Volvo Invests in New Technology to Reduce Number of Thefts from Trucks
February 20 2008 - 9:19AM
Business Wire
Regulatory News: Solely in the EU, goods are stolen from trucks
each year amounting to about SEK 75 billion and the number of
thefts are rising all the time. In addition to the costs to society
and the shipping companies of the thefts they result in the driver
environment becoming increasingly insecure and vulnerable. Now the
Volvo Group (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) through Volvo
Technology Transfer has acquired an interest in the Jonkoping-based
company Datachassi, which has developed a patent pending theft
protection system based on intelligent radio technology and sensors
that can sharply reduce thefts. "We foresee a huge potential for
this invention," says Per Wassen, investment manager at Volvo
Technology Transfer. Most of the thefts from trucks are from the
trailer and to date there has not been any satisfactory security
system for protection. The key feature with the Datachassi
invention is that it links the tractor with the trailer using
sensors and intelligent radio technology and, consequently, reduces
the risk of theft and slashing of cargo covers. The system is built
into the trailer's sidelights and can easily be refitted. Solely in
Europe, there are three million trucks that theoretically could be
equipped with the system and several leading truck manufacturers
have expressed major interest in it. "We foresee a huge potential
for this invention, which has good possibilities of becoming an
industry standard," says Per Wassen, investment manager at Volvo
Technology Transfer. "This is an investment fully in line with the
Volvo Group's striving to offer our customers safe and efficient
transport solutions." In brief, the innovation is based on radio
communications. The trailer's sidelights are modified and equipped
with sensors and radio beacons that communicate with each other.
When objects or persons come too close to the trailer, the sensors
are triggered and send alarm signals via the radio beacons to the
cab. The alarm can then be sent wireless to a central server or to
a security company, depending on how the system is programmed.
Eventually, the system can also contribute to making goods and
passenger transports safer, since it can also provide warnings
about pedestrians or other unprotected road-users coming too close
to the vehicle. A Swedish patent application has received positive
preliminary approval and the application for a world patent is
pending. Volvo Technology Transfer AB is part of the Volvo Group
and focuses on developing and supporting new businesses of
relevance to the Volvo Group. Part of these operations is to invest
in companies and projects that are technically and commercially
attractive. Note: A press conference will be held on Thursday,
February 21, at 11:00 a.m. at the Science Park, Jonkoping, Case
conference room, 5th floor. February 20, 2008 For reporters who
want more information, please contact Per Wassen, Investment
Director, Volvo Technology Transfer, tel. +46 31 66 91 68 or +46
708 96 00 55. Visit http://www.thenewsmarket.com/volvogroup to
access broadcast-standard video from Volvo Group. You can preview
and request video, and choose to receive as a MPEG2 file or by Beta
SP tape. Registration and video is free to the media. AB Volvo
(publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 15.00 p.m. February 20, 2008. The
Volvo Group is one of the world's leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The
Group also provides complete solutions for financing and service.
The Volvo Group, which employs about 100,000 people, has production
facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about SEK
285 billion. The Volvo Group is a publicly-held company
headquartered in Goteborg, Sweden. Volvo shares are listed on OMX
Nordic Exchange Stockholm. This information was brought to you by
Cision http://newsroom.cision.com Regulatory News: Solely in the
EU, goods are stolen from trucks each year amounting to about SEK
75 billion and the number of thefts are rising all the time. In
addition to the costs to society and the shipping companies of the
thefts they result in the driver environment becoming increasingly
insecure and vulnerable. Now the Volvo Group (NASDAQ:VOLV)
(STO:VOLVA) (STO:VOLVB) through Volvo Technology Transfer has
acquired an interest in the J�nk�ping-based company Datachassi,
which has developed a patent pending theft protection system based
on intelligent radio technology and sensors that can sharply reduce
thefts. �We foresee a huge potential for this invention,� says Per
Wass�n, investment manager at Volvo Technology Transfer. Most of
the thefts from trucks are from the trailer and to date there has
not been any satisfactory security system for protection. The key
feature with the Datachassi invention is that it links the tractor
with the trailer using sensors and intelligent radio technology
and, consequently, reduces the risk of theft and slashing of cargo
covers. The system is built into the trailer�s sidelights and can
easily be refitted. Solely in Europe, there are three million
trucks that theoretically could be equipped with the system and
several leading truck manufacturers have expressed major interest
in it. �We foresee a huge potential for this invention, which has
good possibilities of becoming an industry standard,� says Per
Wass�n, investment manager at Volvo Technology Transfer. �This is
an investment fully in line with the Volvo Group�s striving to
offer our customers safe and efficient transport solutions.� In
brief, the innovation is based on radio communications. The
trailer�s sidelights are modified and equipped with sensors and
radio beacons that communicate with each other. When objects or
persons come too close to the trailer, the sensors are triggered
and send alarm signals via the radio beacons to the cab. The alarm
can then be sent wireless to a central server or to a security
company, depending on how the system is programmed. Eventually, the
system can also contribute to making goods and passenger transports
safer, since it can also provide warnings about pedestrians or
other unprotected road-users coming too close to the vehicle. A
Swedish patent application has received positive preliminary
approval and the application for a world patent is pending. Volvo
Technology Transfer AB is part of the Volvo Group and focuses on
developing and supporting new businesses of relevance to the Volvo
Group. Part of these operations is to invest in companies and
projects that are technically and commercially attractive. Note: A
press conference will be held on Thursday, February 21, at 11:00
a.m. at the Science Park, J�nk�ping, Case conference room, 5th
floor. February 20, 2008 For reporters who want more information,
please contact Per Wass�n, Investment Director, Volvo Technology
Transfer, tel. +46 31 66 91 68 or +46 708 96 00 55. Visit
http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. AB Volvo (publ)
may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 15.00 p.m. February 20, 2008. The
Volvo Group is one of the world�s leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The
Group also provides complete solutions for financing and service.
The Volvo Group, which employs about 100,000 people, has production
facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about SEK
285 billion. The Volvo Group is a publicly-held company
headquartered in G�teborg, Sweden. Volvo shares are listed on OMX
Nordic Exchange Stockholm. This information was brought to you by
Cision http://newsroom.cision.com
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