FOR IMMEDIATE RELEASE
For more information, contact:
Public Relations at QT
972.406.5955
Marketing@QTTechnologies.com
IDEX Corporation’s Liquid Controls and QT Technologies Deliver Real-Time Functionality
Dallas, TX – February 26, 2007 – Liquid Controls, an industry leader in flow measurement and process control instrumentation for 50 years, and QT Technologies, an innovator of real-time data productivity solutions for the mobile resources industry announced today the availability of expanded functionality in the LectroCount® DMS Data Management System. LectroCount DMS is Liquid Controls' in-cab data management system for use with LectroCount LCR® and LCR-II® Electronic Registers.
Each DMS unit has the option to include Liquid Control's in-cab graphical control system functionality powered by QT Technologies' Productivity Engine™. Liquid Control's in-cab graphical control system includes full time connectivity with the QT Data Center via satellite, cellular or wireless WAN, allowing real-time updates to the DMS on-board database, real-time GPS-based mobile asset tracking, integrated GPS-based mapping, as well as secure reduced cost payments.
With the integration of the QT features, clients will have the ability to receive even more custom tailored solutions from an extended list of configuration options. Based upon the client's requirements, they can choose a solution that includes the DMS and/or QT's Productivity Engine functionality.
By complying with the regulatory requirements and security protocols of the multiple processors for electronic payments, transaction costs and incidents of fraud are substantially reduced. The QT Productivity Engine and Data Center are fully compliant with all federal banking, credit card, debit card and electronic check association network rules and regulations. An upgraded DMS uses the always-on connectivity of QT's Mobile POS to perform real-time payment validation with the processors and use the fraud detection methodologies built into the Productivity Engine. Validated credit card, debit card and ACH/electronic check payments are less expensive and accelerate cash flow.
"Integration of the real-time information and security features of QT's Productivity Engine with the proven LectroCount DMS has refined the utility of our highly robust, in-cab liquid control system," said Ken Hessevick, Global Vice President, Marketing of Liquid Controls. "We anticipate that this enhancement will meet our clients' needs for improved fleet and cash management."
"LC leads the industry with innovations, a great fit with our goal to deliver best-in-class new functionality to the petroleum industry," said Jerry Portocalis, President of QT Technologies. "We look forward to a long, beneficial relationship that will bring substantial advantages to their customers."
About QT Technologies
Founded in 1984, QT Technologies innovates across the petroleum industry, providing real-time data solutions to increase resource productivity with flexible workflow controls, transaction management and back office integration. The company serves more than 1000 point-of-sale installation throughout North America, available to hundreds of thousands consumers each day. Aviation, marine, transportation and commercial/home energy markets all benefit from QT's custody transfer applications, which are integrated with real-time management of the petroleum distribution business, from bulk product tracking to dispensing devices and back office processes. For more information, visit www.QTTechnologies.com.
About Liquid Controls
Liquid Controls is the industry's only single source supplier for your pump, meter, register, and in-cab solution needs. Contact Liquid Controls at 1.800.458.5262 or visit our web site at www.lcmeter.com.
About IDEX
IDEX Corporation is an applied solutions company specializing in fluid and metering technologies, health and science technologies, dispensing equipment, and fire, safety and other diversified products built to its customers' exacting specifications. Its products are sold in niche markets to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol "IEX".
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