What Eco Parking Technologies does

ECO Parking Technologies is a US-based manufacturer that designs, assembles, and supports integrated parking guidance systems (PGS) and LED lighting for commercial parking structures. Founded in 2007 in Indianapolis, Indiana, the company sells the FALCON VISION platform — a camera-based wireless system combining space-by-space parking guidance, license plate recognition (LPR), LED lighting with integrated controls, and cloud-native analytics on Microsoft Azure. Its proprietary EDGE Falcon Vision fixture consolidates lighting, guidance, LPR, and surveillance into a single wireless-mesh device that eliminates cable tray and reportedly cuts installed cost by 50% versus legacy PGS. AI/ML computer vision trained on millions of images delivers audited 99%+ occupancy accuracy across 3,000+ installations and 500+ active US garages.

The company sells direct to enterprise and government buyers through project-based field sales, targeting municipalities, universities, hospitals, airports, casinos, stadiums, corporate office buildings, and mixed-use developments. Revenue derives from hardware (LED fixtures and PGS sensors), software (Falcon Vision cloud dashboard, potentially subscription-based), professional services (installation support, commissioning, warranty), and integration revenue through the ECO Connect open API connecting PARCs, payment (HONK), kiosks (Flowbird), and analytics (SpotGenius) partners. ECO is the only US-based PGS manufacturer, with 100% domestic employees, partners, and manufacturing. Leadership includes CEO Andy Teed (former Group President at Tyler Technologies, NYSE: TYL), President Jeff Pinyot, COO David Packard, and CTO William Longardner, who holds multiple patents in energy and vision-based ML. The company has earned industry recognition including the 2018 NPA Sustainability Project of the Year (Las Olas, Fort Lauderdale), Parksmart Gold certification (Sacramento State PS5), and the Lowell Harwood Award. ECO is privately held with no venture or private equity funding disclosed.

Name

Eco Parking Technologies

Legal name

ECO Parking Technologies

Website

https://ecoparkingtechnologies.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

ECO Parking Technologies is an Indianapolis-based US manufacturer of integrated LED lighting and camera-based parking guidance systems (FALCON VISION), serving municipalities, universities, hospitals, airports, casinos, and commercial real estate across 500+ active US garages.

Ownership category

akta.pro rank

Product category

Smart Parking Technology & LED Lighting

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Parking Lots and Garages (812930)

akta.pro primary industry

Smart Parking Technology Platforms (Occupancy Sensors, Guidance, Reservations, Analytics) (TLAJAIAC)

akta.pro secondary industry

Parking Guidance, Wayfinding & Occupancy Management (Sensors, Signage) (BPABAKAH)

Keywords

• Parking guidance systems
• LED parking lighting
• Smart parking technology
• Parking management software
• Vehicle detection sensors

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Hardware Sales — LED Lighting Fixtures: Sale of proprietary LED parking garage lighting fixtures (ECO Edge, ECO FlexTech). Fixtures are sold as one-time capital purchases for new construction and retrofit installations. Pricing is project-specific based on garage size and configuration.
2. Parking Guidance System (PGS) Hardware: Sale of FALCON VISION PGS sensors, cameras, and gateway hardware. Available as standalone sensors or integrated into LED light fixtures. Sold per space/garage as project-based hardware procurement.
3. Falcon Vision Cloud Software Platform: FALCON VISION software platform powers parking guidance, lighting controls, and analytics. Platform is configured remotely before equipment installation. Revenue likely includes software licensing or subscription for cloud hosting, dashboards, and remote configuration.
4. Professional Services — Installation & Commissioning: Factory-direct support, installation guidance, documentation, and warranty services. System is designed to be installed by any standard electrical contractor with ECO's drawings, field support, and commissioning process.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

ECO Parking Technologies designs, manufactures, and sells integrated smart parking systems for commercial parking garages, combining camera-based wireless parking guidance sensors with LED lighting fixtures and a cloud analytics dashboard. The flagship FALCON VISION platform delivers real-time occupancy detection (99%+ accuracy), license plate recognition, dynamic signage, and operational analytics, sold as project-based hardware plus subscription software to enterprise buyers in the US.

Product overview

ECO Parking Technologies offers a unified parking intelligence platform called FALCON VISION® that integrates parking guidance systems (PGS), LED lighting, vehicle intelligence, and cloud analytics. The product portfolio consists of three core products: (1) FALCON VISION® as the central parking intelligence platform delivering real-time guidance, LPR, and analytics; (2) EDGE Falcon Vision (Integrated Lighting + PGS) - the industry-only combined LED lighting and parking guidance fixture in a single unit; (3) ECO Falcon Vision Sensor - a standalone camera-based PGS for facilities that need guidance without integrated lighting; plus (4) ECO Edge LED Lighting - a standalone LED fixture that can serve as foundation for future Falcon Vision guidance. The system is built on a hybrid wireless/wired architecture using edge processing and cloud-native technologies on Microsoft Azure, with an open ECO Connect API enabling integrations with PARCs, payment systems (HONK), enforcement platforms (SpotGenius), and third-party applications. All products are designed, manufactured, and supported 100% in Indianapolis, Indiana with US-based employees.

Differentiator

Problem solved

Functional benefit

Brands

• Falcon Vision: Integrated LED lighting and parking guidance system combining lighting controls, guidance, LPR, and surveillance in a single fixture.
• ECO Edge
• FALCON VISION Integrated PGS
• Falcon Vision Standalone PGS

Products and services

• FALCON VISION Platform Unified parking intelligence platform that transforms parking structures into connected, intelligent infrastructure with real-time parking guidance, vehicle intelligence, security visibility, and operational analytics. Delivers occupancy accuracy above 99% via AI/ML neural network-driven camera sensors and integrates with the cloud-based dashboard on Microsoft Azure.
• EDGE Falcon Vision (Integrated Lighting + PGS) Industry's only integrated parking guidance system combining LED lighting, lighting controls, guidance, LPR, and surveillance in a single fixture. Wireless mesh connection reduces installation cost versus legacy hardwired systems for new builds.
• ECO Falcon Vision Sensor (Standalone PGS) Standalone camera-based parking guidance sensor providing space-by-space occupancy detection with IP 65+ rating, private Wi-Fi mesh network, motion-activated 5MP camera with onboard storage and edge processing. Can monitor up to 6-8 spaces per sensor.
• ECO Edge LED Lighting LED parking garage fixture with rugged cast aluminum two-piece construction, double-refracted lens for low glare, Cree and Samsung LED modules available in High Efficiency and Ultra Efficiency options. 400,000-hour rated lifespan with 120-277V input voltage. Available as standalone LED or integrated with PGS.
• ECO FlexTech 80-watt Fixture LED fixture with Type V dual per bay distribution, integrated with Falcon Vision PGS. Includes custom signs and complete lighting controls.
• FALCON VISION Software Dashboard Cloud-based parking administration software built on Microsoft Azure enabling owners and operators to manage spaces, visualize real-time information, and maximize revenue from a single customizable dashboard.
• ECO Connect API Open architecture API enabling two-way communication between Falcon Vision subsystems and cross-vendor interoperability with PARCs, payment systems, enforcement platforms, and third-party applications.
• Falcon Vision Gateway ONVIF conformant gateway providing Profile S, T, and G compliance for integration of parking guidance, wayfinding, video surveillance, and historical video review into a unified platform.

Quantifiable outcome

• Driver search time reduction: 45–55%
• +8 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability6 records

Feature10 records

Partnerships

Four partnerships are on record, tiered core and minor.

• LVR InternationalcoreImplementation/ SI/ Consulting Partner · 29 December 2025LVR International served as the primary systems integrator for the City of Westfield Union Garage project, coordinating the integration of ECO's parking guidance system with SpotGenius AI analytics, HONK digital payments, Flowbird kiosks, and Evens Time. LVR created a breakthrough in collaboration and integration of multiple smart technology providers to deliver an end-to-end solution for smart cities and campuses. This was the first-of-its-kind implementation and partnership, setting the standard for future smart parking projects.
• SpotGeniuscoreTechnology or IntegrationSpotGenius supplied the computer vision and AI engine for enforcement and analytics for the City of Westfield project. Their platform provides spot-level data, real-time event triggers, and predictive insights for city operators. SpotGenius is the backend integrator between ECO Parking's Intelligence Data and HONK's Permit Database. Part of the gateless, touchless, fully digital parking environment.
• HONKcoreTechnology or IntegrationHONK provided the digital payment infrastructure for the City of Westfield project, enabling drivers to reserve and pay via mobile app, QR code, or web — no hardware required. HONK's software-first approach simplifies operator workflow and enhances customer convenience. Connected via ECO Connect API as part of the integrated ecosystem.
• Evens TimeminorImplementation/ SI/ Consulting PartnerEvens Time served as a technology integrator connecting parking technology components into a unified solution for the City of Westfield project. Integrated with Flowbird kiosks and connected to the broader parking ecosystem via ECO Connect API. Represents local Midwest technology integration support.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Acuity Brands: Acuity Brands is a large North American lighting and building solutions provider with parking-grade luminaires and controls. It competes with ECO on lighting specifications and increasingly on connected lighting via Distech/Atrius IoT platforms.
• Signify: Signify (formerly Philips Lighting) is the global lighting giant with connected LED parking products and Interact IoT platform. It competes with ECO Edge via deep specification relationships with electrical contractors and bundled 'lighting + smart building' pitches.
• Hubbell Lighting: Hubbell offers a portfolio of commercial lighting brands (e.g., Hubbell Outdoor, Lighting Solutions) frequently specified into parking garages. It competes on the standalone LED retrofit side of ECO's business with broader SKU coverage and distribution.
• IPS Group: IPS Group is a smart-parking technology provider specializing in single-space parking meters, sensors, and enforcement. While focused on on-street, it overlaps with ECO on PARCs and LPR-based enforcement adjacencies for garage and citywide deployments.
• Passport Labs (Modaxo): Passport (within Modaxo) is a leading digital parking management platform for permits, payments, and enforcement in cities and universities. It is a software-side adjacent competitor and partner for ECO in touchless, gateless smart-city projects.
• Current (GE Current): GE Current is a major connected lighting and IoT provider with a strong indoor and parking LED portfolio plus the Daintree controls platform. It competes with ECO across both LED fixtures and integrated parking controls/analytics offerings.

Direct peers

• ParkHelp: ParkHelp supplies camera-based parking guidance and integrated LED indicator solutions for parking structures globally. Its combination of in-LED PGS indicators overlaps directly with ECO Edge Falcon Vision.
• Quercus Technologies: Quercus Technologies is a smart parking platform vendor offering Birdie and Bull series camera-based PGS plus access/management software. It competes head-to-head with Falcon Vision in municipal and university garages across Europe and Latin America.
• INDECT: INDECT is a global parking guidance system vendor combining ultrasonic and camera sensors with dynamic signage for commercial garages. Its product line (e.g., INDECT ULTRA) is a like-for-like competitor to Falcon Vision in airports, universities, and mixed-use facilities.
• TKH Group (ParkAssist): ParkAssist, a TKH Group division, is a camera-based parking guidance and license plate recognition vendor for off-street garages. It is the most direct competitor to Eco's Falcon Vision PGS, selling similarly positioned sensor-and-software parking intelligence into the same enterprise vertical.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/eco-parking-technologies

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eco Parking Technologies