AVT Signs Deal with Automated Propane, Inc. Partnership will pilot programs throughout country to automate $49.1 billion U.S. propane market
CORONA, Calif., Oct. 28, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, micro-stores and kiosks, announced that they have inked a deal with Automated Propane, Inc. The partnership will develop and install an innovative self-service propane tank exchange system at locations throughout the country to test consumer adoption of this new automated platform.
Propane is used by more than 12.6 million U.S. households for space heating and other purposes and by millions of other Americans for agricultural, commercial, industrial, and transportation applications. Millions use propane everyday for barbeques, recreational vehicles, cooking, decorative heaters, fire pits, and daily living needs.
Under the terms of the deal, AVT will build the units, and Automated Propane, Inc. will handle the placement and marketing of the systems.
"Our new self-service propane exchange system will revolutionize the market," according to James Winsor, CEO of AVT. "We have had hundreds of requests from consumers asking where they can find a self-service system," he added. "Our system provides consumers with 24-hour access, ease of operation, reliability, and does not require employee assistance – giving consumers all that they want and more."
Propane is a domestically sourced fuel that is good for our nation's economy and energy independence. More than 95 percent of the propane used in the United States is produced in North America. Propane is safe, versatile, and used by millions of Americans every day.
The propane market is growing rapidly. According to a report by ICF International for the Propane Education and Research Council, "Propane sales are projected to grow from 2013 to 2020 due to a rebound in the economy and introduction of new propane applications."
AVT developed an industry-leading solution for buying and exchanging propane tanks in a self-service platform. The system has built-in safety features found nowhere else, is able to be customized to individual dealer's needs, and comes with a patented system management program that provides best-in-class features and services.
For more information on the Automated Propane Solution, or to learn about AVT's full line of automated retailing systems, contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
SOURCE AVT, Inc.