TagMaster granted new patent in the USA regarding toll solution

Press release, Stockholm, Sweden 12 November 2019

TagMaster, a leading supplier of advanced sensor systems for Smart Cities within Traffic and Rail, has been granted a patent in the USA for a software solution for combining information from a number of antennas in electronic toll solutions and thereby increasing the efficiency of the system.

The patent, which has number 10.438.482 and has been issued by the United States Patent and Trademark Office, describes a method for using received signals from a plurality of separate antennas in a multilane installation. By combining data can the specific lane of a particular vehicle be determined.

Determination of lanes is fundamental to electronic toll solutions and the now patented innovation provides a very cost effective and accurate solution. This is of particular importance in the difficult environment of multi-path reflections when using for instance UHF RFID for road tolling.

“The granting of our patent application further recognizes the high quality of our innovation work. In addition, it gives us strength in the relationships with key market players for tolls as the solution has been developed in response to actual market needs and within a priority area for us”, said Jonas Svensson, CEO, TagMaster.

For further information, please contact

Jonas Svensson, CEO, +46 8-6321950, jonas.svensson@tagmaster.com

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, vision and magnetic technology for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster, CitySync, Balogh, CA Traffic, Magsys, Hikob and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has subsidies in UK, France and US and exports mainly to Europe, The Middle East, Asia and North America via a global network of partners and systems integrators. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on Nasdaq First North Growth Market in Stockholm, Sweden. TagMasters certified advisor is Erik Penser Bank phone +4684638300, E-mail: certifiedadviser@penser.se www.tagmaster.com

About Us

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, magnetic and vision technology for demanding environments. Business areas include Segment Europe and Segment USA sold under the brands TagMaster and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has subsidiaries in UK, France and US and exports mainly to Europe, The Middle East, Asia and North America via a global network of partners and systems integrators. TagMaster was founded in 1994 and has its headquarters in Kista. TagMaster is a public company and its shares are traded on Nasdaq First North Premier Growth Market in Stockholm, Sweden. TagMasters certified advisor is FNCA Sweden, phone +46852800399, E-mail: info@fnca.se, www.tagmaster.com

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The granting of our patent application further recognizes the high quality of our innovation work. In addition, it gives us strength in the relationships with key market players for tolls as the solution has been developed in response to actual market needs and within a priority area for us
CEO, Jonas Svensson