As another example of the limited use of the thin client. And to shamelessly plug a stock I like.
BP Amoco selects Radiant Systems Development Partner as Global Supplier of Fuel Dispensers
Business Wire - August 17, 1999 09:21
ATLANTA--(BUSINESS WIRE)--Aug. 17, 1999--
Co-Developed Tokheim Pumps are a new Generation of Intelligent Devices
Radiant Systems, Inc. (Nasdaq:RADS) announced today that BP Amoco has selected a Radiant partner company as its primary supplier of fuel dispensers in the United States, Europe and Latin America for the next three years.
The BP Amoco contract with Tokheim Corporation (NYSE:TOK), the leading supplier of fuel-dispensing equipment worldwide, comes eleven months after Radiant and Tokheim entered into a long-term agreement to develop a new generation of high-function, intelligent dispensers. "We are truly excited about our continued relationship with BP Amoco," said Douglas Pinner, Chairman, President, and CEO of Tokheim.
"We are equally excited that our joint development effort with Radiant Systems has started to impact our business with leading global clients." The new dispensers, which use the Microsoft Windows CE operating system and widely accepted Internet connectivity standards such as TCP/IP, XML and SMTP, provide unparalleled functionality in the areas of consumer presentation, system diagnostics, and remote support.
The intelligent dispenser system, for example, can automatically send an electronic message to alert its assigned support representative of an equipment failure such as a jammed receipt printer. Similarly, the dispenser could recommend preventive maintenance action based on customer usage or other factors. Radiant Systems partners with Microsoft Corporation to build intelligent, fit-for-purpose devices for the retail industry.
"Radiant's work on the Tokheim product line further demonstrates the potential for Windows CE to power a new generation of industrial-strength, Internet-enabled retail applications," said Jonathan Roberts, General Manager of the Productivity Appliance Division at Microsoft. "This new Tokheim fuel dispenser is a prime example of the added functionality a leading company like Radiant Systems can create using the Windows CE platform."
This co-developed product is part of Radiant's enterprise-wide "pump-to-president" solution for the petroleum and convenience store industry that includes consumer-activated technology, point-of-sale systems, site management software, pricebook management software, and decision support systems. Consumer-oriented features of the dispenser such as highly graphical, interactive user interfaces, integrated loyalty programs and on-island ordering capabilities enable petroleum and convenience store retailers to bring an enhanced shopping experience to their customers.
"As a retail technology provider to BP Amoco and a dispenser technology partner of Tokheim, we are excited about the unique opportunities this decision provides," said Mark Haidet, Vice President and Managing Director of the Petroleum and Convenience Store Industry Group at Radiant Systems. "Leveraging this state-of-the-art platform will allow BP Amoco to introduce strategic and operational innovations that will help reshape the industry."
Radiant Systems currently has point-of-sale technology deployed in approximately 400 BP Amoco sites in the United States.
Company Information
BP Amoco is one of the three largest integrated energy companies in the world. With corporate headquarters in London, and 1998 revenues of $83.7 billion, BP Amoco is a major producer and marketer of oil, natural gas, petrochemical and solar products. There are about 16,300 BP and Amoco branded retail sites in the United States and roughly 12,000 additional retail locations world wide.
Tokheim Corporation, headquartered in Fort Wayne, Indiana, manufactures and services electronic and mechanical petroleum dispensing systems. These systems include petroleum dispensers and pumps, retail automation systems such as point-of-sale systems and RFID technology, dispenser payment or "pay-at-the-pump" terminals, replacement parts, and upgrade kits.
Radiant Systems, Inc. is a leading provider of integrated technology solutions to retailers worldwide. These solutions include consumer-activated technologies, point-of-sale systems, site management software, headquarters management software, and decision support systems. The Company also provides a full range of solution design, implementation, and support services. The Company, headquartered in Atlanta, has deployed its technology in tens of thousands of retail sites around the world. For more information about the Radiant Systems, visit the Company's website at www.radiantsystems.com.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to; economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.
CONTACT: Radiant Systems Public Karen K. McPherson, 770/576-6828
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