Enterprise Ireland, the Irish government agency for the promotion of international trade by Irish companies, announced a partnership between Tekelek, a company in Clare, Ireland, and U.S.-based fuel management systems provider Paygo for business development in their respective markets. The agreement was announced during an Enterprise Ireland Trade Mission. It allows both companies to capitalize on advances and economies in IoT (Internet of Things) technologies to provide greater intelligence on management and procurement of industrial fuels, according to a June 2 statement.
Tekelek announced that it secured an order for $1.4 million with Paygo to serve the U.S. and Canadian markets. In parallel, Tekelek is developing a sensor to facilitate expansion of Paygo’s service offering.
“This agreement allows Tekelek and Paygo to make the most of a timely opportunity, effectively scaling in new territories,” said Leo McAdams, international sales and partnering manager at Enterprise Ireland.
Founded in 1995, Tekelek provides electronic control (monitoring and measuring) systems for the tank-monitoring and HVAC controls markets, designed to provide operational efficiency, asset management and inventory management. Tekelek has established a European market with a range of tank monitor technologies including the Paygo’s Gremlin tank monitor. Tekelek also specializes in control-based design and manufacturing solutions. These are collaborative and customized products designed to meet highly regulated environmental standards.
“IoT in industrial applications is facilitating smarter decision-making and leaner, more agile businesses,” Oliver McCarthy, general manager, Tekelek said. “We’re very excited to apply this thinking and our technology to the industrial fuels market-place and we’re similarly pleased to partner with an organization of Paygo’s caliber to bring our technologies to the North America market.”
Phil Baratz, CEO of Paygo, said, “Having completed a rigorous research and development process, it is great to introduce the Gremlin tank monitor to our customers in Canada and the United States. We see it as strengthening our current range of products and services.”