License plate recognition provider PlateSmart Technologies recently reached an exclusive licensing agreement with PRA Location Services to provide LPR technology for the company’s repossession and recovery services nationwide.

Officials highlighted PlateSmart partnered with PRA Location Services, a business of PRA Group, as the exclusive licensee to the repossession and recovery vertical because of PRALS’ position in the recovery market, its financial stability as part of a public company and its substantial nationwide system deployment commitment.

“PlateSmart was a perfect fit for our next wave of nationwide LPR system deployments because its disruptive LPR solution is accurate, simple to install, and will dramatically reduce monthly system costs for our recovery agents,” said Steve Roberts, president of PRA Group’s business and government services.

PlateSmart’s software-only LPR solution includes these features:

—Affordable cameras that are completely adjustable for different use cases

—Option to mount cameras on either the exterior or the interior of the vehicle

—Simple installation and set-up in just minutes, with plug-in cabling and power

—State-of-the-art data management with an intuitive, easy-to-use interface and simple camera calibration

“We selected PRALS because we share a similar vision and philosophy — strong marketplace leadership now and cutting-edge innovation for the future,” PlateSmart chief executive officer John Chigos said. “This arrangement is a win-win solution that allows our best-in-class LPR solution to be deployed by a clear leader in the repossession and recovery industry.”

PlateSmart has continued to expand in a wide variety of vertical markets including physical security, counterterrorism and business intelligence.

The company recently earned the 2015 Govies Award in video analytics from Security Products for its innovative new high-definition LPR engine, which will soon be a standard feature in all PlateSmart solutions. This is the second Govies award in a row for PlateSmart, which won in the same category last year for its ARES LPR-based enterprise video analytics solution.