Company Information

Industry: Electronic Vehicle License Plates

Founded: 2006, South Carolina LLC

Financial Information:

?Pre-Revenue, Pre-Venture Capital
?South Carolina EPSCoR Grant Awarded
?South Carolina Launch Grant Awarded
?2007 New Ideas for a New Carolina Business Idea Competition Winner


IP: Electronic Vehicle License Plate, Energy Harvesting Battery, E-Paper, Wireless Communication: Patent Issued

Target Market: State Department of Motor Vehicles agencies

South Carolina Research Authority (SCRA): Compliance Innovations, LLC is a member of the SCRA, a highly selective program for the most promising technology startup companies from the University of South Carolina. The SCRA has a rigorous due diligence and review process, and provides business expertise from an experienced full-time staff with extensive experience in entrepreneurship, venture capital and investment banking.

Product Information

The Problem:  
?Uninsured Motorist (Cost an estimated 150 billion in the US alone)
?Current vehicle identification technologies are 60+ years old
?Stocking and managing diverse license plate inventories are costly
?Entities relying on stickers (month/year decals) are ineffective for their intended purposes
?Attempts to remedy these problems have only been marginally effective (license plate readers, RFID, digital license plate, etc…)


Our Solution:  
?Compliance Innovations patented application for e-paper utilization with the 21st century electronic tag
?The ability to produce a vehicle license plate which can be change wirelessly to reflect current registration status
?A digital license plate with ultra low power consumption and kinetic energy harvesting capabilities
?Provide visible compliance status to law enforcement and the driving public


Competitive Advantage:  
?No other product with immediate visible compliance notification
?Product can be tied into the existing Amber Alert notification system
?Eliminate month/year decals. If concept is still requested, it would be part of the display
?Issuing agencies can use one Compliance Innovations license plate to issue every type of license plate (Only one type of plate needed in inventory)
?Increase revenue (County, Local, Municipal, State. etc.)
?Increase compliance rate
?Increase highway safety
?Increase insurance industry revenue
?Used by law enforcement in the visible notification of a crime committed (stole plate, stolen vehicle, etc.)
?Law enforcement will no longer be required to collect suspended license plates only ( known as memorandum officers)
?Eliminate decal fraud (internal and external)
?Decrease DMV walk-in customers on plate exchanges (example: USC to Clemson, etc., completed by electronic means)
?Eliminate International Fuel Tax Agreement (IFTA) decals, IFTA decals can be incorporated into Commercial Motor Vehicle (CMV)
?Incorporate the Unified Carrier Registration (UCR) program into the CMV plates (38 jurisdictions participate in this program)
?Incorporate USDOT numbers into CMV plates (these change frequently, depending on who the carrier is leased to)