Rosh Pina, Israel (ots)
- OTI (Neuer Markt: OT5) announced today
that its wholly owned subsidiary, OTI Africa, has received orders
from BP Zambia and BP Tanzania to install 26 FuelMaster stations
servicing commercial customers to their networks. Thousands of
additional vehicles are expected to be installed as a result.
Additionally, both companies will install systems on-site for a
number of prominent fleet customers, enabling them to use FuelMaster
for refuelling both at home and on the road. The installations will
be completed in Zambia during the third quarter, and the company
intends to launch the product in the fourth quarter. FuelMaster is
BP's chosen brand name for OTI's Gasoline Management System (GMS) in
the African market.
These orders are part of a three-year agreement between the two
companies to extend the FuelMaster network throughout the
southeastern portion of the continent. OTI receives transaction fees
based on fuel volumes through the FuelMaster system, in addition to
on-going service fees. FuelMaster's expansion throughout Africa is a
result of the system's success in South Africa, where more than
10,000 vehicles have been installed and over 6,000 FuelMaster Express
tags have been issued since its launch late last year. As a result of
the FuelMaster system, BP has increased its market share in these
African markets. While the FuelMaster program provides convenient
fuel management for fleet customers, the FuelMaster Express program
targets the private motorist market.
"OTI has proven the success of FuelMaster in South Africa,
generating additional demand by fleet companies throughout southern
Africa," said Charlotte Hambly-Nuss, Managing Director of OTI Africa.
"Continuing our expansion into Zambia and Tanzania with both on-road
and home-base installations offers our fleet customers unmatched
support wherever their business takes them."
"These new sites expand our ongoing partnership with BP South
Africa while continuing to fulfil our objective of generating
multiple revenue streams from our projects, including support fees
and transaction fees," said Oded Bashan, President and CEO of OTI.
"GMS is a proven success around the world, including Turkey, Ecuador,
South Africa, and beyond."
OTI has been appointed by BP to provide encoding, installation,
driver training, maintenance, repair, quality control, customer care,
technical support, and development services for the FuelMaster
How FuelMaster Works
Each FuelMaster vehicle is fitted with an antenna mounted around
the fuel tank inlet, connected to a smart card installed in the
vehicle. The smart card provides unique identification for each
vehicle, and is also capable of recording information such as
odometer readings. A matching antenna installed on the pump nozzle,
is connected to the site computer. When the pump nozzle enters the
fuel inlet, the smart card communicates with the site computer. Once
the computer is satisfied that a legitimate driver is attempting to
fuel an authorized vehicle with the proper fuel grade, the pump will
begin dispensing fuel. During refuelling, operating data from the
smart card is transmitted to the computer for reporting purposes.
Removing the nozzle will immediately stop the flow of fuel.
Comprehensive fuel management reports are generated and provided to
fleet operators on a regular basis.
How FuelMaster Express Works
The FuelMaster Express program uses an OTI smart key fob to carry
a driver's payment information. The key fob is simply presented to
the reader located on the pump nozzle. The reader electronically
authorizes the data from the key fob, and if valid, initiates the
fuelling process. When fuelling is complete the key fob is returned
to the driver who can depart immediately. It is not necessary to sign
a receipt, but a receipt may be requested.
Established in 1990, OTI (On Track Innovations) designs and
develops contactless microprocessor-based smart card technology to
address the needs of a wide variety of markets. Applications
developed by OTI include products for mass transit, parking, gas
management systems, loyalty schemes, identification, and secure
campuses. OTI has regional offices in the US, Europe, Asia Pacific,
and Africa to market and support its products. The company was
awarded the prestigious ESCAT Award for smart card innovation in both
1998 and 2000. Visit OTI on the Internet at www.oti.co.il
OTI Africa, a subsidiary of OTI Limited, is responsible for the
distribution, installation and maintenance of OTI's products and
technology in the African market. Users of the OTI technology have
access to an experienced and professional management team who lead
and guide dedicated functions in sales, marketing, installation,
technical, development and support services.
ots Originaltext: OTI
Kirchhoff Consult AG
Phone +49 69 7474 8615
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