RCS - T42 IOT Tracking Sol - Strategic partnership with Israel’s largest port

t42 IoT Tracking SolutionsAnnouncement

04/05/2023 15:45

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RNS Number : 4769Y  T42 IOT Tracking Solutions PLC  04 May 2023

4 May 2023

 

t42 IoT Tracking Solutions plc

("t42" or the "Company")

New strategic partnership with Israel's largest port

t42 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").

 

The "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.

 

The 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.

 

As 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.

 

Avi 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."

 

Contacts:

 

 t42 IoT Tracking Solutions PLC

 Michael Rosenberg, Chairman                                      07785 727595

 Avi Hartmann, CEO                                                +972 5477 35663

 Strand Hanson Limited (Nominated Adviser and Financial Adviser)  020 7409 3494

 James Harris/ Richard Johnson/ Robert Collins

 Peterhouse Capital Limited                                       020 7469 0930

 Lucy Williams/Charles Goodfellow/Eran Zucker

 Yellow Jersey PR (Financial PR)                                  020 3004 9512

 Tom Randell/Henry Wilkinson/Annabelle Wills                      t42@yellowjerseypr.com

 

 

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/
(http://www.t42.co.uk/) .

 

 

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