Business
Strategic partnership with Israel’s largest port
Strategic partnership with Israel’s largest port.
About this update from T42 Iot Tracking Solutions Plc
[{"type":"text","content":"\n\n4 May 2023\n \nt42 IoT Tracking Solutions plc\n(\"t42\" or the \"Company\")\nNew strategic partnership with Israel's largest port\nt42 IoT Tracking Solutions plc (AIM: TRAC) (\"t42\" or the \"Company\") is pleased to announce that it has been selected from hundreds of companies offering innovative initiatives to provide its technology and to work in partnership with Ashdod Port (the \"Port\"), Israel's busiest container gateways (the \"Partnership\").\n \nThe \"Innovation at Ashdod Port\" program aims to improve global supply chains. The Port's management reviewed hundreds of companies and selected t42 to work in partnership with, as well as agreeing to promote the Company's tracking solutions. The Partnership will promote the Company's solutions and services, with the aim of improving demand and value proposition.\n \nThe Port will actively promote t42 products among its worldwide partners within both maritime and shipping container markets, including global cargo and shipment companies, providing an opportunity to enhance their collaboration and synchronization processes by utilizing the tracking solutions offered by t42. This promotion and the Partnership thus creates a potential business opportunity for the Company.\n \nAs part of this initiative, the Port will execute a pilot program with the Company to enhance internal activities and processes for greater efficiency by installing t42 operated units at the Port's service zones and containers, to track and forecast supply movements accurately.\n \nAvi Hartmann, CEO of t42, commented: \"Our technology has been selected for the Ashdod Port innovation program, demonstrating confidence in the ability of our solutions to save time and money at one of Israel's largest ports. We expect the new strategic partnership to increase awareness of our supply chain solutions among major global cargo companies, and we look forward to signing new contracts following this partnership.\"\n \nContacts:\n \n\n\n\nt42 IoT Tracking Solutions PLC\nMichael Rosenberg, Chairman\nAvi Hartmann, CEO\n \n\n\n \n07785 727595\n+972 5477 35663\n\n\n\n\nStrand Hanson Limited (Nominated Adviser and Financial Adviser)\nJames Harris/ Richard Johnson/ Robert Collins\n \n\n\n020 7409 3494\n\n\n\n\nPeterhouse Capital Limited\nLucy Williams/Charles Goodfello...