NEW YORK, June 10, 2019 /PRNewswire/ -- PayTollo, a
mobile payment platform for toll roads and bridges that gives Toll
Authorities and drivers a streamlined payment option, announced
today that its service offering has expanded and now can be used
on major thoroughfares in California, Texas, Florida, Colorado and Washington (state).
PayTollo simplifies the tolling experience for drivers, from
paying tolls across different toll roads and bridges to account
management and billing, all through the use of the PayTollo mobile
app. For Toll Authorities transitioning to All-Electronic Tolling,
PayTollo reduces costs and the time needed to collect funds by
eliminating the need for DMV look-ups and paper invoices.
PayTollo's GPS Toll Recognition Technology algorithm and user
interface delivers the ability to notify, verify and charge a user
for toll crossings. For more information on PayTollo, visit
www.paytollo.com.
"Expanding PayTollo's service offering to now include
California, Texas, Florida, Colorado and Washington is a major step forward in our
effort to provide our streamlined tolling solution to drivers and
toll authorities across the country," said Joe Verbrugge, SiriusXM's EVP and Division
President, Connected Vehicle. "With this expansion, PayTollo now
serves several of the country's high traffic regions and our
time-saving and easy to use technology has the potential to benefit
millions more drivers."
PayTollo was recently acquired by Automatic, a SiriusXM
company that brings the power of connectivity to most cars on the
road with its easy to install adapter and app. As an alternative to
the PayTollo app, drivers can also use PayTollo's tolling solution
with an Automatic adapter, which is available for purchase at the
low price of $99.99. For more
information on the many benefits of Automatic, and to purchase an
Automatic adapter and subscription, go to www.automatic.com. The
Automatic adapter will soon also be available at several national
and major online retailers.
All Automatic subscriptions, including trial subscriptions, are
governed by the terms of the Automatic Customer Agreement.
Consumers can access the Automatic Customer Agreement at
https://automatic.com/legal2018#customer. Please see the Customer
Agreement for complete terms and how to cancel.
The Automatic device collects detailed information about each
vehicle's geolocation, use, operation, performance and maintenance
status in order to operate, maintain, and provide the features and
functionalities of the Automatic Service.
About PayTollo
Core to the PayTollo Platform is its patent pending GPS Toll
Recognition Technology (TRT). TRT is PayTollo's proprietary
algorithm and user interface, which allows the ability to notify,
verify and charge a user for toll crossings. PayTollo's platform
technology includes account management, payment processing, and
customer service. PayTollo is a complete "end to end" solution for
consumers and enables the Toll Authority to reduce DMV look-ups,
billed invoices, and get real-time verification. PayTollo reduces
Toll Authority costs and time needed to collect funds. All Toll
Authority clients have access to online dashboards for Executive or
IT level management reports to monitor PayTollo users within the
toll agency infrastructure. For more information, visit
www.paytollo.com.
About Automatic
Automatic Labs Inc., a SiriusXM company, turns almost any car
into a connected car. By pairing Automatic's app and in-car
adapter, drivers are able to enhance their driving experience with
a host of connected services. Automatic helps customers drive safer
and smarter with applications that diagnose engine trouble, detect
accidents, send emergency responses when needed, and save money.
Developers can use the Automatic platform to build services and
applications that use driving data with interoperable access to
cars on the road. Automatic is headquartered in San Francisco. For more information, visit
www.automatic.com and www.linkedin.com/company/automatic-labs.
To download Automatic logos and artwork, visit
automatic.com/press.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest
audio entertainment company, and the premier programmer and
platform for subscription- and advertising-supported audio
products. With the recent addition of Pandora, the largest
streaming music provider in the U.S., SiriusXM reaches more than
100 million people with its audio products. For more about the new
SiriusXM, please go to: www.siriusxm.com.
This communication contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements include, but are not limited to,
statements about future financial and operating results, our plans,
objectives, expectations and intentions with respect to future
operations, products and services; and other statements identified
by words such as "will likely result," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon the current beliefs and
expectations of our management and are inherently subject to
significant business, economic and competitive uncertainties and
contingencies, many of which are difficult to predict and generally
beyond our control. Actual results and the timing of events may
differ materially from the results anticipated in these
forward-looking statements.
The following factors, among others, could cause actual
results and the timing of events to differ materially from the
anticipated results or other expectations expressed in the
forward-looking statements: our substantial competition, which is
likely to increase over time; our ability to attract or increase
the number of subscribers, which is uncertain; our ability to
profitably attract and retain more price-sensitive consumers;
failure to protect the security of personal information about our
customers; interference to our service from wireless operations; a
decline in the effectiveness of our extensive marketing efforts;
consumer protection laws and their enforcement; our failure to
realize benefits of acquisitions or other strategic initiatives,
including the acquisition of Pandora Media, Inc.; unfavorable
outcomes of pending or future litigation; the market for music
rights, which is changing and subject to uncertainties; our
dependence upon the auto industry; general economic conditions;
existing or future government laws and regulations could harm our
business; failure of our satellites would significantly damage our
business; the interruption or failure of our information technology
and communications systems; rapid technological and industry
changes; failure of third parties to perform; our failure to comply
with FCC requirements; modifications to our business plan; our
indebtedness; damage to our studios, networks or other facilities
as a result of terrorism or natural catastrophes; our principal
stockholder has significant influence over our affairs and over
actions requiring stockholder approval and its interests may differ
from interests of other holders of our common stock; impairment of
our business by third-party intellectual property rights; and
changes to our dividend policies which could occur at any time.
Additional factors that could cause our results to differ
materially from those described in the forward-looking statements
can be found in our Annual Report on Form 10-K for the year ended
December 31, 2018, which is filed
with the Securities and Exchange Commission (the "SEC") and
available at the SEC's Internet site
(http://www.sec.gov). The information set forth
herein speaks only as of the date hereof, and we disclaim any
intention or obligation to update any forward looking statements as
a result of developments occurring after the date of this
communication.
Source: SiriusXM
Media contacts for SiriusXM:
Andrew FitzPatrick,
Andrew.FitzPatrick@SiriusXM.com
Kevin Bruns,
Kevin.Bruns@SiriusXM.com
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SOURCE Sirius XM Holdings Inc.