Volvo Group, Qamcom Group and the inventor Roman lustin form a new start-up company, Fyrqom AB. The new company will offer an automated system for calibration of the tire pressure monitoring system on heavy-duty vehicles.
With a tire pressure monitoring system, the driver is informed if one of the tires loses the pressure. Today rather few heavy-duty vehicles are equipped with such a system. From 2024 though there is a legal demand in Europe that all trucks and trailers should have such a system. Today the tire pressure monitoring system must be calibrated man ually on every truck when they are built and when a tire is changed in a workshop. Roman lustin, a Volvo G roup engineer, had an idea on how to make this process more efficient with an automated calibration system.
Through CampX, the Volvo Group’s global innovation arena for technology and business transformation, Roman lustin got support to validate the solution and the business potential. The validation showed a high customer value. With the solution being slightly outside current Volvo Group’s business, the decision was to make a “spin out” and build a new venture. This was done with speed using the CampX concept with support from many areas within the Volvo Group, like Legal, IP strategy, Finance, Tax, H R 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 G roup Senior Vice President and CampX chairman.
The new startup company, Fyrqom AB, is a joint venture between Volvo Group, Oamcom Group and Roman lustin, who will 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 a head,” says Roman lustin.
“To us, this joint venture is a perfect match — we see a great potential to ma ke a positive impact on a larger scale through Fyrqom s innovative solution, Volvo Group’s resources and our technology experience” says Jonas Sand berg, Co-founder and Business Developer at Qamcom Group.