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 ( www.PangoUSA.com). 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. SOURCE PangoUSA
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