Specifically, the investment has been made against the growth prospects in the refrigerated container business and the opportunities of both companies to leverage their respective skills and expertise in the innovative software and sensor development fields, respectively. This has already resulted in the IBOX Reefer.

The IBOX Reefer solution, which is powered by artificial intelligence (AI) and big data, integrates data collected from IoT devices in containers with shipment data to generate granular end-toend visibility for reefer shipments.

IBOX Reefer can intelligently analyse container use and maintenance history, and identify issues that could negatively impact the reefer shipping process.

The solution uses BoxPlus’s sophisticated monitoring devices, which are compliant with the Container Owners Association UDM standard. These devices provide frequent updates, stable performance and have a long battery life, ensuring end-to-end global monitoring.

“Our IBOX devices are developed with cutting-edge technology and combine with IQAX’s software innovations into a plug and play solution for containerised shipments. With this solution, BoxPlus will provide the market with a state-of-the-art product that can create significant value for end-users in an efficient way in the rapidly growing smart container  sector,” said Afra Guo, general managing director at BoxPlus.

According to the two companies, IBOX Reefer can offer customers significant advantages in the following areas:

● Capturing pre-trip inspection (PTI) data and using AI and big data to save time, reduce errors, and cut costs by avoiding unnecessary inspections
● Sharing reefer operational data and insights, predictive ETAs and real-time location data to provide true end-to-end visibility that can improve carrier customer experiences

● Enhancing the security of high value cargo with door open and smart alerts to avoid false alarms and allocate maintenance resources more effectively.

“The reefer market is growing rapidly and carriers have a pressing need for innovative and powerful technology solutions that can ensure their customers’ precious refrigerated cargo is protected throughout the shipping journey,” said IQAX CEO Romney Wong.

He added: “IBOX Reefer allows carriers to lower risks, cut costs, generate value and access tangible benefits from state-of-the-art software and IoT technology.

“We are very pleased to have invested in and worked together with BoxPlus to bring this solution to the market and work with more carriers to ensure sensitive reefer cargo is protected,” said Wong.

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This complete item is approximately 410 words in length, and appeared in the November 2023 issue of WorldCargo News, on page 14. To access this issue download the PDF here