New Offering Delivers Innovative Solutions for Distributors of Bulk Liquids.
Numerex (Nasdaq:NMRX) a leading provider of on-demand and interactive machine-to-machine (M2M) enterprise solutions, announced today the acquisition of certain assets, products and technology used in the remote monitoring and management of bulk tanks. With the addition of these new offerings, Numerex expands the scope and scale of its core supply chain and remote monitoring business. This new Numerex solution is purpose-designed for use by regional oil and bulk liquid distributors to manage the bulk inventory of their customers. The solution is currently deployed by distributors and integrated oil and gas companies at large and small retailers, manufacturing sites, and bulk storage facilities.
Built on Numerex FAST®, a cloud-based, highly scalable, service delivery platform; this end-to-end solution provides distributors of bulk liquids access to accurate, real-time tank level data through an intelligent, web-based management portal. The information delivered by these new products aids in planning deliveries and in optimizing route scheduling without compromising customer service levels. Using this information, distributors are able to drive operational efficiencies in their core distribution business and assist their customers in avoiding stock-outs.
This expansion of the product offering continues Numerex’s strategy of utilizing its FAST® horizontal service delivery platform to quickly deploy critical solutions to targeted verticals, allowing customers to improve the way they operate their businesses. In addition to offering innovative products and solutions, Numerex provides substantial resources and capabilities in the areas of customer service, operations, and engineering.