Petach Tikvah, Israel, May 10, 2023 – TIBA Parking Systems company of FAAC Technologies, a global Parking and Revenue Control Systems (PARCS) development company announces the launch of X60 hardware product line, that is complemented by homegrown enhanced legacy Smart Park as well as all new native cloud SPARK software platforms in Israel.
For over 30 years, TIBA has provided innovative solutions for parking operators and owners, through reliable products that are easy to install, commission and maintain, and provide the best return on investment and lowest cost of ownership in the industry. The TIBA X60 hardware is an embedded proprietary controller-based, OS Less solution that encompasses the latest technologies including robust field-proven components such as touch screen, integrated SIP on board intercom and pin hole camera, voice annunciator, printer, barcode scanners, bill validators, and much more. The TIBA solution is highly customizable thus can support a tailor-made configuration for the needs of the different garages and use cases. The X60 platform as well as the all new SPARK cloud platform are backward compatible to our existing install base, thus allowing our customers to evolve into the new product line.
Since 2020, TIBA has been successfully deploying the X60 product line in USA, Australia, and additional territories around the world: parking operators benefit from its flexible solutions coupled with TIBA native cloud SPARK platform, the enhanced legacy Smart Park software, as well as a wide variety of third-party supplier integrations with complementary hardware and software solutions. "With hundreds of garages and cloud tenants already deployed in other global territories, installations in Israel will be seamless and backed by a proven track record to our customers" says Luca Cervato, Parking BU Director at FAAC Technologies. "With TIBA originating in Israel and influencing the local market together with our distributors, valued customers, local leadership and development center, the Parking BU of FAAC Technologies is committed and geared to maintain our preeminence in the Israeli market as well as evolving neighboring territories”.
“We are proud to have the TIBA product lines developed in Israel and tailored to both the local and the international markets: our agile solutions, reliability and extremely fast architecture allow for the engaged parking experience. Our all-new native cloud SPARK platform and mobile phone SPARK application grant full control and ease of management for the garage owners and operators. The local Israeli market characteristics, our strong relationship with the market leaders and committed operational and service excellence in the country will enable our quick and successful deployments already underway” says Ilan Lev, General Manager of TIBA Israel. “We strive to not only serve but also protect our customers’ investments in the TIBA solution, and we do that by continuing to invest and develop new features and capabilities in our platform, while maintaining backward compatibility to our legacy installations: our new X60 platform and cloud solutions are backward compatible to our legacy product lines installed in the field, allowing our valued customers to use their TIBA systems and maintain continuity of their business while gradually migrating to the new offering."
TIBA supports customers in Israel and around the world in all segments of the parking industry: airports, large campuses, multi-use parking complexes, governmental solutions for the smart city and congestion control, automated robotic parking, healthcare and hospitals, education and universities, hotels, hospitality, and much more. TIBA flexible and reliable solutions architecture allows for unique solutions to support the different verticals with tailor fit solutions.
TIBA Parking Systems, a company of FAAC Technologies is a preeminent leader of solutions for the parking and mobility industry. With the most advanced and flexible systems, TIBA products are scalable, reliable, and user-friendly. TIBA is committed to an “Engaged Parking Experience” through a focus on superior products, providing the industry’s most configurable solutions, and delivering a first-rate customer success partnership. TIBA’s flexible cloud architecture enables parking operators to leverage technology and market trends and unlock new revenue opportunities. TIBA serves parking operators and owners both directly and through an extensive network of value-added resellers. Visit www.tibaparking.com to learn more.
About FAAC Technologies
FAAC Technologies is one of the leading international players in the access automation and control business in both the residential and industrial sectors. The executive headquarters, the technological and managerial heart, are located in Bologna, Italy, but the group boasts a huge presence abroad, where it develops most of its business with both production sites and commercial premises. Established in Bologna in 1965 thanks to the forward-thinking intuition of its founder Giuseppe Manini, FAAC Technologies is today an international group led by a consolidated and highly motivated management team, which operates through 53 legal entities present in 29 countries distributed across 5 continents, and over 3,600 employees.
The information included in this press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Said forward-looking statements. Subject to uncertainties and assumptions and the actual results may materially differ. All forward-looking statements in this press release are based on information available to TIBA Parking Systems on the date hereof. All written or oral forward-looking statements attributable to TIBA Parking Systems are expressly qualified in their entirety by the factors referred to above. TIBA Parking Systems does not intend to update these forward-looking statements.