Numerex Corp iTank’s application will support the tank monitoring capabilities of PetroChoice LLC, a Pennsylvania based petroleum distributor that delivers bulk lubes and fuels for industrial applications in the automotive, construction, mining, and drilling industries, among others. PetroChoice has a total of 52 facilities in 31 states, making it the largest bulk lubricant distributor in the United States. The deal represents a multi-million dollar, multi-year contract with an initial commitment to monitor over 6,000 tanks nationwide.
This deal will provide significant savings and a program for on-going support for PetroChoice, a Numerex customer since 2015, enabling expansion of the number of tanks they monitor using the iTank monitoring solution. In addition, iTank will allow PetroChoice to maximize the improvement of their delivery operations and customer service. Since February 2016, over 3,000 new tank monitors have been installed and activated on PetroChoice tanks across the country. An additional 3,500 tank monitor installations are scheduled through the end of 2018.
Kelly Gay, Numerex COO added, “We are delighted to announce a scaled iTank rollout with PetroChoice, a nationwide leader in the petroleum distribution industry. This successful deployment is an excellent example of Numerex’s strong commitment to our customers. It demonstrates the great benefits that can be brought to enterprises by a first class end-to-end IoT solution. We are excited to serve prestigious customers like PetroChoice to bring them tangible results from our solutions.”
“We are excited to have found a partner that is willing to grow with us, and Numerex’s tank monitors will enable us to take customer service to the next level,” added Alex Rapp, SVP of Operations for PetroChoice.
PetroChoice currently services over 100,000 total tanks in the field today with a current plan for 8-10% annual growth representing a huge opportunity to improve operations. PetroChoice was attracted to the iTank solution due to Numerex’s unique service offering, which focuses on best-in-class service and support to enable quick deployment with a faster return on investment, typically within the first year. Using the iTank solution, PetroChoice is still able to deliver the same volume of product while effectively taking out one stop per monitored tank. These fewer stops result in a higher profit margin for distributors.