ATLANTA, Dec. 19, 2013 (GLOBE NEWSWIRE) -- 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.
About Numerex
Numerex Corp. (Nasdaq:NMRX) is a leading provider of interactive and on-demand machine-to-machine (M2M) enterprise solutions. 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® that may include hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST® (Foundation Application Software 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.
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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 statement.