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Smart Integrated system for Reliable Parking information, search and guidance.

Periodic Reporting for period 1 - Sir-Park (Smart Integrated system for Reliable Parking information, search and guidance.)

Reporting period: 2015-12-01 to 2016-03-31

In many large cities, parking is a major issue, which can result in a number of environmental, economic and social problems. It is related to traffic congestion (causing 30% of the traffic in the city), with an important environmental impact. For drivers, poorly managed parking can be a waste of time and have an economic impact due to fuel cost.
Hi-Park Solutions smart parking application Sir-Park (Smart Integrated system for Reliable Parking information, search and guidance) integrates computer vision technology and mobile devices to crowd source on-street parking vacancy data in real time thus helping to reduce the time spent searching for a vacant space. Cities can use the collected data for planning traffic and parking infrastructures. It is also suitable for car embedding. Its computer vision algorithm has been validated in a relevant urban environment, in the city of Tel Aviv (Israel).
Hi-Park Solutions Ltd. received a Business innovation grant for feasibility assessment purposes (phase 1) within the Horizon 2020 SME Instrument. The objectives were to carry out a survey of European related regulations and specifications, a survey of potential partners, and to update the business and development strategy prior to demonstration and commercialization.
During this assessment period, we analysed European related regulations and specifications, the existing smart parking technology and signalling, and analysed more in detail the situation in selected European cities meeting specific criteria: Barcelona, Warsaw, Munich, the borough of Westminster (London), and Paris. We also networked and contacted different potential deployment partners.
We have formalised collaboration with “Smart City” integrators: a large utility company and a global company offering IT services to plan joint operations (letters of interest received). Also, considering the existence of key partners for deployment and defined criteria, we selected three cities covering different climatic and regulatory operational conditions.
After this period, is it possible to conclude that Hi-Park is technically capable of further developing Sir-Park technology up to TRL8 during an eventual demonstration phase (phase 2), and to commercialise it at large scale thereafter, with a positive impact in the company, with a market opportunity in Europe, particularly in the context of connected cars expected penetration in the near future.