Press release

TIBA Parking Launches the X60 Line of Parking Equipment, Transforming and Modernizing Off-Street Parking Operations

Sponsored by Businesswire

In response to parking operators’ and owners’ demands to modernize their
operations, increase revenue and profitability, and a global shift
towards increased security initiatives, TIBA is launching its’ new X60
family of lane and payment equipment, as part of the “Engaged Parking
Experience” product line. The suite will be displayed at the IPMI
Conference & Expo and includes new lane and payment equipment, cloud
solutions for PARCS management, a new mobile-based platform for digital
operators, and a cross-brand parking intelligence service. These new
solutions will allow operators to reduce overall operational costs,
increase efficiency, simplify installation and serviceability, and
increase security of systems.

TIBA’s new X60 hardware family, to be unveiled at IPMI, is part of the
Engaged Parking Experience. Designed around a completely new
parking-specific processor, the new hardware is highly secure,
exceptionally fast, and with the largest transaction storage volume. The
X60 uses native TCP/IP communication, but can also support Rs485
protocol allowing a complete mix-and-match between TIBA’s current
hardware line and the new hardware family, protecting TIBA’s customers’
investment. The extra-large touch screen allows for a sophisticated user
interaction with dynamic rate displays, multiple payment options, and a
personalized experience. The X60 provides a ticketless, frictionless
experience but has the capacity to hold the largest ticket roll in the
industry. A built-in pin-hole camera and VoIP intercom complete the
engaged experience.

The new X60 family, with its modern and up to date processor-based
technology, is the fastest and most secure system in the market. The
design facilitates installation, maintenance and repair, and with
separate compartments for installers and operators to further protect
the systems from accidental tampering. The X60 line supports a multitude
of credential readers and sensors, with a customizable faceplate and an
extra-large multifunctional display. A modern look and feel, and a
smaller footprint give the systems a refined appearance. As with all
TIBA systems, and based on our 30 years of filed experience, the new
hardware is stainless steel providing durable weather resistance and

“As parking operators and drivers enter the new age of connected
parking, they expect new systems to fulfill these requirements without
having to massively replace the existing install base. TIBA’s mix and
match solution, where equipment from different generations can easily
coexist, allows our customers and operators to safely transition from
existing systems to newer generation solutions and benefit from the new
engaged parking experience,” said Moshe David, CEO of TIBA. “We provide
the tools for our customers to be efficient, competitive, and modern.”

“We are excited about the opportunity to expose TIBA’s new hardware
family to our customers,” said Barry Lazowski, Founder and COO of
Control Systems, Inc. “As a Value-Add Reseller, we have been asked by
customers to provide new and improved solutions without the need to
change their entire existing infrastructure. We are excited that TIBA
not only listens to their partners and customers, but also acts
positively on their demands. This new product family is a game changer!”

About TIBA Parking Systems: For 30 years, TIBA has provided
innovative solutions for the parking market, resulting in reliable,
user-friendly products that lower the price of initial acquisition and
the cost of ongoing maintenance. TIBA has successfully implemented this
through a focus on software development, while continuing to enhance and
support its reliable hardware platforms. This allows owners to keep the
capital investment down while still enjoying the latest software
functionality. With extensive global experience, TIBA’s robust, scalable
architecture enables parking operators to keep pace with the latest
trends in centralized operations, automated smart facilities, web
reservations and mobile payments. TIBA’s flexible software grants
parking operators to be IoT-connected and leverage big data to increase
revenue. TIBA’s agile integrations with third party systems empower
parking operators to be an integral part of the growing Smart Cities

TIBA serves parking operators and owners globally, across diverse
industries such as hotels & hospitality, airports, universities,
shopping centers, hospitals & medical centers, and local, state &
federal governments. For more information about TIBA Parking Systems,