Business Summary

Smart Parking Limited is an Australia-based company engaged in the design, development, and management of parking technology. The Company's segments include Parking Management, Technology, and Research and Development. The Parking Management segment is engaged in the provision of parking management solutions, predominantly servicing the retail sector, managing agents and landowners in the United Kingdom. The Technology segment includes sale of Smart City and Internet of Things (IoT) technology, hardware, and software predominantly for parking solutions around the world. The Research and Development includes costs to research, develop and improve Smart City, IoT and automatic number plate recognition (ANPR) software/hardware for both the Technology and Parking Management segments. The Company's Smart Parking mobile application is designed to help direct motorists to available parking spaces, advise of car park conditions and tariffs, and utilize contactless payment.