Kapsch: Streetline recognized by Frost & Sullivan with its Global Product Line Strategy Leadership Award for Smart Parking Technology

San Mateo, CA, 26-Oct-2016 — /EuropaWire/ — Streetline, which creates smart parking data and mobile apps to guide motorists to open parking spaces and empower cities to optimize parking utilization, has been recognized by Frost & Sullivan with its Global Product Line Strategy Leadership Award for Smart Parking Technology.

“When it comes to applications empowered by accurate parking occupancy data, Streetline continues to stay well ahead of the rest of the smart parking industry,” stated Yiru Zhong, Senior Industry Analyst from Frost & Sullivan, “Streetline is the clear choice to receive this award due to its accelerated ability to drive wide adoption of their platform at a global level.”

According to Manny Krakaris, CEO of Streetline, “This prestigious award recognizes the ability of our new hybrid data collection platform to deliver accurate, real-time parking availability information at a fraction of the cost of traditional systems. In doing so, not only can our platform improve parking services, it can have a meaningful impact on quality of life, air quality and economic vitality.”

Streetline’s hybrid smart parking platform enables any city to optimize parking resources based on a continuous stream of data from their streets without straining local government budgets. Streetline accurately predicts real-time,on-street parking occupancy based on multiple data sources at a small incremental cost to the city, includingin-pavement sensors, cameras and a mobile SDK for third party mobile information platforms. This can reduce the traffic strains and related air quality issues caused by cars looking for parking, which can account for up to 30 percent of urban congestion.

“We’ve long recognized Streetline as a technology leader that has simplified big data consumption and developed insightful analytics critical to realizing the promise of Smart Cities,” Zhong stated. “And, the company’s ability to reduce the cost of its system so significantly may be the biggest leap forward to date in the Smart Parking industry.”

Krakaris added, “Smart parking is at the core of tomorrow’s Smart Cities. We’re grateful to Frost & Sullivan for this important recognition.”

Streetline’s award winning Parker© application is an easy to use iPhone and Android application that empowers consumers with parking guidance. Streetline’s ParkerMap© integrates parking availability into a merchant’s website to encourage consumer spending. Streetline’s ParkSight© analytics and reporting platform empowers parking providers to optimize parking policy and resource utilization.
Streetline was previously named one of Fast Company’s 10 Most Innovative Companies in Transportation, IBM’s Global Entrepreneur of the Year, and Mobile World Congress’ Best Mobile Innovation for Smart Cities. In September 2014, Streetline was elected to the Intelligent Transportation Society (ITS) World Congress Hall of Fame.For more information: www.streetline.com

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Its “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure. For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Kapsch TrafficCom is a provider of intelligent transportation systems (ITS) in the segments of toll collection, city access control and parking space management, traffic management, traffic monitoring, utility vehicle monitoring, electronic vehicle registration and V2X cooperative systems. The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers, from components and design to the installation and operation of systems, all from a single source. The core business comprises the development, installation and operation of electronic toll collection and traffic management systems.
Reference projects in more than 50 countries on all continents have made Kapsch TrafficCom a globally recognized ITS provider. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries and branches in 33 countries. It has also been listed since 2007 on the Vienna Stock Exchange (KTCG) and earned revenues of EUR 526 million in the 2015/16 fiscal year. The company employs over 4,600 employees worldwide.

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Press contact:

Manny Krakaris
CEO
Streetline
1200 Park Pl Suite 150
San Mateo, CA 94403, USA
P 650-242-3400
manny@streetline.com

Kurt Bucheler
SVP Business Development
Streetline
1200 Park Pl Suite 150
San Mateo, CA 94403, USA
P 650-242-3416
kurt@streetline.com

SOURCE: Kapsch Group