Francisco Martinez de Velasco visited Neology offices in Mexico City

On Wednesday, July 19, Francisco Martinez de Velasco, Neology’s CEO, met with employees at the Neology office in Mexico City. Mr. Martinez announced Neology’s recent acquisition of the Tolling and Automated License Plate Recognition (ALPR) business of 3M’s Traffic Safety and Security Division. He then outlined Neology’s strategy on automatic vehicle identification (AVI) mobility solutions, Neology’s new corporate structure and strategy, and its adoption for the Mexican market. He also spoke about extending Neology’s partner network in tolling; electronic toll collection; ALPR and software solutions. Neology’s Mexico office, together with Controles Electromecánicos, have been significant players in Mexico and other Latin American markets in ETC, AVI, and electronic vehicle registration solutions.