Business
t42 signs agreement with Olimp Bulgaria
t42 signs agreement with Olimp Bulgaria.
About this update from T42 Iot Tracking Solutions Plc
[{"type":"text","content":"\n \n \n \n \n \n 17 May 2022\n \n \n \n \n \n \n \n \n t42 IoT Tracking Solutions plc\n \n \n \n (\"t42\" or the \"Company\")\n \n \n \n \n \n Signs Agreement to Deliver\n IoT Shipping Container Tracking Solutions to Olimp Bulgaria\n \n \n \n \n \n t42 IoT Tracking Solutions plc (AIM: TRAC) (\"t42\" or the \"Company\"), the real-time tracking, security and monitoring solutions provider for the global container and freight market, is pleased to announce a commercial order for its tracking solutions and services from Olimp Bulgaria Ltd. (\"Olimp\"), a world leader and exporter of security seals.\n \n \n \n \n \n Following the completion of an extensive pilot programme that ran for over a year and a half and included working with Bulgaria's national customs authority, t42 has delivered the first order for c.250 Lokies Smart Tracking Lock units to be used by Bulgaria's customs authorities.\n \n \n \n \n \n The pilot programme followed a competitive tender and included a comparison of multiple competitor units each of which was activated and integrated with Bulgarian customs systems and operating procedures.\n \n \n \n \n \n \n Avi Hartmann, CEO of t42, commented:\n \n \n \"This order shows how t42 is expanding in new geographies, sectors and markets. It demonstrates that our products compare favourably when tested against competitors. It has also shown our ability to work effectively with customs authorities and deliver benefits to our customers very quickly after adoption. We are proud to be able to give both our customers and customs authorities increased confidence they are in full compliance with regulatory obligations.\n \n \n \n \n \n \n \n \n \n \"We are hopeful this order will be followed by more in a long-term, mutually beneficial relationship with Olimp Bulgaria and we look forward to updating the market on this in due course.\"\n \n \n \n \n \n \n \n \n \n Contacts:\n \n \n \n \n \n \n \n \n \n \n \n t42 IoT Tracking Solutions PLC\n \n \n \n Michael Rosenberg, Chairman\n \n \n Avi Hartmann, CEO\n \n \n \n \n \n \n \n \n \n \n 07785 727595\n \n \n +972 5477 35663\n \n \n \n \n \n \n \n Strand Hanson Limited \n \n (\n Nominated and Financial Adviser)\n \n \n James Harris / James Dance / Robert Collins\n \n \n \n \n \n \n \n +44 (0) 20 74...