Within just a few short months of its installation in the garage at Philadelphia's Liberty Place, the Park Assist M3 Camera System's impact has been felt throughout the operation. Parkway Corporation's President Rob Zuritsky notes in Region's Business journal that business is on the upswing, and the M3 System has been used to catch the perpetrators of a string of smash-and-grab robberies.
The combination of power and simplicity of the Find Your Car system is one of Zuritsky's favorites. “Literally, you can use it with an app on your phone, or go to a kiosk in the garage and plug in a license plate to find your car. It’s almost instantaneous — the system’s very clever.”
Read the full article at Region's Business.
Read the press release "Parkway Corporation Unveils Park Assist Technology at Liberty Place Parking Garage"
About Park Assist
Park Assist develops sensing solutions for parking, and is a global leader in enhanced parking guidance systems.
The Park Assist M3 System is the first and only system to use cameras and image processing software to monitor every space in a car park. Using license plate recognition algorithms, the M3 System is able to provide complex rules management, provide new revenue opportunities, and enhance revenue control. Drivers spend up to 50% less time searching for parking, and the enhanced utilization rates can lead to reductions in the number of spaces required for new construction. The unique "Find My Car" feature, a virtual parking valet, taps into the data derived from the sensor network to help drivers find their car.
With a broad range of benefits and patent-pending technology, it's no wonder that the M3 system has been adopted by retail shopping, airports, casinos, and hospitals across four continents. Park Assist technology monitors over 75,000 spaces for multinational clients such as Westfield, Lend Lease, and Tesco.
The M3 Park Assist System has been proven to cut the customer's time-to-park in half and result in a 3-5% increase in visits. Other key findings include:
- 5% increase in facilities attendance and positive PR
- 8% increase in utilization during peak times
- 3% increase in parking space capacity
- 56% reduction in vehicle carbon emissions
- 1-3% decrease in operating costs