March 27, 2018 – Toronto, Canada

LocoMobi is pleased to announce our full line of transit solutions adding payment stations, cashier terminals, turnstiles, and associated enterprise hardware all interfaced to the LocoMobi Smart City Cloud Portal.

LocoMobi realizes that the modernization of today’s transit systems promote usage, alleviate congestion and create a cleaner, more efficient transportation infrastructure. LocoMobi has created technology that is easier to use, links users with city infrastructure, and fosters end-user adoption within a socially accepted process. Cloud interaction enhances the consumer experience by providing an intuitive payment system whether it be through payment kiosks or mobile apps. In turn this minimizes the amount of fare evasion and contributes to better profitability for cities. This results is increased revenue while maintaining consistent, affordable rates for consumers. The ultimate goal is achieved; people utilizing modern, efficient transportation in harmony with their cities.

LocoMobi’s technology provides transportation to over 300 million people annually through our 2216 units installed at 883 stations. Adding to this will be the LocoMobi mobile payment app and marketing programs to foster ridership growth.

This addition makes LocoMobi the only smart solution for parking, toll road, and transit, encompassing a true transportation infrastructure system all-in-one Cloud Portal. Currently LocoMobi is in the final stages of launching with the most advanced Toll Bridge System in the USA.

“Our goal was always to build a complete infrastructure for Transportation” says Grant Furlane CEO AND Co-founder of LocoMobi, “Being the first in the Cloud we understand the importance of mobility,, as operators look for flexibility and control at affordable costs. It’s just another piece of our Smart City Infrastructure. “

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 offers the largest suite of products including LPR, mobile, pay on foot stations, ticket dispensers, on-street multi-space meters and cloud software. LocoMobi offers innovative apps that drive traffic to businesses and provide real time analytics. Its “Vision intelligence“ offerings allow predictive modeling both for pedestrian and vehicle security. LocoMobi’s recent venture has been in Toll Highways.

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 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  – Moving The World

For more information or investing please visit our website at www.locomobi.com or email grant@locomobi.com.