The Problem:
- Uninsured Motorist (Cost an estimated 150 billion in the US alone)
- Current vehicle identification technologies are 60+ years old
- Entities relying on stickers (month/year decals) are ineffective for their intended purposes
- Attempts to remedy these problems have only been marginally effective (license plate readers, RFID, digital license plate, etc…)
Our Solution:
- Compliance Innovations patented application for e-paper utilization with the 21st century electronic tag
- The ability to produce a vehicle license plate which can be change wirelessly to reflect current registration status
- A digital license plate with ultra low power consumption
- Provide visible compliance status to law enforcement and the driving public
Competitive Advantage:
- No other product with immediate visible compliance notification
- Product can be tied into the existing Amber Alert notification system
- Eliminate month/year decals. If concept is still requested, it would be part of the display
- Increase revenue (County, Local, Municipal, State. etc.)
- Increase compliance rate
- Increase highway safety
- Increase insurance industry revenue
- Used by law enforcement in the visible notification of a crime committed (stole plate, stolen vehicle, etc.)
- Law enforcement will no longer be required to collect suspended license plates only ( known as memorandum officers)
- Eliminate decal fraud (internal and external)
- Eliminate International Fuel Tax Agreement (IFTA) decals, IFTA decals can be incorporated into Commercial Motor Vehicle (CMV)
- Incorporate the Unified Carrier Registration (UCR) program into the CMV plates (38 jurisdictions participate in this program)
- Incorporate USDOT numbers into CMV plates (these change frequently, depending on who the carrier is leased to)