on Route1 Inc. (CVE:ROI)
Route1 Secures Major US Parking Management Client
Route1 Inc., based in Toronto, has announced a significant addition to its client base. A major privately-owned parking management firm in the United States has adopted Route1's Actionable Business Intelligence (ABI) software for five end users. This move is set to increase Route1's annual recurring revenue from ALPR user support plans and software applications above the USD $1.2 million mark.
The ABI software is designed to provide parking professionals with a comprehensive overview of operations through a single interface. This tool leverages advanced analytics to identify revenue opportunities, optimize curbside utilization, and offer detailed insight into parking metrics, including occupancy rates and compliance.
Route1 plans to release version 3.5 of its ABI software by the end of September, which will incorporate integration with parking ticket systems to further enhance transparency and economic opportunity analysis.
R. E.
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