Arlington County's eXactpark Solution Wins Smart 20 Award

WATERLOO, Ontario, May 09, 2024 (GLOBE NEWSWIRE) – eleven-x®, a pioneering firm in smart city solutions, has today announced a significant triumph for their eXactpark system, an avant-garde smart parking and curbside management platform developed for Arlington County, Virginia. In a recent turn of events, the project has been decorated with the prestigious Smart 20 Award by Smart Cities Connect, acknowledging the innovation and impact this initiative has had on the community's parking and traffic management.

The Genesis of eXactpark

The journey of eXactpark began with the precise requirement of addressing the ever-increasing complexities of urban parking and vehicle flow control. With urbanization at its peak, the need for a system that would proficiently manage parking and curb space, while simultaneously reducing traffic congestions and enhancing user experience, was paramount. In response, eleven-x® stepped up with a solution – eXactpark – which utilizes cutting-edge technology to provide real-time data and analytics for parking management.

How the eXactpark System Operates

The eXactpark system is embedded with sensors and employs IoT (Internet of Things) to collect and transmit data concerning parking space occupancy. This collected data is then processed to ensure optimal parking space utilization, improve traffic flow, and cut down on the time spent by drivers searching for parking – a common cause of urban congestion. By introducing a performance-based pricing strategy, Arlington County could effectively manage demand for parking spaces in high-traffic areas.

The Smart 20 Award: A Recognition of Excellence

The Smart 20 Award, granted by Smart Cities Connect, is a testament to the innovative spirit and practical impact of eXactpark. The award ceremony brings into the limelight those projects that embody the smart city principles of integration, sustainability, and collaborative governance. This accolade reinforces eleven-x®'s position as an influential player in the sphere of smart city advancements, recognizing the company's role in developing cutting-edge, scalable solutions for urban management challenges.

Implications for Stakeholders and Investors

For investors and stakeholders EXAMPLE, this achievement by eleven-x® implies not only recognition of the company's innovative prowess but also the potential for significant growth in the smart city technology market. As urban areas continue to explore technologies that can streamline city management and improve living standards, companies positioned at the forefront of such developments can expect a surge in interest and investment.

Innovation, Technology, Urban