PRESS RELEASE

April 21, 2016

Parkeon Ratchets Up Gulf States Activity with Distributor Appointment

Parkeon, the global ticketing technology company, has appointed Coaxial, part of the Adnan Al Sharhan Group, to support its business strategy in the rapidly growing Gulf States public transport sector.

Coaxial provides hardware, software and support solutions for IT and infrastructure projects with Gulf Cooperation Countries (GCC), and will work closely with Parkeon to deliver automatic fare collection systems as numerous multi-billion pound transport projects planned for the region begin to take shape.

"As the economies of the Gulf States develop, there is growing demand for public transport," says Ashley Bailey, Business Development Manager at Parkeon Transportation.

"Parkeon has already been involved in numerous public transport automatic fare collection projects in the region, but we see even greater opportunities opening up through the Coaxial partnership as Gulf countries look to transform their rail and bus networks."

Coaxial, based in Kuwait, is well-known and well-connected within the GCC and impressed Parkeon with its understanding of IT, financial control and ticket retailing, together with its ability to offer round-the-clock technical support.

Commented Coaxial's Hozefa Fakhruddin, Sales Director - "We are very pleased to be partnering with Parkeon to offer world-class ticketing solutions within the Gulf region. There is an increasing focus on enhancing public transport experience for the customer in the region using ICT and we want to tap into this potential with the gamut of ticketing solutions offered by Parkeon.

"We have considerable experience servicing the leading public transport operator in our home base of Kuwait and see the partnership with Parkeon as a natural extension of our business capabilities for the years to come."

Caption: Owen Griffith (left), Managing Director of Parkeon Transportation, is pictured with Hozefa Fakhruddin, Coaxial Sales Director.

Ends

Media enquiries to:

Philip Colley, Harvest

Tel: 023 9244 9655 / 07785 306378 /Philip.colley@harvestpr.co.uk/ @harvestprman

Notes to editors

Parkeon

Parkeon is a global leader in mass transit ticketing and parking payment solutions. 

The company, which has a manufacturing facility and development centre in Poole, Dorset, meets the constantly evolving needs of operators, drivers and passengers to improve urban mobility via public and private transport systems.

Parkeon solutions help operators to optimise revenues, whilst providing end-users with quick and easy access to public transport and parking facilities. All this is delivered through a commitment to continuous innovation that has been the hallmark of the company for over 40 years.

Parkeon employs over 1,000 people worldwide with offices in Europe, USA and Australia. It also works with local partners in other countries.

For more information:www.parkeon.com