
Universal Parking Announces New Projects Across the Southeast
Universal Parking, a leading innovator in the parking industry, continues its strategic growth trajectory, announcing new projects in Georgia, Florida and Texas. These latest partnerships span various project types, from office and mixed-use spaces to entertainment venues and cruise ship ports.
Delivering innovative, full-service solutions, Universal Parking is revolutionizing the parking experience through best-in-industry customer service and technology-enabled services. It supports parking facility management, including operations, facility maintenance, equipment installation and support and customized accounting, auditing, and reporting. In addition, Universal Parking provides professional recruiting, staffing, and training for parking attendants, as well as design and functional review services, ensuring every aspect of a parking facility is optimized for performance and efficiency.
'Our mission is to elevate the guest experience at every facility we manage,' said Tim Walsh, President and CEO at Universal Parking. 'And we're thrilled to partner with an ever-growing list of organizations to make this goal a reality. Our team is well-equipped to support these projects across the Southeast and partner with companies to improve operations and support parkers everywhere.'
The company has been selected to manage the following new projects:
Atlanta, Georgia
Fort Worth, Texas
Miami, Florida
To learn more about Universal Parking and the projects it supports, visit universalparking.com.
About Universal Parking
Universal Parking provides tailored parking management services on behalf of property owners and asset managers. With a leadership team boasting over 175 years of combined experience, Universal Parking specializes in operating complex and diverse parking facilities while leveraging technology and customer-focused strategies to enhance the parking experience.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250521343991/en/
CONTACT: Media Contact
Emily Rios
[email protected]
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA FLORIDA TEXAS
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE TRANSPORT COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY URBAN PLANNING OTHER TRANSPORT
SOURCE: Universal Parking
Copyright Business Wire 2025.
PUB: 05/21/2025 07:57 AM/DISC: 05/21/2025 07:56 AM
http://www.businesswire.com/news/home/20250521343991/en
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Vision Marine Technologies Accelerates Global Leadership in Tender Market, Deploys Strategic Growth Initiatives
MONTREAL, QC / / July 28, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in high-voltage electric marine propulsion and a multi-brand boat retailer with a strong dealership network across Florida, today announced the expansion of its commercial activities across the global tender market-a high-turnover, high-impact segment in which the Company now holds a commanding position. Following its acquisition of Florida-based Nautical Ventures Group, Winner of Boating Industry's Top 100 Dealer of the Year award in 2024, Vision Marine has become one of the largest US distributors of Highfield Boats-which bills itself as the world's number one manufacturer of rigid inflatable tenders. Highfield reports having delivered approximately 54,000 units globally since 2011. Vision Marine now accounts for a leading share of its North American 2022 to 2024, Nautical Ventures Group, which Vision Marine acquired in June 2025, sold in excess of 600 tenders across its Florida-based dealership network, generating more than $14 million in revenue. In 2023 alone, Nautical Ventures sold more than 200 units, representing over $4 million in tender-related sales. These strong historical results-achieved prior to the acquisition-form the commercial backbone of Vision Marine's current tender strategy and reflect the performance capacity of the Company's seven high-volume dealership locations strategically positioned across Florida, the epicentre of U.S. recreational boating. Vision Marine has also allocated a dedicated retail and service facility at 1440 South Federal Highway in Fort Lauderdale, focused exclusively on tenders and inflatables. This strategic property supports showroom expansion, accompanied by its marina which provides service capacity, aftermarket support for quick turnaround and on-site integration of both gas-powered and electric tenders, accelerating inventory turnover and operational readiness in this high-growth category. "The tender is no longer just a yacht accessory-it's a standalone product category that delivers volume, visibility, and direct consumer engagement," said Alexandre Mongeon, CEO of Vision Marine. "This segment gives us early access to a new generation of boaters and fleet operators, many of whom are already shifting from ICE to electric. That makes tenders not only commercially strategic, but transformational for our business model." The global inflatable boat market is expected to reach an estimated $4 billion by 2030 from $2 billion in 2023 at a CAGR of 7% from 2023 to 2030. Interest in electric propulsion is steadily increasing across the marine industry, particularly in the tender category, where size, use case, and user expectations align naturally with electrified solutions. Vision Marine is strategically positioned to serve this shift, combining its proprietary high-voltage electric technology with a growing retail footprint and integration part of its broader effort to accelerate inventory turnover and maximize retail performance across its store network, Nautical Ventures recently launched a limited-time tender promotion across all Nautical Ventures locations. The initiative is designed to create rapid movement of key models, increase showroom traffic, and support year-round sell-through-a shift that reflects Vision Marine's renewed focus on retail efficiency and high-frequency customer engagement. Tenders now span a wide range of applications-from compact inflatables and luxury yacht support vessels to robust standalone boats used for diving, waterfront commuting, and light commercial activity. Vision Marine supports both internal combustion and electric configurations, including integration with the Company's own E-Motion™ 180E high-voltage electric powertrain. With full-service integration and delivery available through its dealership network, Vision Marine is uniquely equipped to meet growing demand for reliable, high-performance tenders. The Company's scale and full vertical integration-spanning propulsion innovation, OEM collaboration, direct retail, and post-sale service-enables it to deliver unmatched consumer experience and operational control. Nowhere is this model more evident than in the tender segment, where Vision Marine plans to increase both market share and customer retention through a blend of volume strategy and premium support. This focus on the tender segment-particularly its electrification-is designed to deliver long-term shareholder value through a combination of volume growth, margin expansion, and recurring revenue potential. As the market accelerates toward electric solutions, Vision Marine is leveraging its proprietary propulsion technology, dealership assets, and integration expertise to build a durable and scalable marine platform. More about Nautical Ventures promotion can be found at: Vision Marine Technologies Inc. Vision Marine Technologies Inc. (NASDAQ: VMAR) is a technology company specializing in high-voltage electric propulsion systems for the marine industry. The Company's flagship product, the E-Motion™ 180E, is a fully industrialized high-voltage electric outboard system for recreational boating, validated through partnerships with leading industry players. With the recent acquisition of Nautical Ventures Group, Vision Marine has expanded its sales and service network on the East Coast of the United States. Through Nautical Ventures' multi-brand retail operations, Vision Marine now offers both traditional internal combustion engine (ICE) boats and next-generation electric propulsion solutions, providing a full range of products to meet the current and evolving needs of recreational boaters. For more information, visithttps:// Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include Vision Marine's plans for commercial deployment, expansion of sales and service capabilities, and market adoption of its electric propulsion systems. These statements are subject to risks and uncertainties, including the Company's ability to execute its growth strategy, integrate new operations, and drive market adoption. Actual results may differ materially from those projected. Vision Marine undertakes no obligation to update forward-looking statements, except as required by law. Investor and Company Contact:Bruce NurseInvestor Relations(303) 919‑2913bn@v‑ SOURCE: Vision Marine Technologies Inc View the original press release on ACCESS Newswire Sign in to access your portfolio


Forbes
33 minutes ago
- Forbes
Samsung Foundry Signs $16.5 Billion Deal With Tesla To Make AI Chips
The Tesla deal gives a much-needed boost to Samsung's loss-making contract chipmaking business. Joan Cros/NurPhoto via Getty Images Samsung Electronics, controlled by South Korean billionaire Jay Y. Lee, has signed a 22.8 trillion won ($16.5 billion) multiyear deal with Tesla to manufacture AI chips for the U.S. electric vehicles-to-AI giant. Elon Musk, Tesla's billionaire CEO, said on Monday on his X social media platform that Tesla is working with Samsung to produce the next-generation AI6 inference chip, which is designed for humanoid robots, self-driving cars and AI data centers. He added that the chip will be manufactured at Samsung's fab in Texas in the U.S., which is set to kick off operation in 2026. A few hours before Musk's X post, Samsung announced the $16.5 billion chipmaking agreement without naming the client, citing confidentiality. The Korean smartphones-to-chips giant said the deal will run through the end of 2033. Shares of Samsung on the Korean stock exchange surged almost 7% on Monday. The deal gives a much-needed boost to Samsung's loss-making contract chipmaking business. The company has been losing ground to Taiwan Semiconductor Manufacturing for advanced chip manufacturing due to its lower yields. TSMC, which counts Apple and Nvidia among its customers, had a dominant share of 67% in the global foundry industry in the fourth quarter of 2024, according to Taiwan's semiconductor market research firm TrendForce. Samsung, meanwhile, came in second with an 8% share. Earlier this month, Samsung projected a worse than expected 56% plunge in second-quarter operating profit to about 4.6 trillion won. The company said its foundry business booked a one-time inventory cost, following U.S. export restrictions on advanced chip sales to China. It added that the foundry business reported low usage rates. Samsung expects operating loss in its contract chip manufacturing business to narrow in the second half of the year on a gradual recovery in demand. The company said in April it aims to start mass production of chips using its 2-nanometer process technology. Qualcomm is reportedly weighing a chipmaking deal with Samsung for its 2nm foundry process. Others confirmed clients of such technology include itself and Japan's AI company Preferred Networks. MORE FROM FORBES Forbes Billionaire Chey's SK Group Partners With Amazon To Build A $5 Billion AI Data Center In Korea By Zinnia Lee Forbes South Korea's LG Launches 'Hybrid Reasoning' AI Model By Zinnia Lee Forbes Japan's Legal AI Startup Scores $50 Million Round Led By Goldman Sachs, Partners With OpenAI By Zinnia Lee
Yahoo
an hour ago
- Yahoo
Samsung to Make Tesla AI Chips in Multiyear Texas Deal
(Bloomberg) -- Samsung Electronics Co. will produce AI semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy Budapest's Most Historic Site Gets a Controversial Rebuild South Korea's largest company announced on Monday that it secured the 22.8 trillion won chipmaking agreement, which will run through the end of 2033. The plan is for an upcoming plant in Taylor, Texas, to produce Tesla's next-generation AI6 chip, Tesla chief Elon Musk said on X, confirming a Bloomberg News report. Samsung's Seoul-traded shares rose 6.8%, to their highest since September, while its suppliers like Soulbrain Co. jumped as much as 16%. A Samsung spokesperson declined to comment, citing confidentiality terms in its contract. 'The strategic importance of this is hard to overstate,' Musk, 54, wrote on X. He described the value of the deal announced by Samsung as 'just the bare minimum. Actual output is likely to be several times higher.' The Tesla chief executive officer and X owner will walk the chip fabrication line himself and has been authorized by Samsung to assist in optimizing production, he said. The AI6 component will form the foundation of Tesla's self-driving hardware suite for cars in coming years. Samsung produces the current AI4 system, according to Musk. The contract win, the first after Executive Chairman Jay Y. Lee was cleared of all outstanding legal charges, comes as Samsung has been steadily losing ground in chip manufacturing. The company, which makes its own memory chips and also fabricates semiconductors on behalf of clients, has had difficulty bringing in enough orders to fully utilize its foundry capacity. It has postponed completion of construction and operational ramp-up of its new Texas fab to 2026. 'Their foundry business has been loss-making and struggling with under-utilization, so this will help a lot,' said Vey-Sern Ling, managing director at Union Bancaire Privee in Singapore. 'Tesla's business may also help them to attract other customers.' That's in contrast to leading chipmaker Taiwan Semiconductor Manufacturing Co., which still cannot meet all demand. TSMC held a dominant share of 67.6% of the global foundry market in the first quarter this year, according to Taipei-based TrendForce. Samsung's share slipped to 7.7% from 8.1% in the previous quarter. Samsung and TSMC are both on pace to deliver the next generation of semiconductor advancement — moving to 2-nanometer fabrication — and the new deal is seen as a signal of confidence for the company's upcoming fabrication technology. While the contract may represent a small share of foundry revenue annually, it holds greater value as a catalyst for technological refinement and innovation over the long run, according to Ryu Young-ho, an analyst at NH Investment & Securities Co. It also helps burnish Samsung's reputation as the strongest TSMC alternative at a time when Intel Corp. is struggling to win over investors skeptical about its long-term strategy and road map. What Bloomberg Intelligence Says Samsung Electronics' new contract to supply semiconductors implies a recovery in its foundry business' 2-nanometer generation chip production. The $16.5 billion contract spans 2025-33 and could boost Samsung's foundry sales by 10% annually, we calculate. — Masahiro Wakasugi and Takumi Okano Click here for the full research --With assistance from Seyoon Kim, Linda Lew, Abhishek Vishnoi and Vlad Savov. (Updates with shares and analyst commentary) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Dude! They Killed Colbert! ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data