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Shell Puerto Rico Signs Service Contract with Ustman / Veeder-Root.


Business/Technology Editors

SIMSBURY, Conn.--(BUSINESS WIRE)--Dec. 5, 2000

Ustman Technologies Inc, a recent Veeder-Root acquisition, has signed a three-year contract with the Shell Company (Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. ) Limited to provide Statistical Inventory Reconciliation (SIR) services for approximately 200 Shell sites in Puerto Rico.

SIR, a leak (programming) leak - With a qualifier, one of a class of resource-management bugs that occur when resources are not freed properly after operations on them are finished, so they effectively disappear (leak out). This leads to eventual exhaustion as new allocation requests come in.  detection method recognized by the Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and , is a component of Veeder-Root's Fuel Management Service. The recently acquired Ustman SIR system was the first to be certified See certification.  by an EPA-approved third party evaluation service. Shell - Puerto Rico also plans to install Veeder-Root tank gauges at select sites to support its SIR program.

"This contract is one way that Shell can help protect Puerto Rico's environment and maximize operating efficiency," said Juan Ignacio Vasquez G., country chairman for Shell - Puerto Rico.

"Helping the petroleum industry meet environmental compliance and other fuel management requirements is a global issue. Our contract with Shell - Puerto Rico will help us springboard into market opportunities throughout the Caribbean and Central American Central America

A region of southern North America extending from the southern border of Mexico to the northern border of Colombia. It separates the Caribbean Sea from the Pacific Ocean and is linked to South America by the Isthmus of Panama.
 region," said Jim Grant, Veeder-Root's vice president for corporate development.

Veeder-Root equipment monitors more than 500,000 underground petroleum storage tanks at retail sites around the world. The company currently has over 100,000 storage tanks enrolled in its Fuel Management Service. Veeder-Root's product and service solutions have been customized to meet the fuel management needs of thousands of downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.).  petroleum industry customers. Additional information on Veeder-Root and its Fuel Management Service can be found at www.veeder.com.
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Publication:Business Wire
Date:Dec 5, 2000
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