Active Recognition Technologies Partners With Computerized Valet Parking Systems

- Leading Provider of High-Tech Valet Parking Technology Integrates ART's V-Metrics Software -

PHOENIX, Aug. 18 -- Active Recognition Technologies (ART), a developer of vehicle identification and license plate recognition (LPR) software, announced today that it has executed a partner agreement with Computerized Valet Parking Systems, Inc. (CVPS). CVPS is integrating ART's V-Metrics(TM) LPR software with its valet parking technology product line.

"CVPS has installed over 100 systems in the last 3 years, and continues to gain market share with its innovative valet parking solution," said Arthur Lawida, CEO, Active Recognition Technologies. "This is a perfect example of the partnerships we are pursuing."

CVPS is the inventor of today's popular computerized valet parking systems. Patented in 1997, the system combines hand-held PC's, digital cameras, self-serve request kiosks, point of sale terminals and barrier gate arms for a complete parking solution. Its many features include capturing multiple digital snapshots to record a vehicle's pre-existing condition for risk management purposes, tracking employee activity for accountability and performance considerations and offering customers the option to request vehicles via self-serve kiosks.

Incorporating V-Metrics with the CVPS system provides a quick, accurate and reliable retrieval mechanism. V-Metrics eliminates the need to manually enter the vehicle plate into the system, reducing labor cost and input errors while speeding up the overall process.

CVPS adds an LPR camera, which captures the plate image, to its digital camera lane system. The data generated at the point of arrival includes date, time of entry, six digital images, the attendant driving the vehicle and the license plate. The license plate data provides a unique record for subsequent look-up purposes.

Although LPR is offered as an optional component, CVPS estimates that it will be able to sell it to 80%-90% of its customer base because the software offers a value proposition and high return on investment through savings in labor alone.

"A busy casino may handle 2000 cars in a 24-hour period. The average time to enter a license plate manually is about 5 seconds, which translates into several hours of data entry. With V-Metrics, the plate information is captured automatically and accurately offering quicker and more efficient customer service," said Kai Schuette, president, Computerized Valet Parking Systems.

Lawida added, "V-Metrics is designed to be easily integrated into our partner's applications. CVPS was able to incorporate license plate recognition technology into its valet parking technology product with very little customization effort. Offering the V-Metrics module creates a more automated product for its customers and an additional revenue stream for CVPS. By partnering with CVPS, ART gains quick access to the market through their existing customer base and leverages their ongoing sales efforts."

"ART has bundled the best available hardware with an impressive software package, creating a very functional and flexible solution. They provided a custom software trigger, enabling us to control the LPR process from within our program, which was a critical component for our systems' optimal functionality," said Andrew Preas, vice president, Computerized Valet Parking Systems."

CVPS's first installation with V-Metrics software is at an East Coast casino. Applications for their valet parking technology product include casinos, airports, hotels, malls, office and residential complexes.

About Computerized Valet Parking Systems, Inc.

Founded in 2001, CVPS is a privately held company headquartered in Novi, Mich. It has branch offices and employees in Boston, Chicago, Seattle, San Francisco, Las Vegas, Miami and Los Angeles. CVPS owns the intellectual property rights to over 70 features relating to valet parking technology. More information is available at www.cvaletps.com or e-mail kai@cvaletps.com.

About Active Recognition Technologies

Founded in 2003, Active Recognition Technologies is a privately held company headquartered in Arizona. ART's V-Metrics(TM) vehicle identification and license plate recognition software is another layer of security that can be integrated into existing security systems or embedded into new security devices. Initial uses for the technology include casino and public parking garages, stolen car recovery and area surveillance. ART recently entered into an agreement to be acquired by Duraswitch . The stock acquisition is subject to ART achieving revenue and profit milestones and anticipated to close in 2005. More information is available at www.activerecognition.com, or email tkuhn@activerecognition.com.