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Showing posts from June, 2014

june 5, 2014 oti Lands Five-Year Arlington County Cashless Parking Contract

EasyPark from oti will help county better manage more than 5,000 parking spaces; allows drivers to skip meters and pay only for the time they are actually parked ARLINGTON, VA, ROSH PINA, ISRAEL – June 5, 2014 – On Track Innovations Ltd.(oti) (NASDAQ:OTIV), announced today it has signed a five-year contract to help manage more than 5,000 on-street parking spaces in Arlington County, Virginia. Arlington County was one of the first areas in the US to adopt cashless parking solutions. oti’s EasyPark in-vehicle parking device will replace the county’s existing iPark system. “The Arlington County Treasurer’s office looks forward to working with oti to provide the motorists of Northern Virginia with a convenient, low-cost on-street parking solution that will meet their needs now and in the future,” said Arlington County Treasurer Frank O’Leary. The agreement includes general and financial management services, parking fees collection, and customer support services. “It’s an exciting time for …

Monetize your parking assets - PPP projects

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With the growing number of cars entering crowded city centers, parking management becomes a critical issue. Parking management is essential for the effective control  of the city's limited p arking resources. Needless to say parking fees can also become a major source of funds for improving traffic and parking infrastructure and providing better service for the community. Charging for parking therefore increases parking availability, improves the infrastructure and generate fund for the common good . Charging for parking can be also socially justifiable as parking fees are paid by car owners who can usually support the expense and in fact ought to carry the cost of using and maintaining public property ( "on street" parking spaces ) In order for a parking management program to become successful it has to meet some very strict criteria Fairness - Drivers and residents should feel that the system in place serves their best interests and not used as just a tools for collecti…

oti Opens Albanian Parking Market with PARX’s EasyPark System

ROSH PINA, ISRAEL – May 29, 2014 – PARX Ltd., a subsidiary of On Track Innovations Ltd. (NASDAQ:OTIV), announced today it has signed a 20-year contract to help manage the parking operations for Elbasan, a city in central Albania. PARX will work with its Albanian partner, TIS Ltd., on the project, which is that nation’s first paid parking solution. The agreement includes general and financial management services, parking fees collection, enforcement, an advanced permit system and customer support. At its inception, the contract includes approximately 4,000 managed parking spaces, a number that is expected to increase during the term of the project. “Our work in Albania is part of our continuing strategy of entering long-term public/private partnership contracts for municipal parking management,” said Ofer Tziperman, CEO of both oti and PARX. “PARX’s unique parking technology, EasyPark™, allows us to provide municipalities with an unequal value proposition in a market which we expect to…