OTI Receives Follow-On Order From One of the Largest Container Terminal Operators in the Southern Part of China
FORT LEE, N.J., June 22, 2009 (GLOBE NEWSWIRE) -- On Track Innovations (OTI) (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions, today announced that it has received a follow-on order to supply its EasyFuel Fuel Management System to one of the largest container terminal operators in the southern part of China. The new installation, managed together with Armitage Technologies Ltd, the local system integrator for this project, comes after a successful pilot implementation which demonstrated that OTI's EasyFuel solution is relevant across a number of market sectors, including retail and commercial fueling as well as the industrial and mining sectors.
In a port environment, it is essential to ensure that all vehicles and plant equipment can be refueled on a timely basis and are operating efficiently. Quality fuel management reports are therefore critical in order to optimize the performance of vehicles and equipment.
In the new application of OTI's EasyFuel wireless solution, products have been customized to fit the harsh environmental conditions in the ports and to ensure the solution is reliable and durable and requires minimum long-term maintenance. The solution has been integrated with a Point-of-Sale (POS) system. The integrated solution is mounted on mobile bowsers and is used to control the dispensing of fuel into the plant equipment at any location in the port. With the plant equipment fitted with the EasyFuel VID (Vehicle Identification Device), nozzle-to-tank security is guaranteed at refuel, with vehicle operational data being automatically captured for subsequent management reporting.
A typical port site includes a large number of devices and equipment to automate the site. It can range between the equivalent of about 10-20 gas stations and about 1,000-5,000 vehicles, all depending on the size of the site and operation.
Oded Bashan, Chairman & CEO of OTI, commented, "We believe EasyFuel offers great value to many markets, including the refueling of immobile plant equipment. EasyFuel offers the perfect tool to gather, control and process information, and it is easy to implement and maintain in the different environments."
OTI's wholly owned subsidiary, OTI Africa, is responsible for implementation, training and support of this project.
EasyFuel is easy, quick and cost-effective to install and maintain and the solution enables a fast turnaround at the pump. The EasyFuel system has built-in benefits for oil companies, commercial fleet operators, financial institutions, and private motorists. The oil companies build loyalty with fleet companies via long-term contracts, as well as with private motorists. The OTI solutions are easily integrated into existing hardware and software systems.
