13 March 2023
t42 IoT Tracking Solutions plc
("t42" or the "Company")
T42 receives an additional order of 2,500 Tetis units in the USA
t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the provider of global shipping containers tracking solutions, is pleased to announce that it has received an additional order of 2,500 Tetis units, from an American-based client, on top of the order of 1,000 units that was announced on 25 January 2023. As with the previous order, this agreement provides for monthly payments over 36 months to cover both device and data costs.
The client is a US-based leading global company that provides a unified view of in-transit logistics to detect and correct non-compliance within supply chains. Using t42's technology as part of its solutions, the client can provide its customers with increased visibility and control to improve cargo performance.
Avi Hartmann, CEO of t42, commented : "2023 continues to show trust in our products and services. In placing a second order only two months after the first, the client has expressed its confidence in our technology. We look forward to continuing delivering our solutions in the growing cargo segment."
Contacts:
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t42 IoT Tracking Solutions PLC Michael Rosenberg, Chairman Avi Hartmann, CEO |
07785 727595 +972 5477 35663 |
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Strand Hanson Limited (Nominated Adviser and Financial Adviser) James Harris/ Richard Johnson/ Robert Collins |
020 7409 3494 |
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Peterhouse Capital Limited Lucy Williams/Charles Goodfellow/Eran Zucker |
020 7469 0930 |
Notes to Editors
t42 IoT Tracking Solutions plc (AIM: TRAC), formerly Starcom Systems plc, provides real-time tracking, analysis, monitoring, and security IoT solutions for the global container and freight market and covers 55 countries, over 100 distributors, and 50 logistics and support partners.
t42's multi-sensor IoT tracking devices use a wide range of detection capabilities with cloud-based analytics and alerts, with real-time data transmission, analysis, and actionable insights. Its devices are used by ports, cargo owners, shipping companies, freight forwarders, insurance companies, customs authorities, homeland security, and police for end-to-end global container tracking and digital transformation of shipments.
For more information on the Company, please visit: www.t42.co.uk/.