April 21, 2015 – Toronto, Canada

LocoMobi is pleased to announce the most advanced innovation in reader technology to date. The innovation is an extension of our proven patent pending technology, Bluetooth Gate Kit, whereby the Bluetooth device capabilities have been expanded to work with multiple technologies. This means the Gate Kit controller will have “onboard” processing and functional capabilities to read; RFID , Bluetooth devices and GPRS. This will allow users to utilize the LocoMobi Cloud Portal to manage permit and transient users.

Wireless means no expensive wiring…

Each lane is powered by a LocoMobi Gate Kit unit at the lot entry point. The system is entirely wireless, enabling account management of all linked lanes through a cloud admin portal, providing users ease of accessibility to real-time data and true mobility.

Lost link to Internet … No PROBLEM

The Gate Kit controller stores all the card databases at the lane so the system can operate in offline mode.

“What we did is take the complication of entry and exit permit management systems and simplified it”, says Grant Furlane, CEO and Co-Founder of LocoMobi. He further adds: “Utilizing a Cloud based system as a global gate controller allows all different technologies to coexist in unison. They can operate as one or as a group as needed. This management approach provides an efficient accessibility point for managing not one, but hundreds of facilities at a time. Using a simple lane controller at the foundation of the infrastructure will effectively maintain a quick and seamless flow of movement in the lot.”

The newest version of Gate Kit is in transit and is ready for implementation. The second version to be released in 90 days will have Licence Plate Storage included.

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.

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 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 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 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.

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.