Total
0
Shares
Smart Parking (ASX:SPZ) signs up with KFC
  • Global parking business Smart Parking (SPZ) has signed a three-year contract to supply parking services to KFC U.K. and Ireland
  • The company will install its Automatic Number Plate Recognition (ANPR) systems in 50 KFC outlet carparks across the United Kingdom
  • Thirteen of those sites will have the system installed initially, however, the others will need to be assessed to see if the space is suitable for ANPR
  • The system helps businesses manage and monitor their car parks using the identification technology
  • Smart Parking is up 2.27 per cent on the market this afternoon and is trading for 11.3 cents per share

Global parking business Smart Parking (SPZ) has signed a three-year contract to supply parking services to KFC U.K. and Ireland.

The company will be installing its Automatic Number Plate Recognition (ANPR) systems to 50 KFC outlets across the United Kingdom.

Thirteen of those sites will have the system installed initially, however, the others will need to be assessed to see if the space is suitable for ANPR.

The system helps businesses manage and monitor their car parks using the identification technology.

KFC is a franchise network that operates 450 drive-thru restaurants, of which 250 of them are suitable for ANPR managed services.

While the main technology will be ANPR, Smart Parking will also use a wider range of technology and will be installed with in-ground occupancy sensors and SmartCloud, the company's online platform.

CEO Paul Gillespie is pleased to win this important contract.

"KFC values our market-leading proprietary technology and focused customer service," he said.

"We very much look forward to working initially with the equity owned outlets and building relationships with the larger network of franchised outlets across the United Kingdom," he added.

Smart Parking is up 2.27 per cent on the market this afternoon and is trading for 11.3 cents per share at 2:59 pm AEST.


Subscribe


SPZ by the numbers
More From The Market Herald
OpenLearning (ASX:OLL) - CEO & Managing Director, Adam Brimo - The Market Herald

" OpenLearning (ASX:OLL) signs agreements with Open Universities Australia

Higher education software as a service (SaaS) company OpenLearning (OLL) has signed multiple agreements with Open Universities Australia (OUA).
Pureprofile’s (ASX:PPL) share price soars following CEO appointment

" Pureprofile’s (ASX:PPL) share price soars following CEO appointment

Technology company Pureprofile (PPL) was up more than 400 per cent today after appointing a new CEO.
archTIS (ASX:AR9) - CEO & Executive Director, Daniel Lai - The Market Herald

" archTIS (ASX:AR9) renews two government contracts worth over $400K

Tech company archTIS (AR9) has successfully renewed two contracts with the Australian Government, worth more than $400,000 combined.
LBT Innovations (ASX:LBT) - CEO & Managing Director, Brent Barnes - The Market Herald

" LBT Innovations (ASX:LBT) partners with oneservice for APAS Independence

Biotech company LBT Innovations (LBT) has signed a partnership with oneservice for its APAS Independence product.