News

Velvac & Phillips team up on TrailerNet

Monday, April 24, 2017

Phillips Industries and Velvac, Inc. have announced a new collaboration between the two companies to offer TrailerNet™, a new patent-pending connected vehicle solution designed to support trailer-to-tractor video and data communications with connectivity that is both robust and high-performance.

Velvac’s Road iQ subsidiary worked with Phillips Industries to develop TrailerNet, which augments the traditional tractor-trailer 7-pin electrical connection with an additional ISO 15-pin cable connection. This 15-pin cable connection, when combined with Phillips’ trailer-mounted dual nosebox and additional tractor-mounted tail box, provides a simple, secure, real-time video and data connection between the tractor and the trailer. More importantly, it provides connectivity that is immune to the noise, interference, and latency concerns associated with other wireless or PLC data transmission approaches. TrailerNet provides the high-speed data highway between tractors and trailers needed to support future generations of intelligent devices mounted on trailers, including multiple trailer mounted video cameras, CAN communications, etc.

Velvac, Inc. to become portfolio company of the Eastern Company

Monday, April 17, 2017

Velvac, Inc., a leading designer and manufacturer of proprietary vision system technology for commercial and recreational vehicles, has been acquired by The Eastern Company (NASDAQ: EML). Velvac was sold by Chicago private equity firm Prospect Partners, which had acquired the company with Jeff Porter in August 2005.