PrePass Safety Alliance acquires truck technology firm

Clara D. Flaherty


PrePass Safety Alliance, supplier of PrePass weigh station bypass and other truck security and toll payment technologies, has acquired CVO Keeping Co., which specializes in combining technologies and infrastructure to empower connected car methods.  

PrePass Protection Alliance released its PrePass related automobile know-how with the support of CVO back again in 1993. Considering the fact that then, the PrePass weigh station bypass application has provided additional than a person billion safe and sound bypasses of open up weigh facilities, conserving the trucking industry a lot more than 405 million gallons of gasoline and $7.9 billion in working fees, the firm mentioned in a push release.

Moreover, PrePass reduced truck-connected pollution in the exact same timeframe by a lot more than 905,000 metric tons, the equal of using 161,000 automobiles off the street, the enterprise additional. Nowadays, much more than 105,000 motor carriers subscribe extra than 700,000 trucks to PrePass bypass and digital toll payment services.

See also: PrePass true-time protection alerts now obtainable nationwide

“This is the excellent match of two businesses that launched the idea of related car know-how to the trucking sector and have led the way ever because. CVO has supported PrePass from its inception, aiding increase the plan into America’s primary weigh station bypass service,” Mark Doughty, president and CEO of PrePass Safety Alliance, stated in a statement. “The Alliance sights this strategic acquisition as an thrilling opportunity to much better serve its condition and marketplace partners while fulfilling our nonprofit mission to make highways safer and far more economical as a result of ground breaking, knowledge-pushed alternatives.”

From the earliest use of RFID know-how to aid weigh station bypassing, to the most up-to-date developments in linked professional motor vehicle and electronic toll payment devices, CVO has been furnishing numerous technological innovation answers to the trucking sector. For virtually 30 many years, it operated as a division of America’s business giants: Lockheed, Xerox, Conduent, and a person of the world’s leading infrastructure investors. Now, CVO will run as a independent but wholly owned subsidiary of the Alliance.

“For virtually 30 several years, the CVO team has sent slicing-edge technologies and earth-course guidance to PrePass Basic safety Alliance and the PrePass program,” Skip Kinford, president and CEO of CVO, explained in a press release. “This acquisition creates an alignment of effort and hard work and focus amongst our companies that will travel the next technology of industrial motor motor vehicle safety innovation.”

PrePass Safety Alliance offers various bypass technology options, like the PrePass bypass app, which provides true-time driver protection alerts, and is effective as a standalone application or in conjunction with the PrePass RFID transponder. All PrePass companies incorporate access to PrePass Notify software package, which will help motor carriers examine bypass and toll activity to location developments, make improvements to safety scores, lessen the chance of toll fraud and present new info insights into their operations.


Source connection

Next Post

Cryptomining Capacity in U.S. Rivals Energy Use of Houston, Findings Show

[ad_1] Seven of the premier Bitcoin mining businesses in the United States are set up to use practically as a lot electric power as all the residences in Houston, according to knowledge disclosed Friday as element of an investigation by congressional Democrats who say miners should really be required to […]
Cryptomining Capacity in U.S. Rivals Energy Use of Houston, Findings Show