Spectra Inc. is Canadian based holding company trading on the TSX Venture Exchange (TSXV: SSA) focused on manufacturing and supplying safety and productivity enhancement products to the transportation industry in North America. Current products include Brake Safe®, a visual brake stroke indicator, Brake Inspector®, a new, advanced electronic air brake diagnostic system, the Termin-8r® line of anti-corrosion and extreme pressure lubricants and Zafety Lug Lock®, a wheel lug nut security device.
Brake Safe® & Brake Inspector® Market Overview
Truck safety has become a major issue in the U.S. with politicians, bureaucrats and industry associations attempting to address safety concerns. The print media, trade publications and TV broadcasts such as Dateline NBC’s program focusing on unsafe trucks have collectively raised public awareness of unsafe vehicles on America’s roads. The government is working to increase the number of commercial vehicle inspectors and to boost State and Federal safety programs. The DOT is moving to increase fines for the safety violations and aiming to shut down unfit motor carriers.
Out-of-adjustment brakes reduce the optimum braking capability of a transport vehicle and can result in unbalanced braking, premature tire wear and tractor-trailer jack knife situations. The Brake Safe® system permits fast, reliable inspection of air brake adjustment by drivers, mechanics and inspectors to ensure safe braking capabilities. The Brake Inspector® system provides trucking and bus fleets with continuous, real time performance on the braking capabilities of trucks buses and tractor-trailers.
Spectra sells BrakeSafe® to distributors, dealers and original equipment manufacturers (OEM) who in turn deal directly with fleets and owner operators. In the U.S. market, management will support the activities of its U.S. distribution network through trade advertising and trade show participation. Spectra continues to lobby for the approval and use of the visual brake stroke indicator system at the Federal and State levels as well as appropriate governing agencies.
Andrew J. Malion: President and Chairman
Mr. Malion co-founded the company in 1995 after an 18-year career in Commercial Real Estate specializing in office leasing and investments in Toronto and internationally. He utilized his extensive connections to secure the current product offering of wheel-end safety products and the Termin-8R line of products.
Mr. Malion takes an active role in the transportation industry with membership and committee roles with several organizations including the Commercial Vehicle Safety Alliance (CVSA)—with whom he sits on the Operation Air Brake, Vehicle, and International Roadcheck committees—and the Intermodal Association of North America (IANA)—with whom he is a voting member on both the Maintenance & Repair and Safety committees.
Mr. Malion has also been a regular guest on a number of trucking radio shows discussing brake issues facing the North American transportation industry.
Glen Campbell: Chief Financial Officer
Mr. Campbell has, since 1970, been a Chartered Professional Accountant and has over 45 years' executive, financial and operational experience in corporate management. He was President of two public companies: The Pembroke Electric Light Co. Ltd. and Collingwood Terminals Limited. For over 15 years he gained experience in the heavy duty trucking industry when he served as President of Fifth Wheel Trucks Stops Limited, a privately owned company operating six truck stop facilities in Ontario, Canada.