Category Archives for: Self-driving cars

Flowbird: Clearwater, Florida Launches Pay by Text Solution – No App or Account Required

February 22, 2024

 

 

 

Clearwater, Florida Launches Pay by Text Solution – No App or Account Required

 

New parking payment option released ahead of Spring Break

 

 

 

Clearwater, Florida — The City of Clearwater, Florida has released Pay by Text, the latest advancement in the City’s parking convenience options, in partnership with Flowbird, the City’s parking kiosk provider. Pay by Text is an easy-to-use web-based solution that allows drivers to pay for their parking session directly from their phone without creating an account or downloading an app.

This latest feature adds another convenient way to pay when parking in city-owned parking spaces, lots, and garages in Clearwater, alongside the pay-on-foot parking meters and mobile payment apps.

How Pay by Text Works:

  1. Park your vehicle
  2. Text ‘CLEARWATER’ to 727563
  3. Receive a secure link to input your parking details – including license plate number, duration, and payment information
  4. Confirm the details to start your parking session

Information is sent to parking enforcement who can verify the vehicle is in compliance. That’s it! There is no need to create an account, download an app, or visit a kiosk.

“We are very excited about the launch of the Pay by Text service – just in time for visitors coming in for Spring Break,” said Clearwater Parking Manager, Jeremy Alleshouse, “This feature gives our residents and visitors even more convenience when they park in our bright and beautiful city.”

The Pay by Text solution is PCI-DSS certified, giving assurance to parkers that their data is protected. Once the parking session is complete, the payment information is encrypted and the card data is not stored. To provide the parker with future convenience, their mobile device can store the card number in an encrypted manner so the number does not have to be re-entered the next time a parking session is performed.

By implementing modernized parking solutions with convenient payment options, the City will be able to better manage parking turnover and visitor influx during peak periods. The City can help motorists stay in compliance with parking enforcement, reducing the number of citations.

Along with pay by text, visitors may still use the parking kiosks to pay for their parking session, as well as the Flowbird mobile app and Parkmobile.

Pay by Text is now live throughout the City of Clearwater.

About Flowbird

FLOWBIRD operates in 4,350 towns and cities across 80 countries. The company is constantly innovating and breaking new ground to help provide solutions. Its mission is to facilitate the individual journey and maximize a city’s unique mobility potential, while considering all city stakeholders and end-user experiences. Through its devices, elite service platform and teams, Flowbird enables a new era for maximizing urban harmony and value throughout the city’s core.

 

Quercus Technologies: Artificial Intelligence takes control of the new SmartLPR – QAI Inside!

February 08, 2024

 

Artificial Intelligence takes control of the new SmartLPR: QAI Inside!

 

The best LPR ever created New%20version%2C%20new%20name_SmartLPR

Quercus Technologies, a forerunner in All-In-One license plate recognition cameras, is proud to announce the launch of its latest innovation, the new version of the SmartLPR system. This advanced license plate recognition system redefines industry standards, introducing novel key features that will mark a new era in vehicle recognition, while maintaining the essential characteristics for which Quercus was the first to market.

With the latest version, we’ve not only made significant improvements to the product, we’ve also changed the name of our cameras, from SmartLPR Access to SmartLPR. The change comes as a result of our decision to go back to the roots of Quercus, consolidating our identity and highlighting the constant evolution of our LPR technology. This new name also represents our determination to lead in the field of artificial intelligence applied to license plate recognition systems.

QAI_greyQuercus is consolidating its role as a forerunner by incorporating its internally-developed Artificial Intelligence technology into the core of its products: QAI Inside! The main innovation is based on the use of artificial intelligence algorithms to detect and recognize license plates (OCR).

With the latest evolution of our technology and integration of artificial intelligence, we’ve also made major improvements to the Free-flow operation mode. These optimizations are taking the camera’s reliability rate to new levels, truly enabling ticketless and barrierless systems to work perfectly. In fact, we now quantify faults in terms of incorrect license numbers per thousand read, instead of one hundred, as had been the practice until now. The combination of advanced license plate recognition capacity and the power of our artificial intelligence has boosted the accuracy and reliability of our system, contributing to more efficient all-around parking management.

SmartLPR_ai

Our system now has the capacity to simultaneously read plates from an unlimited number of countries, doing away with the need to previously specify which ones it should be able to read. This advancement is a landmark, as it makes the system more flexible, and expedites its configuration.

The main goal has always been the same, simplify the experience for operators and enhance that of users. At the heart of this mission is a solid foundation of internal research and development. Our highly specialized team doesn’t just follow technological evolution: they drive it. Constant research, exploration of new frontiers, and the improvement of existing solutions are essential ingredients that define our commitment to ongoing development.

IMAGE QUALITY IMPROVEMENT

Another major advancement is the taking of better-quality images, with higher levels of definition and sharpness. Compared to prior versions, images are now seen with exceptional clarity and a more attractive overall look for operators’ visual perception. Enhanced quality and brightness play a crucial role in creating more vivid, user-friendly images.

QUERCUS FIRST

Throughout the years, we have been pioneers when it comes to launching different solutions that set the pace for the industry, a sign of our undying dedication to innovating. Quercus First (QF) reflects our ongoing commitment to leading with a visionary, even revolutionary, approach.

  • Worldwide Use: With recognition in over 200 countries, this advanced license plate recognition camera redefines geographic limits. With the same model, the Smart LPR enables successful implementation in a wide range of settings and conditions, ensuring efficient, accurate responses at the international level.
  • Wide Angle Recognition: Optimal license plate recognition at hard-to-read angles.
  • Dual Lamp – Color and IR reading inside the unit. The camera ensures exceptional performance even in dim conditions, for any type of license plate (reflective and non-reflective, in color or black and white).
  • Motorized Lens: The motorized lens provides exceptional agility and unbeatable accuracy, ensuring optimal image capture in diverse conditions.
  • HRR: The SmartLPR cameras can integrate two license plate recognition units per lane, for double license plate reading. This system, based on an artificial vision algorithm, is called HRR, (High Reliability Recognition). It is a parking system that combines all the characters and digits of the front as well as the rear license plates, enabling complete recognition of the license plate number.
  • IP67: The IP67 Certification guarantees optimal performance, even in challenging weather conditions, or in cases of high levels of dust generated inside the parking facility itself. This ensures the integrity of the system and fault-free operation.

With the SmartLPR License Plate Reader, Quercus Technologies reasserts its position as a leader at the cutting edge of technology, getting the most from the power of AI to offer new license plate recognition solutions. The new era in parking technology marks another example of Quercus’ ongoing responsibility toward constant improvement and meeting the changing needs of its customers around the world.

Conduent Announces Agreement to Sell its Curbside Management and Public Safety Businesses to Modaxo

January 04, 2024

 

Conduent Announces Agreement to Sell its Curbside Management and Public Safety Businesses to Modaxo

 

 

 

FLORHAM PARK, N.J.  — Conduent Incorporated (Nasdaq: CNDT), a global technology-led business solutions and services company, announced a definitive agreement to sell its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo , a division of Constellation Software Inc. (TSX: CSU). Modaxo is a global portfolio company focused on advancing people transportation solutions.

The transaction is expected to close in the first quarter of 2024. The closing is subject to the satisfaction of customary closing conditions and regulatory approvals.

“This divestiture demonstrates continued progress in streamlining our portfolio to drive increased focus on our core capabilities and enable synergistic growth to create shareholder and client value,” said Cliff Skelton, Conduent President and CEO. “The proceeds from this transaction and that of our previously announced BenefitWallet transaction , will be used principally to reduce debt. We will continue to be open-minded regarding the use of capital associated with future portfolio rationalization efforts. We are committed to ensuring a seamless transition for our associates and clients while continuing to drive innovation in our road usage charging and transit businesses to enable streamlined, high-volume mobility services.”

The two businesses, which support approximately 130 government clients across the globe, operate largely independent from the rest of Conduent’s transportation portfolio. Curbside management provides parking enforcement systems and public safety provides automated photo enforcement processing, both for state and local municipalities.

Additional details of the transaction are outlined in Conduent’s 8-K filed with the U.S. Securities and Exchange Commission (SEC) today.

About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating exceptional outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 60,000 associates, process expertise, and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including delivering 43 percent of nutrition assistance payments in the U.S., enabling 1.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 12 million tolling transactions every day. Learn more at www.conduent.com .
Media Contacts:
Sean Collins, Conduent, +1-310-497-9205, sean.collins2@conduent.com
Neil Franz, Conduent, +1-240-687-0127, neil.franz@conduent.com

Investor Relations Contact:
Giles Goodburn, Conduent, +1-203-216-3546, ir@conduent.com

Note: To receive RSS news feeds, visit www.news.conduent.com . For open commentary, industry perspectives and views, visit http://twitter.com/Conduent , http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent .

Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.

Forward-Looking Statements
This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” “plan,” “intend,” “will,” “aim,” “should,” “could,” “forecast,” “target,” “may,” “continue to,” “endeavor,” “if,” “growing,” “projected,” “potential,” “likely,” “see,” “ahead,” “further,” “going forward,” “on the horizon,” and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact included in this press release are forward-looking statements, including, but not limited to, statements regarding the expectation that the sale of Conduent’s curbside management and public safety businesses will be consummated and the timing of such consummation, as well as statements regarding Conduent’s focus on a seamless transition for clients and associates. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make. Important factors and uncertainties that could cause actual results to differ materially from those in our forward-looking statements include, but are not limited to: Conduent’s ability to realize the benefits anticipated from the sale of its curbside management and public safety businesses, including as a result of a delay or failure to obtain certain required regulatory approvals or the failure of any other condition to the closing of the transaction such that the closing of the transaction is delayed or does not occur; unexpected costs, liabilities or delays in connection with the proposed transaction; the significant transaction costs associated with the proposed transaction; negative effects of the announcement, pendency or consummation of the transaction on the market price of our common stock or operating results, including as a result of changes in key customer, supplier, employee or other business relationships; the risk of litigation or regulatory actions; our inability to retain and hire key personnel; the risk that certain contractual restrictions contained in the definitive transaction agreement during the pendency of the proposed transaction could adversely affect our ability to pursue business opportunities or strategic transactions; and other factors that are set forth in the “Risk Factors” and other sections of our Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this press release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.

 

Driving Growth: Propark Mobility Names New President, Stephen Duffy

October 11, 2023

 

 

 

 

Driving Growth: Propark Mobility Names New President, Stephen Duffy

 

 

 

 

Hartford, Conn. – Propark Mobility announced today that Stephen Duffy has been appointed president of the company.

“Stephen has been a driving force for Propark’s growth and success in recent years,” said Propark Mobility CEO David Schmid. “His impact has been felt across the country as we have successfully entered new markets and rapidlyexpanded our existing portfolios. Stephen’s tireless planning and strategic vision have directly supported Propark’s ongoing advancement as an innovative leader in the parking industry.”

In 2019, Stephen joined Propark as the company’s Chief Strategy Officer to renew the design and implementation of national growth strategies for the company. Throughout his tenure, Stephen has helped to chart the overall strategic vision for the organization, successfully navigating the company through a period of unprecedented expansion. As a veteran of the parking industry, Stephen has vast experience in successfully steering national sales efforts, developingand implementing scalable growth strategies, and launching programs to execute the company’s vision.

“I am deeply honored to step into this role as president of Propark,” said Duffy. “Alongside our incredible nationwideteam, I am committed to building upon Propark’s exciting momentum and continuing the company’s legacy of excellence and innovation. Through a commitment to old- school service and fueled by a forward-thinking approach, we will continue to honor our commitments to our people and our clients and pave a path to an even brighter future.”

In his new role, Stephen will further strengthen Propark’s position as a national leader in parking management andtechnology-driven mobility solutions. His efforts will ensure Propark’s thriving team of parking and mobility experts implements the company’s strategic business objectives to deliver client-centered service nationwide.

About Propark Mobility

Propark Mobility is a national, innovation-driven parking management company that provides full-service parkingand mobility services for over 700 hospitality, healthcare, commercial, and off-airport locations in over 100 cities across the United States. For more information, please visit www.propark.com.

Metropolis Technologies, Inc. to Acquire SP Plus Corporation for $1.5 Billion

October 06, 2023

 

 

Metropolis Technologies, Inc. to Acquire SP Plus Corporation for $1.5 Billion

 

 

 

SP Plus Corporation stockholders to receive $54.00 per share in cash, representing a 52% premium to the closing stock price on October 4, 2023 and a 28% premium to the 52-week high

Combination of Metropolis Technologies, Inc. and SP Plus Corporation provides clients with additional opportunities to enhance the consumer experience and improve efficiencies

Metropolis Technologies, Inc. has secured $1.7 billion in committed financing led by Eldridge and 3L Capital, along with new investors including BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, and Temasek

 

LOS ANGELES & CHICAGO—-Metropolis Technologies, Inc. (“Metropolis”), a technology company whose computer vision platform enables checkout-free payment experiences, and SP® Plus Corporation (Nasdaq:SP) (“SP+”), a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, today announced that they have entered into a definitive agreement under which Metropolis will acquire SP+ for $54.00 per share in cash. This represents a premium of approximately 52% to the SP+ closing stock price on October 4, 2023 and approximately 28% to its 52-week high for an aggregate enterprise value of approximately $1.5 billion.

Metropolis develops and deploys leading-edge computer vision technology that creates a “drive in and drive out” payment experience for consumers while increasing transparency, capturing revenue and reducing costs for real estate owners. To date, Metropolis has focused on bringing this checkout-free technology to its managed parking facilities, enabling top-tier real estate owners in 40+ major U.S. metropolitan centers to capture revenue from more than five million consumers who do not have to stop to pay. Metropolis was founded in 2017 and is led by Alex Israel, Travis Kell, Peter Fisher, and Courtney Fukuda.

SP+ is a best-in-class technology and operations management provider, with a long track record of bringing together innovative solutions with superior service. SP+ has over 20,000 team members who manage approximately two million parking spaces and provide services at over 3,300 commercial locations and over 160 airports. Through its Sphere Commerce technology solutions, SP+ offers clients a compelling value proposition and the ability to implement technology upgrades that enable frictionless transactions.

Metropolis and SP+ share a vision of enhancing the consumer experience utilizing technology while improving efficiencies. With the acquisition of SP+, Metropolis will be able to bring new capabilities to North America’s leading network with operations in over 360 cities, serving millions of consumers and processing over $4 billion in payments annually. This expanded market for checkout-free payment experiences offers new opportunities for property owners and managers to capture value and reduce inefficiencies.

“Today we announced a transformational acquisition that represents both a new paradigm in how technology companies grow and a significant step forward in offering consumers a remarkable experience,” said Alex Israel, Co-founder and Chief Executive Officer of Metropolis. “SP+ is a phenomenal business whose operational excellence, talented leadership team and high customer satisfaction levels have long made it a key partner to real estate owners across North America. The combined platform will seek to bring checkout-free payment experiences to consumers.”

Israel continued, “While transforming the parking experience is our focus and priority today, as we deploy our proven technology we see opportunity to offer checkout-free transaction experiences at even more places people go. From gas and electric vehicle-charging stations to drive-thrus and car washes, as well as retail stores, our computer vision platform enables people to transact in the physical world with even greater ease than we experience online. We’re excited about the future with our new colleagues from SP+.”

“This transaction delivers immediate and certain value to our stockholders at a substantial premium to current and historical trading levels. We expect the transaction to offer an exciting path forward for our team members, partners, clients and consumers in the U.S. and abroad. While our technology offerings are successfully fulfilling client and market demand, with increased investment, we see the opportunity to accelerate the technology roadmap for the benefit of our clients and their customers,” said Marc Baumann, Chairman and Chief Executive Officer of SP+. “Combining with Metropolis will advance the pace of technology deployment, which will allow us to do more for existing clients and add new ones as we provide additional high-quality, cutting-edge client and consumer experiences.”

“Metropolis has built a thoughtful and differentiated platform that provides consumers with an efficient, frictionless experience,” said Tony Minella, Co-founder and President of Eldridge, an existing Metropolis investor that is leading the financing of the transaction. “We are excited to deepen our partnership with Alex and the rest of the Metropolis team and to support their efforts to accelerate the company’s vision, and are proud to work with a tremendous group of investors that will support the company’s growth.”

Transaction Details

Metropolis has obtained commitments for equity and debt financing totaling $1.7 billion to complete the transaction, consisting of $1.05 billion in Series C preferred stock financing and $650 million of debt financing. These financing commitments are led by Eldridge and existing Metropolis investor 3L Capital, along with new investors including BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, and Temasek. Other existing investors, Slow Ventures and Assembly Ventures, participated. Metropolis will use the net proceeds to finance the acquisition of SP+, while retaining significant capital on its balance sheet.

The transaction is expected to close in 2024, subject to receipt of required regulatory approvals and approval of SP+’s stockholders, as well as other customary closing conditions. The boards of directors of both companies have unanimously approved the transaction, and the board of directors of SP+ recommends that SP+ stockholders vote in favor of the transaction. Upon completion of the transaction, shares of SP+ common stock will no longer trade publicly. Metropolis will continue to be founder-led and founder-controlled as a private company, with participation by other equity investors.

Goldman Sachs & Co. LLC and BDT & MSD Partners, LLC are serving as financial advisors to Metropolis. Goldman Sachs & Co. LLC acted as placement agent on the Series C transaction, and Maranon Capital L.P. (an Eldridge affiliate) and Goldman Sachs & Co. LLC acted as joint lead arrangers on the debt financing. Willkie Farr & Gallagher LLP and Fenwick & West LLP are serving as legal advisors to Metropolis. Morgan Stanley & Co. LLC. is serving as financial advisor to SP+, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to SP+. Sidley Austin LLP is serving as legal advisor to Eldridge.

About Metropolis
Metropolis is an artificial intelligence company for the real world. Metropolis’ computer vision platform enables people to transact in the physical world with even greater ease than we experience online. Today, we are reimagining parking. Because it’s important, it’s everywhere, and impacts everyone – enabling millions of consumers to just “drive in and drive out” – that’s it. Tomorrow, we will power “checkout-free” experiences anywhere you go. www.metropolis.io

About SP+
SP+ (www.spplus.com) develops and integrates industry-leading technology with best-in-class operations management and support to deliver mobility solutions that enable the efficient and time-sensitive movement of people, vehicles, and personal travel belongings. With over 20,000 team members located throughout North America and Europe, SP+ is committed to providing solutions that make every moment matter for a world on the go.

About Eldridge
Eldridge invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices across the United States and in London. To learn more about Eldridge, please visit www.eldridge.com.

About 3L
3L is a private equity firm that invests in emerging growth companies. The firm backs innovative founders and management teams across the Commerce, Enterprise Software and Tech-enabled Services landscapes, with a particular emphasis on opportunities where M&A and creative financing strategies can augment strong organic growth. 3L provides management teams with the capital, perspective, and relationships needed to become category leaders. The firm is based in Los Angeles and New York City. To learn more about 3L, please visit www.3lcap.com

Use of Forward-Looking Statements
This communication includes certain “forward-looking statements” within the meaning of, and subject to the safe harbor created by, the federal securities laws, including statements related to the proposed merger of SP+ with an affiliate of Metropolis (the “Transaction”), including financial estimates and statements as to the expected timing, completion and effects of the Transaction. These forward-looking statements are based on SP+’s current expectations, estimates and projections regarding, among other things, the expected date of closing of the Transaction and the potential benefits thereof, its business and industry, management’s beliefs and certain assumptions made by SP+, all of which are subject to change. Forward-looking statements often contain words such as “expect,” “anticipate,” “intend,” “aims,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “considered,” “potential,” “estimate,” “continue,” “likely,” “expect,” “target” or similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. By their nature, forward-looking statements address matters that involve risks and uncertainties because they relate to events and depend upon future circumstances that may or may not occur, such as the consummation of the Transaction and the anticipated benefits thereof. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the Transaction on anticipated terms and timing, including obtaining required stockholder and regulatory approvals, and the satisfaction of other conditions to the completion of the Transaction; (ii) the ability of Metropolis to obtain the necessary financing arrangements set forth in the commitment letters received in connection with the Transaction; (iii) potential litigation relating to the Transaction that could be instituted against Metropolis, SP+ or their respective directors, managers or officers, including the effects of any outcomes related thereto; (iv) the risk that disruptions from the Transaction will harm SP+’s business, including current plans and operations; (v) the ability of SP+ to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transaction; (vii) continued availability of capital and financing and rating agency actions; (viii) legislative, regulatory and economic developments affecting SP+’s business; (ix) general economic and market developments and conditions; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the Transaction that could affect SP+’s financial performance; (xi) certain restrictions during the pendency of the Transaction that may impact SP+’s ability to pursue certain business opportunities or strategic transactions; (xii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, pandemics, outbreaks of war or hostilities, as well as SP+’s response to any of the aforementioned factors; (xiii) significant transaction costs associated with the Transaction; (xiv) the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xv) the occurrence of any event, change or other circumstance that could give rise to the termination of the Transaction, including in circumstances requiring SP+ to pay a termination fee or other expenses; (xvi) competitive responses to the Transaction; (xvii) the risks and uncertainties pertaining to SP+’s business, including those set forth in Part I, Item 1A of SP+’s most recent Annual Report on Form 10-K and Part II, Item 1A of SP+’s subsequent Quarterly Reports on Form 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed by SP+ with the SEC; and (xviii) the risks and uncertainties that will be described in the Proxy Statement available from the sources indicated below. These risks, as well as other risks associated with the Transaction, will be more fully discussed in the Proxy Statement. While the list of factors presented here is, and the list of factors to be presented in the Proxy Statement will be, considered representative, no such list should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material impact on SP+’s financial condition, results of operations, credit rating or liquidity. These forward-looking statements speak only as of the date they are made, and SP+ does not undertake to and specifically disclaims any obligation to publicly release the results of any updates or revisions to these forward-looking statements that may be made to reflect future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Important Additional Information and Where to Find it
In connection with the proposed transaction between SP+ and Metropolis, SP+ will file with the SEC a Proxy Statement, the definitive version of which will be sent or provided to SP+ stockholders. SP+ may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which SP+ may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement (when it is available) and other documents that are filed or will be filed with the SEC by SP+ through the website maintained by the SEC at www.sec.gov, SP+’s website at www.spplus.com or by contacting SP+’s Investor Relations Team at:

SP Plus Corporation, Investor Relations
200 E. Randolph Street, Suite 7700
Chicago, Illinois 60601-7702
investor_relations@spplus.com
(312) 274-2000

Participants in the Solicitation
SP+ and certain of its directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies from SP+’s stockholders with respect to the proposed transaction. Information about the participants, including their ownership of SP+’s securities, is set forth in the proxy statement for SP+’s 2023 Annual Meeting of Stockholders, which was filed with the SEC on March 30, 2023 (the “Annual Meeting Proxy Statement”). To the extent holdings of securities by the participants (or the identity of such participants) have changed since the information disclosed in the Annual Meeting Proxy Statement, such information has been or will be reflected on SP+’s Statements of Change in Ownership on Forms 3 and 4 filed with the SEC. You may obtain free copies of these documents using the sources indicated above. Investors may obtain more detailed information regarding the direct and indirect interests of SP+ and its respective directors, executive officers and other employees in the transaction, which may be different than those of stockholders generally, by reading the preliminary and definitive proxy statements regarding the transaction, which will be filed with the SEC.

In addition, Metropolis and certain of its directors, executive officers and other employees may be deemed to be participants in the solicitation of proxies from SP+’s stockholders in connection with the proposed transaction. Investors may obtain more detailed information about Metropolis’s directors, executive officers and other employees by reading SP+’s preliminary and definitive proxy statements regarding the transaction, which will be filed with the SEC.

Contacts

Metropolis
FGS Global
Kerry Golds, Robin Weinberg, and Jared Levy
metropolis@fgsglobal.com

SP+
AdvisIRy Partners
David Gold
david.gold@advisiry.com
212-661-2220

Eldridge
Nadia Damouni
ndamouni@prosek.com
646-818-9217

Beam Global EV ARC™ Systems Continue to Operate Throughout Hurricane Idalia

September 07, 2023

 

 

Beam Global EV ARC™ Systems Continue to Operate Throughout Hurricane Idalia

EV ARC™ Systems in Florida, Georgia and the Carolinas continued to charge vital vehicles during grid outages

 

SAN DIEGO, Sept. 07, 2023 (– Beam Global, (Nasdaq: BEEM, BEEMW), (the “Company”), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage and energy security, today announced that none of its EV ARC™ products were disabled by Hurricane Idalia.

EV ARC™ systems in Florida, Georgia and the Carolinas which were in the direct path of the hurricane continued to provide vital EV charging and emergency power throughout the storm. Several locations where EV ARC™ systems are deployed experienced prolonged grid outages as a result of the hurricane, but Beam Global’s customers were able to continue to charge their EVs and access the emergency power panels integrated into the EV ARC™ product. The storm made landfall on Florida’s Gulf Coast cutting off power to more than 470,000 customers in Florida and Georgia.

Beam Global customers in the impacted region include the U.S. Army, the U.S. Marine Corps, the U.S. Department of Veterans Affairs, and the Department of Homeland Security. Organizations with vital fleet vehicles and the responsibility to provide services to the broader community can particularly benefit from Beam Global’s rapidly deployed off-grid EV charging infrastructure products which continue to operate during grid outages or in locations where it is too expensive, disruptive or impossible to extend the utility grid.

EV ARC™ systems are independently rated to withstand winds of 160 mph and are able to continue to operate in 9.5 feet of flooding. They support any quality brand EV charger and can be equipped with an optional Emergency Power Panel which provides 120v and 240v outlets for use by first responders or other authorized users when utility power is not available.

“We know how important it is to keep our customers’ vehicles moving,” said Desmond Wheatley, CEO of Beam Global. “That’s why we have developed products that continue to operate even during the harshest conditions. Extreme weather and events like wildfires are becoming more common and more destructive. It’s vital that the U.S.’s fueling infrastructure has redundancy and resiliency. Our products are providing both to our customers, many of whom are the very people we all rely on during disasters. We believe that at least 25% of EV charging infrastructure should include locally generated and locally stored electricity which is immune to centralized grid failures. Hurricane Idalia is just the latest incident to prove that belief to be correct. I’m grateful to those who serve during tough times and I’m proud that our products are there to support their vital missions.

Large, sustained grid outages have occurred with increasing frequency in the U.S. over the past two decades, according to a Wall Street Journal review of federal data. In 2000, there were fewer than two dozen major disruptions, the data shows. In 2020, the number surpassed 180. Weather-related problems have driven much of the increase in large outages shown in federal data, topping 100 in 2020 for the first time since 2011. Beam Global’s products provide a sustainable and scalable supply of electricity for EV charging and other uses even during extreme weather events.

About Beam Global

Beam Global is a clean technology leader providing innovative, sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media. Core platforms include Beam EV ARC™ and Solar Tree® sustainable EV charging systems, Beam AllCell™ high-performance energy storage solutions, energy resiliency and disaster preparedness products and a deep patent library.

Beam EV ARC™ EV charging infrastructure systems support any quality brand EV charging service equipment, and Beam AllCell™ battery solutions power micro-mobility, terrestrial EVs, aviation, maritime and recreational vehicles as well as stationery and energy-security platforms.

Beam develops, patents, designs, engineers and manufactures unique and advanced clean mobility solutions that protect the environment, save customers time and money, empower communities and keep people moving. Based in San Diego and Chicago, the company produces Made-in-America products with the mission to Lead the World to Clean Mobility. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW. For more information visit BeamForAll.com, LinkedIn, YouTube and Twitter.

Forward-Looking Statements

This Beam Global Press Release contains forward-looking statements including but not limited to statements about the Company’s belief about its future profitability. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results.

OMNIQ PARTNERS WITH TRIPSHOT TO PROVIDE A UNIQUE FRICTIONLESS PARKING SOLUTION FOR A MAJOR US TECHNOLOGY COMPANY

August 29, 2023

 

OMNIQ PARTNERS WITH TRIPSHOT TO PROVIDE A UNIQUE FRICTIONLESS PARKING SOLUTION FOR A MAJOR US TECHNOLOGY COMPANY

 

 

 

SALT LAKE CITY, Aug. 29, 2023  — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial Intelligence (AI)-based solutions, announced today that it has partnered with TripShot, a leading transportation demand management (TDM) solution company to provide a unique frictionless parking solution for a major US technology company.

The innovative collaboration with TripShot’s TDM solution combined with omniQ’s Machine Vision technologies including the Vehicle Recognition System (VRS) takes innovative access control solutions and elevates the experience of commuters and campus parking management professionals.

The partnership will provide a seamless delivery of real-time occupancy information to campus parking managers via QR-based or VRSL-based access control systems. Through the TripShot app, commuters can easily procure a QR-code, scan it at the parking gate arm and begin or conclude a parking reservation. This process optimizes parking space utilization and supports commuters with a new level of convenience

Shai Lustgarten, CEO of omniQ stated “We are honored to partner with TripShot as we coordinate to offer the most unique solution on the market today. TripShot brings a pristine reputation of success servicing Fortune 100 companies and a unique product offering. Our combined experience places us in a position of strength to continue to deliver the most innovative products in the market. In addition to providing this capability to one of the most recognizable technology companies in the world, our work involved the integration into a global leading CRM software company. Our new customer will rely on omniQ’s software data, and the CRM platform, which will allow the customer to track, monitor, and manage its operations. This innovative technology will be available to corporate campuses and parking facilities globally, making it easier for drivers to seamlessly secure parking anywhere a parking structure is located.“

“We are excited to partner with OmniQ to support a global tech company’s campuses,” said Patrick Le, Co-Founder and Chief Product and Strategy Officer at TripShot. “Our mutual commitment to customer satisfaction and innovation results in solutions that make using and managing campus parking even easier. This partnership will grow as we continue to expand solutions with other leading companies, universities and more.”

This integration is another step towards a more seamless campus transportation experience during a time of hybrid work and rapidly changing commuting trends. TripShot and OmniQ will continue to grow their partnership to enhance campus TDM and access control technology.

About OMNIQ Corp: 

OMNIQ Corp. provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management, and access control applications. The technology and services provided by the Company help clients move people, assets, and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.

OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, oil, gas, and chemicals.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $67.1 billion by 2028, and the Ticketless Safe Parking market, forecast to grow to $33.5 billion by 2032 and the fast casual restaurant sector expected to reach $209 billion by 2027.

For more information please visit www.omniq.com.

Information about Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Examples of forward-looking statements include, among others, statements made in this press release regarding the closing of the private placement and the use of proceeds received in the private placement. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at https://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.

Contact Info:
IR@omniq.com

About TripShot

TripShot is a mobility technology platform that helps transit programs of all sizes—from private company shuttles and campus connectors to universities and public transit agencies—run safely, efficiently and competitively. Founded in 2014, TripShot has grown by serving Fortune 100 companies and building a range of intelligent features for some of the largest private transit networks in the world. TripShot replaces old complex commuter and fleet management systems, by providing a cutting-edge all-in-one platform with the tools managers need to run operations that build driver and rider confidence. Platform solutions include Fixed Route, On Demand Transportation, CAD/AVL, GTFS-RT, Capacity Management, Reservations, Parking and Digital Wallet. Visit TripShot.com to learn more.

Media Contact

Danny Drees
216-372-6209
ddrees@tripshot.com

EV charge point operator Believ announces new CEO

August 07, 2023

EV charge point operator Believ announces new CEO

 

 

Believ, the UK’s fastest growing Electric Vehicle charge point operator, has appointed Guy Bartlett as its new CEO.

 

Guy has a first class track record in the energy sector. He joins from infrastructure and solutions provider SMS plc, where he led the Energy Services division, focusing on developing strategy, new markets, technology and services. Prior to SMS he held various leadership roles at Deloitte, Smiths Engineering Group and Arthur D Little.

 

Believ – a joint venture between Liberty Global and Zouk Capital – has already delivered more than 2.4 million kWh of charge, amounting to a saving of nearly 200,000 kg of COin line with its mission of achieving ‘cleaner air for all’.

 

Commenting on Guy’s appointment, Jonathan Pearson, Chair, Believ and MD, Capital Allocation and Business Control, Liberty Global says: “Guy’s proven abilities and passion for the energy sector will be key to accelerating the growth of the business as a charge point operator capable of delivering an end-to-end charge point service at scale and pace to address the Government’s ambition of installing 300,000 publicly-accessible charge points by 2030.”

 

Massimo Resta from Zouk Capital says: “We are delighted to welcome Guy to Believ to lead its next phase of dynamic growth. With our shared mission of scaling accessible and reliable charging infrastructure, we are looking forward to continuing to work with the team at Believ to deliver on Zouk’s Charging Infrastructure Investment Fund’s central objective, of creating public EV charging networks for the UK’s EV drivers.”

 

Perran Moon, CMO and Interim CEO, Believ adds: “We’re thrilled that Guy will be joing the team to help build on our flourishing reputation for the reliability of our  technology, the quality of our service and the experience of our people. We look forward to Guy building on the firm foundations we’ve created in making Believ synonymous with delivering cleaner air for all.”

 

As well as supporting dozens of local authorities in realising their residents’ EV charging needs, Believ also recently launched its new B2B proposition, with a strong emphasis on the reliability of the equipment installed, with the result that network reliability is averaging over 99% over the last six months.

 

Guy will formally take over the role from Perran on 15th September 2023.

 

Guy-Bartlett

 

ABM Continues Twenty-Year Parking Partnership with Orlando International Airport

June 01, 2023

 

ABM Continues Twenty-Year Parking Partnership with Orlando International Airport

 

 

 

ORLANDO, Fla., — ABM (NYSE: ABM), a leading provider of facility services, infrastructure solutions, and parking management, today announced a five-year partnership with one of the nation’s busiest airports, Orlando International Airport (MCO). This partnership serves as an extension of ABM’s twenty-year collaboration with MCO and will include providing parking and valet services at all three airport terminals, including the recently opened Terminal C—an innovative terminal geared toward high-tech passenger conveniences and the largest expansion project in airport history.

 

With air passenger volume across the U.S. returning to pre-pandemic levels, the number of people parking at airports is also increasing, creating a heightened demand from travelers for enhanced experiences. As one of the nation’s largest parking and transportation management providers, supporting over 2,000 client locations across the country, ABM is perfectly situated to deliver unparalleled service as MCO continues to set industry standards as a world-class, global gateway. This news follows ABM’s recent debut of its innovative Smart Parking solution, ABMVantage, aimed toward redefining parking infrastructure and developing parking and transportation experiences that prioritize drivers and travelers to create unified parking systems for its partners.

 

“At ABM, we value and appreciate the longstanding partnerships we’ve established with our clients and are excited to continue our relationship with MCO through 2028,” said Larry DeLuca, Vice President, Aviation Landside Services Central, ABM. “This partnership extension serves as a true testament of our shared commitment with MCO to deliver outstanding customer service and innovative solutions to help ensure airport guests are happy and safe from arrival to departure.”

For more information on ABM, please visit www.abm.com.

 

ABOUT ABM

ABM (NYSE: ABM) is one of the world’s largest providers of facility services and solutions. A driving force for a cleaner, healthier, and more sustainable world, ABM provides essential services and forward-looking performance solutions that improve the spaces and places that matter most. From curbside to rooftop, ABM’s comprehensive services include janitorial, engineering, parking, electrical and lighting, energy and electric vehicle charging infrastructure, HVAC and mechanical, landscape and turf, and mission critical solutions. ABM serves a wide range of industries – from commercial office buildings to universities, airports, hospitals, data centers, manufacturing plants and distribution centers, entertainment venues and more. Founded in 1909, ABM serves over 20,000 clients, with annualized revenue approaching $8 billion and more than 100,000 team members in 350+ offices throughout the United States, United Kingdom, Republic of Ireland, and other international locations. For more information, visit www.abm.com.

 

MEDIA CONTACT
ABM
Michael Valentino
michael.valentino@abm.com

TIBA Parking Systems LTD. Launch the X60 and SPARK platform in Israel

May 16, 2023

 

 

TIBA Parking Systems LTD. Launch the X60 and SPARK platform in Israel

 

 

 

Petach Tikvah, Israel, May 10, 2023 – TIBA Parking Systems company of FAAC Technologies, a global Parking andRevenue Control Systems (PARCS) development company announces the launch of X60 hardware product line,that is complemented by homegrown enhanced legacy Smart Park as well as all new native cloud SPARK software platforms in Israel.

For over 30 years, TIBA has provided innovative solutions for parking operators and owners, through reliable products that are easy to install, commission and maintain, and provide the best return on investment and lowestcost of ownership in the industry. The TIBA X60 hardware is an embedded proprietary controller-based, OS Less solution that encompasses the latest technologies including robust field-proven components such as touch screen,integrated SIP on board intercom and pin hole camera, voice annunciator, printer, barcode scanners, bill validators, andmuch more. The TIBA solution is highly customizable thus can support a tailor-made configuration for the needs of the different garages and use cases. The X60 platform as well as the all new SPARK cloud platform are backward compatible to our existing install base, thus allowing our customers to evolve into the new product line.

Since 2020, TIBA has been successfully deploying the X60 product line in USA, Australia, and additional territories around the world: parking operators benefit from its flexible solutions coupled with TIBA native cloudSPARK platform, the enhanced legacy Smart Park software, as well as a wide variety of third-party supplier integrationswith complementary hardware and software solutions. “With hundreds of garages and cloud tenants already deployed inother global territories, installations in Israel will be seamless and backed by a proven track record to our customers” says Luca Cervato, Parking BU Director at FAAC Technologies. “With TIBA originating in Israel and influencing thelocal market together with our distributors, valued customers, local leadership and development center, the Parking BU of FAAC Technologies is committed and geared to maintain our preeminence in the Israeli market as well as evolving neighboring territories”.

We are proud to have the TIBA product lines developed in Israel and tailored to both the local and the international markets: our agile solutions, reliability and extremely fast architecture allow for the engaged parking experience. Our all-new native cloud SPARK platform and mobile phone SPARK application grant full control and ease of management for the garage owners and operators. The local Israeli market characteristics, our strong relationship with the market leaders and committed operational and service excellence in the country will enable our quick and successful deployments already underway” says Ilan Lev, General Manager of TIBA Israel. We strive to not onlyserve but also protect our customers’ investments in the TIBA solution, and we do that by continuing to invest and develop new features and capabilities in our platform, while maintaining backward compatibility to our legacy installations: our new X60 platform and cloud solutions are backward compatible to our legacy product lines installed in the field, allowing our valued customers to use their TIBA systems and maintain continuity of their business while gradually migrating to the new offering.”

TIBA supports customers in Israel and around the world in all segments of the parking industry: airports, large campuses, multi-use parking complexes, governmental solutions for the smart city and congestion control, automated robotic parking, healthcare and hospitals, education and universities, hotels, hospitality, and much more. TIBA flexible and reliable solutions architecture allows for unique solutions to support the different verticals with tailor fit solutions.

About TIBA

 

TIBA Parking Systems, a company of FAAC Technologies is a preeminent leader of solutions for the parking andmobility industry. With the most advanced and flexible systems, TIBA products are scalable, reliable, and user-friendly. TIBA is committed to an “Engaged Parking Experience” through a focus on superior products, providing the industry’s most configurable solutions, and delivering a first-rate customer success partnership. TIBA’s flexible cloud architecture enables parking operators to leverage technology and market trends and unlock new revenueopportunities. TIBA serves parking operators and owners both directly and through an extensive network of value-added resellers. Visit www.tibaparking.com to learn more.

 

About FAAC Technologies

 

FAAC Technologies is one of the leading international players in the access automation and control business in both the residential and industrial sectors. The executive headquarters, the technological and managerial heart, are located in Bologna, Italy, but the group boasts a huge presence abroad, where it develops most of its business with both production sites and commercial premises. Established in Bologna in 1965 thanks to the forward-thinking intuition of its founder Giuseppe Manini, FAAC Technologies is today an international group led by a consolidated andhighly motivated management team, which operates through 53 legal entities present in 29 countries distributed across 5 continents, and over 3,600 employees.

 

Forward-looking statements

 

The information included in this press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Saidforward-looking statements. Subject to uncertainties and assumptions and the actual results may materially differ. Allforward- looking statements in this press release are based on information available to TIBA Parking Systems on the datehereof. All written or oral forward-looking statements attributable to TIBA Parking Systems are expressly qualified in their entirety by the factors referred to above. TIBA Parking Systems does not intend to update these forward-lookingstatements.

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