LocoMobi To Install Integrated Parking System of the Future for First Time in North America

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June 3, 2014 – Toronto, Canada

LocoMobi, Inc. is pleased to announce it has been contracted to install an integrated set of advanced technologies that have never been deployed in combination in North America. This includes a gated access and revenue control system featuring:

  • Pay On Foot System supporting credit and debit cards with Chip Pin and Bill and Coin handling and change making and license plate entry
  • Enhanced License Plate Recognition (LPR) at entry and exit for real-time inventor tracking and rate calculation
  • Virtual Permits
  • License Plate Express exit stations
  • Virtual merchant validation system
  • Mobile Payments
  • All systems integrated in a single cloud-based management portal

LocoMobi have several sites with many of these options but this site will be unique as they introduce both the new MOJO Xtreme Pay On Foot stations that offer more flexible payments types and change all based on entering the plate number into the machine and the first integrated deployment of mobile payments with LPR-based access control systems.

This deployment comes less than two months after the merger that saw Quickpay, one of the leading mobile payment providers for parking, acquire Nautical Technologies, the first company to develop and offer integrated LPR tracking with a revenue engine for pay machines via the cloud.

Springdale will incorporate 8 lanes of hardware that will allow a patron to enter via reading the vehicle plate and  causing the gate to open. Once the patron is ready to leave, they will proceed the Mojo Xtreme Pay On Foot station and simply enter their license plate number. The Mojo Xtreme will retrieve the entry time for that license plate, compute the fee based on rate logic defined in the cloud management portal, and display to the patron. Payment can be via Bill notes, Coins, Credit Card or Chip/Pin/ Debit Card. The Mojo Xtreme will offer change in Bill notes and Coins.

Upon payment the patron receives their receipt and simply returns to their vehicle and drives to the exit. The plate is read and gate opens upon validation of payment and allowed exit time. Should the patron’s time expire or they forget to pay at the pay on foot station there are Express Payment Mojo LPR stations at each exit.

A patron can also register one time using the QP QuickPay mobile payment app and thereafter they can bypass all of the pay stations since the same rate structures are mirrored on their mobile phone and they can pay simply by phone and the exit gate will open.

All permit parkers will have their plate registered and will also bypass the payment machines. All merchants will validate using the LocoMobi validation system which requires no stamps or tickets and records all validations in the same LocoMobi cloud management system.

In the event there needs to be enforcement, LocoMobi have taken care of this with their Ticketroid enforcement citation system which is updated in real time with all the plates, tracks violations and alerts enforcement staff and prepares citations for exactly the violating vehicles, dramatically reducing time spent patrolling facilities.

“It is incredible where technology has taken us. There are  many structures where  we deal with lost tickets, cardholder abuse and wasted patrols of our lots . We are truly excited at the closing of all the loopholes and creating more control,” says  Jack Pong, President and CEO of Citycore Development, one of the leading builders in the Toronto area.

Grant Furlane, President and Co-Founder of LocoMobi, adds “We are really pleased that our single cloud-based solution has started to really gain momentum and adoption.  With so many sites now using our systems we are proving its capabilities and increased controls at a fraction of the cost of more conventional machine readable ticket systems.”

“With this first integrated deployment, we take a major step in realizing our unified vision for the future of parking,” says Barney Pell, Co-Founder and Chairman of LocoMobi. “It is fitting that our first showcase is with a recognized visionary and award winning developer such as Citycore Development.”

About LocoMobi, Inc.

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.

For more information please visit our website at www.locomobi.com.