PETALING JAYA: ITMax System Bhd, via its subsidiary Southmax Sdn Bhd, has been appointed by Kulai Municipal Council as the smart-parking operator for Kulai area.
In a statement, ITMAX said that under Phase 1, Southmax will operate the smart-parking system for 3,974 street parking bays across 28 locations in Kulai.
The appointment, effective Aug 1, 2024, spans a duration of 15 years. Under a revenue-sharing model, Southmax will receive 70% of the revenue generated from parking collections and parking compounds through its application Parkmax@JOHOR.
ITMAX managing director and chief executive officer William Tan Wei Lun said the contract marked the company’s second appointment as a smart-parking system operator in Johor.