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WACnGO aims to enhance logistics management in the oil and gas sector by developing a security solution to prevent theft and fraud. Their e-LockS system integrates software and hardware to manage access to LPG tanks effectively.
The demand of oil and gas including Liquefied Petroleum Gases (LPG) amounts to 766 million m3 in Europe, at a compound annual growth rate (CAGR) of 5.25% for the period 2009-2013.
Currently, distributors and governments are suffering important financial losses due to theft, smuggling, and fraud in the delivery and sale of oil and gas products, costing European companies an estimated range from 100€ million to 1,300€ million every year.
In WACnGO, our activity started in 2008 with the developm…
WACNGO LTD
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