License Plate Recognition (LPR) is set to become the next big parking trend in Malaysia, thanks to its powerful digital transformation capabilities. TimeTec LPR stands out with its array of advanced features, including a visitor management system, promo code support, an advertisement hub, a payment gateway, eWallet integration, and compatibility with third-party apps etc. Moreover, its exceptional accuracy rate of up to 99.8% makes it the most sought-after LPR parking system in the market.

TimeTec LPR can be applied for season parking and casual parking, both managed in the same TimeTec Parking Management System (PMS) as the backend cloud platform. The system integrates with local payment gateway and extends to valet parking and many other parking requirements.

In general, TimeTec License Plate Recognition (LPR) technology offers several benefits when used in a smart parking system. Here are some of the advantages:

1. Seamless & touchless parking experience: TimeTec LPR achieving touchless experience by auto-uplifting barrier gates at the in-and-out parking lanes, or parking owners may consider realizing a barrierless parking environment, eliminating the need for physical tickets or access cards, making the parking experience more convenient and user-friendly.
   

   

2. Cashless payment: TimeTec LPR links with payment gateway or e-Wallet to achieve cashless parking fee payment. If it integrates with eWallet, it will eradicate the tedious intermediary parking payment, and direct deduct from the user’s eWallet, which would be the irrevocable trend. TimeTec LPR also offers 3-in-1 cashless payment kiosk to support Touch ‘n Go, credit and debit card payment at the exit lane as the payment backup.

3. Video parking guidance: TimeTec LPR extends its license plate recognition to Video Parking Guidance System (VPGS) to save time by guiding visitors to the available parking bays in a large parking site such as shopping mall, embedded with “Find My Car” feature.

   

4. Enhanced security: TimeTec LPR systems can help enhance parking security by immediately alerting authorities or parking staff in case of unauthorized or suspicious vehicles entering the premises. It enables real-time monitoring and identification of vehicles, providing an added layer of security.

5. Improved enforcement: TimeTec LPR assists in enforcing parking rules and regulations effectively. It can automatically detect vehicles that exceed their allotted time limits, violate parking restrictions, or have outstanding fines. This allows for automated issuing of parking violations, reducing the need for manual enforcement and increasing compliance.

6. Increased revenue generation: TimeTec Smart parking systems with LPR capabilities can help increase revenue for parking operators. By accurately monitoring parking durations and enforcing penalties, it reduces instances of unpaid or extended parking, ensuring fair utilization of parking spaces and maximizing revenue collection.

   

7. Next activities and integration with other systems: TimeTec offers more than 18 cloud solutions, TimeTec LPR can be plugged in as the digital gateway for TimeTec i-Tower super app for commercial buildings or TimeTec i-Neighbour super app for residential buildings, to fulfill smart township requirement. It can be seamlessly integrated with other smart systems for example shopping mall app, smart hospital app etc. to enable a more connected and streamlined parking and property management ecosystem, allowing users to easily access and pay for parking, reserve spaces in advance, integrated EV charging station or receive real-time visitor notifications or parking availability, advertisement popup etc.

Overall, TimeTec LPR or License Plate Recognition in smart parking systems offers improved efficiency, security, enforcement, user experience, revenue generation, and data analytics, making it a valuable tool for modern parking management. For parking or building owners that adopt TimeTec LPR System, they will get TimeTec Attendance and Leave Management System to manage their parking operation staff. Besides, TimeTec uses TimeTec Field Maintenance System to provide a better after sales service and improve traceability of technical support.

For extended reading, please refer to: Malaysian Parking Trends in 2023: https://www.malaysiakini.com/announcement/648877

For more information, please visit our website at https://timetecparking.com or TimeTec official website at https://timeteccloud.com.

Contact Mr Kelvin Lim, Sales Manager, at [email protected] (012-689 1180) or Mohd Rashid, at [email protected] (017-298 2464) for smart parking system presentation and demonstration appointments. You may also call 03-80709933 general line or write to [email protected] for more information.

Interest Form: https://www.timetecparking.com/interest_form

About TimeTec
TimeTec Group was established in 2000. Over 20 years, the Group had developed three homegrown globally recognized IT brands, FingerTec, TimeTec and iNeighbour, for workforce management, security, smart office, smart residential and smart township solutions by unleashing of the power of biometrics, cloud & edge computing, IoT and AI technologies. All these solutions connect and change the landscape of work life and home life in a larger ecosystem. Through a vast network, TimeTec Group distributes its biometric hardware products and 18 cloud applications, including IoT devices, to more than 150 countries worldwide. Visit our company websites at www.timeteccloud.com 

Various renowned clients have subscribed to TimeTec various solutions including IOI Properties, Putrajaya Holdings, Ibraco, Binastra, Thriven, Hock Seng Lee, QSR Brands, Central Sugars Refinery CSR, Sunway Constructions, Mamee, Nano Malaysia Berhad, and many more. The versatility and feasibility of TimeTec products also attract various international customers from all over the world, including Hong Kong, Dubai, Australia, South Africa, etc.

This content is provided by TimeTec