BP Amoco selects Radiant Systems Development Partner as Global Supplier of Fuel Dispensers.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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. for the next three years. The BP Amoco contract with Tokheim Corporation (NYSE NYSE See: New York Stock Exchange :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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. CE operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. and widely accepted Internet connectivity standards such as TCP/IP TCP/IP in full Transmission Control Protocol/Internet Protocol Standard Internet communications protocols that allow digital computers to communicate over long distances. , XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and SMTP (Simple Mail Transfer Protocol) The standard e-mail protocol on the Internet and part of the TCP/IP protocol suite, as defined by IETF RFC 2821. SMTP defines the message format and the message transfer agent (MTA), which stores and forwards the mail. , 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 “Fort Wayne” redirects here. For other uses, see Fort Wayne (disambiguation). Fort Wayne is a city in northeastern Indiana, USA and the county seat of Allen County. Fort Wayne is Indiana's second largest city after Indianapolis. , 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 (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. 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 support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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