ADDISON,
Texas, Oct. 4, 2024 /CNW/ -- Authentix, the
authority in authentication and information services, announces an
important milestone as the global market leader in covert fuel
marking for 25 years running by marking over 3 trillion liters of
fuel and today provides marking for over 20 unique sector programs
with 150 billion liters of fuel treated annually.
Since 1999, Authentix has remained the leading provider of
covert fuel marking delivering proprietary technologies, services,
and data analytics to governments and commercial oil companies.
Using the most advanced covert chemical markers, handheld fuel
analyzers, local program support, and data analysis tools,
customers can check real-time both upstream and downstream supply
chains to instantly detect illicit trading of petroleum
products.
From just a few employees and a single office in 1996, Authentix
has since expanded with fuel marking programs in Central America, South America, the Middle East, Africa, Europe, Asia,
and Australia. Today, Authentix
has offices across the globe and over 600 employees.
Kevin McKenna, President and
Chief Executive Officer, stated, "Our commitment to innovation and
keeping our customers' success our first priority has played a
large part in the company's successful expansion in fuel marking
during this 25-year run." He added, "Authentix covert fuel marking
solutions prevent illegal smuggling and tax evasion, ensuring
governments recover legitimate tax revenues. Also, our solutions
ensure commercial oil companies maintain fuel quality, brand
reputation, and consumer trust."
Authentix's toolset includes chemical markers, fuel
analyzers, mobile apps, and web-based data management
(AXIS®) for tracking and enforcement. Customers
typically see a reduction in illicit activity from over 30% of the
fuel volume to less than 5% resulting in significant return on
investment from 5 to 15 times the cost of the program.
Kent Mansfield, Chief Sales and
Marketing Officer, commented, "Another key factor in reaching this
25-year milestone is Authentix' unwavering commitment to
sustainability. Our solutions use only environmentally friendly
CHON-based (carbon, hydrogen, oxygen, and nitrogen) chemical
markers that conform to global environmental treaties and reduce
persistent organic pollutants. Additionally, Authentix reinvests in
served communities by funding educational facilities, providing
essential equipment, drilling wells for freshwater access, and
installing solar electric infrastructure for schools and medical
facilities."
About Authentix:
As the authority in authentication solutions, Authentix brings
traceability to today's complex global supply chains. For over 25
years, Authentix has provided clients with physical and
software-enabled solutions to detect, mitigate, and prevent illicit
trading activity for currency, excise taxable goods, and branded
consumer products. Through a proven partnership model and deep
sector expertise, clients experience custom solution design and
complete program management to ensure product safety, revenue
protection, and consumer trust. Headquartered in Addison, Texas USA, Authentix, Inc. has
offices in North America,
Europe, Middle East, Asia, and Africa serving clients worldwide. For more
information, visit https://www.authentix.com.
Authentix® is a registered trademark of Authentix,
Inc.
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SOURCE Authentix, Inc.