Company Research Report: eleven-x

Company Overview

Name: eleven-x

Mission of the company: To deliver smart parking solutions which enable cities and communities to be accessible, safe, resilient, and sustainable. Their vision is to transform parking from a daily frustration to a delightful experience for everyone.

Founded: 2014

Founders: Not specified in the provided data.

Key People: Recent leadership addition includes Jonathan Evens, who joined as Vice President of Sales to drive the company’s expansion in North America.

Headquarters: 375 Hagey Blvd, Suite 311, Waterloo, Ontario, N2L 6R5, Canada

Number of Employees: Not specified in the provided data.

Revenue: No information is available.

Known For: eleven-x is renowned for its innovative smart parking solutions, particularly the eXactpark platform, powered by their patented SPS-X sensor technology.

Products

eXactpark™

Description: eXactpark is a comprehensive, real-time, wireless smart parking system designed to enhance parking management and driver experience. It's primarily targeted at cities, municipalities, campuses, and private organizations.

Key Features:

Real-time Parking Status: Provides instant availability of parking spaces.

Guidance & Wayfinding: Directs drivers to available spaces efficiently.

Intelligent Enforcement: Offers real-time overstay alerts to improve enforcement and safety.

Insights & Analytics: Delivers real-time status and data analysis for informed decision-making.

SPS-X Sensors

Description: An award-winning, patented sensor integral to the eXactpark system, the SPS-X sensor provides unprecedented stall occupancy monitoring accuracy.

Key Features:

Accuracy: Provides 99.7% pinpoint accuracy.

Battery Life: Offers an extended battery life of up to 10 years.

Versatility: Fully embeddable, suitable for any environment, indoors or out, designed for installation flexibility.

Security: Offers carrier-grade IoT wireless connectivity with robust data security.

Recent Developments

New Products and Features

eXactnav: Launched to provide drivers with easy-to-use real-time parking space visibility and navigation.

Awards and Recognitions

eXactpark won the "Overall Smart City Solution of The Year" from the 2023 IoT Breakthrough Awards Program.

SPS-X Sensors won the IoT Sensor Product of the Year from the 2022 IoT Breakthrough Awards Program.

Partnerships and Contracts

Comcast Smart Solutions partnered with eleven-x to integrate parking management technologies.

Arlington County, Virginia: Eleven-x was awarded a major North American smart parking contract.

HonK Collaboration: A strategic partnership with HonK to enhance parking experience and traffic flow in Oakville.

UWM Partnership: Transforming the University of Wisconsin-Milwaukee’s parking operations with the eXactpark solution.

Market Expansion

Eleven-x continues its North American expansion with a focus on innovative parking solutions and strategic leadership additions like Jonathan Evens.

Conclusion

eleven-x has firmly established itself in the smart parking industry through its advanced technology and strategic partnerships. The eXactpark platform, backed by the cutting-edge SPS-X sensor technology, positions the company as a significant player poised for considerable growth in revolutionizing urban parking solutions. While financial specifics such as revenues and the number of employees were not disclosed, eleven-x's awards and continued expansion signal robust business development.