The American Repossessor

DALLAS (May 13) — Fortum Corp., a leading provider of license-plate recognition (LPR) technology to the repossession and recovery industry, today announced an exciting new program that will provide free camera systems to approved agents.

Along with receiving a free, fully functioning, two-camera LPR system, approved agents will also become part of Fortum Recovery’s national forwarding network, making them eligible to immediately recover vehicles identified by the LPR technology.

Under this new program, recovery agents also will be able to search their own historical plate scans for new matches at no charge.

“This is truly an exciting milestone for the repossession and recovery industry,” said Stephen Brockway, Fortum’s CEO. “LPR technology is quickly becoming standard for the most successful recovery agents, and we see this new program as an accelerator of that evolution.”

The free camera system includes two video cameras with infrared illuminators, a video-processing unit, and a laptop computer pre-installed with the world’s most advanced LPR software. Fortum’s cameras are small enough to be easily positioned on the inside of a recovery truck, making the system truly portable.

Fortum will continue its exclusive partnership with PlateScan to provide the underlying LPR technology for its camera systems. PlateScan’s technology is the most advanced LPR software available and is widely used by law enforcement agencies nationwide as well as by the Department of Homeland Security.

Making this offer even more attractive is the price. To obtain the most sophisticated LPR system available, along with gaining access to a growing database of vehicles available to be recovered, agents will only need to make a minimal security deposit and then pay a small monthly access fee. Approved agents will also receive full IT and technical support, including installation training. If a system malfunctions and can not be repaired, a new system will be shipped out within 72 hours.

“Not only is the program very affordable for recovery agents, but they will also be using the industry’s most advanced technology,” Brockway said. “We are working with a number of financial institutions to include their repossession lists in our database and expect a full slate of orders when the program launches.”

Fortum is now accepting pre-orders for this free camera program. The camera systems will be shipped in June and the system will go live in early July.

More information can be obtained by emailing info@fortumglobal.com or calling (877) 306-7955. Fortum will also host a series of webinars for recovery agents to discuss this exciting new program. Dates and times will be posted to www.fortumglobal.com in the near future.

ABOUT US

Fortum has been a leader in the commercial development of license-plate recognition technology since 2006. Along with offering license-plate recognition technology to the automotive recovery industry, Fortum also owns its own repossession forwarding company and provides skiptracing services to the financial services industry. Dallas-based Fortum offers a wide array of products and services to help financial institutions locate delinquent borrowers and identify and recover defaulted collateral. More information is available at www.fortumglobal.com.