Hi-Tech Solutions

Hi-Tech Solutions Ltd.Founded in 1992, Hi-Tech Solutions Ltd. is headquartered in Rishon LeZion, Israel, and focuses on innovative technology solutions.00 mn.Hi-Tech Solutions Ltd. specializes in advanced technology solutions primarily centered on License Plate Recognition (LPR) and Automated Number Plate Recognition (ANPR) systems. Their core offerings include comprehensive parking management systems, security enforcement solutions, and commercial vehicle monitoring tools designed to enhance operational efficiency and security. The LPR systems are widely deployed in venues such as Las Vegas hotels and Penrose Hospital, enabling real-time vehicle identification to streamline parking processes.Revenue generation for Hi-Tech Solutions Ltd. occurs through direct sales and service agreements with business and government clients, primarily involving the sale of LPR systems and related software licenses. Transactions typically include maintenance and support contracts to ensure ongoing customer satisfaction. Clients engage HTS for tailored solutions, including hardware installations and cloud-based management systems, creating a recurring revenue stream through subscription-based services.Hi-Tech Solutions Ltd. While specific new products are currently in the design phase, the company aims to enter new markets, with particular interest in expanding its footprint in Europe and Asia by the end of 2023.

1. Series B

   Jan 8, 2008

   Amount

   $3M

   Investors

   Locked