Trucknet Enterprise received a request to conduct an experiment for the IDF’s fleet of polluting vehicles for the integration of the Trucknet Smart Catalyst that reduces fuel consumption and emissions
- Following of the strategic cooperation between Trucknet and the American company Rentar, the IDF will begin an experiment in the coming weeks for the reduction of emissions and fuel consumption in its vehicle fleet; this is part of its plan to promote the use of new technologies.
- The IDF will test the integrated catalytic device, the Trucknet Smart Catalyst, intended 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.
- The cost of the device is about $4,000 and, according to the ROI (Return on Investment), the Company expects substantial income from this field of activity.
- Further to the results of tests carried out in the US that demonstrate the high quality of the fuel catalyst, the Company believes that the experiment with the IDF will show successful results, similar to those from the US.
Data received from the experiment are as follows: reduction in fuel consumption was 5%-10%, while emissions decreased by 10%-20%. Similar tests were carried out for Caterpillar in Brazil and in Korea with the logistics and bus giant Ariva.
Israel September 15, 2022 (TA: Tran) Trucknet is honored to report that on 14 September 2022 notification was received from the IDF that they will begin an experiment, for the reduction of emissions and fuel consumption in the IDF fleet of vehicles where fuel consumption is inefficient compared to more modern platforms, by using Trucknet’s Smart Catalyst, an integrated device, marketed by the Company exclusively in Israel, Turkey, the Gulf states, Europe and the US.
According to the notification, the IDF operates thousands of these vehicles. In addition, as noted, an order for the devices to be used in the experiment will be sent to the Company from the Procurement Department in the coming weeks.
The cost of a single device is approximately $4,000 and if the experiment is successful, and the IDF decides to purchase the catalyst for its vehicle fleet, the Company should receive considerable income.
The information provided above regarding the experiment to be conducted by the IDF and an order for the devices, 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 success of the experiment and the chances of successfully selling the integrated device to the IDF.
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.
