MPS Leads the Smart Parking Industry with Patented Innovations

Austin, TX-based Municipal Parking Services (MPS) is redefining the parking industry by deploying its revolutionary patent-protected parking payment and enforcement solution in parking lots and garages, helping operators optimize their operations and provide a frictionless parking experience for consumers.

Since 2013, MPS has made a commitment to developing cutting-edge technology and prosecuting patents to protect its intellectual property. The parking industry is in the early stages of automation. The $27 Billion market is experiencing mass adoption of automated, remote monitoring and enforcement solutions – spearheaded and dominated by MPS through its patented AI-driven enforcement technologies. MPS technologies enable commercial property owners to harness tens of billions of dollars in incremental income, expanding the overall paid parking market by 3-4x within 5-10 years.

MPS’s global portfolio of 47 patents and many additional pending patents secure its market leadership. This extensive patent portfolio leaves competitors with no practical ways to automate enforcement without risking infringement of MPS’s patents. MPS’s patents cover key aspects of automated parking management and enforcement, including automated detection, recording images, time stamps, the identifications of vehicles upon entering and leaving parking facilities. MPS’s patents include the automated determination and collection of parking payments, coupled with the automated determination of parking violations and issuance of violation notices.

These innovations empower parking operators and municipalities to increase revenue by 30-50% while reducing operational costs through automation and increased efficiency. MPS’s patented technologies are reshaping the parking landscape, offering seamless solutions that include:

• Automated Enforcement: AI-powered monitoring that ensures accurate and reliable payment compliance and violation detection.
• ⁠Cost-Effective Deployment: MPS’s technology eliminates the need for expensive equipment and costly on-site personnel allowing for optimization of up to $100,000 annually or more.
• ⁠Revenue Optimization: Automated 24/7 monitoring and enforcement drives increased payment compliance and violation capture, significantly raising Net Operating Income (NOI) unlocks billions in incremental income for property owners while expanding the paid parking market by 3-4x within a decade.

MPS is driving industry adoption through licensing agreements with the nation’s largest lot and garage operators. Its patented technologies position MPS as a leader in the parking and mobility space. To protect its innovations, MPS is actively engaged in federal litigation to defend and strengthen its patent portfolio.

As automation in parking gains momentum, MPS stands out as a true innovator offering a next-generation parking solution.

About Municipal Parking Services (MPS)

Founded in 2013, Municipal Parking Services Inc. (MPS) is an innovative technology company providing smart, internet-connected parking solutions and cloud-enabled parking compliance services to cities, municipalities, and university systems across North America.