Quest Solution Launches AI-Based Smart Ticketless Parking Solution in the U.S.

Quest Solution, Inc., (“Quest” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, today announced the U.S. launch of its AI-based Machine Vision Automatic Vehicle Recognition solution for the full automation of ticketless “smart” parking services.

The Quest technology, coupled with a parking service platform, enables drivers of registered vehicles to find and pay for parking before a trip or while travelling. Any driver or car registered on a parking service network that accesses a lot or garage powered by Quest’s Artificial Intelligence Vehicle Recognition System (VRS) technology solution will automatically be recognized as an authorized user of the parking service and the driver won’t need to open an app, show an ID or physically pay for a ticket. The Quest technology creates a convenient, fast and effortless way for drivers to access and pay for parking.

Quest is already implementing this solution in Israel and the Company expects to begin piloting this technology on the West Coast of the United States during spring 2019 and intends to continue the rollout to thousands of parking locations over the next year. Registered users across the U.S. and Canada will have access to the transactional parking network through web-powered parking reservations that offer drive-up, effortless parking.

Quest, thorough it’s fully owned subsidiary HTS, is a leader in providing proprietary patented Artificial Intelligence – Machine Learning Based Vehicle Recognition Systems including LPR (License Plate Recognition) and recently announced Color, Make and Model capabilities.  In addition to Parking Automation, HTS provides its unique solutions for use in Safe Districts for anti-terrorism and law enforcement, Safe and Smart City projects, School Safety, Secured Facilities, Logistics Centers, Seaports and others which operate using installed cameras and computers to capture and decipher license plate data as well as vehicle color and make.

Shai Lustgarten, CEO of Quest, stated, “Quest is a proven provider of innovative AI Technology for the automation of parking, homeland security and law enforcement applications and we’re excited to have this opportunity to introduce further innovation to the multi-billion dollar Smart Parking market.  We believe our solution, when combined with parking service platforms, has the potential to impact the parking industry similar to the way Uber transformed transportation alternatives and Open Table innovated the restaurant business. Smart parking will revolutionize the way drivers can find and access available parking and Quest’s VRS capabilities will make it faster and easier for registered users to park and pay by eliminating the need to stop to make a payment upon arrival or exit from a parking facility.  Quest’s Machine Vision solutions are currently being used at several U.S. airports including JFK, La Guardia, Newark, Miami, Dulles, DFW and many others. We’re excited to be pioneering the introduction of technology that enables the smart parking revolution.”

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