Photo Violation Technologies Corp.: New Parking Meter Provides Every
Way to Pay and Takes Your Picture if You Don't!
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 20, 2005--
PhotoViolationMeter(TM) Makes Parking Fair for All Users
Photo Violation Technologies Corp. ("PVT"), a leader in
technologically innovative parking meter solutions, is pleased to
announce the launch of its patented PhotoViolationMeter(TM) ("PVM").
This self-enforcing parking meter is easy to use, fair, and permits
municipalities to keep parking rates low by increasing revenue through
compliance. This dynamic new meter uses a combination of sensors,
photography, and wireless technology to make it the only parking meter
that enforces itself while giving municipalities more than five times
the revenue of current on-street meters. Partnered with industry
leaders such as IBM, PVT's robust back-end server provides
municipalities with secure and reliable implementation. With product
trials scheduled for January 2006, the PVM is positioned to forever
change the way the world pays for on-street parking.
The PVM makes parking fair for all users by providing every way to
pay. Drivers have the convenient option of paying by coin
(multiple-currency accepted), phone, debit, credit card, or smart
card, right at their vehicle. User-friendly features include a No-Fine
option, Grace Periods and Instant Notifications (all patent pending),
all of which make the PVM a quick and simple solution for busy drivers
in the 21st Century. The No-Fine feature gives drivers the option to
simply swipe a credit card and the PVM incrementally adds time to the
meter, billing the credit card as time passes, and stops billing the
minute the vehicle pulls away. The Grace Period feature is available
to drivers who are running late, allowing payment at the meter for
expired time, rather than receiving a violation. If they cannot return
within the Grace Period, they have the option to pay for violations at
the meter for a discounted fine. Additionally, the Instant
Notification feature notifies the driver of, and prevents payment for,
rush hour and no-parking conditions, preventing user vehicles from
being towed. The option to add time remotely by phone, eliminating any
third party provider fees, is already integrated into the PVM, and
surpasses stand-alone pay-by-phone systems. Features such as these
ensure drivers pay for the time they use, no more, no less.
Municipal governments will greatly benefit from this revolutionary
system as it delivers more than five times the revenue compared to the
current coin meters or on-street multi-space pay-and-display units.
Patented technology makes the PVM the only meter in the industry which
can enforce itself by issuing photo violations automatically. When a
vehicle parks and moves away without payment, the camera takes a
picture of the offending vehicle's license plate and sends it to the
central processing center. The PVM will drastically cut down on
violation disputes and court time by providing a picture of the
offending license plate to prove the vehicle was in violation. This
self-monitoring meter allows municipal parking personnel to maximize
their time and eliminate inefficiencies.
The PVM increases compliance to pay parking meter charges and will
help keep municipalities' parking rates low. Ensuring everyone pays
for parking, the PVM provides multiple ways to pay for those who do
comply, and issues violations for those who do not. Added benefits of
the system include minimized public frustration by giving users every
way to pay and a safer working environment for enforcement officers.
PVT is pleased to have the support of IBM, who will supply the PVM
with a robust back-end server, hosting and maintenance services,
minimizing municipalities' worry about downtime, protection of data
and server back-ups. John Roberts, a partner at IBM Business
Consulting Services, commented, "IBM is pleased to be assisting PVT in
the development of their innovative solutions, and we look forward to
contributing to PVT's success by providing consulting, integration and
support services to their customers in municipal government."
This approach minimizes effort and costs for municipalities, which
enables rapid implementation of the complete system. Access to all
functionalities will be available from anywhere, anytime, using a web
browser on any Internet enabled computer.
Photo Violation Technologies product trials are scheduled for January
2006, with the anticipation that the first units will be available to
install in a location near you by early 2006.
Photo Violation Technologies Corp. is a private Canadian corporation,
with subsidiaries in Europe and Asia, that has developed a patented,
technologically innovative parking meter system - the
PhotoViolationMeter(TM). Photo Violation Technologies Corp. has
successfully forged relationships with Fortune 500 companies and
global suppliers such as IBM, Honeywell, and Motorola. These
relationships ensure the future success of Photo Violation
Technologies Corp. on a global scale. Photo Violation Technologies is
proud to be working with these partners to develop the most
sophisticated parking system. Together we are Revolutionizing The
Parking Industry(TM) by Perfecting How People Park(TM) through the
PhotoViolationMeter(TM) solution.
This document may contain forward-looking statements. These statements
present management's expectations, beliefs, plans, and objectives
regarding future events and conditions and, as such, involve inherent
risk and uncertainties. Actual results could be significantly
different from those projected.
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