Spectaire Holdings Inc. (SPEC) witnessed a surge of 13% in its share price on Thursday, following the announcement of a strategic distribution agreement with MLab and their service and distribution partner Mosolf.
SPEC is trading on the Nasdaq at $2.75, up 13.21% or $0.32 per share. It has traded between $1.29 and $15.40 in the past 52-week period.
The agreement aims to bring the AireCore emissions measurement system to the European trucking market, which comprises a fleet of approximately 6.5 million trucks.
This partnership is a significant step in Spectaire's expansion, as it will leverage MLabs' extensive network and Mosolf's expertise in trucking, sales, service, and distribution to introduce AireCore systems across Europe.
The AireCore system is considered cutting-edge technology that will revolutionize emissions monitoring in a market where trucks account for almost 80% of land freight transport in the EU.
The system is designed to provide comprehensive and accurate emissions data, enabling companies to make informed decisions regarding their fleet's performance and efficiency.
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