CINCINNATI, Nov. 25, 2013 /PRNewswire/ -- noLimits Enterprises, the maker of the world's only effective countermeasure for speed and red light cameras, the noPhoto "smart" license plate frame, today announced that it has closed an initial investment round. noLimits Enterprises gained worldwide recognition during October, 2012 as a result of its innovative product. Offering "Indiegogo Perks" as part of its crowdfunding initiative in exchange for early commitments, the noPhoto was featured by The Huffington Post, WIRED, Autoblog, Yahoo!, and CNET among others.
"One of the reasons we are excited about receiving this next investment is because it will give us the ability to scale to meet the demand for the noPhoto," said company founder and President Jonathan Dandrow. "We had been successfully bootstrapping, but it was eye-opening when we sold out our initial month's supply of product in the first few hours of retail sales. Since then, we have sold out of inventory every month. Due to the fact that we have done this without any advertising or marketing, it is clear that there is a huge unmet demand for our product. That's when we knew it was time to accept capital to increase our inventory and scale our growth." The additional capital will be used to fund additional product inventory, advertising and for working capital.
noLimits Enterprises makes the noPhoto (www.nophoto.com), a microprocessor controlled smart license plate frame that prevents camera-issued red light and speeding tickets. Unlike ineffective sprays and illegal, bulky license plate covers, the noPhoto does not physically block the license plate in any way, and can even defeat image manipulation software. The noPhoto operates on well-known photographic principles, preventing an image of the license plate from being captured by over exposing the sensor of the traffic camera. What makes the noPhoto truly special is the U.S. Patent Pending flash detection and timing circuitry, which ensures the noPhoto works on all existing cameras. The high-performance sensor can even detect infrared flashes and is capable of defeating cameras that utilize both single flash and dual pre-flash systems.
The company also announced several additional versions of the noPhoto in development, including international and motorcycle versions.
SOURCE noLimits Enterprises