IDTEQ provides a leading technology for secure and reliable alarm detection in remote and noisy environments. IDTEQ has developed a solution for fuel and cargo theft protection for road transport vehicles.
The IDTEQ alarm system provides a solution to a highly prioritised problem for the road transport companies. Fuel-theft is a significant problem and a continuous threat to European road transport companies, but it is a criminal activity that is often given low priority. A European market replication project of the IDTEQ solution can, in addition to providing commercial growth for IDTEQ, also provide a service platform tailored to address the needs of the road transport companies.
A well-functioning road transport sector is a success factor for the proliferation of an efficient single European market, and thus an enabler for the European economic recovery. Across Europe, the road transport companies face significant challenges of criminal activities, unfair competition due to uncoordinated national regulations and tax collection systems, and poor (social) security for its drivers.
Technologies which improve personnel safety, traffic security, and combat unfair competition are entering the market. However, high entry-barriers makes it is very challenging for new technology providers to scale a new solution on a European Level.
These barriers to entry make it difficult for new innovations to generate a wide market impact. These barriers also make it difficult for the road transport companies to efficiently solve their specific challenges through the use of new ICT.