Chipped Security Number Plates
VEHICLES in the country can look forward to using number plates that come with security features in the near future.
That is an innovation which Penang-based name plate manufacturer Volcano Name Plate Sdn Bhd is planning to introduce to the local and regional market with the help of its European partner.
“Vehicle number plates with QR Code, hologram, UV prints or radio frequency identification (RFID) chips are very popular in Europe as these innovative security features protect the vehicle plates against falsification.
“The RFID chip, for example, allows the number plates to be tracked when they are stolen,” shares Volcano managing director Nelson Ch’ng.
Ch’ng says the company is currently looking into an appropriate business strategy to grow this new segment.
“We will need to inject about RM30mil for a fully automated production line to produce the new number plates,” he says.
You might notice one while sitting at a red light or tailing someone too closely on the highway.
Often, they’re straightforward enough. Other times, they act as short cryptograms, sparking debate among drivers and passengers: What in tarnation does that vanity license plate mean?
The personalized plates are used to convey all kinds of messages with just a handful of letters -- jokes about a family surname, a tongue-in-cheek reference to a profession or an ode to a favorite sports team.
But some vanity plate requests are made in vain. State departments of motor vehicles have a license to kill any plate they deem inappropriate. In 2016, 1,302 plates were rejected in Virginia. In the same year, Tennessee rejected just 18.
The UK in particular has a relationship with personalised number plates. According to estimates by the DVLA (Driver and Vehicle Licensing Agency), the UK reported an excess of two billion pounds in tax revenue from tax auctions over the past 25 years. As they are keen to state, an expression of interest in a particular plate by three people or more is enough to push the price of that Reg plate through the roof. It has also been documented that the buyers let their hearts take control of their heads when they bid for these plates.
Personalised number plate auctions are constantly rewriting the record books with regard to the highest price paid for a plate. The record currently stands at £518,000 which is quite impressive. The prices of these Regplates does not seem to be slowing down either.
Of particular interest is the recent auction of the highly-hyped 250 C Reg plate which sold for £21,500. This is a clear indication that the expectations for the prices of personalised number plates will continue to increase.
Established For Over 25 Years
the Cherished Numbers Guild
- Free transfer service - your paperwork is handled by our trained team
- Over 25 years expertise - long established and trusted company
- DVLA Recognised Reseller - linked directly from the DVLA website
- DVLA Registered Number Plate Supplier - in line with all DVLA & MOT regulations