Parkeon to Provide Centrally Managed Pay-and-Display Parking Solution for Denver

New Machines Will Improve Parking in the Popular Cherry Creek North Shopping District.
Parkeon (formerly Schlumbergers parking division), the global leader in parking systems and equipment, announced it has signed a contract with the City of Denver to provide more than 75 multi-space pay-and-display Stelio pay stations in the citys Cherry Creek North shopping district.
The installation of these new centrally managed machines is a key component in improving parking in the high-traffic shopping district.

“Like most major metropolitan centers in the United States, Denver is greatly affected by the high mobility of its population,” said Anderson Moore, City of Denver Parking Director. “With the installation of Parkeon pay stations we hope to continue mitigating the parking challenges facing Cherry Creek North and further our goal in providing the highest quality service to Denver’s residents and visitors.”

Once the installation is complete in 2004, drivers will be able to move their cars from one street space to another within the designated area where kiosks are installed without forfeiting their remaining time. The Stelio pay stations will allow patrons to pay with coins, credit cards or tokens. They will be solar-powered with a wireless connection to a fully hosted management system located at Parkeon’s Moorestown, New Jersey facility.

“Parkeon is committed to providing proven, reliable and standardized parking terminals that can be tailored to cost-effectively improve urban mobility in cities just like Denver,” said Ken Greenwood, Parkeon North America. “Our agreement with Denver is another step in Parkeon’s commitment to creating a more harmonious urban environment for American consumers and local officials.”

Parkeon Stelio pay stations will allow Denver parking officials to reduce operating costs through real-time statistical analysis; provide more efficient maintenance planning; streamline parking revenue management, including the collection of revenues and fines; and provide the ability to manage everything from one central location.

“By installing the kiosks, we feel that we are now moving even closer to realizing our goal of providing the most convenient and customer friendly parking possible,” said Marc Schtul, President and CEO of Cherry Creek North.

About Parkeon (www.parkeon.com)

parkeon.gifParkeon 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 over 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.
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