Parkeon demonstrates full functionality of solar-powered multi-space pay-and-display terminals at IPI 2006.

The machine has been designed to minimize its power consumption, which is less than 3mA in standby mode. The power requirements of all major components have also been reduced, enabling the solar Strada BNA to support a full range of functions without compromising its daily ticket-issuing capabilities. The model being demonstrated will feature both a bank note acceptor and a card reader that enables it to authorize and process credit card payments on-line. The machine will also accept all US coins. Providing drivers with a choice of payment methods has proved to boost parking revenues, with credit card payment facilities increasing income by up to 60%.

In addition to a range of payment options, the Strada BNA will be supporting Parkeon’s fully hosted centralized management service, Parkfolio.Neo®. It comprises two modules, Supervision and Financial, which are designed to enhance the overall performance and management of multi-space, pay-and-display schemes, while improving the level of service provided for drivers, too.

“Parkeon’s objective is to enable its customers to optimize the growth of their parking revenues with well-proven terminals and systems capable of supporting the widest range of functions”, says Michael Kavur, the Company’s US Vice President & Business Manager. “Our multi-space, pay-and-display systems are already the first choice of a number of major American cities, including Chicago, Miami, New York and Seattle.”

About Parkeon (www.parkeon.com)

Parkeon was formerly Schlumberger e-City, the Parking and Ticketing Systems division of Schlumberger. The Company was at the forefront of the development of pay & display terminals in the 1970s and has 30 years of proven innovation and proven expertise in the parking business.

Today Parkeon is a leader in parking systems and equipment, offering both on-street and off-street parking solutions. The Company employs over 850 people worldwide and generated revenues of over $160 million in 2004.

With an installed base in excess of 140,000 machines, its parking terminals are a familiar sight in over 3,000 cities across 40 countries and its pay & display systems control over 3 million parking spaces around the world. Parkeon has over 9,000 terminals installed in North America.

Thanks to world-class engineers and substantial investments over the last three years, Parkeon has built undeniable technological leadership in its field. Parkeon provides complete parking revenue collection solutions, equipment and services to municipalities and car park operators.