Veeder-Root Introduces Poll NOW, a Web-based Application that Gives Customers Storage Tank Inventory Readings on Demand.

Business/Technology Editors

SIMSBURY, Conn.--(BUSINESS WIRE)--Jan. 23, 2001

Veeder-Root announced the introduction of Poll NOW, a Web-based application that enables customers to get tank inventory readings on demand via any web-enabled device. Poll NOW offers unlimited polling and delivers real-time inventory data, including product label, water height, current volume and ullage information for each tank. Poll NOW is the latest enhancement to Veeder-Root's Fuel Management Service.

"Many of our customers are abandoning the old "keep full" mentality in favor of "just in time" fuel replenishment systems to reduce their inventory carrying costs," said Greg Sears, Veeder Root service marketing manager. "One of the many advantages of Poll NOW is that, from their terminals or headquarters, these customers now have a quick and easy way to verify that a scheduled delivery order can fit into tanks at a given site and that the product mix is correct. All of this can be done before the fuel is loaded unto a truck, allowing fuel managers to eliminate run-outs and haul-backs by prioritizing site deliveries based on actual needs."

Since Poll NOW is accessible from MyVeeder, a secure section of Veeder-Root's Web site, it supports decision-makers who operate in a highly mobile environment. Fuel managers who are away from the office can use any internet-enabled device such as cell phones or even personal digital assistants like PalmPilots to request and receive accurate inventory readings when they need it. As a special introductory offer, Veeder-Root's existing service customers can try Poll NOW free of charge during the month of February. For new service customers, Poll NOW is available at a low introductory rate for a limited time.

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 petroleum industry customers. Additional information on Veeder-Root and Poll NOW can be found at www.veeder.com.