The parking crisis in Tel Aviv leads to innovative solutions In just about a month, Percomat signed three new contracts with a total amount of over 18 million NIS | This week Parcomet signed an agreement in the amount of approximately NIS 10 million for the construction of a robotic parking lot that will include 171 parking spaces in an urban renewal project on Herzl Street in Tel Aviv
Avi Yosef 24.11.2022
Necessary parking solutions for Tel Aviv like breathing air and Parcomat International Ltd., which deals with the planning, development, assembly and service of mechanical and robotic parking facilities in Israel, announced that it has signed an agreement with Yuval City Boy Ltd., one of the leading entrepreneurship and construction companies in the field of urban renewal, to establish The company’s robotic parking lot includes 171 parking spaces, in the client’s flagship project, known as “Julie”, located in the heart of Tel Aviv, on Herzl Street.
This project joins other projects of the company to establish large robotic parking lots, which include over 100 parking spaces, which are already in progress.
According to the agreement, the total expected consideration for the company will amount to a total amount of approximately NIS 10 million.
According to the agreement, the payment is expected to be made according to the progress of the milestones in the implementation of the project and it is expected to be completed in the second quarter of 2025.
The company will recognize in its financial statements the income from the project according to the input method.
According to Giora Neve, CEO of the company, I am happy to announce today another agreement we signed that joins the two agreements we announced only in the last few weeks. This is no coincidence, we are working strategically to expand our portfolio of solutions and capabilities, following the growing trend in demand for new solutions in the field of robotic parking, which is reflected in the growing backlog.”