Ft. Worth, Texas September 19, 2012—Digital Recognition Network (http://www.drndata.com), the world leader in license plate identification, asset recovery solutions and fraud mitigation reports that time is money when it comes to asset recovery time is money.
LPR2.0 is one of DRN‘s asset recovery solutions that allow the recovery of a vehicle faster than any of the other asset recovery solutions on the market. It does this by instantly and simultaneously cross-checking multiple vehicle location report databases. Key to this capability are the mobile license plate identification cameras on vehicles in every major metropolitan area of the country. Coupled to DRN‘s LPR data analytic software, the scanned license plates are fed into DRN‘s own large database at the rate of 50-million cars each month. Because LPR2.0 operates with the use of so many LPR data bases, asset recovery companies benefit from a “network effect,†allowing asset recovery (and recovery of their value) faster.
“Our asset recovery solutions improve the balance sheet by accelerating the time-value of exposed assets,†said Chris Metaxas, CEO of DRN. “This gives our clients corresponding redemption or a reduction in asset charge offs. So much so that they get a 7% to 10% uplift in their time asset value,†he said.
About DRN
Digital Recognition Network (DRN) is a data company exclusively focused on license plate identification, asset value preservation, fraud mitigation and on automotive data derived from license plate identification. By recovering, storing and grouping data on vehicle location, where vehicles go and who drives them, DRN is able to provide value to clients to help them make better, more profitable decisions while preserving asset value. An industry pioneer in vehicle asset location technology and asset recovery, DRN fuels a national network of more than 550 affiliates employing mobile license plate recognition technology that gathers the automotive data. Because this license plate identification technology is used in every major metropolitan area in the United States, DRN captures automotive data on up to 50 million vehicles each month. With more than three-quarter billion data points gathered to date, DRN has the largest vehicle location data base in existence. We are proud to maintain strict standards for privacy, compliance, and data integrity. For more information visit: http://www.drndata.com.