Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Meritor, Clarience Technologies Report Technology Alliance To Develop Future Connectivity Solutions For Commercial Trucks, Trailers, No Terms Disclosed

Author: Benzinga Newsdesk | March 08, 2022 12:18pm

Clarience Technologies and Meritor (NYSE: MTOR) are forming a technology alliance to develop future connectivity solutions for commercial trucks and trailers. As a first step, Meritor will join the Road Ready advanced trailer telematics LogIQ™ smart partner network, making its smart component data accessible directly through the Road Ready system.

"As electric, autonomous and connected technologies transform the transportation industry faster than anything we've seen before, customers are looking for leaders who are ahead of what's on the horizon," said Nada Jiddou, Clarience Technologies executive vice president, connected solutions, who has responsibility for Road Ready and Fleetilla. "Meritor is a consistent innovator, and we are excited for what we can accomplish together to improve the future of transportation."

Southfield, Michigan-based Clarience Technologies is the parent company to several leading brands that serve commercial transportation, including Truck-Lite, Road Ready advanced telematics, DAVCO filtration, and ECCO safety systems.

Road Ready Welcomes Meritor as its Eleventh Road Ready LogIQ Partner
As a key first step in the technology agreement, Meritor will join Road Ready's LogIQ network, a first-of-its-kind platform which acts as a universal language decoder, enabling communication between smart components from partners like Meritor and Road Ready, ultimately making it easier to make smart decisions.  

"Road Ready's open, partner-focused approach will complement our drive to incorporate further sensing technologies into our products," said Saad Malik, Meritor general manager, Front Drivetrain and Trailer. "We believe this alliance will lead to new solutions that propel the industry into its next chapter."

As smarter, more connected technologies are introduced into the transportation industry, commercial fleets now have access to many new data sources that, when analyzed, can bring significant efficiencies into their operations. Yet, even the most sophisticated fleets can feel overwhelmed by the task of analyzing the growing number of information sources to optimize their operations.

The introduction of the LogIQ integrated data platform gives users complete access through its FleetViz™ fleet management solution, a single portal providing detailed data from at-a-glance dashboards, asset health data tiles and customizable alerts. The dashboard delivers a closer look at which assets have active alerts and need attention. With dynamic reports and insights, fleet managers can analyze data to reduce costs, optimize fleet assets and increase supply chain visibility.

With Meritor's collaboration, customers can look forward to the introduction of sensing technologies to help the fleets better manage their braking, wheel-end, and tire systems.

Meritor joins ten other LogIQ partners, industry leaders each serving commercial transportation including:

  • Right Weigh, Inc.
  • Air-Weigh
  • P.S.I.
  • Hendrickson
  • Continental
  • ConMet Digital
  • SKF
  • SAF Holland
  • Stemco
  • Hyundai Translead

Understanding the Road Ready Difference
Introduced by Truck-Lite in 2017 as a way for fleets to use remote monitoring to determine the proper working condition of trailer lights, Road Ready is now one of the fastest growing trailer telematics brands in the North American market. Today, Road Ready offers the most comprehensive solution in the industry.

Road Ready's trailblazing achievements include its 5G Ready technology, a first-of-its-kind trailer telematics solution, unveiled last summer, enabling fleets to operate their systems continuously without worrying about downtime caused by cellular network upgrades.  Road Ready continues its forward momentum with the Clarience Technologies acquisition of Fleetilla, an Ann Arbor, Michigan-based telematics provider whose IoT platform and products are a strategic fit with the current Road Ready offering.

With telematics solutions expected to take off as electric and autonomous technologies take hold, Road Ready is confident it will be ready to meet demand. The company has added nearly two dozen software engineers to support the business, and its manufacturing team has been ensuring it has both the facilities and capabilities needed to build the anticipated number of telematics systems the industry will require.

In January, Clarience-owned DAVCO announced its $3.5-million-dollar investment to launch a new Advanced Electronics Manufacturing Center in Saline, Michigan. Designed to scale up over time to meet anticipated demand for telematics solutions, the state-of-the-art manufacturing facility is now building all hardware needed for Road Ready advanced telematics. 

Posted In: MTOR