SurePark and SureReserve, the smart parking products developed by Innovation of Thingz, offer a comprehensive solution to the perennial urban challenge of parking availability. Utilizing Internet-of-Things (IOT) technology, the company's proprietary hardware and software provide real-time parking occupancy data. SureReserve, an innovative premium service, enables drivers to reserve a parking spot while automatically securing it with a physical barrier upon reservation. Founded in 2014 and based in Singapore, the company operates at the intersection of Consumer Electronics, Information Technology, and Transportation. Its SurePark wireless sensors facilitate easy deployment in both indoor and outdoor parking spaces, supplying valuable analytics for parking management. By presenting real-time data on parking availability and revenue through a dashboard, SurePark empowers management to make informed decisions and optimize occupancy. The accompanying SurePark smartphone app effectively directs drivers to available parking spots, reducing search time by an impressive 90%. This not only benefits drivers, but also increases foot traffic in carparks and adjacent shopping malls. Notably, the company has not disclosed its latest investment details and partners. In summary, Innovation of Thingz has harnessed advanced technology to address urban parking challenges, offering a compelling and multifaceted solution that aligns with the evolving needs of modern urban environments.
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