Petrol retailers across the country are beginning to see a solution to an age-old problem of fuel theft.
An estimated $60 million per year is lost due to this problem, but Scancam is trying to change this for good.
The technology Scancam is providing in Australia is not just an alert or detection system, but a total end-to-end solution bespoke to the fuel retail industry.
This innovation is the driving force behind the growth of Scancam, and is what separates them from the other licence plate recognition companies out on the market.
Len Sanzone, owner of seven BP stations fitted with the Scancam system, said the collection of lost money has increased dramatically.
“We are finally able to collect funds that we weren’t able to collect before Scancam came along,” said Sanzone.
Not only is Sanzone able to see funds come back into the business, but theft attempts are on the decline.
“Repeat offenders have basically been eliminated,” he said.
Now these benefits for petrol station owners are about to expand even further across the nation with a new deal with Caltex Australia.
The technology to manage drive-offs will roll out to twenty sites this month, and IOU capability at hundreds more Caltex sites this year as Scancam continues to extend their reach further into the fuel industry.
Scancam founder, Eoin Byrne, said it is a fantastic opportunity for growth.
“The new deal with Caltex increases our network and really solidifies us as the number one player in the industry,” he said.
Caltex is another phase in the growth Scancam is seeing, and won’t be the end of their continual push to lead the market.
“We’re in negotiations with other fuel majors to get the technology in as many petrol stations as we can,” Byrne said.