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Connected tires market forecast at $54 million by 2028

Connected Tires Market size is projected to grow from USD 4 million in 2023 to USD 54 million by 2028, at a CAGR of 67.1%, according to a new report by MarketsandMarkets™. Growing demand for road safety, increased vehicle features are driving the demand for connected tires. With features like tire pressure monitoring, tread wear analysis, and temperature sensing, connected tires offer enhanced safety on the road. Drivers and fleet managers can receive timely alerts and notifications about tire issues, enabling them to take immediate action and prevent accidents. Additionally, connected tires can contribute to vehicle security by providing valuable data for tracking and recovering stolen vehicles.

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Falken technical support guide now available in multiple languages

The “Technical Support Guide for TBR and Bus Tyres” which Falken Tyre Europe GmbH published in English for its customers throughout Europe last summer is now available in several additional language versions. From now on, the popular guide for registered customers is available to download at both the B2B web shop and the media center in the languages of English, German, Spanish, Polish, Italian and Greek. Additional languages are already in preparation.

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Yokohama Rubber eliminates counterfeit aluminum wheels in China

Yokohama Rubber filed an administrative complaint and submitted information to the Administration for Market Regulation in Foshan, Guangdong Province, regarding five companies engaged in the distribution of counterfeit sports car aluminum wheels imitating YOKOHAMA’s “ADVAN Racing” wheels. The distributors were selling the counterfeit wheels via internet shopping sites and retail shops outside of the Company’s official distribution channels. Acting on the complaint and information provided by the Company, the Foshan authorities simultaneously raided the five companies and seized the counterfeit aluminum wheels on January 11, 2023. Yokohama Rubber has confirmed that all five distributors have been fined and the counterfeit aluminum wheels have been destroyed.

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Brian Swanton Named Director, Process Engineering for NovationSi

Novation Solutions, LLC (NovationSi), the manufacturing subsidiary for R.D. Abbott Co., Inc. (RDAbbott), has named Brian Swanton as Director of Process Engineering. Swanton holds a B.S. in Chemical Engineering from Michigan Technology University and has over 28 years of silicone experience, including extensive service with Dow and Dupont. Swanton holds multiple patents and has developed or scaled up at least forty products, which now represent a minimum of $100M in annual sales.

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