Proximity Technology And FOSS & ESG Team To Feed Offshore Workers Around The World

Proximity Technology announced today it has entered into a major contract with FOSS & ESG, for the implementation of its closed loop mCashless payment platform. FOSS & ESG one of the world’s largest suppliers of catering services and bonded stores for the offshore vessel and oil platform industry. The payment system will initially support 1,300 workers and employees in 12 offshore sites End Quote

(1888PressRelease) February 06, 2025 - Freehold, NJ and Limassol, Cyprus – After an extensive search and a series of tests, FOSS & ESG, based in Cyprus, selected Proximity Technology’s NFC based mCashless payment platform to meet its offshore catering and bonded stores payment system requirements. Key elements of the system included being able to operate under adverse weather conditions including loss of internet service, robust encryption and secure communication protocols to safeguard user data and financial transactions, and a secure end-user web portal to name just a few.

“This is a major contract for Proximity Technology that provides us with the opportunity to meet the diverse payment platform requirements of a large international corporation” says Kenneth Volet, CEO of Proximity. “We look forward to cooperating further with FOSS to grow and expand our businesses together for many years to come.

"We are excited to announce the commencement of a new chapter in our company’s journey as we prepare to launch an innovative cashless system. We look forward to collaborating with Proximity Technology, whose expertise and commitment to advancement align perfectly with our vision” says Christian Freymuth, Project Coordinator at FOSS & ESG. Together, we aim to create a seamless and efficient experience for our customers and employees that will redefine the way transactions are conducted. This partnership marks a significant milestone for us, and we are eager to embark on this transformative journey with Proximity Technology” adds Mr. Freymuth.

About Proximity Technology
Proximity Technology Inc specializes in the domain of proximity technologies like NFC (Near Field Communication), BLE (Bluetooth Low Energy), QR Code and RFID, authentication and automation solutions for public and private sector organizations. We combine the latest proximity technologies with backend web application and mobile Applications to bring cutting edge productivity solutions in the attendance management, weight automation; membership and loyalty management and cashless payment solutions. For more information visit www.proximity-technology.com

About FOSS & ESG
FOSS & ESG is a global offshore catering and housekeeping service provider founded in 1995. For more than 20 years FOSS & ESG have been offering top quality offshore catering and housekeeping services, with a particular focus on Oil & Gas, Offshore Wind and Maritime industries. With 8 strategically positioned offices around the world and a global network of time-tested suppliers, FOSS & ESG is delivering its services wherever our clients need us to be. Active locations include the North Sea, Gulf of Mexico, Brazil, Central America, West Africa, and the Middle East. For more information visit www.foss-goss.com

Contact: Kenneth Volet Contact: Christian Freymuth
Email: kvolet ( @ ) proximity-technology dot com Email: c dot freymuth ( @ ) goss-foss dot com
Phone: + 1 732-718-3467 Phone: +357 99 431 605

https://www.proximity-technology.com

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