Saudi Arabian Airlines to Implement FuelQuest's Fuel Management and Tax Determination Solutions

Business Wire, Jan 23, 2008

Global Deployment Will Reduce Fuel Expenses at 92 Locations Worldwide

HOUSTON -- FuelQuest, Inc., the leading on-demand software and services company for the downstream energy industry, announced today that Saudi Arabian Airlines (Saudia) will implement FuelQuest's Fuel Management System[TM] (FMS) and ZyTax Tax Determination Engine. The solution, deployed in conjunction with the SAP[R] ERP application, will optimize the airline's fuel procurement and management processes as the company reorganizes its operations into nine independent subsidiaries.

"FuelQuest's automated solution will streamline processes tied to fuel procurement, inventory replenishment, transaction processing and financial reconciliation, enabling us to reduce our fuel-related operating costs," said Khalid Almolhem, Director General, Saudi Arabian Airlines. "FuelQuest FMS's proven integration with SAP ERP will provide a platform for expansion as the airline continues to grow and evolve as a privately run entity."

Saudia's fleet, ranked among the top 20 out of 247 airlines, includes more than 130 aircraft servicing 42 countries using 92 fueling locations and three bulk fuel inventory locations in New York City, Houston and Austin, TX. FuelQuest provides Saudia with a fuel management solution that supports its well-defined growth initiatives. With FuelQuest's FMS, Saudia will have detailed insight into fuel usage trends and inventory positions, enabling them to reduce direct fueling costs and maximize the effectiveness of its hedging program.

Saudia selected FuelQuest's FMS to centralize and automate its fuel management processes in the following areas:

* Inventory, order and price management;

* Delivery and invoice reconciliation;

* Tax determination;

* Freight management.

In addition, FuelQuest's FMS has achieved Powered by SAP NetWeaver[R] status for the certified interface Fuel Management System version NW04.1 integrated with SAP solutions.

"FMS will allow Saudia to quickly adapt to market changes and implement a proactive sourcing and supply strategy to combat price volatility," said Jim Kiser, senior vice president of FuelQuest. "We are pleased to work closely with Saudia and SAP to deliver this comprehensive aviation solution."

About FuelQuest

FuelQuest provides on-demand, web-based supply chain management and tax automation technologies for suppliers, distributors, buyers, and traders of petroleum products and other energy commodities. FuelQuest solutions deliver operational and financial value to over 750 customers.

These customers include leading global oil companies, international retailers, shippers, and government entities. FuelQuest solutions help customers manage the complexity, regulation, and market volatility of billions of gallons of gasoline and diesel fuel annually. ZyTax solutions process tens of billions of dollars of motor fuels excise taxes per year.

Find out more online at www.fuelquest.com.

SAP, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world.

All other product and service names mentioned herein are the trademarks of their respective owners.