PriceSync delivers seamless fuels price integration from head office to price sign
Florham Park, NJ - November 29, 2011
KSS Fuels and PWM Electronic Price Signs announced today the general availability of PriceSync, an integration module that supports the automated delivery and verification of fuel price changes from the head office to the electronic price sign at a retail location. PriceSync will guarantee the accuracy of price displays, with immediate notification of any issues in the timing or update of price changes.
PriceSync integrates KSS Fuels’ PriceNet software and PWM’s price signs, creating a closed-loop system and confirming successful implementation of new fuel prices at the sign as well as taking care of the synchronization with point-of-sale systems and fuel dispensers.
Fully tested and implemented at a major U.S. convenience store chain, PriceSync represents a major step forward in fuel price automation and will ensure fuel retailers can respond quickly to market or competitor changes and enhance customer satisfaction by avoiding fuel price discrepancies between price sign, fuel island or store.
“This latest advancement in fuel pricing capability will allow even greater control and visibility into every step of the pricing process, giving added confidence that price changes are fully implemented,” said Mark Hawtin, senior vice president of KSS Fuels.
Erica Johnson, executive vice president of PWM Electronic Price Signs, added, “PWM and KSS Fuels offer fuel retailers a proven framework for sustainable performance improvement, based on the combined technology and services of the two leaders in their respective fields.”
The key components of the system integrated by PriceSync are:
KSS Fuels’ PriceNet, a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. High levels of automation and an “exception-based” approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics.
PWM’s price signs, which confirm the price change provided by PriceNet through the patent-pending Active Message Control System (AMCS, PWM Sync). This is accomplished through PWM Sync monitoring the communications between the control unit and price sign and reporting price sign changes when they occur.
ABOUT KSS FUELS
KSS Fuels is the leading global provider of fuels pricing and retail network planning software, analytics and consulting services to companies in the oil & gas, convenience store, grocery and retail industries. KSS Fuels helps fuel retailers, distributors and marketers implement effective pricing solutions to increase profitability and analyze retail networks to pinpoint growth opportunities and optimize capital investment to enhance operational performance. The company has North American headquarters in Florham Park, NJ as well as regional offices in Florida, Illinois, Ohio, Oklahoma, Texas and Canada and international operations in Brazil, China, India, Japan, Korea and Africa, with headquarters in Manchester, United Kingdom. For more information about KSS Fuels, please visit www.kssfuels.com.
ABOUT PWM ELECTRONIC PRICE SIGNS
PWM Electronic Price Sign is owned by Krawinkel Holding and is being run by seventh-generation family member Dr. Max Krawinkel. As a global manufacturer of electronic price signs exclusively serving the petroleum retail industry and with installations in more than 52 countries, PWM has developed and patented innovative technology to consistently and effectively handle sign operations in weather climates around the world.
PWM is a leading supplier of standard LED, SMD LED, Segment, Scrolling, and Profitboard®. PWM offers a full complement of manufacturing, retrofitting, and customization of sign services and provides fuel retailers with a complete solution from working with local sign installers, customer service, and the industry’s best sign warranties. PWM’s focus on fuel price signs provides fuel retailers with a best of class, optimized, and efficient solution. For more information about PWM Electronic Price Sign, please visit www.pwm.com.
ABOUT KALIBRATE TECHNOLOGIES
Kalibrate (formerly KSS Fuels) is the only global provider of fuels pricing and retail location intelligence, helping retailers fine-tune decisions to deliver on performance goals. Its proven software, analytics and consulting solutions draw on more than 20 years of expertise and insight into the needs and opportunities of petroleum retailers. Kalibrate has headquarters in Manchester, United Kingdom and Florham Park, New Jersey. The company also has a Center of Excellence in Tulsa, Oklahoma and sales operations in Florida, Illinois, Ohio, Texas, Canada, Brazil, China, India, Japan, Korea and Africa. For more information about Kalibrate, please visit KalibrateTech.com.