Novatel Wireless Selected by POM for New Wireless Credit Card Parking Meter Module
June 15, 2011
SAN DIEGO, June 15, 2011 /PRNewswire/ -- Novatel Wireless, Inc. (NASDAQ: NVTL), a leading provider of intelligent wireless networking solutions, today announces that Enfora, Inc., a Novatel Wireless company, has been selected by POM Inc. to supply wireless modules and services for POM's new Parktel™ Credit Card Parking Meter Module.
The Parktel Credit Card Parking Meter Module is designed to provide an easy upgrade to the existing APM-E SII coin-only meters. The modular approach used for the wireless card reader allows for retrofits to housings and domes already installed and are integrated aesthetically into the existing coin-only meter system, affording the simplest, most flexible, cost-effective and thus easy-to-use standard meter on the market today. No installation of new meter domes or coin boxes is required. The Parktel equipped meter has the same trusted, tamper-proof housing used on the current meters.
The Parktel Credit Card Parking Meter Module is a wireless solution that is built on a tightly integrated Enfora module. The solution implemented is part of the Enfora's N4A Intelligent Device offering which features superior performance in a small form factor with ultimate flexibility. Coupled with communications and management platforms, the devices can be provisioned, monitored and reconfigured remotely, anywhere, anytime.
"Enfora has been playing an integral part in the development and commercialization of POM's new wireless and secure Parktel Credit Card Parking Meter module," said Terry Henderson, Marketing Manager for POM Inc.
"We're excited to be working with POM and helping them bring this visionary approach to the market," said Rob Hadley, CMO of Novatel Wireless. "With POM's long history as a leading supplier of parking meters and their vast installed base of trusted and tamper-proof parking meters, adding credit card capabilities via a compact and secure module is proving to provide a key competitive advantage and be a very cost-effective and simple way to upgrade and manage credit card payments."
The new secure wireless transaction capability is provided together with the ability to manage the meters remotely via a simple web-based tool. This will provide a cost-efficient and easy-to-manage wireless solution providing real-time card processing and reporting.
About POM Inc.
POM Incorporated, a privately owned Arkansas corporation is the oldest and largest parking meter facility in the world. Located in Russellville, Arkansas, POM is directly descended from the first parking meter company, Magee-Hale, which was established in 1935. With mechanical and electronic parking meter installations all over the world the company has earned the US Presidential E-Award and E-Star Award for excellence in exporting. POM performs all manufacturing processes in a 65,000+ square foot facility utilizing an average workforce of 100 employees. POM's manufacturing capabilities include electronics assembly and testing, mechanical components assembly and testing, zinc and aluminum die casting, plastic injection molding, machining, and two electrostatic paint lines with bake ovens. Our facility is ISO 9001:2008 quality certified and we are the only producer of American made parking meters.
About Novatel Wireless
Novatel Wireless, Inc. is a leader in the design and development of intelligent wireless solutions based on 2G, 3G and 4G technologies providing wireless connectivity. The Company delivers specialized wireless solutions to carriers, distributors, retailers, OEMs and vertical markets worldwide. Novatel Wireless' Intelligent Mobile Hotspot products, software, USB modems, embedded modules and smart M2M modules provide innovative anywhere, anytime communications solutions for consumers and enterprises. Headquartered in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL. For more information please visit www.novatelwireless.com. (NVTLG)
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Novatel Wireless' products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Novatel Wireless' filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies.
(C) 2011 Novatel Wireless, Inc. All rights reserved. The Novatel Wireless name and logo, Enfora, and N4A are trademarks of Novatel Wireless, Inc. or its subsidiaries. Other Company, product or service names mentioned herein are the trademarks of their respective owners.
SOURCE Novatel Wireless, Inc.
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