Volvo Group, Qamcom Group and the inventor Roman Iustin kind a new start-up company, Fyrqom AB. The new company will provide an automatic system for calibration of the tire strain monitoring system on heavy-duty autos.
GOTEBORG, Sweden, Oct. 25, 2022 /PRNewswire/ — With a tire strain monitoring system, the motive force is knowledgeable if one of many tires loses the strain. Today relatively few heavy-duty autos are outfitted with such a system. From 2024 although there’s a authorized demand in Europe that each one vehicles and trailers ought to have such a system. Today the tire strain monitoring system should be calibrated manually on each truck when they’re constructed and when a tire is modified in a workshop. Roman Iustin, a Volvo Group engineer, had an thought on find out how to make this course of extra environment friendly with an automatic calibration system.
Through CampX, the Volvo Group’s international innovation enviornment for expertise and business transformation, Roman Iustin bought assist to validate the answer and the business potential. The validation confirmed a excessive buyer worth. With the answer being barely exterior present Volvo Group’s business, the choice was to make a ‘spin out’ and construct a new enterprise. This was completed with pace utilizing the CampX idea with assist from many areas throughout the Volvo Group, like Legal, IP technique, 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 three way partnership between Volvo Group, Qamcom Group and Roman Iustin, who would 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
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The Volvo Group drives prosperity by way of transport and infrastructure options, providing vehicles, buses, building gear, energy options for marine and industrial functions, financing and companies that enhance our clients’ uptime and productiveness. Founded in 1927, the Volvo Group is dedicated to shaping the long run panorama of sustainable transport and infrastructure options. The Volvo Group is headquartered in Gothenburg, Sweden, employs virtually 95,000 folks and serves clients in additional than 190 markets. In 2021, internet gross sales amounted to SEK 372 billion (EUR 37 billion). Volvo shares are listed on Nasdaq Stockholm.
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