Park Assist Launches the M4, the Most Sophisticated Camera-Based Sensor System in the Parking Industry

As Park Assist celebrates our tenth year in the parking industry, we are unveiling the M4 - the most sophisticated camera-based sensor system in the parking business. “In 2010, we pioneered the first camera-based system in the industry. The new M4 underscores Park Assist’s evolution into a powerful business intelligence system,” said Gary Neff, Chief Executive Officer of Park Assist.

The M4 is the most durable and intelligent camera sensor in the industry featuring streaming video for surveillance and a more robust processor enabling the system to support current and future functionality. The M4’s housing is redesigned to be more attractive with a durable exterior frame, earning a seal rating of IP54, which prevents ingress of water and dirt. Built into the M4 Camera Sensor is a Light Emitting Diode (LED) indicator that can be configurable to thousands of colors to indicate parking space status. 

“The M4 is a superior quality product engineered from proven technology that improves detection performance and provides better business intelligence for our clients,” said Dr. Ilan Goodman, Chief Technology Officer of Park Assist.

The M4 is a highly evolved system that has core business intelligence to deliver new revenue opportunities to parking facilities. Today, Park Assist’s proprietary and revolutionary technology combines our exclusive sensor system with a sophisticated software suite that delivers unique operational efficiencies, more powerful surveillance and an unprecedented parker experience - an advancement that will help parking garage owners and operators improve their bottom line now and into the future.

About Park Assist®

Park Assist® is a business intelligence technology company that utilizes cameras to enhance the efficiency and profitability of parking facilities through guidance, license plate recognition, surveillance, and its proprietary premium parking feature. Our Camera System improves the parker experience in 20 countries and growing worldwide. Park Assist® has offices in the United States and Australia, and is a part of the TKH Group (Euronext: TWEKA), a $1.6 billion publicly traded company headquartered in the Netherlands. For more information, visit www.parkassist.com.

For further information:

Lizzie Burger
+1 646-937-6085
Lizzie.Burger@parkassist.com