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1/11/2011

*PRESS RELEASE* SMARTLogix Strategic Asset Sale for Future Growth.

SMARTLogix Sells Tank Monitoring Business Assets to Telular (NASDAQ), to gain strategic position for its next generation Petroleum Logistics and Transaction Platform.
Continues as Exclusive SMARTank sales agent and deepens sales and manufacturing partnership to expand its Petroleum Supply Chain Logistics Solutions
 
Charlotte, NC, January 11th, 2011—SMARTLogix, a leading provider of petroleum management, inventory and transportation logistics solutions, announced the sale of select tank monitoring business assets to Telular Corporation (NASDAQ). This strategic move positions SMARTLogix for aggressive growth and development for its complete supply chain optimization platform for fuel and lubricant distributors. Supported by Telular’s strength in Machine to Machine wireless communications, SMARTLogix will continue to be the exclusive provider for direct sales, marketing, and support for the SMARTank solution to the Petroleum Industry. The manufacturing and marketing alliance will enable SMARTLogix to focus all their development resources on comprehensive, enterprise solutions—Inventory Replenishment, Dispatch Optimization, Resource Tracking, BOL to Delivery Reconciliation and Paperless Transactions.
“Telular’s acquisition of our most mature product line, the SMARTank business unit, is an ideal way for us to focus our resources and solutions development team on SMARTruck technology and our Logistics and Transaction Automation Platform. Our continued, exclusive sales alliance will enhance our ability to deliver a complete logistics solution to fuel and lube distributors with the competitive strengths and technical resources of a great partner on the Tank Monitor product line,” said Rick Martin, founder and CEO of SMARTLogix, Inc. “Over the last 11 years, the Tank Monitor business has been the backbone for our growth but we are now positioning our company to deliver a best of breed, next generation Petroleum Logistics Technology platform.”
As a result of this transaction, SMARTLogix will have a very strong balance sheet and the cash resources for aggressive new product development including several strategic acquisitions to complete its total end-to-end, supply chain logistics vision. By focusing on their core competencies—petroleum industry expertise, strong R&D, streamlined product development and hands-on customer service—SMARTLogix is competitively positioned to bring world-class technology, monitoring sensors and business-critical data solutions to the market at a competitive price.
“I am very excited about this opportunity,” said Dan Warren, VP of Marketing and Brand Development for SMARTLogix, Inc.  “By expanding our existing marketing partnership with Telular, we will be able to leverage their low cost manufacturing and support capabilities, global component sourcing, streamlined shipping and inventory sources. Our capabilities to provide our SMARTank customers greater inventory availability and reduced shipping times, will increase dramatically. In addition, we will now be able to provide the benefits of our inventory replenishment solution on a ‘managed services basisgiving our customers the power of SMARTank with no capital outlay.”
SMARTLogix is targeting new platforms and portals for Fuel Management solutions such as SOX-compliant transaction management and reporting for public companies, data capture devices providing real-time delivery verifications for remote locations like railroads and national fleet fueling businesses and third party financial transaction reconciliation.  The company is also rolling out the next generation of its market-leading SMARTruck technology for both tank wagon and transport delivery and driver optimization.
 
About SMARTLogix
SMARTLogix is a leading provider of real-time petroleum management, inventory and transportation logistics solutions, and holds multiple process and product development patents pending. Their comprehensive suite of solutions include: Inventory Replenishment, Dispatch Optimization, GPS Forensic Resource Tracking, BOL to Delivery Reconciliation, and Paperless Transaction Integration and real-time alerts and alarms management for critical performance metrics. SMARTLogix’s primary market is the petroleum logistics business in North America and Canada. Target customers are distributors of petroleum products (bulk fuels, lubes, and used oil) as well as commercial and transportation fuel end users. The company is headquartered in Fort Mill, South Carolina. Additional information is available at www.smartlogixinc.com.
About Telular
Telular Corporation provides event monitoring and wireless access solutions for business and residential customers, enabling security systems and other industrial applications to utilize wireless technology. With over 20 years of experience in the wireless industry, Telular Corporation has developed solutions to deliver remote access for voice and data without significant network investment or disruption. Headquartered in Chicago, Telular Corporation has additional offices in Atlanta and Miami. For more information, please visit www.telular.com.

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