Theft-detection technology gets Volvo backing
28th February 2008, Page 9
28th February 2008
Page 9

Page 9, 28th February 2008
— Theft-detection technology gets Volvo backing
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
VOLVO 11AS invested in a hightech truck-theft detection system awaiting a patent in Sweden.
It owns a stake in the firm behind the kit. When someone interferes with a trailer, sensors are triggered and can send signals to the cab, a central server or a security firm.
Volvo established its interest in the radio technology behind the invention by buying a stake in another Swedish company, Datachassi, which developed the system. Per Wessen, investment manager at Volvo Technology Transfer, says: "We foresee huge potential for this invention."
In the European Union alone, goods stolen from trucks each year are valued at £6.1bn. Volvo says the system can be retrofitted.