Sobi to bring low cost public bike-sharing system to New York City.

Starting this Fall, a new Bicycles sharing system that will allow users to drop off bikes almost anywhere there is a bike rack, will launch in beta form in New York City. Another feature of the project is the ability to track bike disponibility with an iPhone app. To minimise the risks of thefts or vandalism, the system called Sobi, will use a lock fastened to the bike's wheel with a GPS system and a built-in transmitter. People can check bikes' availability and unlock a bike through the iPhone app.

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