Monday, September 23, 2013

On Track Innovations Ltd. (OTIV) Receives Orders from Petroleum Partner for Commercial Quantities of EasyFuel Plus Product

On Track Innovations (“OTI”), a supplier of near field communication and cashless payment solutions worldwide, announced that Tokheim has placed orders for commercial quantities of OTI’s EasyFuel Plus solution. Tokheim is one of the world’s premier manufacturers and service providers of fuel dispensing and automation equipment.

Since the partnership was formed in September of 2010, Tokheim’s point of sale controllers have featured integration of EasyFuel Plus at both commercial fleet and retail petroleum stations across 12 countries. The implementation for a prominent petroleum retailer has already begun in four European markets.

EasyFuel Plus equipment has been supplied to over 250 Tokheim locations, which includes more than 1,000 nozzles and 7,500 vehicles to date. OTI’s value-added reseller for EasyFuel Plus, OTI Africa, is responsible for managing the integration with Tokheim’s point of sale controllers and the application business rules.

SmartFuel decreases fraud and boosts fuel management capabilities while playing its vital role in Tokheim’s commercial fleet offering.

“The continued adoption of our EasyFuel Plus technology by Tokheim reflects the increasing strength of our strategic partnership and Tokheim’s ability to successfully demonstrate how our technology secures and simplifies the payment processes,” commented Ofer Tziperman, OTI’s CEO. “The demand for EasyFuel Plus has gained momentum as customers globally recognize the benefits of automated vehicle identification and the need for quality data. We therefore envisage that our petroleum products will serve as one of the main growth engines for our business.”

Kurt Dillen, general manager of Tokheim’s Systems & Electronics Business Unit, commented: “It has been an interesting journey to develop and package with OTI the perfect vehicle identification solution for our fuel retail and fleet customers. As a result of a great effort and a high level of cooperation between the engineering teams of OTI and Tokheim, we can state today that we have the best-in-class solution in the world to simplify payment, increase throughput and improve the overall refueling experience. Tokheim is not only offering this product solution, but with our local service organizations we are also able to provide after sales service. I am convinced that Tokheim will deliver this easy-to-use solution to many more markets and customers in the following years.”

For further information, please visit www.tokheim.com

About MissionIR

MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.

Sign up for “The Mission Report” at www.MissionIR.com

Please see disclaimer on the MissionIR website
http://www.missionir.com/disclaimer.html