New System Will Make Parking Easier for Seattle Residents and Visitors

The new machines will make parking in Seattle’s business districts more convenient for residents and visitors while providing greater parking management tools for the City.

Parkeon’s Stelio pay stations will enable Seattle residents to pay with a debit or credit card, verified in real-time, in addition to coins. The new pay-and-display machines are solar powered and wirelessly connected to a fully hosted management service.

“We are pleased to be working with Parkeon to make parking more convenient and reliable for our residents and visitors,” said Rob Spillar, Director of Traffic Management for the Seattle Department of Transportation. “The new pay stations will eliminate the need for people to have a pocketful of coins to park and will make the best use of limited curb space in Seattle’s business districts.”

The new pay stations will be connected to a fully hosted management system located at Parkeon’s Moorestown, New Jersey office, providing real-time knowledge of events and statistical analysis. This system will enable more efficient maintenance planning, streamlined parking revenue management, and more effective collection of revenues and fines – all of which help the City’s bottom line.

“Parkeon is committed to providing Seattle and other American cities with proven, reliable and standardized parking solutions that are tailored to cost-effectively improve urban mobility,” said Ken Greenwood, Parkeon North America. “Our new agreement with Seattle demonstrates our commitment to creating a more harmonious urban environment for American consumers and local officials.”

The installation of Parkeon Stelio pay stations will begin in April, replacing single-space parking meters that are currently in use.

About Parkeon (www.parkeon.com)

Parkeon was formerly Schlumberger e-City, the Parking and Ticketing Systems division of Schlumberger. The company was at the forefront of the development of pay & display terminals in the 1970s and has 30 years of proven innovation and proven expertise in the parking business.

Today Parkeon is a leader in parking systems and equipment, offering both on-street and off-street parking solutions. The company employs over 800 people worldwide and generated revenues of over $150 million in 2003.

With an installed base in excess of 130,000 machines, its parking terminals are a familiar sight in over 3,000 cities across 40 countries and its pay & display systems control over 3 million parking spaces around the world.

Thanks to world-class engineers and substantial investments over the last three years, Parkeon has built undeniable technological leadership in its field. Parkeon provides complete parking revenue collection solutions, equipment and services to municipalities and car park operators.