gives organizations the freedom to choose the door controllers, cameras, and devices that work best for their business. It also features powerful forensic search tools designed to simplify and speed up investigations. These tools extract crucial information from the rich metadata collected by the system’s connected edge devices. The information is presented in a single, intuitive user interface, facilitating faster and more informed decision-making processes.

Security Center SaaS features powerful and comprehensive systems management tools, making it easier and faster for channel partners to configure, provision, and deploy complex, multi-site enterprise systems at scale. From quote to delivery, Security Center SaaS helps partners to efficiently manage and oversee all their Security Center SaaS installations, no matter the size of the project.

Direct to cloud connection with Axis Cloud Connect (ACC) and Axis Powered by Genetec

In addition to an open portfolio of cameras by a range of manufacturers, Security Center SaaS takes full advantage of the newly announced Axis Cloud Connect solution, and the existing Axis Powered by Genetec network door controller. Building on years of close collaboration with Axis, Security Center SaaS enables customers to securely connect, enroll, and manage Axis devices in a diversity of deployment options, including direct device-to-cloud streaming of video, metadata, and access control data.

Together, both ACC and Axis Powered by Genetec offer users a complete enterprise-grade deployment of both network access control and video technologies designed to work seamlessly across hybrid and cloud environments, as well as in fully on-premises deployments. Easily installed and maintained, these Axis devices enable Security Center SaaS customers to deploy a unified cloud-ready installation quickly and reliably.

Pricing and availability

Security Center SaaS is offered in two subscription plans starting at $149 US MSRP per year per device connection (these can be door controllers, cameras, intercoms, intrusion panels, or other device connections).

The new offering is also available in competitively priced video bundles, including software and camera connections, starting at $2,700 US MSRP*. These include the option of either 8 or 20 camera connections (with 8 and 20 TB of storage, respectively), the Security Center SaaS software, and the Genetec Cloudlink™ 310 appliance that allows any non-cloud-ready camera to be easily connected to Security Center SaaS.

Security Center SaaS is available to be quoted and ordered immediately in all regions and will begin shipping as of May 30th, 2024.

Security Center SaaS will be showcased for the first time at ISC West at booth #13062. For more information, please visit: https://www.genetec.com/products/unified-security/security-center-saas.

*First-year cost includes appliance, software, and device connection. Afterwards, customers just pay a yearly software subscription per connected device.

About Genetec

Genetec Inc. is a global technology company that has been transforming the physical security industry for over 25 years. The company’s portfolio of solutions enables enterprises, governments, and communities around the world to secure people and assets while respecting individual privacy and the demand for operational efficiency.

Based on an open architecture, and built with cybersecurity at their core, Genetec solutions can be implemented on-premises, in the cloud, or in hybrid deployments. The company’s flagship products, Genetec Security Center and Genetec Security Center SaaS, unify core physical security functions, such as access control, video surveillance, automatic license plate recognition (ALPR), intrusion detection, communications, and analytics.

Headquartered in Montreal, Canada, Genetec serves its customers via an extensive network of certified channel partners and consultants in over 159 countries. For more information about Genetec, visit: www.genetec.com 

For more information about Genetec, visit: https://www.genetec.com

© Genetec Inc., 2024. Genetec and the Genetec logo are trademarks of Genetec Inc. and may be registered or pending registration in several jurisdictions. Other trademarks used in this document may be trademarks of the manufacturers or vendors of the respective product.

Press Contacts:

North America

Véronique Froment

HighRez

Veronique@highrezpr.com

Tel: +1 603.537.9248

Quercus Technologies celebrates its 25th anniversary

April 10, 2024

 

Quercus Technologies celebrates its 25th anniversary

 

 

A quarter-century bringing innovation to parking technology

 

 

 

Quercus Technologies, world leader in technological solutions for monitoring and management of parking facilities, is proud toannounce its 25th anniversary. Throughout its history, Quercus has worked at the forefront of innovation in the parking industry, providing smart, efficient solutions that have transformed the entire parking experience.

Since its establishment in 1999, Quercus has been dedicated to developing state-of-the-art technology to meet a vast range of management challenges in parking facilities around the world. With a unique combination of precision engineering, advanced software and an in-depth understanding of customer needs, Quercus has set the standards for excellence in the parking businesssector.

The celebration of Quercus Technologies’ anniversary is a major landmark that stands for the company’s commitment to excellence, innovation and customer service. It is worth noting that our equipment has been working for some time with artificial intelligence developed in-house. This integration has enabled us to offer even more sophisticated and adaptive solutions, designed to increaseefficiency, security and convenience for millions of drivers and facility operators.

We’re also taking this opportunity to announce that throughout 2024, we will be holding several events in collaboration with our staff to mark the company’s 25 years. These celebrations will consist of diverse activities, all designed as opportunities to reflect on ourfuture goals, and strengthen our bonds as a team.

On another note, we would never miss the opportunity to celebrate this special landmark with our customers and partners at theIntertraffic Amsterdam trade fair. It will be a perfect occasion to express our appreciation for their constant support and trust overthe years.

Last, we want to show our sincere gratitude to all of those who have made our achievements possible. Their dedication andcommitment have been fundamental to our success. Their support has helped us to constantly improve and evolve, putting us on apath we hope to follow for many years to come.

Contact: marketing@quercus-technologies.com

Hayden AI Launches Double Parking Enforcement Solution for Road Safety and Public Transit

April 10, 2024

 

Hayden AI Launches Double Parking Enforcement Solution for Road Safety and Public Transit

 

Bus-mounted technology improves road safety and public transit performance by changing driver behavior to stop roadway hazards caused by double parking

 

 

SAN FRANCISCO, April 10, 2024—-Hayden AI, a global leader in vision AI and spatial analytics, today announced a new product for its vision AI platform: automated double parking enforcement. Utilizing the same hardware and AI technology as the company’s automated bus lane, bus stop, and bike lane enforcement platform, this new application of the technology is designed to improve road safety and public transit performance by reducing instances of illegal double parking through highly accurate and scalable enforcement.

Double parking creates major issues for road safety and public transit. When drivers illegally block a travel lane parallel to legally parked vehicles, they force buses, other vehicles, and cyclists to maneuver around the stopped vehicle, increasing the likelihood of crashes and causing significant travel delays. Moreover, double parking also creates challenges for legally parked vehicles that cannot leave when needed.

Automated double parking enforcement gives transit and other agencies an additional tool to improve bus performance and road safety for everyone. By utilizing the Hayden AI technology already installed on buses for automated bus lane, bus stop, and bike lane enforcement, agencies can seamlessly and automatically detect and enforce illegal double parking violations at scale.

“All it takes is one double parked vehicle to create a traffic hazard and delay multiple buses — and the people relying on those buses to reach their jobs and appointments on time,” said Chris Carson, founder and CEO of Hayden AI. “Our vision AI platform is designed to improve transit performance and road safety, and reducing double parking is a huge part of that. I’m thrilled that we are adding automated double parking enforcement to our vision AI platform.”

About Hayden AI: At Hayden AI, we’re pioneering real world problem solving powered by AI and machine learning. From bus lane and bus stop enforcement to digital twin modeling and more, our clients use our mobile perception system to speed up transit, make streets safer, and create a more sustainable future. Learn more at www.hayden.ai

 

Contacts

Jenna Fortunati
jenna.fortunati@hayden.ai

Revolutionizing Parking Operations: Millennium Parking Systems Introduces Cutting-Edge Parking Solutions

April 09, 2024

 

Revolutionizing Parking Operations: Millennium Parking Systems Introduces Cutting-Edge Parking Solutions

 

 

 

SAN JUAN, PUERTO RICO, UNITED STATES, April 9, 2024  — Millennium Parking Systems, a leading provider of innovative parking management solutions, is proud to announce the launch of its state-of-the-art parking operation services tailored specifically for companies seeking efficient and seamless parking management solutions.

In today’s fast-paced world, finding convenient and stress-free parking solutions is a top priority for both drivers and parking operators. Recognizing this need, Millennium Parking Systems has developed a comprehensive suite of machinery and technology solutions designed to optimize parking operations and enhance customer experience.

“Our goal at Millennium Parking Systems is to revolutionize the parking industry through innovation and excellence,” said Raul Betancourt, CEO at Millennium Parking Systems. “With our cutting-edge solutions, parking operator companies can streamline their operations, increase profitability, and deliver an unparalleled experience to their customers.”

Key Features and Advantages:

Enhanced Customer Experience: Our solutions ensure that travelers can park comfortably and efficiently, leading to increased traffic flow and improved vehicle rotation within parking facilities.

Integrated E-commerce Options: With features such as the EQP APP and seat reservation system, companies can seamlessly integrate e-commerce functionalities into their parking operations, boosting productivity and profitability.

Guaranteed Return on Investment: Millennium Parking Systems offers durable and reliable equipment with a long service life, ensuring a solid return on investment for parking operator companies.

Reliable Equipment: Our solutions are built with reliability and efficiency in mind, minimizing downtime and maximizing performance.

Effective Marketing Insights: Gain valuable insights into customer behavior and preferences through detailed reports and statistics, enabling data-driven decision-making and targeted marketing strategies.

Integration Flexibility: Our systems can be easily integrated with existing ERP systems, reservation platforms, valet parking services, and license plate registration systems, providing a seamless and streamlined operation.

About Millennium Parking Systems:

Millennium Parking Systems is a leading provider of parking management solutions, dedicated to revolutionizing the parking industry through innovation and excellence. With a focus on customer satisfaction and technological advancement, Millennium Parking Systems delivers cutting-edge solutions that optimize parking operations and enhance the overall parking experience.

Raul Betancourt
Millennium Parking Systems
+1 787-688-0426

CENTRAL STATES BUILDING WORKS NAMES AHMED ABDELAAL VICE PRESIDENT OF ENGINEERING AND OPERATIONS 

April 09, 2024

 

 

CENTRAL STATES BUILDING WORKS NAMES AHMED ABDELAAL VICE PRESIDENT OF ENGINEERING AND OPERATIONS 

 

 

TONTITOWN, AR – April 9, 2024 — Central States, a leader in metal building components, roofing, and building packages, has named Ahmed Abdelaal to the new role of Vice President of Engineering and Operations for the Central States Building Works division.  Ahmed will lead the group’s technical services including engineering, drafting, and detailing and will bring his know-how in automation, software, operations, and manufacturing to the business as preparations are made for the company’s new frame plant, planned to open in Springdale, Arkansas in the Spring of 2025. 

“I’ve always believed in the power of innovation to create solutions, to overcome roadblocks, and work collaboratively,” Abdelaal said.  “Central States has a great reputation for metal building components and packages and is expanding upon this foundation to add new offerings, manufacturing capability, and know-how to serve our customers well.  I look forward to playing a role in this evolution of Central States Building Works.” 

Ahmed brings almost three decades of industry experience working for some of the largest Pre-Engineered Metal Building (PEMB) companies in the United States and internationally.  He comes to Central States after spending the initial 11 years of his career at American Buildings Company (now Nucor) and Butler Manufacturing Company (now BlueScope Steel), where he held leadership positions in engineering and project management.  For the last 12 years, Ahmed has served global companies by building out factories and technical capabilities in executive operations roles. He has worked with large, multi-national commercial customers in retail, auto shops, warehouses & logistics facilities, car showrooms, sports arenas, entertainment facilities, aircraft hangars and manufacturing, leading commercial general contractors, and public entities, including the US military. 

“We are excited to welcome Ahmed to the team. He has an outstanding track record driving technical excellence, assembling high-performing teams, and leading growth in the metal buildings industry,” said Jennifer Davis, President of Central States Building Works. “His expertise will be invaluable to our employee-owners and customers as we continue expanding our solutions and capabilities to meet the needs of our customers today and into the future.” 

Central States Building Works designs and delivers material-only building packages across the United States for commercial, storage, agricultural, industrial, and other applications. The business unit was established in 2003 as Central Storage Works and was rebranded earlier this year in recognition of its expansion to additional building types and capabilities. Starting with an idea and a location, the business provides a full portfolio of services from initial estimating to drafting, and working through final contracting and engineering stamps, delivering all that is required to erect the building directly to the job site.  These custom kits include metal bolt-up buildings, rigid frame metal building systems, carports and garages, self-storage, and more. When combined with private label manufacturing capabilities, Building Works enables customers to grow their portfolio of offerings.  All Central States Building Works packages include metal building components, which are 100% recyclable and designed with sustainability in mind. 

On November 15, 2023, Central States broke ground on a new 105,000-square-foot plant to support the fast-growing pre-engineered metal frame business. The factory, which will open in 2025, expects to grow to 140 employee-owners over the first few years of operation. 

Central States, Inc. (www.centralstatesco.com) is 100% employee-owned and was founded in 1988. With over 1,400 employee-owners and 11 manufacturing facilities, the company serves over 6,000 commercial, architectural, post frame, and residential contractors and customers across the United States across three business operating units. Central States Manufacturing is a leading manufacturer of metal building components with 14 metal roofing and wall panel profiles, along with a full line of trim, accessories, and structural purlin. Two new factories are under construction, including a frame plant for pre-engineered metal buildings. Central States Building Works provides material-only building packages for self-storage and metal building systems. In 2022, Central States acquired Elevate Structures (formerly Storage Structures, Inc.), a leader in self-storage offering the patent-pending Alpha Framing System. 

Barron Lighting Group Appoints Paul Gray as Director of Growlite

April 05, 2024

 

 

 

Barron Lighting Group Appoints Paul Gray as Director of Growlite

 

 

 

GLENDALE, AZ – April 4, 2024, Barron Lighting Group is excited to announce the addition of Paul Gray to their executive team as the Director of Growlite – the company’s division specializing in lighting for the horticulture industry.

Bringing over a decade of dedicated experience in the horticultural sector, Paul Gray joins Barron Lighting Group with a wealth of knowledge and an impressive track record of driving growth and fostering innovation in horticultural lighting solutions. Previously the Director of Plant Science Solutions, Paul ensured the scientific integrity of the company’s offerings, playing a pivotal role in aligning technical solutions with client needs.

Paul’s influential tenure in the industry is marked by leadership roles where he excelled as the National Horticulture Sales Manager, and another in which he significantly expanded the company’s horticulture division as the Senior Director Horticulture Lighting Sales. Known for his results-driven approach, Paul nearly doubled annual sales revenue and impressed the market with pioneering advancements such as delivering the first DLC-certified LED Horticultural fixture.

An expert in the field, Paul holds a Master’s degree in Plant Pathology, Botany, and Statistics, coupled with a Bachelor’s degree in Biology from Stephen F. Austin State University. His experience is complemented by his proficiency in project management, marketing strategy, and technical consultation, making him an integral addition to the Barron Lighting Group family.

Paul Gray’s appointment reinforces Barron Lighting Group’s commitment to innovation and customer-focused solutions. Under his guidance, Growlite is expected to reach new heights of product excellence, empowering plant cultivators and researchers through state-of-the-art lighting technologies.

“We’re thrilled to welcome Paul Gray to the Barron Lighting Group team,” said Alan Tracy, CEO of Barron Lighting Group. “Paul’s expertise in horticultural science and technical sales will be invaluable as we continue to expand and enhance our Growlite product offerings. We’re confident his leadership will help us provide even more value to our customers.”

For more information about Growlite by Barron Lighting Group, please visit our website Growlite.com.

About Barron Lighting Group

Barron Lighting Group has a 50-year history of manufacturing high-quality, reliable lighting solutions. With a focus on innovation, quality, and customer service, Barron provides a wide range of products for industrial, commercial, and specialized applications, including Growlite – a brand dedicated to the advancement of horticultural lighting.

Media Contact

Diane Hoffman | Marketing Manager

Barron Lighting Group

(623) 580-3948

diane.hoffman@barronltg.com

Annette Clayton Joins Flash Board of Directors

April 05, 2024

 

 

 

Annette Clayton Joins Flash Board of Directors

 

 

Austin, Texas, April 4, 2024 – Flash, the leading digital ecosystem provider connecting drivers to parking and EV charging experiences, today announced Annette Clayton, chairwoman and former CEO of Schneider Electric, has joined the company’s board of directors. Ms. Clayton has decades of automotive, technology, and energy industry experience and brings an extensive track record guiding corporate strategy and operations for growth companies and pioneering startups.

 

“We are incredibly fortunate to welcome Annette to our board of directors,” said Dan Sharplin, Flash’s CEO and Chairman. “She is an accomplished leader who has dedicated her career to companies that are transforming their respective industries, and her talents and expertise will be invaluable to our next chapter of growth, particularly when it comes to meeting the needs of modern drivers through the next wave of EV adoption.”

 

Ms. Clayton joins Flash’s board of directors after recently concluding her tenure as CEO of Schneider Electric North America. During that time, Ms. Clayton led business strategy for the region, representing 30,000 employees and sales of more than $11 billion in fiscal year 2022.

 

“Working with innovators like Flash that reimagine an industry is the work I love,” said Ms. Clayton regarding her appointment. “I have followed Flash’s evolution from its startup days and think the current moment is among its most exciting – Flash has done the heavy lifting and is poised to bring all the players together to set the new standard for a first-of-its-kind digital ecosystem.”

 

Ms. Clayton currently serves on the public boards of Duke Energy, NXP Semiconductors, Oshkosh Corporation, and Nordson Corporation. Ms. Clayton’s prior board service includes National Electrical Manufacturers Association, National Association of Manufacturers, and many of Schneider Electric’s Energy-as-a-Service joint ventures. She was also a member of Rewiring America’s CEO’s for Electrification coalition for business leaders.

 

Prior to Schneider Electric, she served in senior management roles for Dell, where she led the transformation of its global supply chain and fulfillment model, and General Motors Corporation, including president of Saturn Corporation, where she oversaw strategic direction, financial accountability, and profitability. Ms. Clayton holds a bachelor’s degree in general engineering from Wright State University, a master’s degree in engineering management from the University of Dayton, and has completed the London Business School executive development program.

 

About Flash:

Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more.

 

SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup

April 04, 2024

SolarEdge Acquires Wevo Energy, EV Charging Optimization and Management Software Startup

 

 

MILPITAS, Calif.—-Apr 4, 2024– SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced that it completed the acquisition of the entire share capital of Wevo Energy Ltd. (“Wevo”). Wevo is a software startup specializing in EV charging optimization and management for sites with large quantities of EV chargers such as apartment buildings, workplace carparks and public charging locations.

 

Wevo’s software is designed to be vendor agnostic and supports industry leading open protocols, enabling multi-user pricing and billing, tiered prioritization of charging schedules, predictive load management, and a range of additional services. To date, Wevo has electrified many thousands of parking spaces across North America, Europe and the Middle East. Wevo is already integrated with SolarEdge’s EV chargers, solar inverters and meters, for a holistic real-time view of solar production, grid consumption and EV charging.

The Wevo solution will also be part of the SolarEdge ONE energy optimization system for the Commercial and Industrial (C&I) segment, designed to offer SolarEdge customers a single energy optimization solution that orchestrates and integrates between on-site solar generation, battery storage and large-scale EV charging.

Zvi Lando, CEO, SolarEdge Technologies, said: “This acquisition represents the continuation of SolarEdge’s strategy to enhance its software portfolio for the C&I segment. We are excited for Wevo to join the SolarEdge team following our initial investment and the impressive progress it has demonstrated over the past year. As the EV market continues to grow, distributed renewable energy will be key to unlocking the full potential of the electrification of mobility. Wevo’s software capabilities and know-how represent a building block for EV-attached solar, and today it becomes a part of SolarEdge’s energy ecosystem.”

Teddy Flatau, CEO, Wevo Energy, said: “Wevo’s mission is to make EV charging accessible by electrifying every parking space. As a subsidiary of SolarEdge, we will be able to develop a combined solution, offering a seamless experience for EV drivers by optimizing charging with clean, solar-powered energy and maximizing cost savings. This will allow a significant step forward to achieving a low-carbon future.”

About SolarEdge

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. Visit us at: solaredge.com

About Wevo Energy

Wevo Energy was founded in 2021 to bring simple, efficient, and cost-effective EV charging to the most energy-demanding environments. Since then, it has developed AI-powered, energy management software capabilities that are already electrifying thousands of parking spaces globally. For more information about Wevo Energy and its EV charging platform, please visit www.wevo.energy.

 

 

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