North American commercial truck and trailer component supplier, ConMet, has announced the acquisition of TruckLabs, a technology company focused on reducing carbon emissions and improving operational efficiencies for fleets.
TruckLabs is the maker of TruckWings, a truck-mounted aerodynamic device that automatically deploys at highway speeds to close the gap between the back of the cab and front of the trailer. TruckWings reduces drag, improves stability, and increases fuel efficiency by 3-6 per cent – saving more than 4,000 litres of fuel and almost 7,000 kilograms of carbon dioxide emissions for each diesel truck per year.
“TruckLabs’ innovative TruckWings product is an ideal addition to ConMet’s portfolio,” said ConMet President, John Waters. “Their technology aligns well with our goal of providing OEMs and fleets with forward-thinking, profitable solutions to improve fuel efficiency and reduce carbon emissions.”
Following the 250 per cent year-over-year growth of TruckWings, this strategic investment by ConMet will enable continued growth and impact for TruckWings in reducing emissions in the commercial vehicle industry.
“ConMet is the perfect partner to introduce our product to a wider customer base, and adds much needed scale to our manufacturing capabilities,” said Daniel Burrows, founder and CEO of TruckLabs. “Together, my team and I are excited to join with ConMet to supercharge our impact on our customers’ fuel costs and climate goals.”
Through TruckWings’ telematics technology, every mile is tracked to provide real-time reporting. Every TruckWings-equipped commercial vehicle is equivalent to removing two cars from the road. As the industry explores alternative fuels like electric and hydrogen, improved aerodynamics will play an ever more important role in addressing range extension and weight reduction, ConMet said.