Posted in | News | Consumer Robotics

Boomerang Systems to Collaborate with Paramount Group On West Coast Project

Boomerang Systems, an innovator and producer of automated robotic parking and self storage systems, recently declared that it has achieved a supply contract for its innovative RoboticValet Parking System in a U.S. west coast’s multifamily residential project.

Located in New York City, Paramount Group is a private company with excellent expertise in all the categories in real estate. Paramount was founded in 1968 and includes 13 M sq.ft., of Class A space in the major cities of U.S.

Based on Boomerang's RoboticValet system, the Paramount project focuses on underground construction of a 256 space fully-automated robotic parking garage. Boomerang's solution-based parking garage construction requires only a small space compared to that needed for constructing conventional self-park ramp garage, thereby expediting the construction timeline with reduced excavation volume. Boomerang’s solution brings overall improvement in the project’s cost-efficiency.

According to Boomerang Systems’ CEO, Mark Patterson, collaboration with Paramount on this project will enable the company to have more contracted projects from the west coast. By establishing a partnership with renowned and expertise real estate firm like Paramount Group, Boomerang can be assured of improving the developer's margins, company’s position in the market and distribution of automated parking solutions to its end-users.

Boomerang Systems is based in Florham Park, NJ, and has design, research, testing and production facilities in Logan, UT. The company intends designing, engineering, producing, deploying and commercializing its proprietary array of fully automated self-storage systems and fully automated parking systems.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Choi, Andy. (2019, February 20). Boomerang Systems to Collaborate with Paramount Group On West Coast Project. AZoRobotics. Retrieved on November 07, 2024 from https://www.azorobotics.com/News.aspx?newsID=2669.

  • MLA

    Choi, Andy. "Boomerang Systems to Collaborate with Paramount Group On West Coast Project". AZoRobotics. 07 November 2024. <https://www.azorobotics.com/News.aspx?newsID=2669>.

  • Chicago

    Choi, Andy. "Boomerang Systems to Collaborate with Paramount Group On West Coast Project". AZoRobotics. https://www.azorobotics.com/News.aspx?newsID=2669. (accessed November 07, 2024).

  • Harvard

    Choi, Andy. 2019. Boomerang Systems to Collaborate with Paramount Group On West Coast Project. AZoRobotics, viewed 07 November 2024, https://www.azorobotics.com/News.aspx?newsID=2669.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.