PORTLAND, Ore., April 25,
2024 /PRNewswire/ -- PayRange Inc., an innovator in
mobile payment solutions and hardware for automated retail, has
entered into a non-exclusive licensing arrangement with WASH
Multifamily Laundry Systems, LLC (WASH). WASH is one of the
country's largest providers of laundry facilities management
services serving apartment properties, condos, college and
university residence halls, military bases, and other multi-housing
sectors. This agreement licenses PayRange's patents for use with
the WASH-Connect Mobile Payment App. The agreement continues for
the term of PayRange's patents.
"WASH has been a long-time customer of PayRange, and we're
pleased to be extending our partnership with this licensing
agreement," stated Paresh Patel,
Founder and CEO of PayRange. "We are really impressed with the
long-term vision WASH has for providing innovative technology and
services to its customers and we look forward to playing a part in
bringing those visions to reality."
Jim Gimeson, CEO of WASH,
reflected on the company's ethos, stating, "We're a privately held
company founded in 1947 and we hold dear our reputation for
integrity and ethical practices. As operators, we hold a deep
respect for the innovations PayRange has brought to elevate the
laundry industry."
Under the terms of the agreement, a licensing fee per mobile
transaction will be assessed for use of the licensed mobile
application payment technology.
About PayRange:
PayRange was founded by Paresh
Patel, an unattended retail veteran, to provide operators
and consumers with a simple and secure mobile payment and loyalty
solution for laundry, vending, amusement, and other small ticket
merchants. PayRange is the North American leader in mobile payments
for unattended retail, with over 7 million users and a network of
machines throughout 350 cities and towns in the US and Canada. Find out more at:
https://www.payrange.com
About WASH:
WASH introduces ease and convenience into the laundry experience
with their tech-forward solutions, expert management and
top-of-the-line equipment. A multinational company operating in 25
U.S. states and 8 Canadian provinces, WASH provides a variety of
innovative laundry solutions for multifamily, campus and on-premise
laundry operations. Our core product offerings include full-service
management of common-area laundry rooms as well as sales and
distribution of commercial and on-premise laundry equipment from
leading manufacturers. WASH is a privately held company founded in
1947 and based in Torrance, Calif.
You can learn more about how WASH is transforming laundry at
www.wash.com or calling 800-421-6897, ext. 1600.
Media Contact:
Stephanie Cordisco
(503) 974-8228
376761@email4pr.com
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SOURCE PayRange