Park Point Tech Software Solution Set to Launch in September 2025

ERBIL, IRAQ — Park Point Tech, a subsidiary of HARKO GROUP, has announced the upcoming launch of its innovative smart parking management solution, scheduled for release in September 2025. The announcement was made during a press conference at HARKO GROUP headquarters in Erbil.

Revolutionary Parking Management

The new software solution leverages cutting-edge technologies including artificial intelligence and Internet of Things (IoT) to transform how parking facilities are managed and utilized. The platform is designed to address the growing challenges of urban mobility and parking inefficiencies in major cities.

"Our solution represents a significant advancement in parking management technology," said Ahmed Mustafa, CEO of Park Point Tech. "By combining AI-powered analytics with real-time monitoring capabilities, we're offering facility managers and city planners unprecedented control and visibility over their parking assets."

Key Features and Benefits

The comprehensive platform includes several innovative features:

• Real-time occupancy monitoring - Track available spaces across multiple locations
• Automated payment processing - Contactless and frictionless payment options
• License plate recognition - Enhanced security and access control
• Predictive analytics - Optimize pricing and capacity based on historical data
• Mobile app integration - Allow users to find and reserve parking spaces
• Comprehensive reporting - Generate insights on usage patterns and revenue

Market Impact

The global smart parking market is projected to reach $11.5 billion by 2025, according to industry analysts. Park Point Tech aims to capture a significant share of this growing market, particularly in the Middle East and North Africa regions where rapid urbanization has created increasing demand for smart city solutions.

Initial pilot programs in select locations have shown promising results, with parking facilities reporting a 30% increase in efficiency and a 25% boost in revenue after implementing the technology.

About Park Point Tech

Established in 2023, Park Point Tech specializes in developing innovative solutions for smart city infrastructure with a focus on mobility and parking management. The company is part of HARKO GROUP's growing portfolio of technology and infrastructure companies.