Stratech Systems awarded contract for implementation of SmartPark™ system for HDB carparks

Stratech Systems Limited ("Stratech") has been awarded a contract to install, commission and maintain our proprietary and fully automated, intelligent car park management system and e-Parking solution, SmartPark™. This contract was awarded by Cleantech Services Pte Ltd, which is a subsidiary of the Housing Development Board of Singapore.

Under this contract, Stratech has been commissioned to install and maintain the SmartPark™ system in 5 HDB carparks, located at Kampong Ubi Industrial Estate which includes 1 multi-storey carpark and 4 open carparks. Further negotiations are also in progress to implement the SmartPark™ system in another HDB carpark under the management of Cleantech Services Pte Ltd. In such event, the total combined value of the contract to SmartPark™-enable the above-mentioned carparks could potentially exceed S$1 million.

It was mentioned in a previous press release issued by Stratech dated 2 August, 2000, that the intelligent carparking business has high growth potential in Singapore and the region. In Singapore alone, there are more than 150,000 private commercial carpark lots and a further 600,000 public carpark lots, which are under the joint management of HDB and URA. SmartPark™ has already been implemented at Jurong Point Shopping Centre and the National University of Singapore.

"In 1998, Stratech specifically designed the SmartPark™ system to bid for an open tender issued by HDB and URA for a technology solution to improve and automate the operation of carparks. The tender was eventually not awarded. Hence, this contract is very significant as it is the first time that HDB is adopting the SmartPark™ system for some of the public carparks in Singapore. Stratech is pleased to be awarded this initial contract to implement our SmartPark™ system in public carparks," said Dr David Chew, Chairman and Chief Executive of Stratech Systems.

Advantages of SmartPark

The patent pending SmartPark™ technology is a revolutionary and cost-effective intelligent carpark system which will make parking more convenient and hassle-free for motorists.  It uses advanced artificial intelligence and vehicle licence plate recognition to achieve this.  SmartPark™also employs Internet and IT technologies to enable efficient operation and management of carparks, including cashless payment collection and processing. 

The new technology has a lot of advantages for motorists as well as carpark operators. The system delivers to motorists a convenient and enjoyable parking experience with hands-free access and cashless payment, eliminating the need to collect parking tickets and digging for notes and coins at the payment booth.  With the technology, separate auto-pay machines are optional.