Rekor Systems signs five-year licensing agreement with ParkSmart
Rekor Systems announced it has signed a five-year licensing agreement with ParkSmart for its iP360 Parking Ticket & Permit Management Software Suite. ParkSmart, a subsidiary of Coinamatic Canada, will first deploy the iP360 system within the City of Ottawa, enabling the city to manage and track parking tickets throughout the ticket lifecycle. Built using cutting edge Microsoft technology, iP360 creates processes for registered owner information management, adjudication management, payment integration, letter creation and reporting. It also comes with a permit management module and can be integrated within a city's handheld enforcement devices. The combination of Rekor's vehicle recognition systems with its iP360 platform creates a parking management solution. The system, powered by OpenALPR's AI-based software, allows additional capabilities such as gate access and fixed and portable camera monitoring using whitelist features. Data captured by the system can be used to create strategies to optimize parking management and enforcement, with more oversight of residential, employee and visitor parking. The powerful, dynamic platform can be used where any type of approved permits are valid. Customers have several permit management options including applying for a new permit for property including office building garages/lots, municipal garages/lots, convention centers, hotels, or multi-purpose developments.