Questar News
8 articles
growth-positive
Questar's AI-based Vehicle Health Management Platform Reveals Malfunctions in Bus Fleet, Reducing Safety Risks, Saving Repair Costs, and Improving Uptime
Questar Auto Technologies announced that its Vehicle Health Management Platform successfully provided early warning of major malfunctions in 10% of a bus fleet operated by Kavim Public Transportation. By identifying vehicle malfunctions before they turn into expensive or unsafe issues, Questar helps fleet owners save money and ensures passenger safety. The technology enables a reduction in costs on spare parts, fuel consumption, accidents, and unnecessary downtime. Questars AI-driven solution converts vehicle data into actionable insights, allowing OEMs and Tier 1 suppliers to lower design costs and commercial fleets to increase uptime and reduce total cost of ownership. The company is headquartered in Tel Aviv.
Customers
growth-positive
Questar Demonstrates a Predictive Maintenance Solution integrated with Microsoft Azure IoT and Microsoft Dynamics 365 Field Service at TMC in Collaboration with DSA
Questar Auto Technologies will demonstrate its advanced predictive maintenance capabilities in collaboration with Microsoft and DSA at the TMC Annual Meeting. The collaboration aims to provide vehicle health management services to OEMs and fleets using Questars vInsight AI Platform and Microsoft Dynamics 365 Field Service application. The solution maximizes vehicle uptime and reduces total cost of ownership for commercial fleets. Most telematics solutions only provide reactive diagnostics, but Questars proactive maintenance alerts enable more proactive and cost-effective field service. The demo will be showcased at the TMC Annual Meeting in Orlando.
PartnersCustomers
growth-positive
Introducing Questar: The AI-Driven Automotive Solution that Converts Vehicle Data into Actionable Insights
Questar Auto Technologies, an AI solutions provider, has been formed following the acquisition of automotive AI company SafeRide Technologies by Traffilog. Questar will collaborate with automakers and Tier 1 suppliers to integrate its AI-based software products into next-generation vehicles, aiming to create a paradigm shift in vehicle and fleet analytics. The companys solutions enable commercial fleet owners to increase uptime, reduce costs, improve safety, and streamline operations. Questars technology is deployed in over 350K vehicles across more than 20 countries. The company will be appearing under its new name at CES 2022. Questar was formed in 2021 and is headquartered in Tel Aviv.
Acquisition
growth-positive
Traffilog, SafeRide negotiating $1 billion SPAC merger
Israeli autotech companies Traffilog and SafeRide are in advanced negotiations to go public in the U.S. through a merger with a SPAC. The merged company is valued at $1 billion and will focus on gathering data from vehicles to identify malfunctions and required maintenance. Traffilog provides telematics and predictive maintenance services for commercial fleets, while SafeRide specializes in AI-based vehicle health management and cybersecurity solutions. The technology developed by SafeRide allows for real-time identification of malfunctions, leading to early intervention and cost savings. The negotiations are being led by Traffilog CEO Erez Lorber and SafeRide CEO Yossi Vardi, along with Ariel Halperin from TENE Investment Funds.
Public Trading
growth-positive
Traffilog, SafeRide join forces in Israeli autotech merger
Israeli autotech companies Traffilog and SafeRide have agreed to merge, creating a new company valued at hundreds of millions of dollars. The merged company will focus on gathering data from vehicles to identify malfunctions and required maintenance based on wear and tear. Traffilog provides telematics and predictive maintenance services for commercial fleets, while SafeRide specializes in AI-based vehicle health management and cybersecurity solutions. The merger aims to harness SafeRides AI technology and manage Traffilogs client base. The merged company plans to go public in the future to capitalize on the demand for data companies in the stock market.
PartnersExpandPublic Trading
growth-positive
Continental pilots real-time tread depth monitoring Tire Technology International
Continental has successfully demonstrated real-time tire tread depth monitoring in a pilot using vehicles from carsharing provider Share Now Denmark. The company merged feeds from tire sensors and telemetry data from Share Nows fleet of cars with a proprietary algorithm in the cloud, allowing it to predict tire tread depth in real time with an accuracy of 1mm. This technology is expected to enable need-based servicing of tires instead of regular, scheduled servicing. Fleet providers like Share Now can benefit from accurate tire condition information for improved efficiency. Continental is also delivering real-time remote tire pressure and temperature monitoring for the Share Now fleet. The pilot project sets an industry benchmark in smart digital tire solutions.
PartnersCustomers
growth-positive
Tene Investments Funds' 46% Acquisition Of Traffilog Ltd
Tene Investments Funds has acquired 46% of the share capital of Traffilog Ltd.
Acquisition
growth-positive
Traffilog signs $40m Chinese deal
Traffilog Ltd. has signed a $40 million deal with Jiao Yun, Chinas biggest bus company. The deal involves the implementation of Traffilogs Traffimech solution, which detects mechanical problems in vehicles and reduces maintenance costs. A pilot of 150 vehicles achieved significant savings, and the solution is expected to save the whole fleet $13 million annually. Traffilog also installed its TraffiSafe solution, which improves driving safety. Additionally, Traffilog won two tenders in Ireland worth �2.5 million. The article was published on May 21, 2013.
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