Trucknet Enterprise received an order for conducting a test with the international vehicle fleet of the US Army for integration of the Trucknet Smart Catalyst that reduces fuel consumption and polluting emissions
- The purpose of the test is to demonstrate that use of the Trucknet Smart Catalyst component reduces fuel consumption by at least 4% and greenhouse gas (GHG) emissions by at least 10%.
- This order request strengthens Trucknet’s position as a leading company in the area of reducing polluting fuels and emissions.
- The heavy-duty vehicle fleet of the US Army will integrate the Trucknet Smart Catalyst, designed to reduce fuel consumption and emissions in diesel engines.
- The Trucknet Smart Catalyst is marketed by the Company exclusively in Israel, Turkey, the Gulf states, Europe and the United States.
We recall that last week the Company reported on the start of a test with the IDF for use of the integrated device for the reduction of emissions and fuel consumption in their vehicle fleet, as part of their plan to promote the use of new and modern technologies.
21 September 2022, Israel, (TA: Tran) Trucknet is honored to inform that following the Company’s immediate report from 29 March 2022 regarding the signing of a Memorandum of Understanding between the Company and the US Army, in which the US Army will examine the possibility of cooperation with the Company in the area of smart transportation, sustainability and logistics while using the various products and services offered by the Company (and further to what was stated in the Company’s immediate report from 21 August 2022 regarding an Agreement with the US Army on extending the period for examining cooperation options between the Parties), on 21 September 2022 it was agreed with the US Army to carry out a test in which the integrated Trucknet Smart Catalyst will be installed in heavy-duty vehicles of the US Army in Europe.
The purpose of the trial test is to demonstrate that the use of the integrated product will help to reduce fuel consumption and polluting emissions in heavy vehicle engines of the US Army. After successful demonstration of the integrated product, the Parties will continue their conversations for promoting cooperation.
The information provided above regarding cooperation with the US Army, to the best of the Company’s knowledge, is based on data it holds that has not been checked independently by the Company. Moreover, the Company is unable at this stage to assess the possibility of the Parties entering into a binding Agreement, if at all.
About the Company
Trucknet Enterprise is an “integration platform as a service” company. Its All-in-One digital, cloud-based platform enables transportation and logistics companies to reduce transport costs and save resources by optimizing shipments across all modes of transportation, through the use of Artificial Intelligence (AI), Business Intelligence (BI) and Machine Learning (ML).
The platform aims to establish a unique professional system in the area of shared transport. It includes customized management interfacing for drivers and end users, a smart BID system, automatic matching based on location between trucks and cargo, an easy and quick payment solution for the B2B market, and an online tool for calculating CO2 emissions of fleet vehicles.
Trucknet’s software interfaces with all the leading work scheduling (TMS- Transportation Management Systems) and telematics systems, or enables the integration of an original TMS system. Transport companies are provided with full visibility and optimization for fleet management, while using digital documentation (e-CMR), offering complete connectivity, monitoring and transparency.
Trucknet’s solution, customized for the needs of each client, enables automation and complete optimization for land transport for companies that manage commercial vehicle fleets as well as for customers receiving logistics services. Efficiency is improved, significantly reducing costs, and consequently increasing company profitability, together with a reduction in the service cost.
This shared ecosystem that connects trucks with cargo significantly reduces empty miles (mileage accumulated while driving with an empty container). As a result, the number of vehicles on the roads is reduced as well as harmful emissions, damage to the environment and traffic accidents involving trucks. This is accomplished by a user interface that automatically prioritizes available vehicles from one company with other transport and logistics companies by making a smart match based on location between empty trucks and available cargo. The data for trucks that travel empty (without cargo) in the world stands at 27% in Europe, 36% in the United States and 46% in Asia.
A 2021 survey carried out by TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund) found that about half of investors currently hold socially responsible investment (ESG – environmental, social, and governance) portfolios, as they realize that the value of an impact investment is more than return alone. The solution offered by Trucknet is therefore an absolute WIN- WIN-WIN for any company that integrates and connects to its platform, as well as for the investor and, of course, for the environment.
Trucknet operates in the international transportation and logistics market, valued at about $19.36 trillion, and to date the company has approximately half a million trucks and about 5,000 companies registered from around the world.
Since its Initial Public Offer (IPO) on the Tel Aviv Stock Exchange in April 2021, the Company has signed a number of Agreements with noteworthy factories, companies and logistics organizations throughout Europe and the US, including operational Agreements with CS PPG Romania S.A., Saint Gobain, DSV, KYNITA, Hochland, Farmec, Carpatina BEVERAGES S.A. and more.
Trucknet was founded in 2016 by CEO Mr Hanan Fridman, and the company has more than 40 employees in offices in France, Romania and Israel.