Partnership with MLab and Mosolf Set to Revolutionize Emissions Monitoring to 6.5 million Potential Commercial Trucks in the EU
WATERTOWN, Mass., Jan. 11, 2024 /CNW/ -- Spectaire Holdings Inc. (NASDAQ: SPEC), an innovator in air quality monitoring and emissions reduction technology, today announced a strategic distribution agreement with MLab, alongside their service and distribution partner Mosolf, to bring the cutting-edge AireCore emissions measurement system to the European trucking market.
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This partnership marks a significant step in Spectaire's expansion, leveraging MLabs' network and Mosolf's expertise in trucking, sales, service, and distribution to introduce AireCore systems across Europe. This collaboration is set to revolutionize emissions monitoring in a market where trucks carry almost 80% of land freight transport in the EU.
The European commercial trucking market represents a vast opportunity for Spectaire's technology. Key statistics highlight the market's size and potential (Source: https://www.acea.auto/fact/fact-sheet-trucks/):
Trucks are responsible for nearly 80% of land freight transport in the European Union.
The EU has a fleet of around 6.5 million trucks.
In 2022, over half a million trucks were manufactured within the EU.
50% of heavy trucks built in the US originate from European factories.
The average age of trucks in Europe is 14.2 years, indicating a significant market for upgrades and new technologies.
"The staff at MLab and Mosolf hold leadership roles in various European trucking associations who are helping trucking companies prepare for the strengthened emissions regulations proposed in Euro 7," said Brian Semkiw, CEO of Spectaire. He added, "Through this partnership, we anticipate rapid adoption of AireCore in the European trucking market because we believe Spectaire is uniquely able to address the needs of RDE (Real Drive Emissions) which is a critical component of Euro 7. Today we can deliver the vision of real drive emissions to fleets years ahead of Euro 7 requirements."
Gregory Hancke, COO of Mosolf, commented, "Spectaire is a critical partner for MLab and Mosolf to achieve the environmental sustainability goals. We look forward distributing AireCore to like-minded trucking companies in Europe, enhancing both environmental sustainability and operational efficiency."
Additional Information: For more details on the Spectaire and MLab partnership and the AireCore emissions measurement technology, please visit www.spectaire.com.
About Spectaire
Spectaire (Nasdaq: SPEC) is at the forefront of air quality monitoring and emissions reduction technology. Spectaire provides innovative solutions that foster environmental sustainability and corporate responsibility.
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Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of Spectaire prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.
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