Wednesday 3rd March 2021

Urbiotica adopts Fastprk as global brand for its smart parking product line

Published on February 19th, 2021

Nearly a year after acquiring the Fastprk brand from Worldsensing, Urbiotica has decided to use it as the umbrella brand for its smart parking product line. Fastprk will from now on include all the products and solutions offered by Urbiotica in the Smart Parking sector.

Consequently, the products acquired in last year’s operation have also been renamed:

  • Fastprk DUO becomes U-Spot DUO, completing the single space detection sensors range together with U-Spot 2.0 and U-Spot M2M
  • Fastprk LoRa gateway is renamed U-Box LoRa, product recently brought up to date with a brand new 4G version.

According to Marc Boher, CCO of Urbiotica, “We have already launched the integration of the products acquired last year in our software platform U-Admin. Starting with the business tools available from now on, we’ll allow all our customers to make the most of the latest developments, such as the parking enforcement software.

We will progressively homogenise all the tools used along a project lifetime to keep on offering the most complete and powerful Smart Parking solution in the market, from both hardware and software point of view.”

These developments also include the possibility to connect other parking sensor technologies to the U-Admin platform. This enables customers with previous Smart Parking sensors deployments to be able to convert to Fastprk technology, without losing their previous investments.

The new brand comes along with an evolution of the company’s strategy. Urbiotica will focus entirely on the smart mobility sector and will leave aside the other smart city business lines. According to the report published by Allied Market Research, the global smart mobility market is estimated to reach $70.46 billion (€58.05 billion) by 2027, registering a CAGR of 20.2% between 2020 and 2017.

Josep Maria Torras, CEO of Urbiotica concludes, “The growth of the company is already ensured by our Smart Mobility solutions. It is a natural step forward for us to let go the other solutions we have developed in the past to focus 100% on what our customers are expecting from us in that area.”

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