Locomobi is on an Accelerated Growth Trajectory with Addition of New Parking Locations Across Cleveland, Ohio

July 3, 2015 – Toronto, Canada

LocoMobi, a leading provider of cloud-based parking solutions, is thrilled to announce the rollout of mobile payment parking lots across Cleveland, Ohio. The sites are located throughout the city and are a testimony to the company’s accelerated growth across the US market. This is the first phase of a multi-step plan that will elevate the city’s parking operations to the next level.

The QuickPay mobile payment solution will save time and increase convenience for parkers in selected locations across Cleveland. Drivers will now have the opportunity to pay for parking via a mobile device through a mobile app (iOS and Android), text message or phone call. After downloading the app, the customer can make a payment, extend a parking session anytime from anywhere, obtain virtual receipts and easily access transaction history, all with the touch of a button.

The system is part of the company’s extensive product suite that comprises a spectrum of innovative parking, transit and tolling solutions. The edge lies in the convenience of a true “live” system that provides a real-time snapshot of the parking environment, giving its operators and parkers alike accessibility, control and a peace of mind at the tips of their fingers.

LocoMobi Inc. continues to extend cloud-based technology to the marketplace on a larger platform with roll-outs of this scale. This venture sets Cleveland well on its way to adopting a smart-city approach to parking and transit management in a number of its facilitates and city neighbourhoods.

If you would like more information about this topic, please contact Grant Furlane at 416.898.3455 or email at grant@locomobi.com.

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