Smart Parking Limited (SPZ.AX)
Smart Parking Limited operates in the Software - Application industry of the Technology sector, headquartered in Port Melbourne, VIC, AU. The stock last traded at $0.70, up 0.00% on the session, giving a market capitalisation of $290.6M. Its beta of 0.42 implies it has historically moved less than the broad market.
Founded in 2006 and based in Port Melbourne, Australia, Smart Parking Limited (known as Car Parking Technologies Limited until July 2013) is a specialist in the design, development, and management of advanced parking technology. Its operations span New Zealand, Australia, Germany, and the United Kingdom, organized into Parking Management, Technology, and Research and Development divisions. The company provides smart city and Internet of Things (IoT) hardware and software to deliver innovative parking solutions. Key offerings include the SmartCloud platform, a web-based service for gathering and processing parking data; Service Packs; and Compliance Management Systems. For motorists, the Smart Parking Mobile App offers convenient access to parking availability, tariffs, conditions, and contactless payment options. Smart Parking also deploys digital guidance signage, providing real-time space occupancy and navigational assistance, alongside Vehicle Detection Sensors that monitor bays and transmit live status updates to SmartCloud, complemented by overhead indicators. Enhancing connectivity, the SmartSpot Gateway acts as an IoT hub, allowing various devices to communicate and extending network coverage. Further services encompass automatic number plate recognition (ANPR) camera systems, Pay & Walk machines for payment and vehicle validation, and mobile patrols. Their comprehensive parking management solutions serve a diverse client base, including local councils, commercial parking operators, retail centers, supermarkets, airports, hospitals, and educational institutions.
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