|By Business Wire||
|July 17, 2014 12:23 PM EDT||
Kalibrate Technologies plc (AIM: KLBT), a provider of proprietary software-based products and services to the global petroleum retail industry, is pleased to announce a major expansion of its operations in Asia-Pacific. This is in line with Kalibrate’s growth strategy, as detailed in its IPO Admission Document, to expand the Group’s business into emerging, high-growth regions and to take advantage of the trend in deregulation of fuel pricing in this region.
To service its existing client base and provide the resources to grow the Group’s business in the region, Kalibrate will open offices in Melbourne and Bangkok within the next 3 months. This will expand the Group’s regional footprint to 6 offices, complementing its existing presence in Mumbai, Seoul, Shanghai and Tokyo. The Melbourne office will also be part of a 24/7 global support service for clients, ensuring that all time zones are covered by daytime hours.
Kalibrate is also delighted to announce the promotion of Mr. Huw Carey to Regional Vice President Asia Pacific, reflecting 8 years of successful sales and business development in the region. Huw will be based in the new Bangkok office and will be responsible for adding resources to accelerate growth in the key markets of SE Asia, Australia/New Zealand, India and China.
Commenting on the announcement, Bob Stein, Chief Executive Officer of Kalibrate, said:
“Our commitment to increasing investment in Asia-Pacific is recognition of the size and opportunity of the market for Kalibrate’s products and services, supported by the success we have achieved this past fiscal year with new business in Malaysia, Philippines, India, Australia and New Zealand. In addition, many countries are currently in the process of fuel price deregulation or planning to do so within the next few years and, as such, we believe now is the right time to strengthen our presence and resources in the region. Asia-Pacific is a strategically important territory for us and extends our global presence to 12 offices.”
About Kalibrate Technologies
Kalibrate is the only global provider of both pricing and retail planning solutions to petroleum retailers worldwide. Based on its proprietary software and underpinned by an extensive library of petroleum market data, Kalibrate's products enable clients to devise new market entry strategies, plan and optimally invest in existing petroleum retail networks and generate optimal petroleum product prices on a real-time and fully automated basis. For more information, please visit KalibrateTech.com.
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