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New Parkeon Pay & Display terminal to be launched at Parkex 2005

Source: http://www.parkeon.com

Strada™ Rapide speeds up and simplifies cash collections and provides unparalleled security

Pay & Display

UK Head Office, March 8 2005 – Parkeon, the world’s leading provider of parking space management solutions, will be introducing an additional version of its Strada Pay & Display (P&D) parking terminal on Stand No. P43 at Parkex 2005.

Known as the Strada Rapide, it features an ergonomically-designed transferable cash box to make the coin collection procedures as fast and uncomplicated as possible.

Power consumption management has been optimised on the solar-powered Strada Rapide to increase further its daily ticket-issuing capability, making this environmentally-friendly varient a viable proposition in more heavily-used parking facilities.

Unparalleled security is also a feature with special materials incorporated to further enhance resistance against attacks. A highly secure electronic locking mechanism is fully-shielded inside the vault.

Two new semi-metallic finishes are being introduced with the new terminal: Trinity Green and Titanium Grey.

Parkeon will also be demonstrating Parkfolio™.Neo, its PC-based centralised management service for P&D systems. The latest version enables operators to review comprehensive, real-time data on parking revenues via a password-protected web site, with the option to print copies or save reports to disk.

Pay-on-Foot

Parkeon will be demonstrating a video-based Licence Plate Recognition (LPR) system integrated with its Varioflex™ barrier-controlled, pay-on-foot system for off-street parking facilities. Linked to the Company’s car park entry/exit terminals and automatic pay stations, the LPR facility automatically raises barriers for season ticket holders and other drivers who have pre-paid their parking, e.g. at airports. These speed-ups the entry/exit processes, saving drivers time and reducing queuing at car park barriers.

About Parkeon (website: www.parkeon.com)

Parkeon was formerly Schlumberger e-City, the Parking and Ticketing Systems division of Schlumberger. The Company was at the forefront of the development of Pay & Display terminals in the 1970s and has 30 years of proven innovation and expertise in the parking business.

Today, Parkeon is a leader in parking systems and equipment. The Company employs over 800 people worldwide and generated revenues of €122 million in 2003.

With an installed base in excess of 130,000 machines, its parking terminals are a familiar sight in 3,000 cities across 40 countries and its Pay & Display systems control over 3 million parking spaces around the world. Over the last 15 years, Parkeon has developed an installed base of 3,000 ticket vending machines for heavy and light rail, underground and multimodal transport operators in Europe, notably Belgium, Denmark, France, Sweden, Switzerland and the UK.

Thanks to world-class engineers and substantial investments over the last three years, Parkeon has built undeniable technological leadership in its field. Parkeon provides complete parking and fare collection solutions, equipment and services to municipalities, car park and mass transit operators.

Parkfolio, Strada and Varioflex are trademarks of Parkeon.

Parkeon Limited, Membrain House, Ferndown Industrial Estate, Wimborne, Dorset BH21 7PP, U.K.

Tel: 01202 850927
Fax: 01202 850903
Web: www.parkeon.com

Press Contact:
Terry Walsby
Terry Walsby Media Relations
Tel: 01628 639378
Fax: 01628 777605
E-mail: terry.walsby@btconnect.com

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