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Varec and Gilbarco Veeder-Root Partner

Press Release | January 2018

Varec and Gilbarco Veeder-Root Partner to Bring Integrated Fuels Management Across the Fuels Supply Chain

FuelsManager Can Now Capture and Integrate Fuel Transaction Data at the Point of Sale to Provide Complete Asset Management from Tank Farm to Fleet

January 10, 2018 – Atlanta, GA - Varec, a petroleum industry innovator and wholly-owned subsidiary of Leidos, a FORTUNE 500® information technology, engineering, and science company, has partnered with Gilbarco Veeder-Root, a technology leader for retail and commercial fueling options, to integrate commercial fleet fuel management systems with bulk fuel management operations.

Varec is exclusively offering its FuelsManager technology and Gilbarco Veeder-Root’s Gasboy IslanderPLUS system as an integrated solution that will enable fuel suppliers to have complete oversight of assets from the tank farms, terminals and load racks, through commercial fleets at the point of sale. Major oil and gas suppliers and defense agencies across the globe use FuelsManager to provide visibility, inventory management and control of their petroleum assets. IslanderPLUS provides 24/7 terminal systems that support multiple access technologies. Both are compliant with the Department of Defense’s military grade cyber security standards.

“Our FuelsManager solution has provided commercial and military tank farms and terminals with comprehensive tools such as inventory management, accounting and terminal automation for over 20 years,” said Tim Archer, Chief Technology Officer at Varec. “This agreement enables Varec to offer the Gilbarco Veeder-Root IslanderPLUS as an integrated component of our FuelsManager solution, which greatly extends our fuels management expertise into the fleet management sector and continues our role as a leading innovator in the petroleum sector.”

FuelsManager will interface directly to the Gasboy IslanderPLUS Fleet Management System terminal, to manage the complete fuel sale process. This is done in real-time at unmanned service station facilities and other fuel points. With this integration, fuel suppliers are able to validate authorized users and payment methods before fuel delivery commences. The combined solution will update FuelsManager with completed transaction data for timely and accurate reconciliation. This data can then be integrated at the enterprise to provide suppliers with a complete view of their assets across the fuels supply chain.

“Choosing Varec as a strategic partner to sell our Gasboy IslanderPLUS as an integrated solution for fleet fuel management just made sense,” said Kevin DeVinney, Director of Dispensers and Fleet Systems for Gilbarco Veeder-Root. “Their customers will now have access to fleet data in the same system they use today.”

The integrated solution operates online or offline as it is capable of validating data locally or remotely, enabling real-time validation and data transfer, manual operation or batch transfer of completed transactions. FuelsManager can also manage the Gasboy IslanderPLUS using a variety of wireless methods.

This combined fleet fuels management solution is ideal for state and local agencies, commercial organizations and military operations. For more information, please contact Varec via email at sales@varec.com or by phone at 1-866-698-2732.



Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company’s Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Contact:
Melissa Koskovich
(571) 526-6850
Koskovichm@Leidos.com
Jennifer Moffett
(571) 526-6852
Jennifer.a.moffett@leidos.com

About Varec, Inc.

Varec, Inc., a wholly owned subsidiary of Leidos, is considered the pioneer of inventory tank gauging instrumentation nearly 90 years ago. Today, Varec is a worldwide leader in fuels management systems for total asset visibility and control, supplying integrated hardware and software solutions to oil and gas, defense and aviation markets. The Varec FuelsManager suite of product solutions has been a longtime standard of major oil companies and the U.S. Department of Defense, as well as aviation tank farm operators and service providers. With its headquarters and manufacturing facility outside of Atlanta, Georgia, Varec also has offices in Virginia, Australia and the United Kingdom. For more information, visit www.varec.com.

About Leidos

Leidos is a global science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.

About Gilbarco Veeder-Root

Gilbarco Veeder-Root is the worldwide technology leader for retail and commercial fueling operations. It offers the broadest range of integrated solutions from the forecourt to the convenience store and head office. For over 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support and proven reliability. Major product lines include: fuel dispensers, dispenser media, point-of-sale systems, payment systems, tank gauges, software development and integration, fleet management systems and nozzles. For more information, visit www.gilbarco.com and www.gasboy.com.

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