May 15, 2016 – Toronto, Canada
LocoMobi is pleased to update the parking and transportation market in regards to the patent announcement we made last june 2015 regarding the approval of our Quickpay (QP) location based entry and exit system using mobile internet connected devices to open gates and doors. LocoMobi will now be displaying this registration and will continue to work with all parties wishing to deploy this technology.
“It has been great working with many firms that recognize they may have been infringing on our patent and are coming forward to partner”, says Grant Furlane, President, CEO & Co-founder of LocoMobi. “The solution of connecting a remote processing center configured with an associated mobile device that automatically activates specific payment options and raises gates for each end-user based on the parking facility is unique and highly secure, as it combines location checking and individual user settings per facility,” he adds.
This patent is registered in most countries now with additional patents on updated technologies pending. LocoMobi’s QP system is used in approximately 60 cities. The intent now is for LocoMobi to expand the market and talk with all Real Estate owners, Institutions, Municipal, Tolling and Transit organizations to ensure that our systems are properly represented and have optimum support. The patent is very extensive and supports credit cards, debit cards, loyalty cards and vouchers to name a few.
The patent protects LocoMobi’s considerable investment of research, development and implementation costs and furthers our vision of a truly mobile cloud-based transportation system. Although connecting mobile devices is an integral component, it’s just one piece of the overall LocoMobi transportation infrastructure. Locomobi gives users a multitude of options to enter and pay for their parking, resulting in better control and efficiency for the parking operator.
This comes as an addition to LocoMobi’s continuous development efforts on its integrated cloud solution. The company will also be offering licensing agreements and partnership opportunities to providers who wish to utilize this exciting technology.
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 licence 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. Locomobi offer the largest suite of products including LPR, mobile, pay on foot stations, ticket dispensers, on-street multi-space meters and cloud software.
LocoMobi’s Mobile payment application, LocoMobi Quickpay™, also complements any parking facility as an alternative to the payment station utilizing the same rate engine and cloud portal.
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.
LocoMobi has also recently introduced a full system for in-garage guidance, significantly helping drivers find open spaces and minimizing time spent driving around looking for spaces. The system even helps users locate their car upon return to the facility.
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.
For more information please visit our website at www.locomobi.com