Parkimon is a Greenmark Innovation Project

Our Innovation (www.parkimon.com)

“Parkimon’s satellite based road pricing, parking, and speed enforcement solutions can replace current capital-intensive technologies like meters, gantries, speed cameras, and toll booths. Our technology also provides a massive opportunity to reduce congestion in cities and freeways while serving to save lives and influence safer and more eco-friendly driving habits.”

Meter-less Parking

Automatic Payments and collection for parking can now be based on time and place. A municipality can map any area and turn it into a paid parking spot (on-street or off-street) without the need for physical meters and gates. The system provides for pragmatic and dynamic pricing based on events, demand and time of the day. Those areas or zones currently unmetered that the owner would, otherwise, want to meter, can now be monetized with the flip of a switch at no cost!

Wide Area Electronic Road Pricing & Traffic Management

Turn any zone or road into a toll road without the need for gantries or toll booths. Our GPS based Digital Road Pricing System can be used in managing road congestion by charging motorists a premium if or when using highly trafficked roads, bridges or freeways during peak hours. Such pricing will encourage motorists to change their mode of transport, travel route, and/or time of travel, reducing congestion.

Congestion & Dynamic Pricing

Balance the supply and demand for on and off-street parking and simultaneously ease congestion. During special events, rush hours, weekend nights or other instances when demand is high, parking operators and municipalities can increase rates dynamically to help control the occupancy of their inventory. Similarly, operators can decrease rates when parking demand is low giving the customer an opportunity to park at a rate less than they would otherwise. Volume, during those periods will increase and thus, likely increase revenues for the operator.

“Virtual Speed Radars /Cameras”

Our real-time speed monitoring of registered vehicles enables automatic enforcement and ticketing of speeding vehicles and rash/erratic driving without the need for installing speed radars or cameras. This system can be implemented on any road or highway. Benefits include cost savings in equipment, increase in revenue, and most importantly, a reduction in speed related fatalities.

Precise Location Accuracy

Billing based on time, distance, location and speed requires extreme accuracy. Dense urban canyons created by tall buildings in downtown areas impair satellite navigation signals, however, Parkimon’s patent-pending algorithms and solutions are able to filter out the noise and make use of multi-constellation GNSS with Navstar GPS, Glonass, Beidou and Galileo for superior and precise location accuracy.

Parking Enforcement

Patent pending technology allows enforcers to tag many cars in a single instance for field-viewing of active or expired parking sessions. No more need for parking enforcement officers to tire chalk, car-by-car . Instead, a continuous LPR system is utilized to increase officers’ efficiency and productivity (for existing non-GPS based systems).

Data Analytics

Incorporating a variety of real-time streaming analytics and statistical techniques from predictive modelling, machine learning (Artificial Intelligence) and data mining that analyze current and historical facts about traffic, parking occupancy, revenue, and enforcement, our platform provides reports and detailed information that help urban planners make better decisions and gain actionable insights effortlessly.

Parkimon is a Greenmark Innovation Project