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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 Jönköping-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 Wassén,
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 Wassén, 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, Jönköping,
Case conference room, 5th floor.
February 20, 2008
For reporters who want more information, please contact Per Wassén,
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
Göteborg, Sweden. Volvo shares are listed on
OMX Nordic Exchange Stockholm.
This information was brought to you by Cision http://newsroom.cision.com