WATERTOWN, Mass., Jan. 25,
2024 /PRNewswire/ -- Spectaire Holdings Inc. (NASDAQ:
SPEC), an innovator in air quality monitoring and emissions
reduction technology, today announced an extension of its'
strategic distribution agreement with MLab, a partner of Namoa
Digital, to bring the cutting-edge AireCore emissions measurement
system to the South American trucking market.
Spectaire announces an agreement to bring
AireCore emissions measurement system to the South American
trucking market.
"The continued global distribution expansion through strategic
local partnerships is critical to the accelerated growth of
Spectaire," said Brian Semkiw, CEO
of Spectiare. He added, "Companies in South America and specifically Brazil rely on trucking as a critical service
and their emissions reporting is currently a competitive
disadvantage relative to operations in North America and Europe. Spectaire
changes that and turns emissions into revenue for our
customers."
Brazil has a national emissions
crisis for the trucking industry with the enforcement of Proconve 8
which started in 2023. These standards, which are built on the Euro
VI specifications, present unique challenges to countries such as
Brazil. Due to the geography the
average route for a commercial truck is 2,000+ km, only 12% of the
roads are paved, and there are limited choices for intermodal
transportation such as trains and waterways. The conditions create
an almost impossible situation for Brazilian companies to compete
in the ever-increasing challenge of reducing their emissions
disclosures.
Based on reports from S&P Global Mobility, the distributed
infrastructure of Brazil adoption
of Natural Gas and Electric Trucks will continue to lag other
countries. Currently of the 2.2 million heavy diesel trucks only
850 are electric or natural gas powered. By 2030 this number is
projected to only grow to 1450 which hardly puts a dent into the
2.2 million on road inventory.
AireCore which allows companies to measure emissions reductions
of up to 70% allows companies who have well serviced trucks to
accurately represent their emissions and thus can leverage these
extraordinary distances traveled and turn their emissions into a
profit where today it is a competitive disadvantage.
Namoa Digital is an implementer of cutting-edge technologies to
solve mission critical business problems. Located in São
Paulo Brazil, and a partner of MLab, Namoa will have rights to
distribute AirCore to the vast South American logistics
market.
Stephan Gruner, CEO of Namoa Digital said, "AireCore is
just the right product at just the right time for the South
American Logistics Market. Emissions management is critical to the
fleets who we would be targeting with this technology. Measurement
of road emissions gives an advantage to companies who invest in
their fleet, and we look forward to delivering this solution to
them."
Additional Information: For more details on the Spectaire
and MLab partnership and the AireCore emissions measurement
technology, please visit www.spectaire.com.
About Spectaire
Spectaire (Nasdaq: SPEC) is at the forefront of air quality
monitoring and emissions reduction technology. Spectaire provides
innovative solutions that foster environmental sustainability and
corporate responsibility.
Forward-Looking Statements
This release contains certain forward-looking statements within
the meaning of the federal securities laws. These forward-looking
statements generally are identified by the words "believe,"
"project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"would," "will continue," "will likely result" and similar
expressions.
The forward-looking statements are based on the current
expectations of the management of Spectaire and are inherently
subject to uncertainties and changes in circumstances and their
potential effects and speak only as of the date of such statement.
There can be no assurance that future developments will be those
that have been anticipated. Forward-looking statements reflect
material expectations and assumptions, including, without
limitation, expectations, and assumptions. Such expectations and
assumptions are inherently subject to uncertainties and
contingencies regarding future events and, as such, are subject to
change. Forward-looking statements involve a number of risks,
uncertainties or other factors that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements. These risks and
uncertainties include, but are not limited to, those discussed and
identified in public filings made by Spectaire with the U.S.
Securities and Exchange Commission (the "SEC") and the following:
Spectaire's ability to operate as a going concern; Spectaire's
requirement of significant additional capital; Spectaire's limited
operating history; Spectaire's history of losses; Spectaire's
ability to attract qualified management; Spectaire's ability to
adapt to rapid and significant technological change and respond to
introductions of new products in order to remain competitive; the
loss of, or nonperformance by, one or more significant customers;
disruptions of Spectaire's manufacturing operation; changes in
governmental regulations reducing demand for Spectaire's products
or increasing Spectaire's expenses; the effects of global health
crises on Spectaire's business plans, financial condition and
liquidity; changes or disruptions in the securities markets;
legislative, political or economic developments; Spectaire's
failure to obtain any necessary permits or comply with laws and
regulations and other regulatory requirements; accidents, equipment
breakdowns, labor disputes or other unanticipated difficulties or
interruptions; potential cost overruns or unanticipated expenses in
development programs; potential legal proceedings; and Spectaire's
failure to obtain or maintain insurance covering all of Spectaire's
operations.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of
Spectaire prove incorrect, actual results may vary in material
respects from those projected in these forward-looking
statements.
All subsequent written and oral forward-looking statements
concerning matters addressed herein and attributable to Spectaire
or any person acting on its behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to
herein. Except to the extent required by applicable law or
regulation, Spectaire undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date hereof to reflect the occurrence of unanticipated
events.
Website: Spectaire.com
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SOURCE Spectaire