September 10, 2014 – Toronto, Canada
LocoMobi is pleased to announce the grand opening of its new Technology Center in Toronto. In addition to LocoMobi’s Corporate head office, the company has now added a Technology Center in Liberty Village. Liberty Village is quickly becoming the Technology “hot bed” not only in Toronto but also Canada.
“With over 150 parking and transportation locations coming on board, we realized it’s time to expand our operations and move our technology and support teams into their own facility,” says Grant Furlane, President and Co-Founder of LocoMobi. “We’ve experienced truly amazing market response to our systems, where 100% revenue control can now be achieved. We are now well placed to support the demand with our technology centers in San Carlos in the Silicon Valley, Toronto and of course our modern plant in China.”
LocoMobi has received a string of awards for its technology both in North America and most recently in China.
“It’s truly become a global market place for our technology and we are honored to lead with our vision for the field,” says Barney Pell, Co-Founder and Chief Strategist of LocoMobi. “Every day is a new and exciting venture with boundless opportunities.”
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, LocoMobi Quickpay™, also complements any parking facility as an alternative to the payment station utilizing the same rate engine and cloud portal.
LocoMobi 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. More recently LocoMobi was a winner at the SMART CITY competition in Nantong China out of a field of 120 companies worldwide.
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 United States, Canada and China.
For more information please visit our website at www.locomobi.com.