A SHENZHEN-BASED company has launched a wireless cloud parking system, which is the first of its kind in China, the Southern Metropolis Daily reported yesterday.
The company, called Epai IoT Technology, was founded by a 31-year-old entrepreneur named Tian Longqiang.
Tian was born and raised in Hubei Province. After studying automation at Huazhong University of Science and Technology asics gel saga australia , he was recommended to the Shenzhen Institute of Advanced Technology of the Chinese Academy of Sciences for postgraduate study in 2007.
Tian worked at ZTE for two years following graduation from the institute, mainly selling the company鈥檚 security products to Southeast Asian countries.
After resigning from ZTE, he founded an IoT (Internet of Things) company in 2014, but the company didn鈥檛 grow very well as it had focused too much on developing technologies instead of tapping the market.
In 2016, Tian founded Epai IoT Technology asics gel respector australia , a company specializing in developing smart parking systems. The wireless cloud parking system makes car parking easier by using IoT technology and big data.
The company鈥檚 target customers are mid-to-low-end parking lots, which make up 80 percent of the market share. 鈥淚 have secured deals with five franchisers since June. Our franchise network is expanding nationwide,鈥?he said.
Most of the company鈥檚 core team members joined the team when Tian founded the first company. Although the first company鈥檚 business model didn鈥檛 work very well, Tian and his team members have learned a lot from their previous experience.
Seven government departments in Shenzhen jointly issued a guideline for the construction of parking facilities in the city Oct. 11. The guideline mentioned that nearly one-fourth of all parking lots in Shenzhen still rely on manual toll collection systems.
According to the guideline, a range of methods will be utilized to upgrade the city鈥檚 parking facilities to balance the supply of parking spaces with demand.
As the city government has shown support for upgrading parking lots asics gel quantum 360 australia , Tian believed it was the right time to launch the cloud parking system and he hopes the company will be able to carve out a niche in the market this time.
There were roughly 2.85 million private cars in Shenzhen as of the end of 2016, yet parking lots that are registered with the traffic police authority only amounted to around 1.25 million spots. (Shenzhen Daily)
Autotransfusion Devices Market 2018 Research In-Depth Analysis, Applications, Forecasts To 2024
by Infinium · October 8, 2018
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