NATCO International announced that a private company, Photo Violation Technology, signed an agreement with IBM. IBM will provide consulting services and integrate a number of its products. The corporation’s involvement will provide confidence and potentially secure more customers.
Photo Violation Technology signed a binding Letter of Agreement to take over NATCO after its three-year financial audit is completed. The company has subsidiaries in both Europe and Asia and has developed a patented parking meter system, which has the potential to revolutionize the Parking Industry.
The CEO and President of Photo Violation Technology, stated, “It is a great honor to be working with a company like IBM at this stage of our company. Upon completion of this contract, we will be able to virtually guarantee the scalability of our PhotoViolationMeter(TM) System to any size municipality or private parking company who wishes to implement it.”
Wall Street News Alert continues to recommend aggressive investors to watch NATCO. Recently the company that wishes to merge with NATCO, announced that it has made history again by becoming the first city to use WiCity, and it is quickly getting attention.
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