EANS-News: Hoeft & Wessel subsidiary Metric supplies 135 parking machines to Hoboken, New Jersey
18.08.2011 – 11:08
-------------------------------------------------------------------------------- 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. www.metricparking.com www.metricgroup.co.uk www.hoeft-wessel.com 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