IPS Group, Inc. specializes in smart parking and intelligent transportation solutions, providing innovative hardware and software systems that streamline parking management for cities and private operators. They generate revenue through the sale of parking meters, sensors, mobile payment applications, and data analytics services. Founded in 1994, IPS Group has a history of pioneering advancements in parking technology, including the introduction of solar-powered parking meters and integrated payment systems. Their solutions aim to enhance urban mobility, reduce congestion, and improve the overall efficiency of parking operations.