Parkeon wins contract for The O2 parking system

UK Headquarters, April 17 2007 Parkeon, the worlds leading provider of parking management solutions, has been awarded the contract by City & Suburban Parking (C&SP) to provide the The O2 Europes newest world class entertainment venue - with a Varioflex Pay-on-Foot parking system.
C&SP is the parking management company preferred by Anschutz Entertainment Group (AEG), the developments operator.

The Varioflex system will manage 2,200 spaces across four car parks at The O2, which is located on the Greenwich peninsula in Londons Docklands. The venue comprises a 20,000 seater arena, a 2,200 capacity live music club, 11 screen multiplex cinema, ice rink, world-class exhibition space, and an entertainment district featuring bars, restaurants, and retail and leisure facilities.

Visitors to events staged at The O2 will be able to pre-book parking spaces either on-line - via the Ticketmaster booking agency and The O2 websites or in person at the venues box office, when it opens in June. They will use the credit cards with which they have paid for their seats as an ID to access the parking facilities via Varioflex entry/exit terminals. An enhanced version of Parkeons Varioflex software has been developed to create a seamless transactions system between the on-site Varioflex server and the reservation systems operated by The O2, Ticketmaster, and C&SP.

Parkeons commitment to developing its software to meet the operators
requirements, together with the Companys ability to meet a series of tight deadlines during the venues development, were major factors in it winning this prestigious contract, says Paul May, General Manager at C&SP.

There will be 11 Varioflex automatic pay stations accepting coins, banknotes and Chip n PIN credit cards for visitors to The O2 entertainment district and exhibitions. Eight Varioflex entry terminals/barriers and 13 exit terminals/ barriers will also be installed. Two entry lanes will be bi-directional to speed-up traffic flows at the end of major event

About AEG (Anschutz Entertainment Group)

AEG is one of the leading sports and entertainment presenters in the world.
A wholly owned subsidiary of The Anschutz Company, it owns or operates some of the worlds best arenas and theatres, numerous sports franchises, including the Los Angeles Kings (NHL) and The David Beckham Academy, and a collection of companies dedicated to producing, promoting and presenting world-class live entertainment.

In May 2005, AEG announced that it had joined forces with O2 to help transform the former Millennium Dome and the surrounding area into the UKs most exciting and technically advanced music, sport and entertainment destination. It has been renamed The O2 and will open in 2007.

AEG employs more than 3,000 staff in over 45 operating companies worldwide.
Its international head office is at STAPLES Center, Los Angeles, and its European headquarters is now based in London.

About The O2

The centrepiece of the multi-billion pound development will be an indoor arena for up to 20,000 fans that will host up to 150 world-class music, entertainment and sport events in its first year of opening. Within the facility there will be a Live Music Club with a capacity of over 2,000, a bubble shaped world-class exhibition space that will host the Tutankhamun exhibition from November 2007, 11 screen state of the art cinema complex, and a vibrant entertainment district featuring a variety of bars, restaurants, and leisure facilities.

In Zone 2 of Londons Underground, The O2 is situated at the North Greenwich station on the Jubilee Line, which provides direct access to central London in less than twenty minutes.

The O2 is an official venue for the 2012 Olympics, hosting both the gymnastic and basketball events.

Acts confirmed at The O2 - Justin Timberlake, Scissor Sisters, Take That, NHL ice hockey, NBA basketball, Disney on Ice & War of the worlds,

The Greenwich Peninsula
The 5bn comprehensive regeneration of the 190 acres of the Greenwich Peninsula is being led by Lend Lease and Quintain Estates and Development plc, who together have formed Meridian Delta Limited (MDL) and entered into a long term joint venture with English Partnerships, the national regeneration agency.

Over the next 15 to 20 years, the site will be transformed into a new 15 million ft2 (1.4 million m2) master planned community with a unique blend of residential, entertainment, business, retail and community uses. Planning permission was issued in early 2004 and will see the delivery of 10,000 new homes (including 38% affordable housing), the creation of 24,000 long-term job opportunities, new retail and community facilities and landscaped open space.

AEG is responsible for building and operating The O2 (under the roof of the former Millennium Dome) and the immediate surrounding area as part of the redevelopment. This area will be transformed into a major leisure and entertainment district. AEG is also responsible for operating The David Beckham Football Academy on the Peninsula.

About Parkeon

parkeonlogo.jpgParkeon is a global leading player in the fields of on-street and off-street parking and automated mass-transit ticketing equipment and systems.

Its activities encompass the development, manufacture, installation and maintenance of equipment and systems, as well as related services, including managed services, which leverage a global network of data processing centres.

Parkeon is leader of the on-street parking segment with a 60% global market share. With an installed base of 150,000+ machines, the Companys parking terminals are a familiar sight in over 3,000 cities across 40 countries.
Its Pay & Display systems control over 3 million parking spaces around the world.

Parkeon also has an installed base of 5,000 ticket vending machines for heavy and light rail, underground and multimodal transport operators in Europe, notably Belgium, Denmark, France, Sweden, Switzerland and the UK.

Based in Europe (Germany, Italy, Spain, Belgium, Scandinavia, the United Kingdom and France - where the Company is headquartered), the United States, and Latin America (Brazil), Parkeon employs over 900 people worldwide and generated revenues of 140 million in 2006. Its manufacturing facility has production capabilities of 2,000 Pay & Display units monthly and 1,000 ticket vending machines/access control systems annually.

Parkeon was formed in November 2003 after the spin-off of the parking &
ticketing division of Schlumberger. The Company has played a significant
role in the development of Pay & Display technology, in which it has over 30 years experience.

Varioflex is a trademark of Parkeon

Parkeon Limited, Peartree Business Centre, Ferndown Industrial Estate, Wimborne, Dorset BH21 7PP, U.K.
Tel: 01202 850927 Fax: 01202 850903
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