Volvo Group, Qamcom Group and the inventor Roman Iustin form
a new start-up company, Fyrqom AB. The new company will offer an
automated system for calibration of the tire pressure monitoring
system on heavy-duty vehicles.
GOTEBORG, Sweden, Oct. 25,
2022 /PRNewswire/ -- With a tire pressure
monitoring system, the driver is informed if one of the tires loses
the pressure. Today rather few heavy-duty vehicles are equipped
with such a system. From 2024 though there is a legal demand in
Europe that all trucks and
trailers should have such a system. Today the tire pressure
monitoring system must be calibrated manually on every truck when
they are built and when a tire is changed in a workshop. Roman
Iustin, a Volvo Group engineer, had an idea on how to make this
process more efficient with an automated calibration system.
Through CampX, the Volvo Group's global innovation arena for
technology and business transformation, Roman Iustin got support to
validate the solution and the business potential. The validation
showed a high customer value. With the solution being slightly
outside current Volvo Group's business, the decision was to make a
'spin out' and build a new venture. This was done with speed using
the CampX concept with support from many areas within the Volvo
Group, like Legal, IP strategy, Finance, Tax, HR and
Purchasing.
"Having this venture builder function in the CampX concept is a
good way to capture new business ideas and opportunities, both
inside and outside the Volvo Group, and accelerate them to the
market," says Johan Lundén, Volvo Group Senior Vice President and
CampX chairman.
The new startup company, Fyrqom AB, is a joint venture between
Volvo Group, Qamcom Group and Roman Iustin, who will be the CEO of
Fyrqom AB.
"Focusing on customer needs, Volvo Group colleagues are
encouraged to apply technologies to solve specific problems. This
fosters the mindset for development of technology assisted business
solutions. I am thankful for this opportunity and looking forward
to the exciting journey ahead," says Roman Iustin.
"To us, this joint venture is a perfect match – we see a great
potential to make a positive impact on a larger scale through
Fyrqom's innovative solution, Volvo Group's resources and our
technology experience," says Jonas
Sandberg, Co-founder and Business Developer at Qamcom
Group.
October 25, 2022
Journalists wanting further information, please
contact:
Claes Eliasson, Volvo Group Media
Relations, +46 76 553 72 29
For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup
The Volvo Group drives prosperity through transport and
infrastructure solutions, offering trucks, buses, construction
equipment, power solutions for marine and industrial applications,
financing and services that increase our customers' uptime and
productivity. Founded in 1927, the Volvo Group is committed to
shaping the future landscape of sustainable transport and
infrastructure solutions. The Volvo Group is headquartered in
Gothenburg, Sweden, employs almost
95,000 people and serves customers in more than 190 markets. In
2021, net sales amounted to SEK 372
billion (EUR 37 billion).
Volvo shares are listed on Nasdaq Stockholm.
The following files are available for download:
https://mb.cision.com/Main/39/3653723/1642705.pdf
|
221025-volvo-group-spins-out-new-company-fyrqom-ab-en
|
https://news.cision.com/ab-volvo/i/fyrqom-1860x1050,c3104896
|
Fyrqom
1860x1050
|
View original
content:https://www.prnewswire.com/news-releases/volvo-group-spins-out-new-company-fyrqom-ab-301658124.html
SOURCE AB Volvo