Founded in 2014 and based in Zurich, Swiss start-up ‘Parquery’ is an original technology spin-off of the Swiss Federal Institute of Technology (ETH Zurich). It was with its camera-based smart parking venture – the biggest of its kind in the world – in the Swiss town of Locarno that Parquery broke into the market. The core competencies of the solution are image recognition and machine learning. Live images of parked cars are analysed via a cloud server and provide 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.
With a strong team of experts, comprising seven employees and three consultants, Parquery has designed its cloud-based solution specifically for technology resellers. Parking occupancy information enables parking managers and technology integrators to increase revenues and optimise enforcement. For town and city councils, occupancy information increases parking efficiency and improves the quality of life for citizens.
Parquery’s highly interesting approaches and solutions also attracted Hectronic’s interest. As an experienced specialist in the parking sector, we’re delighted to collaborate with newcomer 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. "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," says Stefan Forster, Managing Director of Hectronic GmbH.
About Hectronic GmbH
Hectronic GmbH is based in Bonndorf in the Black Forest, Germany. The company specializes in developing intelligent system solutions for the parking and refueling 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 300 staff, 7 sales subsidiaries and around 70 international sales partners around the globe, Hectronic solutions are now successfully marketed all over the world.
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 analyze video feeds’ snapshots and provide clients with operational data through API (Software-as-a-Service).