POM

POM manufactures electronic parking meters that can accept coins, tokens, prepaid smart cards, credit cards, pay-by-cell, and/or NFC.

POM traces its roots to Carlton C. Magee, lawyer, newspaper editor and, most importantly, inventor of the world’s first parking meter. Magee moved to Oklahoma City, OK in 1927, a year before the 1928 opening of the Oklahoma City Oil Field. With the newfound oil came people, and with people came cars — lots of cars. Between 1913 and 1930, the number of cars registered in Oklahoma rose from 3,000 to a staggering 500,000, with most emanating from Oklahoma City and the surrounding area. Numerous oil related businesses sprang up in downtown Oklahoma City, bringing an influx of workers clamoring for parking spaces. However, oil wasn’t the only business downtown and retailers soon found their fortunes dwindling because customers had nowhere to park. By January 1933, the problem had come to a head. At the request of downtown retailers, the local government and chamber of commerce formed a joint traffic committee and appointed Magee, then editor of the Oklahoma City News, as its chair. Magee decided the best solution was to charge for parking using a small, mechanical timer in each space. He soon built a crude prototype and applied for a patent on December 21, 1932. To refine his design, Magee sponsored a contest within Oklahoma State College’s Department of Engineering. Prizes were to be awarded for a winning design and production of a working prototype. Although various designs were submitted, the students were unable to produce a working model.