NEW YORK, NEW YORK – January 21, 2016 – Park Assist will install their L4 system which combines LED lighting with camera based parking guidance at Legacy West in 2016. Legacy West located in Plano, Texas will be the first North American site with the L4 system, joining the growing list of properties in Europe with this groundbreaking technology. Legacy West is a 240-acre mixed-use site developed by Karahan Companies that will include retail, dining, and residential tenants, in addition to various corporate headquarters for Toyota, JPMorgan Chase and FedEx.
The L4 system combines an ultra-efficient LED Lightpipe, which uses 60% less electricity than traditional lighting, with Park Assist’s camera based parking guidance system. A Lightpipe is an elongated circular source of LED lighting designed specifically for parking garages. Not only does the L4 system provide energy efficient LED lighting but the system also provides all the features and functionality of our M4 system.
Fehmi Karahan, CEO of Karahan Companies said, “At Legacy West, we will be delivering a world-class experience from the moment customers enter our property. The L4 system provides energy saving lighting, a stress-free parking experience for our customers, as well as enhanced security coverage. Park Assist is a perfect fit for our vision of a high-end, best amenities offered at our development and we’re very excited to be the first to bring this innovative parking technology to North America.”
“While the L4 system has been installed at multiple sites throughout Europe, Legacy West will be the first L4 system deployment in North America. We’re looking forward to working with Fehmi Karahan on this project because it demonstrates that Karahan Companies is forward thinking, innovative and seeking advanced technology in parking,” said Gary Neff, CEO of Park Assist.
Legacy West parkers will enjoy an effortless parker experience, with guidance to all four parking garages and back to their car using Park Assist’s Find Your Car™ feature. Park Assist’s software features Park Alerts and Park Surveillance will be utilized to provide a heightened level of security and peace-of-mind to Legacy West customers. The projected project completion date is Summer 2016.
Park Assist® is a business intelligence technology company that utilizes cameras to enhance the efficiency and profitability of parking facilities through guidance, license plate recognition, surveillance, and its premium parking features. Our M4 and L4 camera systems improve the parker experience in 24 countries and growing worldwide. Park Assist has offices in New York, San Francisco, Sydney, Amsterdam, London, Dubai, Santiago and Panama City. Park Assist is part of the TKH Group (Euronext: TWEKA), a $1.6 billion publicly traded company headquartered in the Netherlands. For more information, visit www.parkassist.com.
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