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    Ultramar Taps Gilbarco

    Companies extend four-year relationship into long-term agreement.

    MONTREAL -- Ultramar Ltd., a Montreal-based subsidiary of Valero Energy Corp. that markets gasoline and diesel through a network of approximately 1,000 retail outlets in eastern Canada, has selected Greensboro, N.C.-based Gilbarco Veeder-Root as its primary supplier of fuel dispensers and related equipment. The three-year agreement follows a supply agreement between Gilbarco and Ultramar that took effect in 2001,

    Jean Drolet, Ultramar vice president for retail sales development and distribution, said, "Gilbarco has demonstrated consistently over the years that they understand our need to use technology to add customer value and optimize operational efficiency. We see tremendous advantages in making Gilbarco products the basis for Ultramar's fueling infrastructure."

    "We appreciate the confidence Ultramar has shown in Gilbarco Veeder-Root," said Gilbarco president Martin Gafinowitz, "The technology behind products like the Encore 500 dispenser has been developed to help retailers increase profits in every phase of their operation. We are excited about the continued opportunity to put this technology to work for Ultramar."

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