Höft & Wessel AG

EANS-News: Hoeft & Wessel subsidiary Metric supplies 135 parking machines to Hoboken, New Jersey

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Government Contracts

Subtitle: Leading car parking kiosks manufacturer becomes a well-known player in
the U.S.

Swindon, UK, 18/08/2011. (euro adhoc) - Metric Parking, a subsidiary of Hoeft &
Wessel Group, which has been producing machines for the parking industry for
over 30 years, has just been awarded a contract with the U.S. city of Hoboken,
NJ, to supply 135 car parking ticket machines. After a successful pilot project
last year of 10 machines, the city saw a 30 per cent increase in revenue and
additional parking spaces. These spaces were created by moving from the
traditional single space meters to pay and display. Hoboken found that they are
fitting two to three more cars on a given block. Nearly half of all transactions
are cash less using credit cards. Additional revenue was captured that was
previously lost to broken meters.

The city of Hoboken with more than 50,000 inhabitants is located close to New
York. Installation work is scheduled to begin in a few weeks´ time. The new
parking kiosks of the Metric´s proven Aura model are solar powered and equipped
with different payment options. Customers can pay in cash with coins, using
debit or credit cards, and chip cards based on RFID technology. A payment by
phone service can also be installed at a later date.

Last year, Metric completed the installation of more than 1,000 parking kiosks
with comprehensive back-office software in the U.S.-city of Philadelphia. With
its subsidiary in Mount Laurel, NJ, Metric has established itself in the U.S.
as a well-known supplier of modern car parking kiosks. Its headquarters are in
Swindon, UK, to the west of London. Metric have installed more than 60,000
parking machine in over 45 countries worldwide.


Media section with photos: http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

The Company
The Hoeft & Wessel Group is the leading IT and engineering technology Group for
ticketing, parking and mobile solutions in Germany and Great Britain.
Established in 1978 by the two entrepreneurs who gave the company its name and
listed on the stock market since 1998, the enterprise has developed into a
group of companies with sales revenues of nearly EUR 100 million and a
workforce of 500 employees. Its main locations are Hannover, Germany, and
Swindon, UK, to the west of London.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

end of announcement                               euro adhoc 

company:     Höft & Wessel AG
             Rotenburger Str.  20
             D-30659 Hannover
phone:       +49-511-6102-0
FAX:         +49-511-6102-411
mail:     ir@hoeft-wessel.com
WWW:      http://www.hoeft-wessel.com
sector:      Technology
ISIN:        DE0006011000
indexes:     Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, Hannover, München 
language:   English

Weitere Meldungen: Höft & Wessel AG

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