Passport Reports Record Q3 Results

Passport, the leading provider of mobile payments for parking and transit, today reports company and product highlights for the third quarter ending September 30, 2015.

“We finished an outstanding quarter with a record for client deployments. This is a strong testament to our team’s commitment to innovation, partnership, and building the best technology in the marketplace. The excitement that our platform brings to change the way people travel around cities is amazing. When you focus on creating quality products that solve real world challenges, the results take care of themselves,” said Brad Powers, Chief Technology Officer.

Q3 2015 Company Highlights

Q3 2015 Mobile Pay Highlights

• Passport launched in 34 locations amounting to over 38,000 parking spaces added.
  Notable deployments included:
• Detroit, MI ParkDetroit successfully launched and is recording recordbreaking adoption rates, reaching 14% utilization within 2 months on the city’s 3,000 parking spaces
• Boston, MA ParkBoston completed its citywide deployment and is now available at all 8,000 parking spaces across the City of Boston
• International Expansion: Passport partnered with Robbins Parking and the City of Timmins, Ontario to expand its mobile footprint in Canada by over 3,000 parking spaces
• 7 Campus Launches: Passport introduced its mobile solution to over 12,000 campus parking spaces across the country

Passport has solidified its position as the leading parking and transportation technology provider with the addition of 38,000 parking spaces this past quarter. Passport’s recordsetting Q3 proves monumental for the company with 34 client launches and over 20 new client deployments in the coming months. As Passport’s multimodal vision of parking and transportation resonates in the market, the company expects to exponentially grow in mobile installations throughout the U.S. and Canada in order to deliver a simplified transportation experience.

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About Passport

Passport is the industryleading mobile payments company specializing in integrated urban mobility solutions. The company provides feature rich software platforms that offer parking and transit agencies a more effective and efficient way to manage their operations and serve their customers. Passport’s mobile payment systems are deployed in over 1,000 locations in 43 states and provinces across the US and Canada, with clients such as Chicago, Toronto, and Boston.

Headquartered in Charlotte, NC, Passport is backed by a highly respected group of investors, including Grotech Ventures and Relevance Capital. For more information, please visit www.gopassport.com