In the news this month:

4 revolutionary AI advancements from ParqEx

First U.S. highway section to charge driving EVs

AI + smart tech = All new cities of the future

Two states, two autonomous vehicle advancements

When smart parking assist isn’t so smart

and MUCH more…

For Everyone

Harnessing AI for Smart Parking Solutions: A Deep Dive into ParqEx’s Technology Platform

ParqEx’s integration of Artificial Intelligence (AI) into its parking technology platform marks a significant leap in the evolution of parking management and security. By leveraging AI, ParqEx enhances the functionality and efficiency of its services, including the Marketplace, Access+, License Plate Recognition (LPR), and Enforcer. This integration not only optimizes parking utilization and revenue but also ensures heightened security and ease of access. Let’s explore how AI powers each of these services and the overarching benefits it brings…

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For Parking Owners & Renters

ParqEx AI Variables and Their Impact on Pricing

ParqEx’s AI-driven Dynamic and Predictive Pricing Platform leverages various variables or key influencers to optimize parking space pricing and utilization. This document outlines the different variables considered by ParqEx’s AI algorithms and their impact on the predictive and dynamic pricing outcome. Here are the 10 AI Variables/Key Influencers in ParqEx’s AI Pricing Model..

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For Property Owners, Managers, & Drivers

AI Mastery: ParqEx’s License Plate Breakthrough

License Plate Recognition (LPR) technology has evolved from a simple vehicle identification tool to a comprehensive solution. ParqEx’s AI-enhanced Access + Premium LPR enhances parking and security management across various sectors. ParqEx’s Access+ LPR system represents a significant leap forward, incorporating innovative features that benefit all users, from property managers to enforcement agencies and even the end users—the drivers. As we delve into the capabilities of artificial intelligence in vehicle recognition, “AI Mastery: ParqEx’s License Plate Breakthrough” stands as a testament to the innovative strides ParqEx has made in this field…

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For Enforcers & Property Managers

Revolutionizing Parking: ParqEx’s AI-Powered Smart Enforcement Technology

In the dynamic world of technology, one of the most significant advancements has been the creation of artificial intelligence (AI). AI is the development of machines that can perform tasks that typically necessitate human intelligence. These tasks span problem-solving, automating routines, analyzing vast amounts of data, aiding decision-making, making data-based predictions, recognizing speech, understanding languages, and even driving cars. Talking about cars, AI is also reshaping parking. Explore this informative blog, “Revolutionizing Parking: ParqEx’s AI-Powered Smart Enforcement Technology,” to understand how ParqEx’s AI-driven park systems are adept at problem-solving and enhancing parking facility enforcement…

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National News Bites

First U.S. highway that charges cars as they drive on it

Purdue University engineers and Indiana DOT are working to make it possible for cars to wirelessly charge while driving on highways. Read at purdue.edu↗

Cities are being re-shaped for the future by smart city technologies

This in-depth study looks at five key technologies: smart parking, lighting, waste collection, air quality monitoring, and surveillance. Read at Smart Cities World↗

AI & smart vehicles are also re-shaping the futures of our cities

AI is leading to major advancements in traffic optimization by transforming intersections into smart, cloud-connected grids. Read at PYMNTS↗

NYC to launch autonomous vehicles testing program

New York City’s Mayor has insisted that safety is the top concern, and a driver must be present in every AV and ready to take the wheel. Read more at IUS↗

Autonomous vehicle bill passes in the Senate

In response to the commercial truck driver shortages in Kentucky, House Bill 7 has passed. However, a human is required for the first two years. The Bottom Line News↗

Not the smartest smart parking assist…

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PLANS	PERSONAL Self-managed using the ParqEx platform Get Started	BUSINESS Self managed with some help from ParqEx customer support SIGN UP	ENTERPRISE Manage with help from ParqEx Account Manager & customer support SIGN UP	CONCIERGE Dedicated ParqEx Account Manager will help you setup and manage your account with priority customer support SIGN UP	CUSTOM A custom-solution tailored to your property requirements. Dedicated ParqEx Account Manager will work with you to come up with the perfect solution REQUEST DEMO
Spots	1	4	20	100	90
Users	1	10	50	300	500
Contract & Invoicing	-	1 yr	2 yr	2 yr	-
One-Time Setup Fee Per Access+ device (controls 3 access points)		$ 250.00	$ 750.00	$ 1,000.00	-
Public Marketplace Commission	20%	20%	20%	20%	20%
Internal Marketplace Commission	4.5%	4.5%	4.5%	4.5%	4.5%
Onboarding & Training # of hours included per contract term	-	1	3	5	5
Trial (Pilot)	NA	1 month	1 month	1 month	NA
Seats included # of users that can access the (shared) account	1	1	3	5	5
iPhone, Android & Desktop app
Customer support Email, phone and chat support
ParqEx Account Manager
Notifications
Email alerts
SMS alerts

MARKETPLACE
Manage property, spot & listings
Advanced Settings
Blackouts
Surge pricing
Dynamic pricing
Extended stay configuration & pricing
Lead time
Parking spot sorting & selection Advanced logic to manage the order in which spots get displayed, selected & booked.
Rules
# of bookings per renter per month
# of simultaneous transctions permitted for a user
# of hours a renter can book per month
Payment Processing
PayOnExit Access+ Required
Marketing
Featured Listings
Demand priority planning
Mailchimp Integration
Personalized Campaigns
Monthly Automated Campaigns
Bulk Message Execution
Promotions
Email Marketing
Digital Marketing
Social Media Coverage
Promo materials Custom designed signage: promo cards, flyers, etc. Design only, does not include the cost to print.
Ratings & review management
Competetive Pricing analysis				Annual

INTERNAL TENANT MANAGEMENT
Public versus Private property
Internal tenant management features (Add, remove tenants, assignment& reassignment of spots, ban users from a property.)
Advanced permission management capability (Assign tenants to specific units and parking spots. Allow tenants to rent, list. Manage renting and listing permissions. Allow tenants to control pricing or availability or both for their spot listings at a property.)
Parking spot sorting (Advanced logic to manage the order in which spots get booked)
Rules
# of bookings per renter per month
# of simultaneous transactions permitted per user
# of hours a renter can book per month
Custom Tiered Pricing (For internal, external/public, or special considerations)
Importing And Cleaning Up Your Database		Annual	Quarterly	Monthly
Categorize users by company or custom tags
Access management (Short term, i.e. temp staff, renters, guests/visitors etc.) Access+ Required
Activity monitoring & reporting
Track spot, renters by their unit numbers

ACCESS+
Manage Access Access+ Required
Short term (employees / staff, long term tenants, monthly renters etc.)
Long term (employees / staff, long term tenants, monthly renters etc.)
Advanced Permissions Access+ Required
Manage permissions by spot
Manage permissions by user
Access Log dashboard & reporting Access+ Required
Role based security			available
Property Access Logs Management module			available
Property Access Log for enforcement module			available
Notifications
Request for access notifications			available
Notifications when property is accessed			available

GUESTPARQ
Guest / visitor parking functionality		available
Guest Parking Management			available
Notifications
Advanced reporting (Tenant usage, parking usage, availability, asset utilization and more)			available	available

ENFORCER
Enforce by property			available	available
Do not tow list management			available	available
Violations			available	available
Custom violation types & fees			available	available
Integration with ticketing/towing partners			available	available
Coordination with enforcement partner			available	available
Role based permissions (Enforecement agent, manager and admin)			available	available
Notifications			available	available
Automated Daily enforcement data report for a property via email			available	available

ACCOUNTING & FINANCE
Payout options (ACH, QuickPay, Check, Paypal)
Monthly statement
Detailed monthly statements for tax & reporting purposes			available	available

ADMIN MODULES
Customer Search
Guest Parking Management (Role-based)
Email Logs
Account setup and Management
Access+ Logs (read-only)
Access+ Advanced Logs for Field OPS & Admin
Role based permissions
Read-Only
Manager
Owner
Notifications
Schedule real time, daily, weekly or monthly reports

ONBOARDING & TRAINING
User guides
Knowledge base & FAQ
Videos
In-person training for staff
In-person training & onboarding of tenants/renters
Custom branded training material Property specific: user guides, videos, landing pages, email campaings, KB & FAQs			available	available

ADVANCED CUSTOMER SUPPORT
Developing And Maintaining Your Communication Strategy to tenants/residents
Monitoring listing quality
Managing requests Waiting lists and converting them into renters when parking becomes available

OPERATIONS SUPPORT
Site surveys
Access+ - hardware maintenance Access+ Required	Annual	Annual	Annual	Quarterly	Quarterly
Network check Access+ Required	Annual	Annual	Annual	Quarterly	Quarterly
Signage check Access+ Required				Annual	Annual
	Get Started	SIGN UP	SIGN UP	SIGN UP	REQUEST DEMO

ParqEx Monthly Newsletter April 2024

In the news this month:

For Everyone Harnessing AI for Smart Parking Solutions: A Deep Dive into ParqEx’s Technology Platform

For Parking Owners & Renters ParqEx AI Variables and Their Impact on Pricing

For Property Owners, Managers, & Drivers AI Mastery: ParqEx’s License Plate Breakthrough

For Enforcers & Property Managers Revolutionizing Parking: ParqEx’s AI-Powered Smart Enforcement Technology

National News Bites

First U.S. highway that charges cars as they drive on it

Cities are being re-shaped for the future by smart city technologies

AI & smart vehicles are also re-shaping the futures of our cities

NYC to launch autonomous vehicles testing program

Autonomous vehicle bill passes in the Senate

Not the smartest smart parking assist…

Are you with us on social?

For Everyone

Harnessing AI for Smart Parking Solutions: A Deep Dive into ParqEx’s Technology Platform

For Parking Owners & Renters

ParqEx AI Variables and Their Impact on Pricing

For Property Owners, Managers, & Drivers

AI Mastery: ParqEx’s License Plate Breakthrough

For Enforcers & Property Managers

Revolutionizing Parking: ParqEx’s AI-Powered Smart Enforcement Technology