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EasyPark overview

Parx's EasyPark is a comprehensive easy-to-use electronic parking payment system that provides the ultimate solution for drivers, parking operators and municipalities. EasyPark enables drivers to pay for the exact period of time parked, while simplifying the monitoring, collection and revenue distribution of parking fees, and providing a vast range of reports on usage and proceeds. The core of the EasyPark system lies in a durable, adaptable, contactless, multi-application smart card. The patented EasyPark system, which consists of a single in-vehicle device (an "in-vehicle parking meter") and proprietary software, provides a simple and convenient solution, which can be used for all parking needs including on street parking, parking lots, toll roads, etc. The EasyPark system can be operated either as a stand-alone system or on top of traditional parking payment infrastructures to reduce cash handling and eliminate fraud.

About Parx

Parx Ltd. provides  parking payment solutions to municipalities and parking operators across the world. Parx's  EasyPark system has been  deployed successfully in markets around the globe for the past decade, delivering significant benefits to all stakeholders including municipalities, franchisees and parking operators, enforcement authorities and drivers. Parx demonstrated cost savings and revenue growth in all the locations where its solutions have been implemented. Parx has developed and registered a revolutionary patent designed to simplify current parking payment methods and render them more efficient. This unique product offers a comprehensive solution for on-street parking, parking lots, and toll booths. EasyPark simplifies the monitoring and collection of parking fees, eliminates fraud and reduces cash handling.

Why Parx?

 

  • PARX Ltd. is providing parking payment solutions to municipalities and parking operators across the world
  • Solutions implemented on a nationwide scale
  • In-house production facility
  • Fully leverages patents, IP & know-how across the entire value chain
  • 24/7 local technical support with strong R&D and engineering team 
  • PARX is a subsidiary of On Track Innovations Ltd. ("OTI") ( NASDAQ : OTIV) - a leading provider of secure contactless smart card solutions having:

    •  Strong balance sheet

    •  Cutting-edge technology




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