ATLANTA, May 21, 2015 (GLOBE NEWSWIRE) -- Numerex (Nasdaq:NMRX), announced today that its i-Tank bulk-liquid tank monitoring solution, recently achieved a major milestone with the signing its 100th U.S. distributor. Since its introduction, the i-Tank solution has been deployed by customers to monitor multiple thousands of tanks at oil change centers, manufacturing facilities, and service dealerships nationwide. Those customers have achieved significant efficiencies and reductions in operational costs from the deployment of the solution—which is based on and enabled by Numerex's cloud-based, highly scalable, horizontal service delivery platform.
Utilizing the i-Tank solution, bulk-liquid distributors can overcome the inefficiencies associated with existing manual methods to track, monitor, and manage liquid storage tanks. The Company's solution gives customers the ability to remotely determine the fill levels in bulk lubricant and fluid tanks. The tracking data is displayed in a simple-to-use customer portal that provides users with a complete view of the fill levels in each of its monitored tanks. This visibility helps the fluid distributors to dramatically increase operational efficiencies, reduce costs, and increase profits in the distribution of their products. The i-Tank solution eliminates unnecessary field visits, reduces the number of miles driven by the tanker fleet, and decreases fuel costs. Customers utilizing the i-Tank solution report reductions of 30% or more in delivery-miles-driven, and the elimination of costly emergency deliveries.
"The i-Tank remote tank monitoring system is by far the most affordable and flexible solution offered. It is easy to install, easy to use, and easy to scale. This Numerex solution provides us with a significant operational advantage, allows us to continue to serve our customers efficiently in an increasingly competitive market, and ensures that our customers never run out of product," stated Douglas Oehler, EVP Distribution at Reladyne, LLC.
Mike Lang, SVP and President of IoT solutions commented, "We are pleased with the continued adoption of our i-Tank solution by more and more distributors every day. With monitored tanks numbering in the many thousands, we know that this solution holds the key to increased profitability in the area of bulk fluid distribution. It is very gratifying to see yet another successful deployment of our horizontal service delivery platform, enabling a specialized product that meets critical customer needs in an underserved vertical market—in this case, in the area of Supply Chain and Logistics, an area of focus for Numerex.
Numerex Corp. (Nasdaq:NMRX) is a leading provider of interactive and on-demand machine-to-machine (M2M) enterprise solutions enabling the Internet of Things (IoT). The Company provides its technology and services through its integrated M2M horizontal platforms, which are generally sold on a subscription basis. The Company offers Numerex DNA® solutions including hardware and smart Devices, cellular and satellite Network services, and software Applications utilizing Numerex solution technology. The Company also provides business services to enable the development of efficient, reliable, and secure solutions while accelerating deployment. Numerex is ISO 27001 information security-certified, highlighting the Company's focus on M2M data security, service reliability and around-the-clock support of its customers' M2M solutions. For additional information, please visit www.numerex.com.
Statements contained in this press release concerning Numerex that are not historical fact are "forward-looking" statements and involve important risks and uncertainties. Such risks and uncertainties, which are detailed in Numerex's filings with the Securities and Exchange Commission, could cause Numerex's results to differ materially from current expectations as expressed in this press release. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements.
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CONTACT: Numerex IR Contact: Seth Potter 646-277-1230 Numerex Media Contact: Valerie Christopherson 949-608-0276 Numerex@globalresultspr.com