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Technology Stocks : On Track Innovations Ltd. (OTIV)
OTIV 1.01+7.3%12:44 PM ESTNews

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From: JakeStraw5/18/2016 8:51:51 AM
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OTI PetroSmart Technology Helps Copec Establish Premium Fuel Card Offer for Commercial Transportation in Chile
finance.yahoo.com

With nearly 60% market share and a network of more than 600 retail stations in Chile, Copec offers a range of fuel card services for heavy commercial transport, light fleets, and industrial and agricultural refueling. Copec will implement the EasyFuel Plus solution for use throughout Copec's retail network in Chile.

Copec's new card offering, "TCT Premium," is aimed at the Commercial Road Transportation (CRT) market and marks the first deployment of OTI PetroSmart's innovative Automatic Vehicle Identification (AVI) technology in Chile.

In conjunction with the TCT Premium card, EasyFuel Plus passive tags -- encoded with the vehicle registration number -- can be affixed around a vehicle's tank inlet, allowing them to be read by devices attached to the dispensing nozzle. This solution ensures that the pump will not dispense fuel unless the vehicle tag matches with the information contained in the card. If the dispensing nozzle is removed during refueling, the pump will automatically stop, ensuring the fuel cannot be dispensed into another vehicle or receptacle. This integrated solution allows operators to confirm that the right amount and type of fuel is dispensed into an authorized vehicle.
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