IntraGrain Acquires Fuel Lock Inc.
When IntraGrain president Kyle Folk said, “we don’t want to sit still”, he meant it.
This past year, speaking about his most recent accolade – No. 19 on the Deloitte 2017 Technology Fast 50™ – Kyle said “we want to continually develop innovative products. In order to do that we need to stay focused on R&D and continue to attract the best and the brightest individuals in the industry.”
It didn’t take long. Kyle and IntraGrain Technologies Inc. recently acquired Fuel Lock Inc., a company that developed Fuel Lock™, an automatic locking system for fuel tanks. The man behind the invention? Landon Fahlman, an electrician from Holdfast, SK. Landon came up with the concept in the summer of 2017, when discussing with his father an alternative to traditional fuel keys. “The goal for me was to create something that served a practical purpose,” says Landon, “I’m humbled and excited for the opportunity to work with IntraGrain. At the end of the day, we are both committed to increasing efficiencies for producers and businesses, so I think it’s a great fit.”
With the agriculture industry continuing to advance in the technological space, Fuel Lock™ is another tool to help producers understand what is happening within their operation. It will offer them a way to monitor who’s filling from their tanks, and when. According to Kyle, “this is another opportunity we have to help producers mitigate risk in a very risky line of business.”
IntraGrain has already designed, developed and manufactured a wireless grain storage monitoring system- BIN-SENSE®, which is the first of its’ kind in the world. While IntraGrain is leading change in the agricultural world, Fuel Lock™ will give them an opportunity to expand into the business and construction industries.
IntraGrain has recently made more room for expansion as they moved into their new office building in early 2018.
“Our growth is a testament to everyone involved,” Kyle said. It’s our partners and our employees that grind it out everyday. This growth wouldn’t be possible without everyone playing their part.”