PARKING LOT DESIGNED FOR ABSENT-MINDED DRIVERS
Posted: Thu Nov 20, 2003 9:23 am
Parking Lot Designed for Absent-Minded Drivers
SINGAPORE (Reuters) - A Singapore company has a high-tech solution for absent-minded drivers who lose their cars in parking lots.
Stratech Systems Ltd has developed a parking lot surveillance system that pinpoints the location of a car after drivers key in their license plate number at a kiosk.
After punching in the number, a map appears on a screen indicating the zone and lot where the car is parked.
A display panel at the car park's entrance also gives directions to the nearest vacant spot.
"The system comprises intelligent software bundled with a camera surveillance system, which provides a security aspect as well," a Stratech spokesman told Reuters.
If someone loiters in the car park, he said, the system can be configured to alert security.
The price of the system ranges from around S$100 ($60) to S$400 per parking spot, depending on the number of features, Stratech said. To outfit a 300-lot car park, the bill could come to between S$30,000 ($17,420) and S$120,000 ($69,690).
The company also charges an annual maintenance fee of between 10 and 15 percent of the total cost of the project, the spokesman said.
Listed on Singapore's stock market, Stratech returned to the black with a S$4.02 million profit in the six months to June 30. It made a loss of S$25.9 million in the previous half-year.
Its shares were down half a cent at S$0.18 on Thursday morning. The stock has nearly tripled since the start of the year, outperforming the broader Straits Times Index which has gained only 25 percent in the same period.
SINGAPORE (Reuters) - A Singapore company has a high-tech solution for absent-minded drivers who lose their cars in parking lots.
Stratech Systems Ltd has developed a parking lot surveillance system that pinpoints the location of a car after drivers key in their license plate number at a kiosk.
After punching in the number, a map appears on a screen indicating the zone and lot where the car is parked.
A display panel at the car park's entrance also gives directions to the nearest vacant spot.
"The system comprises intelligent software bundled with a camera surveillance system, which provides a security aspect as well," a Stratech spokesman told Reuters.
If someone loiters in the car park, he said, the system can be configured to alert security.
The price of the system ranges from around S$100 ($60) to S$400 per parking spot, depending on the number of features, Stratech said. To outfit a 300-lot car park, the bill could come to between S$30,000 ($17,420) and S$120,000 ($69,690).
The company also charges an annual maintenance fee of between 10 and 15 percent of the total cost of the project, the spokesman said.
Listed on Singapore's stock market, Stratech returned to the black with a S$4.02 million profit in the six months to June 30. It made a loss of S$25.9 million in the previous half-year.
Its shares were down half a cent at S$0.18 on Thursday morning. The stock has nearly tripled since the start of the year, outperforming the broader Straits Times Index which has gained only 25 percent in the same period.
