Parquery wins Blackforest company as partner

ETH Zurich spinoff Parquery offering smart parking solutions that automatically identify in real-time available parking spots, has joined forces with a black forest based company Hectronic to develop a smart parking-space detection solution. Hectronic is both a commercial partner as well as a strategic investor in Parquery.

Parquery designed a cloud-based solution to allow parking managers and technology integrators to increase revenues and optimise enforcement. With Parquery’s platform, clients can analyse live images of parked cars via a cloud server and provides parking occupancy information in real time. Smart mobility solutions are also used, such as the cost-efficient real-time analysis of traffic flow in towns and cities.

It is these approaches and solutions that have also attracted Hectronic’s interest.  
“As an experienced specialist in the parking sector, we’re delighted to collaborate with Parquery as an investor and on the joint development of exciting products. Having Parquery by our side will enable us to expand our product portfolio to include, in particular, solutions for streamlining and simplifying our customers’ parking facility management. Customers’ are imposing ever-more, rapidly changing needs and expectations on modern parking facility management. Says Stefan Forster, Managing Director of Hectronic GmbH.

 "To keep pace with these developments, it’s imperative that we collaborate with competent partners and other providers. We believe that Parquery is the perfect partner here, and we love working with young, innovative minds," he adds.

About Hectronic GmbH
Hectronic is based in Bonndorf in the Black Forest, Germany. The company specializes in developing intelligent system solutions for the parking and refuelling sector. Since the foundation of the original company Kienzle, in 1928, Hectronic has developed into an industrial company with operations in many countries. With about 270 staff, 7 sales subsidiaries and around 70 international sales partners around the globe, Hectronic solutions are now successfully marketed all over the world.

About Parquery
Already operational in more than 20 locations around the world, Parquery is a technology spin-off from ETH Zurich, Switzerland. Their Smart City solutions harness their expertise in computer vision and machine learning, in order to analyse video feeds’ snapshots and provide clients with operational data through API (Software-as-a-Service).

(Press release/ran)