The City of Panamá has awarded a parking management contract to Consortium Panamá Parking to manage and regulate their on-street parking for the next 15 years. The Consortium Panamá Parking will be responsible to implement a global parking management ecosystem that includes multispace paystations, digital residential permits, a pay-by-phone app, an integrated enforcement platform with aLPR vehicles and the towing service. The consortium has committed to a US$ 3,526,500 investment on equipment and operations setup.

“We are very excited to be partnering with Ciudad de Panamá and help them in this exciting journey”, announced Luis Garma, responsible for Consorcio Panamá Parking. We are bringing state-of-the-art parking technology for the first time to Latin America, combining Hectronic on- street equipment and Pango’s mobile technology to manage digital permits, mobile payments, enforcement and citation management. The integration of both platforms will allow the citizens of Panamá to find available parking spaces and enhance traffic by managing real-time parking availability. “Our technology has been used for several years and the integration between Hectronic and Pango has already been tested in several North American locations” added John J Incandela, CEO & President of Pango, a Mobile Smart City Company. “This is very exciting, this project will give us another opportunity to showcase the state-of-the-art technology that Mobile Smart City and Hectronic can provide” stated Steve Snyder of Hectronic USA, one of the members of the Consorcio Panamá Parking.

About Hectronic

Hectronic GmbH is based in Bonndorf in the Black Forest, Germany. The company specialises in the development of smart system solutions for the parking and refuelling sectors. Since the foundation of the original company, Kienzle, in 1928, Hectronic GmbH has developed into an industrial company with operations in many countries. With over 300 employees, 8 sales subsidiaries and around 70 sales partners around the globe, Hectronic solutions are now successfully marketed all over the world.