Israeli company U-tron signs agreement to build first autonomous parking lot in Denver, Colorado

The company has already built seven autonomous parking lots in the US, with another 12 currently under construction

Israeli automated parking solutions company U-tron has announced that it has signed an agreement to build the first autonomous parking lot in Denver, Colorado for some $3.3 million.

U-tron, a part of the Unitronics Group established in 1989, designs and develops fully automated parking solutions, which the company states can result in up to 50% less space required for parking compared to a conventional garage.

The company has to date built seven autonomous parking lots in the US including in major cities such as New York and Los Angeles; with another 12 currently under construction including in Boston, Houston, Brooklyn, NY and Santa Monica, California.  It has also built an automated parking lot in Israel in Yehuda HaLevi Street in Tel Aviv.

"We continue to enjoy a growing demand for our advanced robotic systems and the recognition by developers and operators of parking lots and warehouses of the competitive advantage of the company’s technology and product quality," Haim Shani, CEO of U-tron said.

“We believe that our innovative solutions, which are also based on electric vehicle charging capabilities, combined with the upgrade and expansion of the operational array in which we have made a significant investment, will allow us to accelerate growth rates and continue to increase the company’s high backlog," he added.

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