SOURCE: Unitronics

January 24, 2008 08:30 ET

Unitronics Unveils Largest Automated Parking Garage in U.S.

Hoboken Automated Parking Facility Generates Revenue for City, Solves Parking Shortage Problem & Greatly Conserves Energy

QUINCY, MA--(Marketwire - January 24, 2008) - Unitronics®, providing twenty years of excellence in automated solutions, today announced its completion of the Hoboken, New Jersey, 916 Garden Street automated parking facility. Frank Sinatra's hometown can now proudly claim to have a large and sophisticated automated parking facility.

"As expected, Unitronics successfully delivered on its promise -- the garage's technology infrastructure is now running very smoothly to the point where we are now able to operate it independently," said John Corea, Executive Director, Parking Utility, City of Hoboken. "The parking facility is a win-win situation for both the City and its citizens. Hoboken now has an additional source of revenue and the residents are pleased to have a good solution that helps to improve the parking availability in the city."

The City of Hoboken selected Unitronics to retrofit the 314 parking space facility because of its expertise in providing automated technologies and solutions for global leaders. The company's proprietary P2™ Automated Parking solution was implemented into the garage and is now responsible for enabling the City to operate the facility automatically and independently.

By adapting the technology of automated logistics and warehousing, Unitronics P2 Automated Parking solution leverages computer-controlled (via a centralized software system) motorized vehicles such as lifts, conveyors and shuttles to transport passenger cars from the arrival level to a parking space and vice versa, without human assistance.

"Due to the current energy and fuel crisis, as well as the subprime housing catastrophe, there is a sudden rise of citizens moving from the suburbs to more densely populated urban cities. As a result, automated parking solutions in these overcrowded cities are needed more than ever before," said Haim Shani, Chief Executive Officer, Unitronics. "As with the Hoboken project, we are committed to continuing to build superior automated parking facilities in the U.S. market that are cost-effective and very beneficial for citizens, create a new revenue stream for local governments, and help to reduce the amount of fuel being used, thus conserving energy to ensure a greener environment and contribute to solving the fuel/gas crisis."

About the City of Hoboken, New Jersey

Hoboken (est. pop. 40,000) is located on the west bank of the Hudson River across from Manhattan, New York City. The Mayor of Hoboken, Mr. David Roberts is dedicated, socially conscious and cares deeply about improving the quality of life for current and future Hoboken residents. For further information see the City of Hoboken's website:

About Unitronics

Unitronics® is a global company, which designs, develops, and produces Automated Parking Solutions, Automated Warehouse Logistics and Automation Products. Unitronics P2™ Automated Parking Solutions implements reliable, field-proven technology that multiplies the parking capacity of conventional ramp-style garages. For additional information visit:

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