The agreement allows DFS to distribute OTI’s EasyFuelPlus in 130 countries
On Track Innovations Ltd. (OTI), through its wholly owned subsidiary OTI PetroSmart has announced that it has signed a global strategic supply agreement with Dover Fueling Solutions (DFS). OTI is a global provider of near field communication (NFC), cashless payment and fuel management solutions while DFS is a leading provider of advanced fuel-dispensing equipment and automation solutions and a subsidiary of Dover.
OTI PetroSmart will supply its EasyFuelPlus Automatic Vehicle Identification (AVI) technology to Dover Fueling Solutions’ OPW FMS, Wayne Fueling Systems, and Tokheim brands, as per the terms of the agreement. Fully integrated with automation systems, the EasyFuelPlus solution, will be rebranded for DFS and will be available globally via a network of direct operations and channel partners in the 130 countries that DFS serves.
Shlomi Cohen, OTI CEO said, “The commercial fueling market is substantial, with approximately 270 million corporate vehicles globally, 25% of which are in North America. We believe our fuel management solutions create significant value for customers by simplifying and securing refueling and payment processes in order to effectively manage fuel consumption and help prevent fraud. We are pleased to be on track for the rollout of our fuel management products in North America this year.”
Capable of ensuring that the right amount of the right type of fuel is dispensed into the right vehicle in a convenient and secure manner, EasyFuelPlus is one of the most advanced and comprehensive AVI fuel management solutions available today. In the markets where it operates, DFS will standardize EasyFuelPlus, and will actively promote the integrated solution across industry verticals in such markets.
“The smart AVI solutions from OTI PetroSmart will further complete DFS’ global product offerings for our retail and commercial customers. We look forward to offering our customers this additional mode of payment,” said Kurt Dillen, General Manager of the Systems Business Unit at DFS.
The agreement, which positions AVI at the heart of DFS’ commercial fuel management solutions, is subject to minimum order commitments and is exclusive for North America. At the same time, it also provides fuel companies and retail forecourt operators with new opportunities to drive revenues through secure corporate fleet and consumer loyalty programs, optimized throughput, and convenient unattended payments which positions AVI at the heart of DFS’ commercial fuel management solutions. PWKD27042017
Both OTI & OPW Global will be participating in the PetorlWorld Fuel Retail Confernce 20-21 June 2017
