Tag Archives for: Locomobi

Hapbee Signs MOU With LocoMobi World For Development Of Driver Safety Application

February 21, 2023

Hapbee Signs MOU With LocoMobi World For Development Of Driver Safety Application

 

Supports Expansion Strategy of Building Hapbee into Third Party Applications

 

VANCOUVER, BC, Feb. 21, 2023  – Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1) (“Hapbee” or the “Company”) is pleased to announce it has signed a non-binding Memorandum of Understanding (the “MOU”) with LocoMobi World Inc. – a Smart City technology company specializing in innovative parking, tolling and mobility solutions for the future.

The MOU is the first step in jointly developing an innovative driver safety and performance application (the “Application”). As stipulated in the MOU, part of Hapbee’s contribution to developing the Application is enabling drivers to utilize the Company’s bio-streams, such as Focus, Alert, and Boost, to enhance awareness and safety without having to ingest stimulants.

The Company believes some of its performance-related Signals have safety benefits for drivers. For example, one feature contemplated for development in the MOU is driver-selected or automated Hapbee Signal delivery via in-vehicle seats. Conceptually, the automatic Signal delivery would be triggered by biometric data collected from sensors in the steering wheel or driving patterns recognized by vehicle sensor data. If the Application is successfully developed, Hapbee and LocoMobi World aim to provide the automotive industry with a safe and innovative platform that helps drivers maintain focus to make our roads and highways safer.

According to the U.S. Department of Transportation National Highway Traffic Safety Administration1, “Eight percent of fatal crashes, 14 percent of injury crashes, and 13 percent of all police-reported motor vehicle traffic crashes in 2020 were reported as distraction-affected crashes.”

“This next-generation driver safety solution offers broad impact in both consumer and industrial applications,” said Grant Furlane, CEO of LocoMobi World. “A chemical and stimulant-free solution built directly into the vehicle that delivers increased focus and alertness during long drives has obvious benefits to long-distance trucking, competitive racing and even early morning commutes.”

The Application is intended to be part of LocoMobi World’s AI-based mobility portal, which embeds directly into vehicles. Named one of the Top 30 Fastest Growing Tech Companies in 2021 by the Silicon Review, LocoMobi World enhances e-commerce by transforming a vehicle into a mobile wallet.

“Collaborating with LocoMobi World provides a fantastic opportunity to explore a new potential application for Hapbee’s technology that targets the global challenge of improving driver safety,” added Yona Shtern, CEO of Hapbee. “Building Hapbee’s technology directly into vehicles and integrating with driver biometrics and vehicle data is an exciting prospect for our technology. It could represent a compelling long-term growth vector for Hapbee.”

About The MOU

The MOU establishes the basic terms for the joint development, licensing and distribution of software between Hapbee and LocoMobi World. The two technology companies expect to negotiate specific terms relating to, but not limited to, licensing agreements, intellectual property ownership, statements of work, and development cost sharing.

About Hapbee

Hapbee is a digital wellness technology company that aims to help people take control of how they sleep, perform and feel. Hapbee’s digital wellness library of Wellness Routines utilizes patented ultra-low radio frequency energy (ulRFE®), designed to help optimize users’ sleep, productivity and focus, recovery, and downtime. Hapbee devices and subscriptions are available for purchase at Hapbee.com and through a growing network of select distributors.

You can learn more about how Hapbee works at www.hapbee.com/science

About LocoMobi World Inc.

LocoMobi World Inc. is a cloud-based Smart City technology company specializing in parking, tolling, transit, storage, asset tracking, fleet and threat management solutions. LocoMobi World Inc. has reinvented how people travel throughout the transportation infrastructure in terms of parking, curbside, drive-thru and security. Recently, LocoMobi World was announced as a strategic partner in Project Arrow – the automotive industry’s first Canadian-made, zero emission concept vehicle.

ON BEHALF OF THE BOARD

“Yona Shtern”

Yona Shtern, Chairman and Chief Executive Officer

LocoMobi World Inc. Introduces New Revolutionary License Plate Recognition System at Bay Parc, Miami

October 30, 2019

 

 

 

LocoMobi World Inc. Introduces New Revolutionary License Plate Recognition System at Bay Parc, Miami

 

 

 

Miami, Florida – LocoMobi World Inc. is proud to introduce their License Plate Recognition (LPR) system and CondoPark parking management software in Miami’s premier community, Bay Parc Apartments, owned and managed by Apartment and Investment Management Company (AIMCO). Bay Parc is a 42-story luxury apartment building fronting Miami’s Margaret Pace Park and Biscayne Bay. The Bay Parc Plaza community offers a superb location within walking distance to many downtown area attractions. As part of Bay Parc’s integrated security system, the License Plate Recognition equipment and CondoPark software reads license plates upon vehicle entry and exit of the parking garage in seconds. It grants automated gate access for residents and registered guests without the use of permits, fobs or key cards. Tenants have the ability to log in remotely to invite guests and secure their parking, providing effortless access. Transient visitors have the option to pay at LocoMobi World’s Pay-On-Foot Station or at the Express Payment Station. Merchant tenants can validate visitors’ plates virtually.

 

“By using this integrated system, tenants are able to authorize visitor parking through an online portal by registering their license plates for garage access. AIMCO is able to monitor the parking in real-time, thereby maximizing parking space and revenue,” says LocoMobi World President, Grant Furlane.

 

About LocoMobi World Inc.

LocoMobi World Inc. is a cloud-based Smart City technology company specializing in parking, tolling, transit, storage, asset tracking and threat management solutions. LocoMobi World produces and distributes pioneering technology to government, institutional and parking management clients throughout North America and has a growing platform of transportation infrastructure patents. LocoMobi World provides a full line of products including Pay-On-Foot Kiosks, Pay-On-Exit Stations and Barrier Gates for Commercial and Residential Facilities.

LocoMobi’s leading cloud-based License Plate Recognition (LPR) system offers a refined approach for revenue control, virtual permitting, violation and citation management, toll road management, managed traffic lanes, gated lane environments, as well as residential multi-level condominium building parking control and access.

For more information please visit our website at https://locomobiworld.com

CRANE PAYMENT INNOVATIONS (CPI) ANNOUNCES PARTNERSHIP WITH LOCOMOBI PARKING SYSTEM

May 26, 2017

 

CRANE PAYMENT INNOVATIONS (CPI) ANNOUNCES PARTNERSHIP WITH LOCOMOBI PARKING SYSTEM

 

 

Malvern, PA (May 16, 2017)

 

 

Crane Payment Innovations (CPI), the world-wide leader in providing cash payment solutions and a Crane Co. company, today announced that the company has partnered with Locomobi, a leading provider of reliable parking management solutions, to integrate CPI’s cash recycling technology into Locomobi’s pay-on-foot equipment. Through this partnership, CPI’s SCR bank note recycler is being added to Locomobi stations throughout the United States and Canada. This will allow a smaller footprint as acceptance and change is in one unit which streamlines the designs and provides more options to its customers. Being more streamlined allows adding these options to Exit Stations in the lanes to better service the public.

The SCR is a two-denomination recycler that can collect and dispense cash in a fraction of the time required by traditional cash payment equipment. It also features innovative security features that eliminate the risk of theft, and has a small footprint that can seamlessly be integrated with existing parking access and revenue control equipment. CPI’s SCR, which was introduced last year, is ideal for the parking marketplace and quickly gained widespread adoption throughout the world.

 

“The addition of the SCR to Locomobi’s pay-on-foot equipment will offer unprecedented customer service and security for parking facilities that use Locomobi equipment,” said Bryan Alexander, industry sales manager for Crane Payment Innovations. “The SCR represents a technological breakthrough for parking owners and operators that makes accepting cash just as convenient as taking credit cards. Many parkers prefer to pay for parking with cash rather than credit cards, and the addition of CPI’s SCR is an important customer service amenity for those who prefer to pay with cash.”

 

ABOUT LOCOMOBI:

 

LocoMobi is a cloud-based parking, transit, and tolling company that produces and distributes pioneering technology to government, institutional and parking clients throughout North America including the recent toll system contract award by the Chicago Skyway.

 

LocoMobi has a growing platform of transportation infrastructure patents in mobile payment, access credentials and pending patents on the RideRefund and ParkingPaid applications. LocoMobi’s leading cloud based License Plate Recognition (LPR) system also a  complete  revenue  and  access  engine  that  provides  a  process  for  virtual  permitting  including  violation  and  citation management, toll roads including managed lanes, gated lane environments including parking and residential settings such as multi-level condominium building to grant parking access to residents and their visitors. For more information, visit www.locomobi.com

 

ABOUT CRANE PAYMENT INNOVATIONS:

 

CPI provides a full range of unattended payment solutions for Gaming, Retail, Transportation, Vending, and Financial Services applications. CPI is built upon the technological heritage and market expertise of the NRI, CashCode, Telequip, Money Controls  and, most recently, MEI and Conlux brands.

 

CPI works in partnership with valued customers to enhance its portfolio of high-quality payment solutions – from coin and bill processing to cashless systems and asset management software.

 

CPI is headquartered in Malvern, PA with additional offices, manufacturing facilities, distribution and service centers worldwide. The company holds one of the world’s largest installed bases of unattended payment systems. For more information, visit www.CranePI.com.

 

Crane Co. is a diversified manufacturer of highly engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE:CR).