Video-analytics technology for smart parking solution

NEXPA System Co., Ltd. is a leading company specializing in smart parking and traffic law enforcement solution provider with its proprietary video-analytics technology. The company was founded in February 2004 in Seoul, South Korea.

NEXPA’s company vision is to enhance the customer's user experience and improve the quality of life for people living in cities around the world by smart traffic and car parking management solutions.

What NEXPA Technology applicable to smart parking solution

·        Video-Analytics Technology

·        Cloud Computing Technology

·        Next Vision Technology

NEXPA Video-Analytics Technology

NEXPA’s leading video-analytics technology is based on machine-learning algorithms. In the car park, it detects the approaching cars and recognizes the license plate number of moving/static vehicles. It also tracks them automatically. Currently the accuracy level of license plate recognition continuously increases close to 99% by accumulating data. The recognition speed is within 0.8 seconds.

Furthermore, NEXPA now is working on the recognition solution to tell vehicle color, shape, and manufacturer using video-analytics technology. NEXPA is constantly struggling for delivering technological innovation to enhance the parking experience for both car park customers and administrators also to increase the quality and reliability of the solution. licence plate recognition system

NEXPA Cloud Computing Technology

The traditional physical server is already moving toward a cloud server. In the not distant future, cloud computing services will be inevitable to live in a smart city with internet-quality development. It will make it easy to access the program from every place. NEXPA is currently working on preparing a cloud-based car park operation platform for the future social environment.

NEXPA Next Vision Technology

The autonomous car parking guidance is the most advanced future parking solution in development by NEXPA. The concept is linked closely to the development of the connected car. The existing solution transfers the signal and data to the central operation platform and displays the related information to guide drivers. Road security System solution

However, the state-of-the-art future solution will guide vehicles directly transmitting the analysis data to the connected car in real-time. The solution will help the autonomous car to reduce the time to search for the available parking lot and to stay safe. The benefits of the solution are its much higher efficiency and convenience for a better quality of life.