Partnership with MLab and Mosolf is set to revolutionize emissions monitoring for a potential 6.5 million commercial trucks in the EU
Watertown, Massachusetts., January 11, 2024 /CNW/ — Spectaire Holdings Inc. announced… (NASDAQ: SPEC), an innovator in air quality monitoring and emissions reduction technology, today announced a strategic distribution agreement with MLab, along with service and distribution partner Mosolf, to bring the cutting-edge AireCore system. Emission measurement system for the European trucking market.
This partnership represents an important step in Spectaire’s expansion, leveraging the MLabs network and Mosolf’s expertise in trucking, sales, service and distribution to deliver AireCore systems across Europe. This collaboration is set to revolutionize emissions control in a market where trucks carry approximately 80% of the EU’s road freight transport.
The European commercial trucking market represents a significant opportunity for Spectaire technology. Key statistics highlight the size and potential of the market (Source: https://www.acea.auto/fact/fact-sheet-trucks/):
Trucks are responsible for approximately 80% of road freight transport in the European Union.
The European Union has a fleet of about 6.5 million trucks.
In 2022, more than half a million trucks were manufactured within the European Union.
50% of heavy trucks manufactured in the United States come from European factories.
Average age of trucks in Europe It is 14.2 years old, which suggests there is a large market for upgrades and new technologies.
“Staff at MLab and Mosolf take on leadership roles in various European trucking associations that help trucking companies prepare for the enhanced emissions regulations proposed in Euro 7,” He said Brian Simkew, CEO of Spectaire. He added: “With this partnership, we anticipate rapid adoption of AireCore in the European trucking market because we believe Spectaire is uniquely capable of meeting the RDE (Real Engine Emissions) needs that are a critical component of Euro 7. Today we can provide insight into fleets’ real driving emissions years ahead Euro 7 requirements.”
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Gregory Hankey“Spectaire is an important partner for MLab and Mosolf to achieve their environmental sustainability goals,” commented Mosolf COO. “We look forward to distributing AireCore to like-minded trucking companies in Europeand enhancing environmental sustainability and operational efficiency.”
Additional Information: For more details about the Spectaire and MLab partnership and AireCore emission measurement technology, please visit www.spectaire.com.
About Specter
Spectaire (Nasdaq: SPEC) is at the forefront of air quality monitoring and emissions reduction technology. Spectaire provides innovative solutions that promote environmental sustainability and corporate responsibility.
Forward-looking statements
This release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” and “plan.” “may”, “should”, “will”, “will continue”, “is likely to result” and similar expressions.
Forward-looking statements are based on the current expectations of Spectaire’s management and are inherently subject to uncertainties, changes in circumstances and their potential effects, and speak only as of the date of this statement. There is no guarantee that future developments will be those anticipated. Forward-looking statements reflect material expectations and assumptions, including, but not limited to, forecasts and assumptions. These expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and are therefore subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that could cause actual results or performance to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in Spectaire’s public filings with the U.S. Securities and Exchange Commission (“SEC”) and the following: Spectaire’s ability to operate as a going concern; Spectaire’s significant additional capital requirements; Spectaire’s limited operating history; History of Specter’s losses; Spectaire’s ability to attract qualified management; Spectaire’s ability to adapt to rapid and significant technological change and respond to new product introductions in order to remain competitive; loss or non-performance of one or more significant customers; disruptions in Spectaire’s manufacturing process; changes in government regulations resulting in reduced demand for Spectaire’s products or increased Spectaire’s expenses; the impacts of global health crises on Spectaire’s business plans, financial condition and liquidity; changes or disturbances in the securities markets; legislative, political or economic developments; Spectaire’s failure to obtain any necessary permits or comply with laws, regulations and other regulatory requirements; accidents, equipment failure, labor disputes or other unexpected difficulties or interruptions; potential cost overruns or unexpected expenses in development programs; potential legal actions; and Spectaire’s failure to obtain or maintain insurance covering all of Spectaire’s operations.
If one or more of these risks or uncertainties materialize or if any of the assumptions made by Spectaire’s management prove incorrect, actual results may differ in material respects from those projected in such forward-looking statements.
All subsequent written and oral forward-looking statements relating to matters addressed herein that are attributable to Spectaire or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, Spectaire undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
Website: Spectaire.com
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Source: Specter
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