Report
Teaser, summary, work performed and final results
Periodic Reporting for period 1 - TSS (The definitive solution to prevent fuel theft in road goods transport)
Teaser
Fuel theft is a first-level fear for the road goods transport in Europe and the most critical fear in in-developing countries. The consequences are dramatic: it produces a threat to drivers, and it implies damages to trucks that can even be out of service during some days. TSS...
Summary
Fuel theft is a first-level fear for the road goods transport in Europe and the most critical fear in in-developing countries. The consequences are dramatic: it produces a threat to drivers, and it implies damages to trucks that can even be out of service during some days.
TSS (Truck Safe Services) is a fuel theft prevention system for large vehicles that detects robberies before any fuel is stolen.
The objectives of the present project to make TSS a global leader connectivity world are:
• Define the product requirements
• Define a working plan
• Select adequate technologies
• Define a commercial program and identify regulatory requirements
• Build a business plan
Work performed
We have carried out numerous analysis to ensure TSS feasibility in which all staff of the company has collaborated. The contribution of people with very different profile has allowed us to build a technical workplan and to elaborate a realistic commercial plan. We have also identified costs and revenues for the following five years.
The main results of this study are:
Technological Conclusions
• TSS will be able to offer an end-to-end service and integrate with legacy Fleet Management Services.
• TSS will be prepared to scale-up.
• We can ensure security in communications but we need to look for technological partners specialized in App development.
Commercial conclusions
• We have widened our target markets including the tractors and the liquid deposits in farms markets.
• We have decided to face mainly the market with a B2B model.
• We have designed a promotion plan that will follow a multichannel strategy
Financial conclusions
• TSS is viable under the assumptions we believe acceptable and will generate substantial value for shareholders.
• TSS will help Handfleet to scale and it will have a significant contribution to the creation of jobs in our company.
Final results
TSS offers the following uniquenesses concerning competence.
• TSS can detect fuel theft attempts during all the truck working cycle
• TSS can be used to avoid internal fraud
• TSS can identify theft attempts before any damages of the truck happen.
TSS will have a material economic impact because diesel theft in trucks can reach in the world the amount of 2 billion euros and the total implications (fuel + damages + other costs) could exceed €20 B per year. It will also give increase the safety of the trucks and the drivers.
Website & more info
More info: http://handfleet.com/.