Thus, in addition to being a comprehensive smart parking solution, the IP video-imaging system in combination with the PGS also acts as an accurate, real-time surveillance monitoring solution for the client. The software, equipped with multiple features, further allows for dynamic reporting and periodic analysis of the operational data that help users to improve situational management, manage revenues, and take better business decisions.

“Equipped with “Deep Learning” algorithms, our core video analytics engines including the license plate recognition improve the recognition rates continually based on the past data to drive better performance, also our main goal is to evolve with a new technology which is more efficient, profitable, and sustainable,” remarks Lee Sang Joon, CEO, Nexpa System. Jay H. Yu, EVP of the company, adds that such high competence of the system has improved the license recognition success to about 99 percent and has driven a higher overall satisfaction for both the firm’s customers and vehicle owners. For instance, Nexpa’s platform vastly improved the parking management, security surveillance, and parking service at the Changi International Airport (Singapore, ranked number one at the 2017 World Airport) which was hamstrung by the usage of previous-generation ultrasonic sensors for parking guidance. For an individual vehicle owner, the system made it easy to search parking slots, park cars faster, and avoid accident-related worries.



The solution’s value proposition lies in the integration of sensing, surveillance, and analytical capabilities, and consolidating them further underlines Nexpa’s future plan. The CTO of the firm, JS Kim says, “In the near future, our solution would be able to recognize vehicles by their color, shape, and manufacturer details and the information analysis would be entirely automated.” Nexpa is also betting big on the autonomous parking in connection with connected cars and cloud-based operation platform. In future, the parking is not our job any more, and leaving the car in front of the destination will be enough. The auto parking solution will remove the tiresome task of waiting and help to use the space more efficiently parking much closer. Furthermore, the entire parking management software will be operated based on the cloud platform that allows easy installation, maintenance, and reduction of costs, and will also be one of the structure for big data.

Recently, Nexpa launched its new omni-directional IP camera sensor solution using fisheye lens to propose much cost effective system to the customer and help facilitate smart parking in the cities throughout the World that provides car detection, license plate recognition, 360-degree surveillance, and other features at much lower costs.