iSIGN Media Solutions Inc V.ISD.H

News

[Widwilly]

Smart City Services International Announces the Addition of iSIGN Media’s HALOfx Tracing and Messaging Technology to its Private and Public Transit Partners

 

04/26/2022 12:19:00 PM

 

IRVINE, Calif., April 26, 2022 (GLOBE NEWSWIRE) -- Smart City Services International (SCSI) is pleased to announce the acquisition of the newly developed HALOfx tracing and mobile messaging technology from  iSIGN Media Solutions Inc. (iSIGN) (TSX-V: ISD) (OTC: ISDSF), including leading edge Passive Historical Contact Tracing (PHACT) mobile device and individual passenger numeration to verify and validate each in-coming and exiting passenger on any transit vehicle.

The immediate plan is to equip one hundred private transit buses with one or two HALOfx units each, depending on the capacity of the bus, as soon as possible, with the goal to have 1,000 vehicles equipped with HALOfx units by the end of 2022.

Mexico and most Latin American countries to a large degree rely on currency payments by passengers. The use of HALOfx and PHACT technologies will allow transit companies to independently validate the number of riders and calculate the cash fares being collected, resulting in improvements to ROI and increased data gathering on riders. HALO technology can also be used for public safety and security alerts as well as public, tourist and brand advertising to generate additional revenue to transit operators and provide data to advertisers, thus improving ROI and increasing the data being gathered on its passengers.

The addition of HALO and HALOfx technology to SCSI’s existing partnership with Payolog, a global payment and Smart City Solutions Leader, will increase accountability throughout private and public transit locations, stations and onboard vehicles as a unified network. The new technology allows for the introduction of loyalty programs and rewards for passengers using public transit through a joint collaboration between SCSI, Payolog and iSIGN. It is believed that the introduction of a loyalty rewards program combined with cashless ticketing will result in increased ridership levels as well as further increasing the safely of drivers and passengers.

Sal Haro, CEO & President at SCSI - “Adding a rewards program for transit owners provides an additional revenue stream to the transit industry. The transit industry is ready to offer these additional benefits to their passengers. We are excited to be in this partnership and offer these services to Mexico.”

Alex Romanov, CEO at iSIGN - “SCSI has projected the first one thousand vehicles for the remainder of this year and three thousand vehicles for 2023 and each year following to cover and provide services to one of the world’s largest transit systems. Our partnership with SCSI and their Smart City digital and mobile payment partners will have iSIGN’s full support to provide networks from transit to airports and commerce in Mexico, USA and beyond.”