November 17, 2014 – Toronto, Canada
LocoMobi is happy to announce implementation of a gated parking and validation system for the Springdale Professional Building parking lot. Prior to contacting LocoMobi, City Core Developments saw an opportunity for improvement in their parking environment. The previous system was based on the more conventional Pay On foot systems used with ticket dispensers and ticket readers. The ownership group wanted more control and opted for License Plate Recognition technology with Cloud based payment stations tied to the vehicle license plate. Springdale Professional Building is located directly beside Brampton Civic Hospital (one of the largest hospitals in Canada), thus the parking lot was experiencing a high volume of traffic from patients, visitors, and hospital staff that were using the Springdale Parking Lot to avoid paying for parking at the hospital. Due to this increased traffic, both businesses and practices of Springdale Professional Building were finding it increasingly difficult for their clients to find parking. LocoMobi has provided a suitable parking solution.
LocoMobi has installed gates to the parking lots that prohibit parkers from leaving the lot unless they have paid. This will eliminate overflow from the hospital of parkers attempting to park for free. More conventional ticket dispensers can work but lost tickets, lending of validation ticket and cards open the possibility of circumventing the system. Given the value of every parking space the risk needed to be minimized. LocoMobi’s validation system will allow for each individual business of Springdale Professional Building to subsidize their customers parking with special rates. No tickets or validation stamps are required. It’s all Virtual. These organizations are also able to absorb the parking costs so their patients/clients can park for free. The License Plate Recognition (LPR) cameras, will allow each business to validate their patient’s/ customers license plate from the convenience of their office. Mobile payment and reservations will be added to the system to make it the first end to end solution manufactured by one company.
Pay-on-Exit system is available for parkers. Those who are validated for free parking by a Springdale Professional Building organization will simply drive up to the gate and their license plate will be recognized, instantly allowing the customer to exit without a parking fee.
“The launch of Springdale is the first cloud-based, pay-on foot, LPR, gated solution in the country” said Grant Furlane Co-Founder and CEO of LocoMobi. “We are truly transforming the parking industry into a smart city application.”
Overall, this system allows for more lot security and provides the customers of the Springdale Professional Building increased spaces to park. This is a launch of a completely remote monitored commercial facility requiring no local management.
LocoMobi, Inc. is reinventing parking and transportation technology in the era of cloud, mobile, low-cost hardware and internet of things. LocoMobi was the very first to offer a cloud-based license plate recognition (LPR) system with a complete revenue engine that also provided a management system for virtual permitting systems, violation and citation management. The company also designed and implemented the first LPR-based system incorporating payment stations and barrier gates, which was integrated into a single cloud-based system. A garage using a LocoMobi LPR system knows every vehicle that enters and exits and links all payments to the vehicle’s license plate. For parking owners and operators, this is of immense value as they have full knowledge of and receive payment from every single parker. The revenue gains after deploying a LocoMobi system can significantly increase the value of the parking asset. The company also designs and implements a complete suite of traditional parking systems including the conventional machine readable ticket systems and can combine them with license plate recognition as one single solution for places like airports.
LocoMobi’s Mobile payment application, QP Quickpay™, also complements any parking facility as an alternative to the payment station utilizing the same rate engine and cloud portal. QP QuickPay can be used standalone, integrated with legacy hardware at low cost, or as part of a fully integrated LocoMobi system to deliver new value for drivers as well as parking owners and operators.
For drivers, the combination of LocoMobi’s QuickPay mobile technology and gate kit with LPR and product set leads to an ideal parking experience: a driver registers one time with the QP QuickPay app and enters his or her license plate and credit card. The driver then drives into a garage, LPR cameras recognize the vehicle and the gate opens automatically. When the driver is ready to leave, he or she drives to the exit gate, the LPR cameras recognize the car again, bill the credit card saved to the QP QuickPay account, the gates open and the driver exits–all in a matter of seconds. A similar system works in non-gated scenarios as well. For owners and operators, LPR transactions can now be linked to registered drivers, enabling customer knowledge and communications.
LocoMobi’s product offerings are unique in their level of comprehensiveness, innovation, and price: installations typically have twice the functionality at approximately half the price of competitive systems. LocoMobi’s innovations have recently garnered worldwide attention when the Company was a winner of the award for 2014 TiE50 best new technology in the world, where over 2800 companies from 27 countries were considered. The awards were presented at the Annual TiE50 conference held in the Silicon Valley.
LocoMobi has partnerships with most of the major parking operators in the U.S. and Canada, and is deployed in parking garages and lots, hotels, malls and theme parks and on-street in major cities throughout the U.S. and Canada.
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