Smart Parking Limited (ASX:SPZ) a global leader in intelligent parking solutions is pleased to announce that it has joined forces with leading Australian telecommunications company Telstra Corporation Limited (ASX:TLS) as part of Telstra’s smart city initiative.
Telstra began their deployment of smart city Internet of Things (IoT) technology in May 2017 in the city of Joondalup, Western Australia. The technology includes sensors that monitor temperature, humidity, pollution, light, vehicle activity and noise levels to give residents in Joondalup a smarter, better place to live.
Telstra has chosen Smart Parking as its preferred supplier of sensors for the provision of real time parking information to city residents and visitors. To date, five contracts have been signed:
- City of Joondalup: 120 sensors and dynamic signage - May 2017. Visit Telstra Exchange
- City of Casey - 904 sensors and dynamic signage - November 2017. Visit Telstra Exchange
- Cairns Regional Council: 224 sensors - November 2017
- City of Greater Geelong: 209 sensors - December 2017
- Broken Hill City Council: 105 sensors - December 2017
Smart Parking has negotiated a special Purchase Order (PO) agreement with Telstra which sets the rates and conditions of contracts. This agreement will now allow Telstra to bring Smart Parking's innovative solutions to communities across Australia.
Smart Parking CEO Paul Gillespie: “We are delighted to be working with Australia’s largest telecommunications company. Joining forces with Telstra further validates the effectiveness our technology and accelerates the roll out of our cutting-edge parking solutions. While Smart Parking’s management business continues to thrive, our technology division is growing fast and is becoming a major player in the burgeoning Internet of Things (IoT) and smart city space.”
"Combining Smart Parking's solutions with Telstra’s expansive 4G network which covers over 98% of the Australian population – the opportunities are endless and I’m excited to see our partnership evolve as we deliver world class parking experiences for the Australian market."
About Smart Parking Limited
Smart Parking is leading the way in the delivery of proven, fully integrated end-to-end information technology that results in a transformation of the complete parking experience. This is based upon the ongoing exclusive innovations being progressively delivered and the extensive experience which it has developed. With over 40,000 vehicle detection sensors installed in 17 countries, in some of the industry’s largest deployments Smart Parking has achieved the position of holding the largest market share of the global intelligent parking sensor and integrated smart parking services market.
To learn more please visit: www.smartparking.com
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