OPW, FuelQuest Announce Partnership
Will create end-to-end fuel network management solution
HODGKINS, Ill. & HOUSTON -- OPW Fuel Management Systems, a business unit of OPW, and FuelQuest Inc., two of the industry's leading fuel management solution providers, have forged a global partnership agreement to offer an end-to-end, centralized fuel network management solution. Fuel operators can now enjoy the benefits of proactive tank monitoring integrated with fuel management automation software and services to reduce fuel costs, lower working capital requirements and improve environmental compliance.
"Fuel operators face unique challenges in terms of procuring, [image-nocss] monitoring and managing fuel," said Phil Carlin, president of OPW Fuel Management Systems. "By combining forces, OPW and FuelQuest offer the only solution available in the market today that tackles these core fuel challenges by providing petroleum retailers and fleet operators with the greatest opportunity to reduce fuel costs and remain business compliant."
Under terms of the deal, FuelQuest will leverage OPW's innovative SiteSentinel iSite and iTouch tank gauges, 924B magnetostrictive probe and IntelliSense smart sensor technologies to provide accurate, real-time tank inventory levels and sump monitoring to its advanced ForeSite real-time, inventory management solution; Fuel Center outsourced fuel management services; and Alarm Management Services.
"The OPW SiteSentinel iSite is a truly innovative tank gauge and the perfect complement to our suite of FuelQuest fuel management solutions," added Matt Tormollen, FuelQuest president and CEO. "Together, we offer retail petroleum marketers and fleet operators the only solution that unites the strengths of premier tank monitoring technology and industry-leading fuel management automation to improve operational excellence, environmental compliance and, ultimately, profitability."
OPW's SiteSentinel iSite is an intuitive, icon-based tank gauge system featuring information at point-of-use through a unique 15-inch touchscreen console, multi-drop probe and sensor capability, wireless, internet and SQL-based connectivity that allows users to conveniently access and view real-time information about their sites online from anywhere at any time.
ForeSite provides real-time views into fuel inventory alerting users based on inventory conditions and forecasted demand. It reduces run-outs and retains as well as enables improved fuel purchasing decision-making. Fuel Center, an outsourced fuel management service, optimizes and directs all fuel management activitiesfrom supplier and distributor selection and procurement to dispatch, inventory management and invoice reconciliation. Alarm Management Services triages tank alarms to help mitigate environmental risks and improve compliance with local, regional, state and federal requirements.
Houston-based FuelQuest provides on-demand fuel management, tax automation and compliance solutions for suppliers,distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest's solutions deliver operational and financial value to more than 750 customers. These customers include leading global oil companies, international retailers, shippers and government entities. FuelQuest's fuel management solutions help customers manage the complexity, regulation and market volatility for more than 17 billion gallons of gasoline and diesel fuel annually. Its Zytax solutions ensure compliance and accuracy for tens of billions of dollars of energy-related excise taxes per year.
Hodgkins, Ill.-based OPW Fuel Management Systems specializes in the design and manufacture of tank gauges, tank level monitors; tank, sump and monitoring well gauges and sensors and systems for liquid level monitoring and leak detection and automated fuel control systems. OPWFMS is part of OPW, a Dover Co., a global leader in dispensing products, environmental products, fuel management systems and clean energy fueling products.