Urban Motion

Jan 9, 2023

January 9, 2023 After the company – together with three other Hungarian companies – participated in the Portugal Smart Cities Summit in Lisbon last October, it concluded a strategic agreement with Urban Motion, a Portuguese company dealing with smart cities. According to the agreement the Portuguese company helps the Hungarian company to find their customers locally. Negotiations with a Portuguese municipal company have already begun – said Zoltán Gyarmati, member of the board of EPS-Global Zrt., to MTI. He added, with the complete parking management software of EPS Global Zrt., the customers (municipalities, companies) can monitor the parking lot’s occupancy, and the payment of the parking fee can also be solved. In addition, the software also helps with parking control, and the surcharge process has also been incorporated. In this way, the customer knows exactly how many people parked in the given parking lot, for how long on average, and how much revenue he derived from this. This is important information for the organization of transport, for example in a municipality – explained Zoltán Gyarmati. I subscribe We have sent you an email! Open it and click the Subscribe link to confirm your subscription. You will then receive the Napi.hu Newsletters morning and evening. Such a system also operates in Hévíz He also mentioned that the development of the company founded in 2012 appeared in China after 2016, and since August 2020 it has been operating in Hévíz, Hungary. He said that in the Asian country, Chinese joint ventures owned by the majority of Hungarians were founded, thus winning the rights to build and long-term operation of the smart parking system in two cities. According to the 20- and 25-year concession contracts, they must create and operate a total of 30,000 parking spaces in the two cities. He added that after the Chinese expansion, in 2016 and 2017, the EXIM investment fund owned by the Hungarian state acquired majority ownership in EPS-Global with a significant capital investment. According to publicly available company data, the sales revenue of EPS-Global Zrt. in 2021 was 213.3 million forints, after the 3.341 million forints reached in 2020. In 2021, the company closed with a loss of HUF 553,861 million, while a year earlier its profit was more than HUF 3 million. The company’s loss is related to the fact that the Chinese projects are still in the construction and investment phase – Zoltán Gyarmati explained the results.