EANS-News: Hoeft & Wessel subsidiary Metric supplies 135 parking machines to Hoboken, New Jersey

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Government Contracts

Subtitle: Leading car parking kiosks manufacturer becomes a
well-known player in the U.S.

Swindon, UK, 18/08/2011. (euro adhoc) - Metric Parking, a subsidiary
of Hoeft & Wessel Group, which has been producing machines for the
parking industry for over 30 years, has just been awarded a contract
with the U.S. city of Hoboken, NJ, to supply 135 car parking ticket
machines. After a successful pilot project last year of 10 machines,
the city saw a 30 per cent increase in revenue and additional parking
spaces. These spaces were created by moving from the traditional
single space meters to pay and display. Hoboken found that they are
fitting two to three more cars on a given block. Nearly half of all
transactions are cash less using credit cards. Additional revenue was
captured that was previously lost to broken meters.

The city of Hoboken with more than 50,000 inhabitants is located
close to New York. Installation work is scheduled to begin in a few
weeks´ time. The new parking kiosks of the Metric´s proven Aura model
are solar powered and equipped with different payment options.
Customers can pay in cash with coins, using debit or credit cards,
and chip cards based on RFID technology. A payment by phone service
can also be installed at a later date.

Last year, Metric completed the installation of more than 1,000
parking kiosks with comprehensive back-office software in the
U.S.-city of Philadelphia. With its subsidiary in Mount Laurel, NJ,
Metric has established itself in the U.S. as a well-known supplier of
modern car parking kiosks. Its headquarters are in Swindon, UK, to
the west of London. Metric have installed more than 60,000 parking
machine in over 45 countries worldwide.

www.metricparking.com
www.metricgroup.co.uk
www.hoeft-wessel.com

Media section with photos:
http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

The Company The Hoeft & Wessel Group is the leading IT and
engineering technology Group for ticketing, parking and mobile
solutions in Germany and Great Britain. Established in 1978 by the
two entrepreneurs who gave the company its name and listed on the
stock market since 1998, the enterprise has developed into a group of
companies with sales revenues of nearly EUR 100 million and a
workforce of 500 employees. Its main locations are Hannover, Germany,
and Swindon, UK, to the west of London.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

end of announcement euro adhoc
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company: Höft & Wessel AG
Rotenburger Str. 20
D-30659 Hannover
phone: +49-511-6102-0
FAX: +49-511-6102-411
mail: ir@hoeft-wessel.com
WWW: http://www.hoeft-wessel.com
sector: Technology
ISIN: DE0006011000
indexes: Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English