www.parkassist.com Why They Purchased Demand for Dynamic Pricing: Handling the different types of parking users in a mixed use development has traditionally required ‘nested’ parking areas within the facility, controlled by inflexible barriers and access cards. The M3 System ability to monitor every space in a facility permits the parking area to be free of internal divisions, leading to further reduction in the number of parking spaces built. At the heart of this capability is license plate recognition (LPR) – every parked vehicle is identified uniquely by its plate number. Using this knowledge the M3 System simplifies operations by assessing every parked vehicle against policies specific to that parking location, which can include pricing, time restrictions, and loca

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