Velociti Inc. has announced that it will be teaming with Meritor and PSI for a payment program to be offered with the Meritor Tire Inflation System by PSI (MTIS). The Instant ROI program will provide fleets with the ability to retrofit existing trailers with the MTIS, offering deferred billing and an extended payment plan, with no investment up front until the installation is done. This turnkey solution offers automatic tire inflation system (ATIS) hardware, retrofit installation and 24/7 remote monitoring/event reporting via telematics integration.
“Fleets recognize that automatic tire inflation systems provide proven, significant savings,” said Deryk Powell, president of Velociti. “In spite of this, most fleets only adopt ATIS on new trailers at the time of purchase. This approach results in fleets missing out on the benefits of ATIS for large portions of their fleet.”
Many fleets do not retrofit trailers with ATIS either because they don’t know that it is an option or that there is a company that will do it for them, or because of the upfront cost required, according to Velociti’s research. The approach Velociti takes by deferring billing during the installation portion of the project, plus extending payment terms on the entire package, allows for a fleet-wide ATIS program. Those proceeds pay for the program while continuing to provide ongoing savings across the fleet. Velociti also offers system health monitoring of the ATIS technology as part of its industry leading VelociCare program, which provides comprehensive support of fleet technology solutions.
Powell says that Velociti partnered with Meritor and PSI because of their significant market share and reputation.
“The Velociti deferred billing and payment plan makes a once unattainable MTIS retrofit solution now within reach for many transportation companies today,” said Krishna Natarajan, senior director of steering, suspension and drivetrain for Meritor Aftermarket.