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Volvo Group, Qamcom Group and the inventor Roman Iustin formed a new startup company called Fyrqom AB in a new joint venture. Iustin will be the CEO of Fyrqom AB. The company will offer an automated system for calibration of the tire pressure monitoring system on heavy-duty vehicles.
Iustin, a Volvo Group engineer, had an idea on how to make the tire pressure monitoring system on heavy-duty vehicles process more efficient with an automated calibration system. Through CampX, the Volvo Group’s global innovation arena for technology and business transformation, Iustin got support to validate the solution and the business potential.
“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,” Johan Lundén, SVP of Volvo Group and chairman at CampX chairman, said.
“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 ahead,” Iustin said.
“To us, this joint venture is a perfect match – we see a great potential to make a positive impact on a larger scale through Fyrqom’s innovative solution, Volvo Group’s resources and our technology experience,” Jonas Sandberg, co-founder and business developer at Qamcom Group, said.
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