News Feed Item
OTI PetroSmart Awarded 15-Year Government Ministry Contract to Supply EasyFuel Plus Fuel Management System in Southern Africa
|By Business Wire
|April 28, 2014 08:35 AM EDT
PetroSmart, a global Value Added Reseller of petroleum equipment
products and a wholly owned subsidiary of On
Track Innovations Ltd. (oti) (NASDAQ:OTIV), has been
awarded a major 15-year contract from a government ministry in Southern
Africa for its EasyFuel Plus management system.
OTI PetroSmart and its local operating partner will deploy the EasyFuel
Plus ‘contactless’ solution to facilitate automated refueling at the
ministry’s national network of more than 15 “home base” sites and a few
thousand vehicles. The initial order is valued at US $550,000 which will
be recognized in 2014. Further expansion may be possible during the life
span of the project.
OTI PetroSmart’s local operating partner licensed oti’s complete EasyFuel
Plus back-office suite in order to provide the ministry a range of
services, including help desk, account management and bureau services.
OTI PetroSmart has supplied its packaged home base solution for the
first phase of the project, and is currently processing orders for the
next two phases. The scope of the project includes the supply of
automatic tank gauging equipment, automatic vehicle identification, as
well as various risk management systems. EasyFuel Plus also
provides automatic odometer or engine hour outputs that helps customers
effectively manage fuel consumption.
“This important customer win reflects how adoption of our EasyFuel
Plus is gaining momentum across Southern Africa,” said Charlotte
Hambly-Nuss, managing director of OTI PetroSmart. “Our growing customer
base includes prominent petroleum retailers, major commercial fleets and
government agencies. Many of our long-existing customers who deployed
our legacy cabled solution are now looking to upgrade to EasyFuel Plus,
which is a more cost effective and scalable solution to implement and
Ofer Tziperman, CEO of oti, commented: “We expect the strong sales
efforts by OTI PetroSmart to result in additional major orders through
the year. Our EasyFuel Plus line of business is becoming an
increasingly important growth engine for oti as it continues to gain
adoption by major market leaders.”
"The company’s petroleum payment solutions have already been deployed in
43 countries, more than 1,600 gas stations, and over 100,000 commercial
vehicles. “We are working to build upon this momentum and address a
widening pipeline of global opportunities,” added Tziperman, “which
includes those within our existing customer and partner relationships.”
About EasyFuel Plus
In EasyFuel Plus’s most basic configuration, wireless readers
installed in a gas station and contactless readers installed on the
nozzle access information stored on a vehicle mounted tag or
alternatively on a passive contactless tag mounted around the fuel
inlet. This information is required to approve any fuel transaction and
should the information not prove valid, refuelling is denied.
The validity of the method of payment can be verified offline or online.
Due to the flexibility and security of the oti technology platform, a
wide range of business rules such as the fuel grade, tank capacity and
velocity checks can be managed offline.
OTI PetroSmart’s ability to support pre-payment on its devices,
including vehicle tags (without the reliance on back-end systems)
further serves to differentiate its product offering. For further
information about EasyFuel Plus visit www.otipetrosmart.com.
On Track Innovations Ltd. (oti) is a leader in contactless and NFC
applications based on its extensive patent and IP portfolio. oti's
field-proven innovations have been deployed around the world to address
NFC and other cashless payment solutions, petroleum payment and
management, cashless parking fee collection systems and mass transit
ticketing. oti markets and supports its solutions through a global
network of regional offices and alliances. For more information, visit www.otiglobal.com.
This press release may contain forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and other Federal securities laws. Because
such statements deal with future events and are based on oti's current
expectations, they are subject to various risks and uncertainties and
actual results, performance or achievements of oti could differ
materially from those described in or implied by the statements in this
press release. For example, forward-looking statements include
statements regarding the greater adoption or demand of oti’s EasyFuel
Plus system across Southern Africa or elsewhere by long-existing or
future customers, or the sales efforts made by OTI PetroSmart shall be
productive and actually result in major orders in the short and
mid-term, or that the EasyFuel Plus product shall become a
substantial growth engine for oti in the mid or long term, oti's long
term growth and profitability, further penetration of the EasyFuel
Plus product in the Petroleum market, and or the successful
execution and implementation of the project for the Ministry in Southern
Africa, in all or any of the three phases of the project. The
forward-looking statements contained in this press release are subject
to other risks and uncertainties, including those discussed in the "Risk
Factors" section and elsewhere in oti's annual report on Form 10-K for
the year ended December 31, 2013 and in subsequent filings with the
Securities and Exchange Commission. Except as otherwise required by law,
oti disclaims any intention or obligation to update or revise any
forward-looking statements, which speak only as of the date hereof,
whether as a result of new information, future events or circumstances
SYS-CON Events announced today that Secure Channels will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The bedrock of Secure Channels Technology is a uniquely modified and enhanced process based on superencipherment. Superencipherment is the process of encrypting an already encrypted message one or more times, either using the same or a different algorithm.
Sep. 25, 2016 08:15 AM EDT Reads: 1,437
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures.
In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
Sep. 25, 2016 08:00 AM EDT Reads: 1,479
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls?
In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Sep. 25, 2016 08:00 AM EDT Reads: 1,484
The Internet of Things can drive efficiency for airlines and airports.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
The session will include a working demo and a technical d...
Sep. 25, 2016 08:00 AM EDT Reads: 1,660
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming.
For more information, visit http://www.pulzzesystems.com.
Sep. 25, 2016 07:30 AM EDT Reads: 1,750
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA.
Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 25, 2016 06:30 AM EDT Reads: 2,797
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
Sep. 25, 2016 05:45 AM EDT Reads: 1,605
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned.
In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
Sep. 25, 2016 05:30 AM EDT Reads: 981
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies.
In his session at @ThingsExpo, Da...
Sep. 25, 2016 04:45 AM EDT Reads: 1,503
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom.
China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 25, 2016 04:15 AM EDT Reads: 1,682
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service.
Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Sep. 25, 2016 04:15 AM EDT Reads: 1,381
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Sep. 25, 2016 03:15 AM EDT Reads: 3,352
There is growing need for data-driven applications and the need for digital platforms to build these apps.
In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications.
In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 25, 2016 02:45 AM EDT Reads: 1,715
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
In his session at 19th Cloud Exp...
Sep. 25, 2016 02:45 AM EDT Reads: 879
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care.
I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind.
Don't just log my data; use the relationship graph.
In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 25, 2016 02:15 AM EDT Reads: 1,215