Date Announced: 13 Nov 2013 SMART PARKING MANAGEMENT: THE NEW PILLAR OF PARADOX ENGINEERING’S OFFERING FOR SMART CITIESImproving livability, sustainability and economy for Cities by managing traffic and reducing congestion and CO2Novazzano - Boosting forward its innovative technologies for Smart Cities, Paradox Engineering launches PE.AMI Parking Management solution, the new off the shelf vertical application for managing parking lots in a smarter and more efficient way. PE.AMI Parking Management allows municipalities to remotely control parking lots and offers citizens a full range of data related to available parking in a specific area, the duration of each parking and by when it will be free, with great benefits in terms of time, fuel and stress saving.With PE.AMI Parking Management, Paradox Engineering goes once again a step ahead of the market and builds on the award-winning PE.AMI technology to offer a full range of Smart City applications, from advanced meter reading to lighting management, from solid waste to electric water management, and many more. Now in its industrialization phase, the new parking management solution is available for pilot projects, proof of concepts and field tests, and will be fully available from Spring 2014.Parking management is a real hot topic in most cities and urban areas around the world, since deeply related to traffic congestion, atmospheric pollution and overall quality of city life. Independent studies show that about 30% of road congestion is due to parking search, which on average requires 15 to 20 minutes, increasing driving time by up to 40%, kilometers travelled by up to 20% and CO2 emissions by up to 10% for each car. In France alone, for example, every year 70 million hours are spent while looking for parking – clearly a major cause of drivers’ frustration. Road congestion costs Europe 1% of GDP every year and has a highly negative impact on shops and other businesses, with an estimated negative impact on business of over 700 million Euro: it has been calculated that 50% of people who can’t find a free parking lot in a few minutes leave the area and refrain from shopping.Sound parking management therefore is a powerful mean to help achieve environmental goals and improve neighborhood livability, but also represents a lever for Cities to economic vitality.PE.AMI Parking Management solution includes hardware (nodes and gateways) and software (Central Management Suite) to build a wireless full mesh self-configuring and self-healing network to collect, store and bi-directionally deliver advanced information about parking lots, specifically the presence of a car, the duration of the parking and its payment. Real time information about parking will be available to drivers before and during their trips via variable message signs, static way finding signs, web, smartphone applications, and text messages (SMS). This will enable people to make more informed travel choices and, if driving, find a parking space faster. Moreover the systematic collection of information on how the parking resources are used over time will allow cities to develop predictive models whose applications are the key for planning and therefore to support livability and sustainability for cities.Making parking search easier and quicker, Paradox Engineering’s solution allows people to save time and fuel, therefore contributing to reducing traffic congestion and increasing life quality in our cities. Additionally, it will allow shops and businesses to implement advanced services such as parking reservation, parking coupons, and real-time and future parking space availability to customers, thus positively affecting sales opportunities and revenues over time.“PE.AMI Parking Management represents a further step for Cities seeking to be Smart, enabling municipalities to transform parking areas into revenue opportunities and improve Citizen’s satisfaction”, explains Gianni Minetti, CEO, Paradox Engineering. “This new vertical features the distinguishing PE.AMI’s open standard technologies and full interoperability, so it is implemented or integrated into the infrastructures delivered by PE.AMI such as light management, metering, waste and load management – therefore preserving past investments – with the opportunity to be extended to other applications over time, along with Cities’ evolving needs in a totally future-proof perspective. Moreover, this additional service supports Paradox Engineering’s vision in enabling Internet of Things, where infrastructure of today will be used to connect the objects of tomorrow”.About PE.AMIPE.AMI is a natively multipurpose IPv6/6LoWPAN full mesh wireless network platform, ready for the Internet of Things, specifically conceived and designed to support multiple Smart City applications managing and controlling urban services such as lighting management, advanced meter reading, traffic signal management, solid waste management and now parking management to be deployed at once or when required to support Cities’ needs today and in the future. Offering superior scalability and flexibility, PE.AMI is based on open standards and grants full interoperability and independence of any proprietary protocol and technology. It is also fully agnostic to the application, therefore ensuring a future proof choice to Cities and no kind of lock in.Allowing the systematic collection of information on how parking and other resources and services (energy, water, gas, public lighting, waste, traffic …) are used over time allows cities to move away from reactive management paradigms to proactive models allowing to plan ahead and with more precision. PE.AMI is equipped with advanced diagnostic tools and auto-provisioning functions that fully enable fitness-for-use through easy installation and easy maintenance. The design of PE.AMI Nodes provides a self-built widespread IP based network and a highly secure communication infrastructure. PE.AMI Parking Management Nodes are easy to be deployed and maintained, will allow both a surface and embedded utilization, feature long lasting batteries (up to 10 years battery life) and guarantee environmental resistance. About Paradox Engineering SAParadox Engineering SA is a technology company that designs and markets solutions and services to unlock the value of data for industrial remote and condition monitoring, Smart Grid/Smart City, M2M, HUMS and HAN projects in the Internet of Things era. The unique competences in radio design, network design and management, low power consumption and energy harvesting, and data collection are at the heart of Paradox Engineering’s DNA. The Company conceives and provides open standard urban and industrial wireless sensor network solutions, global virtual networks and OEM versions of its core network technologies, to companies and developers.Established in 2005 and headquartered in Switzerland, Paradox Engineering acts on a truly global scale, with business and projects spanning over five continents and with a consolidated network of global strategic partners.For more information, please visit www.pdxeng.ch and www.pe-stone.ch
Contact
Julia Arneri Borghese, marketing & communication, Paradox Engineering +41-91-233-0100
E-mail:[email protected]
Web Site:www.pdxeng.ch
