Consolidated Asset Recovery Systems, a Raleigh-based leader in repossession and remarketing services, and MVTRAC, a premier provider of cradle-to-grave location and recovery solutions and home of the neural Automatic License Plate Recognition

(ALPR) system called The Intelligent Data Network™, have announced a new strategic partnership. The partnership allows Consolidated to use top-of-the-line technology to immediately locate vehicles of interest and execute compliant skip-tracing and instant-recoveries through MVTRAC’s ALPR software.

Through this partnership, MVTRAC’s ALPR technology is seamlessly integrated into Consolidated’s electronic repossession and remarketing IBEAM™ portal. Placed in both fixed and mobile camera units, MVTRAC’s ALPR delivers the ability to read vehicle license plates at the fastest and most accurate rate available in the market today, and instantaneously check them against an exponentially evolving database for rapid vehicle-of-interest verification. Cameras on trucks and other vehicles take live pictures of license plates nationwide, and that information will be sent immediately to the cloud, allowing Consolidated’s network of skip trace teams to hit vehicles immediately and pick the vehicle up.

“We look forward to merging MVTRAC’s ALPR software with our technology,” said Steve Norwood, CEO of Consolidated Asset Recovery Systems. Scott A. Jackson, CEO of MVTRAC said of the partnership, “This integrated approach will allow Consolidated to recover more vehicles at a faster rate than ever before, while allowing our agents and forwarders to pinpoint exactly where the vehicle is in real time. Our goal is to be the concierge to CARS and other Forwarders while driving the volume to the agents, and this partnership achieves that goal”

For more information about Consolidated Asset Recovery Systems, visit www.ez-recovery.com