PlateSmart Wins Major Technology Innovation Award

PlateSmart Technologies has been awarded the 2013 Technology Innovation Leadership Award for License Plate Recognition by Frost and Sullivan, the Texas-based growth consulting firm widely recognized as one of the leading arbiters of excellence and innovation in the industrial world. The award places PlateSmart in the ranks of technology leaders such as AT&T and IBM, both past recipients of Frost and Sullivan awards for excellence.

The award comes as the result of a research study, to be published by Frost and Sullivan later this month, which surveyed a number of License Plate Recognition (LPR) manufacturers and found PlateSmart’s product line to be the field’s clear standout in terms of uniqueness, functionality, and value to customers. A decisive factor in the study was PlateSmart’s software-only approach to LPR, which the researchers praised for “liberating the market from hardware-based solutions.” The report also took particular note of the Company’s ARES Enterprise LPR-based video analytics software, saying that the product allows for a “deeper and broader level of data analytics” that anticipates industry trends.

PlateSmart Founder and CEO John Chigos said, “We are deeply honored to accept this award from Frost and Sullivan. It is a welcome affirmation of the years of intensive research and development that we have invested in PlateSmart. This is a proud day for our entire team.”

Frost and Sullivan Senior Research Analyst Archana Srinivasan said, “As a software only technology company, PlateSmart offers its customers more than just LPR. The successful image recognition process is the most important aspect of LPR and PlateSmart has created a technology that is leagues ahead of what is presently there in the market. In a market dominated by camera dependent LPR technology, PlateSmart has successfully established itself as a leading player with its unique camera independent technology. Being pioneers in the field of next generation LPR systems, PlateSmart is innovating in the right direction by optimizing its solution towards business intelligence, data mining and behavior analytics sectors. By leveraging these markets, PlateSmart will be taking license plate recognition to a new level.”

About PlateSmart

PlateSmart is manufactured exclusively by Cyclops Technologies, Inc., a privately owned company located in Oldsmar, Florida that was incorporated in 2004. PlateSmart is the world’s first software-only License Plate Recognition solution. The company’s staff consists of mathematicians, video engineers, attorneys, software developers, IT specialists, and former law enforcement personnel.