World-Premiere: The All-New Volvo XC90

GOTHENBURG, Sweden, Aug. 27, 2014 /PRNewswire/ — Months of speculation ended today after Volvo Cars unveiled its all-new Volvo XC90, delivering on its promise to introduce a visually striking, premium quality seven seat SUV with world leading safety features, new powertrain technologies, an unrivalled combination of power and fuel efficiency and a superlative interior finish.

The all-new XC90 on display at the world premiere launch event Artipelag in Stockholm, August 26-29.

The all-new XC90 on display at the world premiere launch event Artipelag in Stockholm, August 26-29.

To view the Multimedia News Release, please click:
http://www.multivu.com/players/English/7276259-volvo-XC90-world-premiere/

Three years in the making and part of a USD 11bn investment programme, the new XC90 marks the beginning of a new chapter in Volvo history, capturing its future design direction, incorporating its own range of new technologies and utilising its new Scalable Product Architecture (SPA) technology.

“This is one of the most important days in our history. We are not just launching a car but re-launching our brand. This day marks a new era for our company. The XC90 paves the way for a portfolio of exciting new cars to come in the following years,” said Håkan Samuelsson, President and CEO of Volvo Car Group.

The limited First Edition of XC90 includes 1,927 individually numbered cars that celebrate the year Volvo was founded and, for the first time in history, they will only be available for sale via digital commerce at http://www.volvocars.com from September 3rd at 16.00 CET.

“Those who want to be among the first ones to own the best SUV in the world have to act fast. The huge interest in the all-new XC90 indicates that the First Edition will sell out quickly,” said Alain Visser, Senior Vice President, Marketing, Sales and Customer Service of Volvo Car Group.

Fully equipped  

The First Edition cars, which have uniquely numbered tread plates and a distinctive badge on the tailgate, are powered by a high-performance petrol or diesel engine from Volvo Cars’ new four-cylinder Drive-E powertrain family. The supercharged and turbocharged T6 has an output of 320 hp and a maximum torque of 400 Nm, while the D5 twin turbo diesel engine has 225 hp and 470 Nm. The engines are teamed with a smooth 8-speed automatic transmission.

The Onyx Black exterior and 8-spoke, 21-inch Inscription wheels are combined with an interior featuring nappa leather seats in Amber, a Charcoal leather dashboard and Linear Walnut inlays.

Volvo’s new face 

The new XC90 will be the first of its cars to carry the company’s new more prominent iron mark, which has the iconic arrow elegantly aligned with the diagonal slash across the grille.  Together with the T-shaped “Thor’s Hammer” DRL lights, the iron mark introduces an entirely new, distinctive and confident face for Volvo’s forthcoming generation of cars.

The XC90’s larger bonnet with its new topography, the beltline and the sharpened shoulders connecting with the tattoo-like, new rear lights are other important design signatures that will be mirrored across the range.

“The overall impression, both exterior and interior, has a strong connection to the key elements of the Swedish lifestyle: the generous space, the celebration of light and the focus on wellbeing,” said Thomas Ingenlath, Senior Vice President Design of Volvo Car Group.

Note to Editors:

A picture/s accompanying this release is available through the PA Photowire. It can be downloaded from http://www.pa-mediapoint.press.net or viewed at http://www.mediapoint.press.net or http://www.prnewswire.co.uk.

Contact:

Stefan Elfstrom
Media Relations Manager
Corporate Communications
Volvo Car Corporation
Dept. 50250/PVH50
Goteborg
Sweden
Telephone +46-31-3251878

(Logo: http://photos.prnewswire.com/prnh/20140522/683630)
(Photo: http://photos.prnewswire.com/prnh/20140826/702681)

Video: 
http://www.multivu.com/players/English/7276259-volvo-XC90-world-premiere/

Photo – http://photos.prnasia.com/prnh/20140827/8521404809

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GENIVI To Host “Connected Car Track” During Super Mobility Week

– A Key Track as Part of CTIA 2014™ Mobility Week’s “Money Event”

SAN RAMON, Calif., Aug. 27, 2014 /PRNewswire/ — The GENIVI® Alliance, an automotive and consumer electronics industry association driving the development and adoption of an open In-vehicle Infotainment (IVI) reference platform announced today that it will host the “Connected Car- Open Automotive Track” as part of CTIA’s Super Mobility Week in Las Vegas, Sept. 8-11, 2014, at the Sands Expo and Convention Center.

In conjunction with Mobility Week’s “The Money Event” which features panel discussions and demonstrations from some of the most successful experts in the mobile banking and commerce world, the Connected Car – Open Automotive Track will cover the latest innovations and enablers to provide commerce in the car, which itself is now increasingly connected, and in fact a mobile “device” in its own right.

As part its Open Automotive Series, GENIVI will host three sessions on Sept. 11: Collaborate or Die (United We Stand) focusing on the partnerships, alliances and other collaborative efforts that are facilitating major developments in the sector; Cars are Connected – Where are the Applications which will discuss how automotive applications are still missing from the digital devices passengers carry into their vehicles, and Inside Your Car, Your Mind and Your Wallet that will delve into the costs vs. consumer and key stakeholder benefits to bring loT into the vehicle.

“The Connected Car – Open Automotive Track will serve as an ideal venue for GENIVI, as an open source thought leader, to showcase current and future mobile innovations happening in the money and commerce ecosystems,” said Joel Hoffmann, director of Marketing for GENIVI Alliance. “This unique event will bring automotive industry leaders from across the globe to discuss how the connected car is literally becoming a vehicle for payments and commerce.”

GENIVI’s Open Automotive events are a series of one-day conferences that explore – with automakers, suppliers, automotive consortia and leading industry analysts – the relationship between automotive connectivity and the so-called “Internet of Things (IoT)”.  Later in the year, Open Automotive will appear in Detroit as well as live webinars hosted by Automotive World.  For future GENIVI events, visit http://genivi.org/events.

To register for The Money Event in conjunction with CTIA Super Mobility Week and receive a 30% discount on the price of registration, visit www.themoneyevent.com and enter discount code “ADITYA30.”

About GENIVI Alliance
The GENIVI Alliance is a non-profit industry association whose mission is to drive the broad adoption of an In-Vehicle Infotainment (IVI) open source development platform. GENIVI will accomplish this by aligning requirements, delivering reference implementations, offering certification programs and fostering a vibrant open source IVI community. GENIVI’s work will result in shortened development cycles, quicker time-to-market, and reduced costs for companies developing IVI equipment and software. Comprised of more than 170 member companies, GENIVI is headquartered in San Ramon, Calif.  Please visit www.genivi.org for more information.

About The Money Event
The Money Event (www.themoneyevent.com) where the Mobile and Money ecosystems meet, make deals and create partnerships. The Money Event will offer an unprecedented experience to 40,000 attendees from 100 countries at CTIA 2014, with a combination of visionary presentations, thought-provoking panel discussions and company-specific demonstrations in 3 parallel tracks over 2.5 days of rich programming, all against the backdrop of mobile’s premier industry event, Super Mobility Week.

THE MONEY EVENT will run from September 9 -11, 2014 in Las Vegas.

About CITA
CTIA-The Wireless Association® is an international nonprofit membership organization that has represented the wireless communications industry since 1984. Membership in the association includes wireless carriers and their suppliers, as well as providers and manufacturers of wireless data services and products.

Media Contact- GENIVI Alliance:
Craig Miner
248.840.8368
cminer@gelia.com

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Jebsen tedrive Joint Venture Established to Bring tedrive Steering’s Advanced Steering Gear Technologies to China

SHANGHAI, Aug. 26, 2014 /PRNewswire/ — Jebsen Automotive Technik (JAT) and tedrive Steering are pleased to announce today plans to establish a 50:50 joint venture “Jebsen tedrive Steering Systems”. The joint venture aims to bring tedrive Steering’s advanced steering technologies to China. The new company will be formally registered by year-end in Shanghai, from where it will spearhead the localization of tedrive Steering’s full product range.

Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.

Top executives from Jebsen & tedrive Steering celebrating the creation of Jebsen tedrive Steering Systems at the signing ceremony in Germany.

The new joint venture will draw on the operational knowledge and China-wide sales and service network of JAT and the technological expertise of tedrive Steering to satisfy the growing demand for high-quality automotive components in China. Jebsen tedrive Steering Systems will focus on supplying German-engineered steering systems, with plans to localize the manufacturing in China.

“As an established provider of advanced steering technologies to the global vehicle market, at tedrive Steering we are pleased to combine our strengths with those of Jebsen Automotive Technik in order to grow our business in China. With the support of JAT, we will develop the market for our innovative steering technologies in China and help the local automotive sector better serve its domestic and international customers,” said Pavel Gilman, Director, Corporate Strategy and in charge of founding the new joint venture with Jebsen.

tedrive Steering and JAT are confident of the continuing growth of China’s auto sector. Already the world’s largest automotive market, it grew almost 14% in 2013 according to the China Association of Automobile Manufacturers (CAAM), with 21.98 million vehicles sold. Sales for 2014 are expected to show a further 8 to 10% growth.*

With more than 60 years of experience, tedrive Steering is a global leader in the development, engineering and production of steering systems and components. Its product portfolio includes advanced steering technologies for all vehicle segments: from mechanical, hydraulic and electronic rack-and-pinion steering systems for passenger cars and light commercial vehicles to state-of-the-art recirculating ball steering gear technology for commercial vehicles and buses.

“Jebsen Automotive Technik and tedrive Steering are committed to ensuring that Jebsen tedrive Steering Systems develops into the high-quality leader in steering systems for China. By making full use of the nationwide Jebsen Automotive Technik sales and service network and leveraging synergies with our other market-leading joint ventures, we will be able to help tedrive Steering localize its innovative technology and support our OEM and Tier One customers with competitive system and component solutions at the same time,” Arnie Jensen, Director and General Manager of Jebsen Automotive Technik, also the board of director of the new joint venture said.

Jebsen Automotive Technik supports this market with three JVs: Mitec-Jebsen, which provides high-end engine balance shafts and gear set solutions; Jebsen-TCG Automotive Systems (Dalian), which manufactures high-performance variable oil and water pumps; and MSR-Jebsen Technologies, which produces precision machined components for powertrain customers in China.

About Jebsen tedrive Steering Systems

To be established in Shanghai in the fourth quarter of 2014, “Jebsen tedrive Steering Systems Co. Ltd.” will supply advanced steering technologies in China. It is a joint venture of tedrive Steering, managed by its holding company “Steering Systems Beteiligungsgesellschaft mbH” of Germany, a global leader in the development and production of advanced steering systems, and “Jebsen Automotive Technik Co. Ltd.”, a subsidiary of Jebsen Industrial.

About tedrive Steering

tedrive Steering is a specialised development partner and manufacturer of steering systems for the global vehicle market. The company with headquarters in Germany operates three plants in Wuelfrath and Chemnitz (Germany), and further production, sales and technical facilities in Istanbul (Turkey), Nabereznyje Chelny (Tatarstan, Russia) and Howell (Michigan, USA). tedrive Steering is a full-service provider in the field of steering technologies. The product portfolio encompasses rack-and-pinion steering and recirculating ball steering gear systems for all vehicle segments from small passenger cars to large trucks and buses. tedrive Steering sets the course, developing competitive high-performance steering technology for passenger cars and commercial vehicles, with its award winning iHSA® technology and lightweight steering solutions. For more information, visit http://www.td-steering.com.

About Jebsen Automotive Technik

Jebsen Automotive Technik Co. Ltd. (JAT), a subsidiary of Jebsen Industrial under the Jebsen Group, supports overseas component suppliers to localize their operations and business in China. It oversees Mitec-Jebsen as well as Jebsen-TCG Automotive Systems, which produces high-performance variable oil and water pumps, and MSR-Jebsen Technologies, which manufactures high precision components for powertrain system. The company continues Jebsen’s history as a leader in Greater China’s aftermarket spare parts and services since 1921. For more information, visit http://www.jebsenindustrial.com/JAT.

*[Source: http://www.reuters.com/article/2014/02/13/us-china-auto-sales-idUSBREA1C0DR20140213]

Photo – http://photos.prnasia.com/prnh/20140822/8521404727

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Yongda Auto Announced the Grand Opening of Yongda Morgan

The First Dealership Company of Morgan Motor in Eastern China

HONG KONG, Aug. 25, 2014 /PRNewswire/ — China Yongda Automobiles Services Holdings Limited (“Yongda Auto” or the “Company” and, together with its subsidiaries, the “Group”, stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, is pleased to announce the grand opening of Yongda Morgan. Yongda is the first automobile dealership store in Shanghai and Eastern China authorized by Morgan, meanwhile, it symbolizes the extension of network of Morgan in Eastern China.

Yongda is China’s leading professional luxury and ultra-luxury automobile dealership group. The Company is the first in the industry to form a complete car sales chain of “driving learning, car buying, car selling, car rental, car repair and car maintenance”. It has become the largest domestic dealership group in the industry with the largest number of agency brands, the most complete services, and the most extensive operating network.

The Britain Morgan Motor Company is a motor brand with more than 100 years of history. Designed with personality and style in mind, the Morgan sports car is made from light-weight materials matched with modern high performance engines for a truly exhilarating driving experience. In the past 100 years, Morgan has been striving to produce the first-class sports cars, in order to provide customers with sheer driving pleasure, as well as high investment value. As the general agent in Eastern region, Yongda Morgan has launched the first showroom and service center in Shanghai, providing the unique classic sports car experience and choice for collection to high-end car owners. The person in charge of Yongda Morgan remarked, “Morgan, a car brand with profound British cultural heritage, will show its charm in this prosperous city — Shanghai, and Morgan’s products will be loved by the consumers in Shanghai and surrounding areas.” The opening of Yongda Morgan this time, not only provides the vast of car consumers with much convenience in choosing the top-class Morgan models, but also offers world-renowned excellent services and meticulous care for customers to the existing car owners.

About China Yongda Automobiles Services Holdings Limited

Yongda Auto is a leading passenger vehicle retailer and comprehensive service provider in China focused on luxury and ultra-luxury brands. Yongda Auto has a strong brand portfolio of luxury and ultra-luxury brands including Bentley, Porsche, BMW, Audi, Jaguar Land Rover, Audi, Volvo, Cadillac, Lincoln, Infiniti and Morgan. As of June 30, 2014, it has obtained manufacturers’ authorizations to open and operate more a total of 152 outlets. Its network has a strong presence in East China, including Shanghai, and has expanded into other regions in China. In addition to new passenger vehicle sales business, Yongda Auto also provides customers with a comprehensive range of automobile-related services through its “one-stop shop” approach. These include after-sales services, automobile rental services, as well as a wide array of services that it offers in connection with pre-owned vehicles, automobile insurance products, credit products and automobile financing and leasing.

For further information, please contact:

Porda Havas International Finance Communications Group

Kelly Fung

+852-3150-6763

kelly.fung@pordahavas.com

Angie An

+852-3150-6736

angie.an@pordahavas.com

Kit Ng

+852-3150-6705

kit.ng@pordahavas.com

Victoria Huang

+852-3150-6731

victoria.huang@pordahavas.com  

Fax: +852-3150-6728

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Manufacturing Leadership Awards Open: New Categories Recognize Era of Connectivity, Big Data, and Mobility

MOUNTAIN VIEW, California, Aug. 21, 2014  /PRNewswire/ — Frost & Sullivan’s Manufacturing Leadership Council (MLC), announced today that the 2015 Manufacturing Leadership (ML) Awards nominations will open on Thursday, Aug. 21, 2014.

The ML Awards honor companies and individual leaders shaping the future of manufacturing.

The ML Awards honor companies and individual leaders shaping the future of manufacturing.

The ML Awards program has undergone significant enhancements including the addition of categories for manufacturers that are transforming their businesses through the use of emerging technologies, including big data and advanced analytics, mobility and the Internet of Things (IoT.)

In its eleventh year, the ML Awards is the premier program for honoring companies and individual leaders that are shaping the future of global manufacturing. In addition, the awards also honor technology providers that have assisted ML Awards winners in achieving transformational breakthroughs. They also celebrate the outstanding career achievements of manufacturing leaders who build best-in-class companies and help advance the manufacturing industry.

Recipients of the ML Awards receive global recognition as manufacturing industry leaders and are honored at the Manufacturing Leadership Summit, June 2-4, 2015, at the Omni La Costa Resort in Carlsbad, CA. Past ML Awards company honorees include 3M, Boeing Co., Coca-Cola, Eaton Corporation, Ford Motor Co., General Electric Co., General Motors Co., IBM, L’Oreal USA, Motorola, Nalco, and Raytheon.

“The addition of new categories for projects that leverage big data, mobility, and IoT is recognition that manufacturers around the world are entering a new era of hyper-connectivity in which everything from products in the field to machines on the shop floor will be generating vast streams of data,” said David Brousell, Global Vice President and Editorial Director of the Manufacturing Leadership Council. “Manufacturers that leverage that information to optimize their businesses and give customers what they want are tomorrow’s leaders.”

Also new in 2015, the ML Awards have added categories for manufacturers that are successfully attracting and developing next-generation leaders and creating breakthrough innovation practices. Manufacturers and their technology partners can submit ML Award nominations in the following categories:

2015 Project/Company Awards:

  • Big Data and Advanced Analytics Leadership
  • Customer Value Leadership
  • Engineering & Production Technology Leadership
  • Enterprise Technology Leadership
  • Internet of Things Leadership
  • Operational Excellence Leadership
  • Mobility Leadership
  • New Product Leadership
  • Innovation Process Leadership
  • Supply Chain Leadership
  • Sustainability Leadership
  • Next-Generation Leadership Award

2015 Individual Achievement Award:

  • Visionary Leadership Award
  • Lifetime Achievement Award

Full descriptions of these categories are available at: http://bit.ly/1kLyZxY.

ML Awards nominations will remain open until Nov. 1, 2014 and can be submitted online by describing achievements using a downloadable form. Nominees are entered into specific categories and evaluated by a panel of expert judges.

For more information on the MLC and the new 2015 Manufacturing Leadership Awards, including past ML Awards recipients, examples of completed nomination forms, and to download and submit nomination forms, visit: mlawards.gilcommunity.com.

About the Manufacturing Leadership Council

The Manufacturing Leadership Council, part of Frost & Sullivan, offers an integrated portfolio of leadership networking, information and professional development products, programs, and services for industrial executives worldwide. MLC’s mission is to help senior executives define and shape a better future for themselves, their organizations and the industry at large. MLC’s portfolio consists of the Manufacturing Leadership Council website, an online global business network; the Manufacturing Leadership Council, an invitation-only executive organization; the annual Manufacturing Leadership Summit conference; the Manufacturing Leadership Awards program; and the Manufacturing Leadership Journal. For more information, visit us at http://www.gilcommunity.com/groups/manufacturingleadership/.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation, including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

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Contact:
Jeffrey Moad
Manufacturing Leadership Council
P: +1.510.531.3456
F: +1.510.531.3456
E: jeffrey.moad@frost.com

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Frost & Sullivan: 4-D Printing to Usher in Age of Low-Labor, Fast-Paced Product Manufacturing

— The aerospace, defense, automotive and healthcare industries will lead in the adoption of this technology

MOUNTAIN VIEW, Calif., Aug. 21, 2014 /PRNewswire/ — Four-dimensional (4-D) printing develops materials that alter their properties and behaviors based on external stimuli such as changes in temperature. This advanced technology is poised to have a disruptive effect in multiple industries. In the near future, 4-D printing will revolutionize the business landscape by printing objects ranging from human organs to parts used in the aerospace and automotive sectors.

Frost & Sullivan

Frost & Sullivan

New analysis from Frost & Sullivan, Advances in 4-D Printing, expects the aerospace, defense, automotive and healthcare industries to be the first to adopt 4-D printing technology after its commercialization. Other industries will follow suit as the technology matures.

For complimentary access to more information on this research, please visit: http://bit.ly/1z2zgxs.

“4-D printing, an extension of three-dimensional printing, is superior to conventional manufacturing techniques in terms of performance, efficiency and quality, and can create new products with increased capabilities,” noted Technical Insights Research Analyst Jithendranath Rabindranath. “Unlike conventional manufacturing techniques, it facilitates self-assembly of materials required to manufacture parts and products, thereby speeding up the process and reducing the need for labor.”

Much work remains for market participants, as 4-D printing technology is in an early stage of development. Rapid prototyping technology has not yet been widely tested for large-scale applications and physical object manufacturing, and thus the validity of 4-D printing technology for such implementation scenarios has not been clearly demonstrated.

As with any new technology, the initial implementation cost of 4-D printing is an adoption hurdle. In cases where companies are willing to make this investment, product prices tend to be high in order to recover costs incurred and maintain profitability levels in the face of modest production volumes.

“After a few years of mass commercialization, the cost of employing 4-D printing technology will decrease, prompting several companies across a wide range of industries to integrate this technology into their manufacturing systems,” stated Rabindranath. “Uptake will also strengthen due to the positive funding environment, which encourages confederations, research laboratories, universities, startups and big market participants especially in North America to invest in R&D.”

Advances in 4-D Printing, a part of the Technical Insights (http://www.technicalinsights.frost.com) subscription, offers insights on nine dimensions of 4-D printing technology: year of impact, market potential, global footprint, IP activity, funding, breadth of industries, impact on megatrend, potential points of convergence, and size of the innovation ecosystem. Further, this research service includes detailed technology analysis and industry trends evaluated following extensive interviews with market participants.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion 
Join Us: Join our community 
Subscribe: Newsletter on “the next big thing” 
Register: Gain access to visionary innovation

Advances in 4-D Printing
D545-TI

Contact:
Ariel Brown
Corporate Communications – North America
P: +1 (210) 247.2481
F: +1 (210) 348.1003
E: ariel.brown@frost.com

http://www.frost.com
http://www.technicalinsights.frost.com

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Frost & Sullivan Applauds Parkmobile for Being One of the Largest Providers of Cashless Parking Systems in North America

— Parkmobile’s success stems not only from the depth of its services, but also its collaborations with other stakeholders

MOUNTAIN VIEW, California, Aug. 20, 2014  /PRNewswire/ — Based on its recent analysis of the mobile payment solutions market, Frost & Sullivan recognizes Parkmobile USA with the 2014 North American Frost & Sullivan Award for Company of the Year. In 2008, the Europe-based Parkmobile Group partnered with BCD Holdings and Fontinalis Partners to create a new North American subsidiary, Parkmobile USA. In just four years, the company replicated its success in Europe by establishing footprints in 37 American states, Australia, New Zealand, and Canada.

Click here for the full multimedia experience of this release – http://bit.ly/1AbBz3E

Parkmobile is a leader in innovative and comprehensive mobile payment solutions provider in the parking industry. Parkmobile’s leadership in mobile payments for parking is evidenced by over 600 successful implementations throughout the U.S., Canada, Australia and New Zealand. In addition to its mobile payment solution, Parkmobile also offers a permit management system, a parking reservation system, a centralized parking management database and an extensive reporting platform.

“Parkmobile’s first-of-a-kind mobile payment system allows motorists to pay for parking through an application on their phone. It eliminates the need to carry change, predict the length of stay, or repeatedly feed the meter to keep a parking session active,” said Frost & Sullivan Industry Analyst Neelam Barua. “It even has a unique alert system that sends reminders 15 minutes prior to the expiration of a parking session, allowing the session to be extended remotely.”

Parkmobile USA’s services are used in airports globally, universities in the U.S., by private operators, municipalities, stadiums, hospitals, and other establishments. Its value propositions in cities include dynamic pricing, a central parking rights database, and the enabling of Big Data and holistic approaches, which mitigate congestion and CO2 emissions.

Parkmobile USA leads the market in presence and breadth of technology scope (apps, connected vehicles, interoperability, and reserved parking systems). The company has associated mobile payments for on and off-street integration, dynamic/demand-based pricing, and guidance for available parking in real time based on business analytics. It is also involved in congestion-charging solutions based on CO2 emission standards as part of a comprehensive parking and traffic strategy.

Its cutting edge mobile payment solution encompasses global positioning systems (GPS), quick response (QR) codes, near field communication (NFC), enhanced mobile apps (iOS, Android, Windows 7 and 8, and RIM), interactive voice recognition (IVR), and the Internet. Parkmobile USA’s open architecture (.net) enables seamless interface via application payment interfaces (APIs), as the system is based on a service-oriented architecture.

Parkmobile has taken its solution a step further by working with major automotive manufacturers to migrate the Parkmobile mobile payment experience into “connected cars” offering the ability to locate, drive to and pay for parking all through the car without the need for a mobile phone.

“Simpler integration with current as well as legacy systems, meter and enforcement equipment manufacturers and major credit card processing platforms makes Parkmobile the most innovative mobile app platform for parking payments solutions,” noted Barua.

Parkmobile USA is more than twice as large as its combined competition in the U.S. in terms of spaces, members, and transactions. More than 3 million members have signed up for Parkmobile in the U.S., of which 2 million members have downloaded the company’s apps, making it the most widely used mobile payment solution in the parking industry.

Since 2008 the company’s foray into the parking industry has led to more than 50 significant partnerships in the parking eco-system. This includes associations with smart parking companies like Streetline; the multi-space parking solutions provider, Parkeon; and an innovative leader in multispace electronic pay stations, Digital Payment Technologies. Recent additions of new and emerging payment options, such as PayPal and the Parkmobile Wallet, demonstrate Parkmobile’s innovation and level of engagement in the industry.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in terms of growth strategy and implementation. The award recognizes a high degree of innovation with products and technologies and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Parkmobile USA

Parkmobile is the leading provider for on-demand and prepaid mobile payments for on- and off-street parking. Their services are used in more than 600 locations in the U.S. by millions of registered users. Parkmobile’s investors include Fontinalis Partners and BCD Group. Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on Next-Generation Mobility. With annual global revenues of $24 billion, including $9.2 billion partner sales, BCD Group is an international market leader in corporate and online travel and off-airport and mobile parking industry. For more information please visit www.parkmobile.com, facebook.com/ParkmobileUSA or on Twitter @Parkmobile.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the Global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Contact:

Mireya Espinoza
P: +1.210.247.3870
F: +1.210.348.1003
E: mireya.espinoza@frost.com

Tina Dyer
P: +1.770.818.9036 Ext. 201
E: tina.dyer@parkmobileglobal.com

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