Tag Archives for: ParkNew.biz

Harvard Developments selects Nortech Parking Systems for new TIBA X60 Automated Parking Systems at Two Sites in Downtown Regina SK

July 08, 2022

 

 

Harvard Developments selects Nortech Parking Systems for new TIBA X60 Automated Parking Systems at Two Sites in Downtown Regina SK

 

 

 

  • The TIBA X60 product line is the fastest processing platform available in the industry today providing customers with quick access and smooth payment processing.
  • Harvard, a company founded over 100 years ago, is a leader in Western Canada as it pertains to residential, office, and retail projects.
  • Harvard will be utilizing the Nortech Cloud-Hosted Solution with a Data-Centre Nortech built, maintains, and grows in Winnipeg, MB.
  • Nortech Parking Systems has evolved to become the current day leader in Canada for providing parking systems, design services, the newest technology, holistic automated parking solutions, project management, and ongoing support.

 

Winnipeg MB – Harvard Developments partners with Nortech Parking Systems. Harvard selected Nortech to install two new TIBA X60 Systems at the Hill Centre and Rose Street Parkades in downtown Regina. This includes 8 lanes of revenue and access control, 8 new barrier gates, 3 pay stations, the TIBA Mobile Access App, Cloud-Hosting, and a comprehensive Support Program. The installation was completed in May.

Nortech is excited for this partnership with Harvard. Jesse Perry, Vice President Nortech Parking Systems, stated, “Harvard is exactly the type of partner we look for, forward thinking and growing which aligns very well with Nortech Parking Systems as we continue to innovate and expand with the evolving parking industry”.

ABOUT NORTECH

Founded in 2010, Nortech began as an installation, service, and support organization for a variety of different parking technology manufactures. Nortech is the exclusive partner for TIBA Parking Systems in Canada and has been since 2018. With over 100 years of combined team experience, Nortech meets and exceeds customers’ expectations as it pertains to maximizing revenue opportunities and ensuring a world class customer experience. We work very close with technology partners like TIBA, omniQ, Zephire, ParkMobile, INDECT, Chauntry, Moneris, and Windcave to deliver innovative and advanced solutions for our customers.

ABOUT TIBA VAR GROUP & TIBA

The Authorized TIBA VAR Group is a multi-national collection of premier system integrators that specialize in the Parking & Mobility segment exclusively representing TIBA Parking Systems, the industry leader. Aligned with TIBA, the Authorized TIBA VAR Group is wholly committed to an “Engaged Parking Experience” through a focus on superior products, the industry’s most configurable solutions, and delivering first-rate customer support. TIBA’s robust, scalable cloud architecture enables our clients to leverage technology and market trends to unlock new revenue opportunities. The TIBA VAR Group member companies serve both parking asset owners and operators. Visit www.tibaparking.com to learn more.

Getting our engines revived at the IPMI 2021 Conference – ParkNews.biz Nov 30th – Dec 6th, 2021

December 06, 2021

 

 

 

Getting our engines revived at the IPMI 2021 Conference – ParkNews.biz Nov 30th – Dec 6th, 2021

 

 

Last week, many of us were privileged to attend IPMI 2021 conference and expo in Tampa.  It was truly such a joy to see so many friends and colleagues in the most beautiful setting of waterfront Tampa, FL.  I was especially excited to see my colleagues from Europe as the Parking Network Team from Holland and several other colleagues from UK and Austria.

The joy of people seeing people in person was palpable.  Yes, we had our PIE show this year and NPA happened also – the latter one, I didn’t attend so I don’t know.  With IPMI this year, the engines are moving full speed.  As our inner engines.

The pandemic has taken a toll on all of us, consciously and unconsciously.  One had to only listen to the most amazing Cindy Campbell and her presentation “When Enough is Enough: Setting Professional Boundaries with Angry Customers”, how tight wired we all are.  By the way, I truly believe that Cindy Campbell is our own version of Brene Brown.  Not only is Cindy brilliant and kind, just as Brene, she uses her own experiences and observations, to give us the data an the tools.  And for us to reflect and learn.

 

For one, have you thought why others are rude?  Never mind that, I myself might be rude yet, of course I am mightier than thou so pointing fingers is easier.

Cindy lists causes of rudeness:

  • Inflated self-worth (entitlement)
  • Low self-wroth (fear, inferiority)
  • Stress
  • Materialism
  • Perception of Injustice
  • Mental health issues

Wouldn’t it make a difference for all of us, if we reflect that the other might be going through some challenges or have a personality defect, as we all do, before judging them?

As Shunryu Suzuki says in his, Zen Mind, Beginner’s Mind: Informal Talks on Zen Meditation and Practice, “Emotionally we have many problems, but these problems are not actual problems; they are something created; they are problems pointed out by our self-centered ideas or views.”

Cindy Campbell asked us how many of us thing we have believes or are strong in our believes.  Apropos of Suzuki, Cindy invited us to wake up and realize that our believes are just opinions.

Thank you so much Cindy for once again giving me both a lesson and a blessing.  I am thrilled to see you present at our PIE 2022 in Reno, NV.

Last but not least, this coming issue of Parking Today, Jan 2022, we have a page or two dedicated to the visual aspects of all of us and parking.  Thus, we are celebrating you all and parking via some pinned pics.  For now, the pics come from me.  Yet, in the future, I hope you will send me your photographs of you and your colleagues and friends and parking, so we can include them in PT.  As find yourself on our pages.  You are pinned with gratitude and appreciation that you are.  Because no matter our challenges, we are all so blessed to be here in the now.

Have the most magical Christmas Season.  Thank you IPMI for the most magical conference.

Sincerely,

Astrid Ambroziak

Editor, ParkNews.biz

Creative Director

Parking Today

310 390 5277 ext 9

astrid@parkingtoday.com

www.parkingtoday.com

 

TKH Security Selected to Deploy its Smart-Parking System in The City of Hollywood, FL

November 18, 2021

 

 

 

 

TKH Security Selected to Deploy its Smart-Parking System in The City of Hollywood, FL

 

 

CHESHIRE, CT –  TKH Security (formerly Park Assist) has been awarded the Parking Guidance System (PGS) contract for The City of Hollywood’s Nebraska Parking Garage. The City of Hollywood is a beachfront community located in southeastern Broward County between Miami and Fort Lauderdale, Florida. It spans approximately 30 square miles with a population of roughly 143,000 residents. It includes a one-of-a-kind Hollywood Beach Boardwalk that stretches almost 2.5 miles along the Atlantic Ocean. The Nebraska Garage, an 8-level, 128,542 square foot facility, will use TKH Security’s camera-based M4 smart-sensor system and digital wayfinding signage to help quickly and seamlessly guide visitors to available parking. The system and parking garage will also offer ParkMobile and Pay-By-Plate payment options for residents and guests.

Available parking by the beach in the City of Hollywood can be very limited for resident beachgoers and guests. The Nebraska Garage was built to accommodate this high-traffic destination and provide additional parking options. TKH Security’s M4 solution will help further enhance the facility, elevate the visitor experience, and facilitate a smoother traffic flow. Additionally, this smart-parking system will also include the Park Alerts software module and CX+ API package.

TKH Security’s digital wayfinding signage guides parkers through the facility. Continuously updated with occupancy data collected from the sensors, these signs help parkers make informed parking decisions. The camera-based smart-sensors then signal which specific spaces are available or occupied using color-coded LED lights — significantly reducing search and park times and decreasing congestion across the facility.
The Park Alerts software add-on enables parking management to gain valuable control over the garage. This module allows the City of Hollywood to set automated rules and alerts that help parking staff manage garage activity, increasing the efficiency and security of the facility.

The CX+ API package was designed to help further elevate the customer experience. Empowering advanced mobile apps, palm-of-the-hand and vehicle-connected wayfinding, and a myriad of additional CX functionalities, this unique API ensures that each parker is treated to the highest level of guidance and comfort for a first-class, stress-free parking journey.

“The City of Hollywood is one of the most attractive destinations in South Florida to enjoy oceanfront views and leisure. We are delighted to help local residents and guests find available parking with our M4 camera-based technology and look forward to enhancing the driving experience for years to come.” Said Thomas Alexander, Regional Account Manager.

This will be TKH Security’s 17th installation in Florida.
Site work will begin in December and is slated for completion in the first quarter of 2022.

About TKH Security

TKH Security specializes in the development of smart electronic security, safety, and parking guidance systems. With over 25 years of experience, we offer complete solutions for Parking Guidance, Parking Facility Management, Security Management, Access Control, Video Management, Intrusion Detection, Intercom, Surveillance, and Asset & Site Management. We are always looking for innovative solutions for the market with a focus on creative, flexible and open architecture integration. Recently merging with seven companies (Park Assist, ParkEyes, Aasset Security, Flexsposure, Key Processor, Siqura, and VDG) TKH Security has a strong position in North America, Australia, Europe, and multiple offices all over the world. TKH Security is a member of TKH Group NV.

Park Assist Parking Guidance System

FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems

December 22, 2020

 

FAAC acquires TIBA Parking Systems and becomes the leader in the North American market for parking management systems

 

 

An acquisition of 135 million dollars for 60 million dollars in turnover and 130 employees, the largest in the history of the Italian multinational from a financial point of view. With this transaction, FAAC strengthens its position in the parking management systems segment, achieving leadership in the largest market in the world, North America, and placing itself among the top players at a global level.

Bologna – December 22, 2020 – FAAC, an Italian multinational leader in the sector of automation and vehicle and pedestrian access control, announces the signing of a binding agreement through which it will acquire from the Israeli private equity fund TENE Capital, the Afcon group and a series of minority shareholders, all the shares of the TIBA group, a leading international company in the sector of supplying turnkey systems for managing parking sites with revenue collection.

In particular, the TIBA group designs, manufactures, distributes and supports flexible, reliable and cutting-edge solutions for every need for the management of off-street revenue parking. It has its headquarters in Tel Aviv, Israel, where its important research and development center is also based, but produces most of its revenues in the North American market, where it has managed to achieve a leadership position in a few years of activity with over 20% market share. It is expected to close 2020 with over 60 million dollars in turnover, reporting an average annual growth of 30% in the last 5 years. The sales strategy of the TIBA group, based mainly on an indirect model that leverages the collaboration with a proven network of Value Added Resellers, is a perfect complement to the predominantly direct sales model of FAAC in North America, operated through its business unit HUB Parking Technology.

“The acquisition of TIBA – comments FAAC CEO Andrea Marcellan – has a significant value for us, as it allows to intensify investments in a business segment which is in our view strategic as it will enable us to strengthen our position in the largest and most profitable market in the world. This will allow us to rebalance in our portfolio the centrality of the historical business of access automation and mature European markets. Important synergies have already been identified in the short and medium term which are very significant from a commercial, operational and product point of view. ”

“Another large transaction for the group – declared the Chairman Andrea Moschetti – in a very difficult year for the entire business community, however strongly desired as absolutely synergistic with our strategic vision and with the mission we have been assigned, that is to continue to grow with a primary role at a global level in providing cutting-edge solutions for a sustainable mobility, respecting people, the environment and the most rigorous ethical standards.”

The transaction, which will involve a disbursement of 135 million dollars, in addition to the net cash acquired, was financed in part by own means and in part by leverage.

“There could not have been a better time to start using leverage, – points out the CFO Ezechiele Galloni – today’s conditions in the debt market are unprecedented and extraordinarily favorable, and the exchange rate we managed to set for the conversion of the funds in dollars is much more advantageous than initially estimated. Overall, the group continues to stand financially very solid, indeed with the mentioned leverage transaction we improve the capital structure, thus far very unbalanced on the equity side, and the potential for further recourse to debt remains largely untapped. ”

With this acquisition, FAAC adds a further step to its important track record of growth recorded over the years both through organic development and M&A activity (21 acquisitions in the last 10 years – last one, the biggest one as far as acquired sales, not more than 6 months ago), reaching today estimated consolidated revenues of over 620 million Euro and a staff of over 3,400 employees. Founded in 1965 by Giuseppe Manini in Bologna, FAAC is today an international group led by a well-tested and highly motivated management team, operating in 5 continents in 27 countries with over 50 companies and 8 main production sites.

The transaction is subject to the usual closing conditions and the closing of the transaction is expected by mid-January 2021.

About FAAC

FAAC is an Italian multinational at the forefront in providing solutions for the automation and control of pedestrian and vehicular access for residential and industrial applications.
The Group’s business is organized into 3 main divisions: Access Automation, Parking Management and Access Control. Customer orientation, quality, innovation, operating efficiency are the inspiring principles of FAAC’s way of doing business and every day FAAC aims to provide customers and users with cutting-edge solutions to make their life easier and safer. The headquarters is in Zola Predosa, Bologna, but has industrial and sales offices in 5 continents and 27 countries.

About the sellers

TENE Capital is a leading Israeli private equity fund that manages a portfolio of approximately one billion dollars invested in companies with high growth potential and a strong technological and export vocation.
Afcon is active in infrastructure and construction, technology development and implementation, automation control, communications, trade, as well as designing and building systems-intensive construction projects. Afcon is part of Shlomo, a leading Group in Israel which invests in industrial and commercial markets, including vehicles, transportation, shipyards, ports, logistics, real estate, hotels and insurance.

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“Pluck the day”: It is all in a question – ParkNews.biz week of Dec 8th – 14th, 2020

December 14, 2020

 

 

“Pluck the day”: It is all in a question – ParkNews.biz week of Dec 8th – 14th, 2020

 

 

“Always the beautiful answer who asks a more beautiful question” – e.e. cummings

 

How do you “carpe diem”? What does “carpe diem” mean to you? What did Horace mean? Especially this challenging year, have you been asking yourself open ended questions?  Has your team been asking open ended questions? What open ended questions subsequently do you ask?

 

What if every day till the end of this year, one hour a day you only focus on inquiry as those open-ended questions? What if by living in the questions, eventually you will get a solution or idea or wonder or a beautiful answer as e.e. cummings said?

 

The phrase “carpe diem” which originated with Horace in his Odes, 23 B.C., most commonly is translated as “seize the day.”  However, in other translations, the phrase lives as “pluck the day.”  Or be in this moment fully.  Be present.  Be mindful.  Living in a question, asking questions, leads to being engaged. To being aware, awake and living to the fullest in the now.

To new ideas, new products and new services.

 

How did Netflix start? With a question of what if? How did Amazon begin? Possibly with a how? How do we get our parking industry back on her feet? The word pluck as a verb means to take a hold or grab or quickly remove.  However, as a noun, pluck means spirited and determined courage.  In my opinion that is what we need most today: passionate and single-minded courage to move us all forward. To recover, rebuild, to create and to thrive.

 

Subsequently, to “pluck the day” or two and to get our creative and brave engines going, we have moved our PIE 2021 to May 17-19, 2021. JVH and I will be reaching out to some of you to be a part of our seminars as speakers or presenters after the new year.  Nevertheless, this coming year after the most challenging 2020, we are truly looking for the best questions instead of the best answers.  After all, as e.e. cummings said, it all starts with a beautiful question.

 

One of the companies who is living in a question this week on ParkNews.biz, as how and what, is All Traffic Solutions. They ask how are you preparing for increased parking demand in 2021?  They use our Parking Today Media via Brian Bullen to create solutions via their inquiry. Please reach out to brian@parkingtoday.com so he can be off service to you and your company.  How can use your tools to move forward?  How can you spring into the new spring?

 

Because however we translate ancient Latin of Horace, in his words, we will use and we will pluck this adversity to illicit talents in us, that move our industry and all of us forward.  We will Carpe Diem at #PIExpo2021! We are looking forward to seeing you in Schaumburg, IL in 5 months.

 

In the meantime, Merry Christmas and Happy New Year. Blessings to all of you.

 

Sincerely,

 

Astrid Ambroziak

Editor, ParkNews.biz

Creative Director PT

Parking Today

310 390 5277 ext 9

astrid@parkingtoday.com

www.parkingtoday.com

 

PIE 2021
Renaissance Schaumburg Convention

Center & Hotel – Schaumburg, IL
May 17-19, 2021

 

 

Complete Coach Works Wins Award to Rehab Four Buses for Santa Cruz Metro

February 04, 2020

 

 

 

 

Complete Coach Works Wins Award to Rehab Four Buses for Santa Cruz Metro

 

 

 

RIVERSIDE, CA – Complete Coach Works (CCW) announced today it has been awarded a contract by Santa Cruz Metropolitan Transit District (Santa Cruz) to rehab four New Flyer buses.

 

 

The rehabilitations are designed to enrich the passenger experience by delivering customers comfort and safety. The project will give new life to the buses for about half the cost of a new vehicle. The rehab process incudes the repair of structural, mechanical, and cosmetic issues of the buses. Aaron Timlick, Regional Sales Manager, states, “The buses will provide the agency reliability and maintain its bus fleet in a state of good repair.”

 

The work includes repowering the buses with Cummins ISL-G Recon engines, as well as installing rebuilt Allison transmissions. Additional work includes new driver seats, internal/external LED lighting, and new floors. The buses will then be repainted and decaled to reflect Santa Cruz’s branding.

 

Complete Coach Works is proud to partner with Santa Cruz on this project. Aaron adds, “This project will increase service to Santa Cruz’s customers and provide operational savings while being kind to the environment.” CCW looks forward to the success of this project and is confident the outcome will prove gratifying.

 

 

Complete Coach Works (CCW) is the largest U.S. bus remanufacturing and rehabilitation company, and the leading provider of a vast array of transportation solutions with over 30 years of dedicated service in the transportation industry. CCW is a pioneer in the business and strives to continually provide cleaner air through innovative design and engineering, resulting in the world’s first and only remanufactured all-electric battery powered bus. Regardless of how small or large the job, CCW provides an exceptionally experienced team of over 350 experts committed to customer service and satisfaction.

 

Santa Cruz Metropolitan Transit District (Santa Cruz) was established in 1968. Santa Cruz provides fixed route and Highway 17 commuter service throughout Santa Cruz County, with limited service connecting to Monterey Salinas Transit at its Watsonville Transit Center and Santa Clara County, transporting more than 5 million passenger trips a year. Santa Cruz also operates Paracruz paratransit service to Santa Cruz County service, providing about 72,000 trips per year. Santa Cruz’s operating budget in FY19 was $52 million and was funded through a

combination of farebox revenues, sales tax and state and federal sources. Today it operates a fleet of 98 buses on 26 fixed routes. For more information, visit www.scmtd.com.

 

 

For more information, please contact Brad Carson at (800) 287-7253 or e-mail bradley@completecoach.com

PHOENIX MOTORCARS SURPASSES SIGNIFICANT MILESTONE OF 2 MILLION ELECTRIC MILES ON THE ROAD

December 16, 2019

 

 

 

PHOENIX MOTORCARS SURPASSES SIGNIFICANT MILESTONE

OF 2 MILLION ELECTRIC MILES ON THE ROAD

 

 

 

 

Phoenix Motorcars, a leader in developing electric drivetrains for class 4 commercial vehicles including shuttle buses, flat-bed trucks and work trucks, recently announced that it has surpassed 2 million electric miles on the road. The company currently has 74 electric vehicles on the road all over California, Texas and overseas. To date, all Phoenix Motorcars vehicles on the road have saved over 6.6 million pounds of CO2 emissions.

 

 

 

This milestone comes at the heels of a very successful year with a closing of over 80 orders. Phoenix Motorcars electric vehicles not only emit ZERO emissions but also reduce maintenance and operating costs. A single Phoenix Motorcars vehicle reduces atmospheric emissions by 61 tons annually, has 5 times the efficiency of an equivalent gas engine and fuel savings of 82% over gas and 76% over clean natural gas vehicles.

 

Customers range from airports, campuses, utility companies and municipalities to name a few and all have been nothing short of content with Phoenix Motorcars’ electric vehicles. Wally Park, an airport parking service company that currently operates in 14 major U.S. airports has been a customer of Phoenix Motorcars for over 3 years. “Working with Phoenix Motorcars has been a pleasure these past several years. Wally Park is proud to be early adopters of electric airport shuttles.”, said Ed Pomponio, Vice President of Transportation, L & R Group of Companies.“Phoenix’s support in deploying and servicing the largest zero emission airport shuttle fleet has been outstanding. We are proud to have contributed to this exciting milestone, so here’s to 2 million more!”, he continued.

 

With a growing backlog of orders, Phoenix is poised to grow significantly in 2020. “2019 was a successful – record breaking year for us. We are ramping up production, scheduled to grow revenue by over three times and plan to achieve new heights the Phoenix Motorcars way. Exciting things are yet to come!”, said Gillray Cadet, CFO of Phoenix Motorcars.

 

 

Phoenix Motorcars, founded in 2003, is a leader in developing medium and heavy duty electric vehicles for the commercial markets with a primary focus on class 4 vehicles. Phoenix Motorcars strives to provide fleets with clean transportation and renewable energy through advanced technology solutions and remains committed to excellence in electric vehicle innovation. For more information, please visit www.phoenixmotorcars.com

 

SP Plus Corporation Agrees to Acquire Bags

October 17, 2018

SP Plus Corporation Agrees to Acquire Bags

—$275 Million Purchase Price for Leading Provider of Baggage Services to Airline, Airport, Hospitality and other Industries—

—Conference Call Scheduled for Wednesday, October 17, 2018 at 8:00 am CT—

CHICAGO, Oct. 17, 2018  — SP Plus Corporation (NASDAQ: SP) (“SP+”, “SP Plus” or “the Company”), a leading national provider of parking, ground transportation, and related services to commercial, institutional and municipal clients throughout North America, today announced that it has entered into a definitive purchase agreement to acquire Baggage Airline Guest Services, Inc. and Home Serv Delivery, LLC, their subsidiaries and affiliates (collectively, “Bags”), for an all cash purchase price of $275 million. Bags is a leading provider of baggage delivery, remote airline check in, and other related services, primarily to airline, airport and hospitality clients.

Bags combines exceptional customer service with innovative technologies to provide remote baggage handling and related services. Based in Orlando, FL, Bags operates in over 250 cities with approximately 3,000 full time employees. Its clients include major airlines, airports, and leading hotels and resorts. Bags handles more than 5 million checked bags annually. Bags generated approximately $145 million in revenues in 2017.

G Marc Baumann, SP Plus’s President and Chief Executive Officer, stated, “We are very excited to enter into this purchase agreement to acquire Bags, a growing and profitable company that provides high-quality services with innovative technologies in service lines that complement our business. This acquisition will diversify the Company’s service offerings and client base while providing distinct cross-selling and growth opportunities.”

Mr. Baumann added, “The acquisition of Bags is a compelling opportunity to drive shareholder value through growth in the two companies’ complementary lines of business. We look forward to offering Bags’ services to our existing client base at airports, hospitality, and other venues, and at the same time believe many of our SP+ services will likewise appeal to Bags’ clients.  We’re confident the combined performance of these two strong companies will position us well to drive top line growth and generate strong shareholder returns.”

Craig Mateer, Chief Executive Officer of Bags, stated, “We believe this transaction presents the ideal opportunity for the continued growth of our company. The SP+ team understands our business, and has the experience and resources to help make Bags more valuable to our clients. We look forward to continuing to deliver outstanding service and innovative, technology-driven solutions to our clients.”

The Company plans to finance the transaction with an expanded senior credit facility, which the Company is in the process of finalizing.

The transaction, which remains subject to consummation of financing, antitrust clearance and other closing conditions, is expected to close by the end of November 2018 and, excluding transaction costs, is not expected to materially impact SP+’s fiscal 2018 results. We expect the acquisition will be accretive to cash flow in the first year post closing.

Until the closing of the transaction, SP Plus and Bags will continue to operate as independent companies, and will remain committed to providing superior service to create value for their clients and customers.

Investor Conference Call

SP+ will host a conference call and webcast for analysts and investors today at 8:00 a.m. Central Time to discuss the transaction. To listen to the live call and review supporting slides, please log on to the Company’s Investor Relations page at http://ir.spplus.com, or dial the appropriate number below. For those who cannot listen to the live broadcast, a replay will be available shortly after the call on the SP+ website and can be accessed for 30 days after the call.

US/CANADA Participant Toll-Free Dial-In Number: (877) 835-5861
US/CANADA Participant International Dial-In Number: (973) 638-3335
Conference ID: 1288045

Morgan Stanley & Co. LLC acted as exclusive financial advisor and Katten Muchin Rosenman LLP acted as legal advisor to SP+. GrayRobinson, P.A. acted as legal advisor to Bags.

Media Contact:

ICR/Phil Denning
(646) 277 – 1258
Phil.Denning@icrinc.com

Investor Contact:

ICR/Rachel Schacter
(646) 277-1243
rachel.schacter@icrinc.com

About SP+

SP+ provides professional parking management, ground transportation, facility maintenance, security, and event logistics services to property owners and managers in all markets of the real estate industry. The Company has more than 20,000 employees and operates approximately 3,500 facilities with 2.0 million parking spaces in hundreds of cities across North America, including parking-related and shuttle bus operations serving approximately 70 airports. SP+ is one of the leading valet operators in the nation with more four and five diamond luxury properties, including hotels and resorts, than any other valet competitor. The Company’s ground transportation division transports approximately 37 million passengers each year; its facility maintenance division operates in dozens of U.S. cities; and it provides a wide range of event logistics services. For more information, visit www.spplus.com.

You should not construe the information on that website to be a part of this release. SP Plus Corporation’s annual reports filed on Form 10-K, its quarterly reports on Form 10-Q, and its current reports on Form 8-K are available on the Internet at www.sec.gov and can also be accessed through the Investor Relations section of the SP+ website.

About Bags

For more than 25 years, Bags has been on a mission to Make Travel Easier. From convenient luggage delivery and remote airline check-in to innovative guest services for the travel and hospitality industries, Bags combines unique offerings with unparalleled customer service to make travel less of a hassle for individuals and companies alike. With operations in more than 250 cities in the U.S. and Canada, Bags handles over five million checked bags and greets millions of guests each year. Bags proudly provides services for all major airlines, cruise lines, sea ports, renowned resorts & hotel chains, convention centers and airports across the country. See how Bags simplifies travel at www.bagsinc.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expected tax and other anticipated benefits of the proposed acquisition by SP Plus of Bags, the expected timing of completion of the acquisition and other expectations, beliefs, plans, intentions and strategies of SP Plus. SP Plus has tried to identify these statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project” and “will” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. These forward-looking statements are made based on management’s expectations and beliefs concerning future events and are subject to uncertainties and factors relating to operations and the business environment, all of which are difficult to predict and many of which are beyond management’s control. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors. The risks relating to the proposed acquisition include the risk that the proposed acquisition is not completed on a timely basis or at all; the risk that the tax and other benefits that SP Plus anticipates as a result of the transaction are not fully realized or take longer to realize than expected; the risk that certain risks and liabilities associated with Bags have not been discovered; the risk that antitrust clearance or any necessary third-party consents may not be obtained, that the financing may not be consummated or that other conditions to the closing of the acquisition may not be satisfied; the effects of litigation that may be filed in connection with the transaction; the effect of the acquisition on SP Plus’ and Bags’ relationships with their respective clients, customers, vendors and personnel; and adverse effects on the market price of SP Plus’ common stock and on SP Plus’ operating results because of a failure to complete the transaction. The risks relating to the businesses of SP Plus and Bags generally include intense competition; changing consumer preferences that may lead to a decline in demand for the services provided by SP Plus and Bags; the ability to preserve long-term client relationships; the loss, or renewal on less favorable terms, of management contracts, leases or other contracts with clients or customers; and deterioration of general economic and business conditions or changes in demographic trends.  For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

Passport upgrades mobility platform with $5M investment: Company invests in mobility platform to help cities manage parking, scooters and rideshare services

September 18, 2018

 

 

 

Company invests in mobility platform to help cities manage parking, scooters and rideshare services

 

 

 

Passport upgrades mobility platform with $5M investment

 

 

 

Charlotte, N.C. (September 18, 2018) — New modes of shared transportation, from ridesharing to dockless scooters, hold promise for improving how citizens move around their cities, but cities across North America need new tools and systems to effectively manage these emergent modes of transportation. Passport, the global leader in mobility solutions, has set out to partner with municipalities to create a bridge between city infrastructure, like curb space, and private sector mobility companies that interact with people using that space. The company is announcing today a $5M investment to expand the Passport Platform, which helps connect multiple modes of transportation and payments, and provides a way for cities to understand, manage, and collaborate with an increasingly complex ecosystem of mobility services.

 

“We have heard from hundreds of cities across the world – our own clients and prospective clients – and they told us they continue to struggle to manage their curbside assets and create an environment that can handle, and even encourage, new modes of transportation,” said Bob Youakim, Passport CEO. “That’s why we developed the Passport Platform, which helps municipalities connect their mobility data, extract insights about the utilization of public space, and provide an interface to make and communicate operational changes in real time across each connected system. This can dramatically improve a city’s ability to accommodate the rapid pace of on-street innovation and makes it simpler and more predictable to deploy new technologies to improve urban mobility. It also enables them to better serve the people in their communities.”

 

With over 50 existing integrations into some of the largest mobility technologies, Passport has deep experience bringing it all together. With this new investment, the company is looking to bolster its platform and enable cities to connect additional services, such as rideshare, dockless scooter and bike services, as well as any other new technologies that are introduced in the future such as autonomous vehicles.

 

“Municipalities need to build solutions that anticipate the future and new technologies that might be introduced tomorrow,” explained Stephen Goldsmith, Director of the Data Smart City Solutions Project at Harvard’s Kennedy School of Government, and former Deputy Mayor of New York and Mayor of Indianapolis. “City officials will be continuously challenged to manage the issues that new services, such as Bird and Uber, bring to their cities. As companies introduce these technologies often without a formalized partnership with the city or path to compliant entry, they create pressure on cities to adapt to the demands of the market. Cities need their own dynamic platform in order to respond to these new services which will help officials assemble information, seamlessly integrate new technology quickly, and manage everything in real time on their own terms.”

 

For example, one of the biggest challenges that cities currently face is how they can manage the sudden influx of dockless scooters and bikes. While citizens tend to adopt them as an easy way to get around cities, these micro-mobility services cause unforeseen issues as they vie for valuable sidewalk and curbside space. Without the ability to provide a scalable path to compliant entry into their cities, city leaders are stuck in the middle trying to reactively manage it all. Most of these cities, including San Francisco, Portland, and Oklahoma City, have been forced, for the sake of speed and simplicity, to implement permit regulations for these modes, which don’t allow the cities to incentivize the appropriate use of public space or optimize for congestion relief or bad air days in real time. However, these medallion-like programs are proving to not be the most effective way to regulate these services, and leaders are already calling for more of a parking-focused solution instead.

 

“Like other forms of transportation, one of the best-proven ways to manage micro-mobility services will be the implementation of parking-like rules and policies like cities use for on-street parking. Paid parking systems are well-understood, effective, proportional, and flexible,” explained Youakim. “At Passport, we have deep expertise, having already helped over 450 clients manage business rules, collect payment, and ensure compliance through our platform. The same framework makes it easier for cities and mobility providers to work together to come up with mutually beneficial, usage-based pricing that balances the need for innovation with the need for consistency.”

 

By enabling a more flexible way to extract data-driven insights from multiple systems, and then allowing the cities to act upon them in real time, the Passport Platform is the first in the industry to give the municipal leaders the power to effectively manage their cities from one platform. Passport is already working with five out of the top 50 fastest growing cities in the US by creating pilot programs to enable them to be more effective with the way they manage mobility. In the past three months, the company has doubled its engineering resources and it has hired product, engineeringand M&Aleaders to ensure the success of this program.

 

About Passport
Passport transforms the way cities manage their operations. The company’s mobile-first platform has been adopted by more than 450 cities, universities, and private operators around the world in cities including Chicago, Toronto, London, and Miami, across more than 5,000 locations. Passport’s product lines —– parking, transit and tolling payments, parking enforcement, and permit management —– enable organizations in the public and private sectors to streamline their operations, enhance customer service, and make data-driven decisions. Passport has been recognized as one of North America’s fastest growing companies on the Inc. 5000 list and a Best Places to Work in Charlotte, North Carolina.

 

Passport is backed by a group of investors, including Bain Capital Ventures, Grotech Ventures, MK Capital and Relevance Capital. Learn more, or get in touch with Passport at passportinc.com.

MeterFeeder™ Lands Its First Major Operator Partner

January 03, 2018

 

 

 

MeterFeeder™ Lands Its First Major Operator Partner

 

 

Pittsburgh (PA) – Accomplishing one of its most important strategic goals, Braddock-based parking payments technology company MeterFeeder has signed its first major operator partnership, launching a private-labeled version of the MeterFeeder™ app for Target Park U.S. Inc.

 

 

Being a parking operator, Target Park influences a huge amount of the market thanks to their efficient  management of large parking facilities across the US and Canada. As a parking operator, Target Park acts as property managers for parking lots, garages, cities, and municipalities, both large and small. Their goal is efficiency, customer experience, and profits for each property’s owner. This is why the partnership with MeterFeeder is so important.

 

In particular, Target Park manages over 225 parking locations in North America, and what sets them apart are their “out of the box” proposals favoring the client, the use of their own advanced Automatic License Plate Recognition (ALPR) technology, and their superior customer service. MeterFeeder’s partnership with Target Park U.S. Inc. allows Target Park to leverage seamless payment and enforcement through MeterFeeder’s scalable, cloud-based parking app and enforcement tools, and the ability to rapidly rollout cutting-edge technology across its rapidly expanding customer base.

 

The new TP Mobile app brings Target Park U.S. Inc. customers an easy way to pay parking fees, tickets, and violations, plus it offers the feature of adding extra time to a meter, all from the same app on their smartphone. “We are extremely excited about our partnership with MeterFeeder. The TP Mobile app is going to give us an additional option we can now provide to our customers making customer convenience that much better,” says Chet Wilkolaski, Executive Vice President of the U.S. market.

 

This new partnership means that MeterFeeder software is now ready to support all of the locations that

Target Park U.S. Inc manages. The first location to go live was T. F. Green Airport in Warwick, Rhode Island, with other locations to follow. MeterFeeder CEO Jim Gibbs commented, “It’s an honor to work with Target Park.We are excited to kickoff 2018 by announcing this partnership, and it is the first of many major milestones we have planned for the new year.”

 

TP Mobile, powered by MeterFeeder, is available today to download for iPhone and Android.