IDGlobal has fulfilled the first series of orders from ToolWatch to provide ExxonMobil unit Mobil Producing Nigeria (MPN) with technology to minimize ‘asset losses’ from its warehouses which have a value of over $100 million. ToolWatch is to deploy IDGlobal’s theft prevent technologies to secure MPN’s $100 million inventory of assets including computers, oil pumps and electrical supplies. These are now protected with a ‘forensic identification system.’
MPN is seeking to combat Nigeria’s ‘rampant theft’ with the energy-sensitive molecular tagging system. A ‘taggant’ is applied to an item that penetrates the surface and forms a chemical bond with the substrate. The marking is invisible to the human eye, but can be read with a handheld scanner. Conspicuous signage provides an additional level of defense.
ToolWatch provides tool-tracking and management systems, combining data collection devices and a tool database system. The technology tracks equipment inventory in the office and field. Billing, purchasing and theft prevention functions are included.
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