This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U.S. Cities Benefit Financially From Pay-By-Phone Street Parking Patent

NEW YORK, April 2, 2013 /PRNewswire/ -- Neil Edwards, president of PangoUSA, is pleased to announce that the pay-by-phone street parking system, based upon U.S. Patent number 5,940,481, is available now to United States cities and parking operators through PangoUSA (  Auburn, New York and Latrobe, Pennsylvania are the first two cities to have agreements to use the Pango Street Parking system in the United States and PangoUSA is in discussion with other urban centers across the country.

The City of Auburn, New York, selected Pango through a competitive request for proposal bid process.  "We selected Pango because they had the patent, and they responded with the most compelling proposal," said Doug Selby, Auburn City Manager.  

"Pango invented the science behind the pay-by-phone parking management system," said Neil Edwards, "The U.S. patent (US No. 5,940,481) was awarded in August 1999 confirming the company's original invention well before the industry was introduced to pay-by-phone mobile parking management systems."

The Pango system provides cities and parking operators with increased revenues, decreased operating costs, and better control of their parking assets.   For drivers, the Pango system provides the convenience of pay-by-phone for parking (no more coins) as well as alerts and coupons. 

Edwards continued, "We are excited to have Auburn and Latrobe, Pennsylvania actively using the Pango system.  Cities can increase their parking revenue by a minimum of 10% to 20% using Pango's Parking pay-by-phone and decrease their parking operating costs by at least 10%.   We hope more cities and parking operators will benefit from the science behind the Pango patent in the coming years."

The U.S. Patent and Trademark office awarded the U.S. Patent in August 1999 to MobyDom (authored by Shlomo Zeitman founder of MobyDom), the Israeli parent company of PangoUSA.  MobyDom developed the world's first pay-by-phone parking management system, Pango, in 2006.   This patent is the original blue print profiling the complicated methods on how a city or parking operator can manage their on-street parking spaces by allowing a driver to reserve and pay for a space by any mobile device, and allow the city or parking operator to enforce payment or report upon their on-street parking usage.   

Today, the Pango system, based upon the U.S. patent and patents in Israel, Hong Kong and China, is live in 47 cities around the world with about 1 million drivers generating approximately 2 million transactions monthly. Pango invented the science behind the pay-by-phone parking management system.


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs