RCS - T42 IOT Tracking Sol - t42 launches new and improved Lokies 2.0

t42 IoT Tracking SolutionsAnnouncement

09/08/2022 07:00

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RNS Number : 2833V  T42 IOT Tracking Solutions PLC  09 August 2022

Reach - non-regulatory announcement*

 

09 August 2022

 

t42 IoT Tracking Solutions plc

 

("t42" or the "Company")

 

t42 launches new and improved Lokies 2.0

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), which
provides real-time tracking, security, and monitoring solutions for the global
supply chain, logistics, container and freight market, is pleased to announce
the launch of the Lokies 2.0, a significantly enhanced version of its
best-selling smart tracking product.

 

Lokies is a unique, keyless smart padlock with innovative IoT capabilities. It
is designed for markets where there is a need to protect inventory, commercial
goods, supplies, cargo or venues. Lokies can be unlocked remotely by
authorized users without needing a key. Its built-in, advanced Bluetooth Low
Energy (BLE) connectivity enables the identification and management of
multiple users using different access authorisations. The Access Control
feature keeps a complete log of when it is opened, for how long and by whom.

 

Several significant improvements have been made to the new Lokies product: a
new cellular module for improved remote wireless coverage, a new universal
charging port, an enhanced central processing unit (CPU) for better
performance, and new BLE 5.2 for improved energy consumption. These
improvements meet the market's needs and are based on our customers' feedback
on their requirements.

 

With the new cellular module, Lokies 2.0 will support LTE and 3G networks,
ensuring global coverage and allowing the Company to operate the same unit
anywhere in the world for years to come. Its new USB-C charging port makes the
Lokies 2.0 more functional and user-friendly, specifically with the upgraded
BLE 5.2 wireless connectivity allowing customers to spend even less time and
effort on charging the units. Lastly, the upgraded CPU will allow the units to
store more events, provide better security encryption, and improve overall
performance.

 

Having recently signed several new contracts and distribution agreements,
including supplying Lokies to ports in Latin America, DHL, the global leader
in logistics, and Olimp Bulgaria Ltd, a world leader and exporter of security
seals, t42 is pleased to be releasing the improved Lokies 2.0 product to
market in September this year.

Avi Hartmann, CEO of t42, commented: "We are thrilled to announce that, from
September this year, our new Lokies will be available for sale. We have
recently seen our Lokies gain traction on the market, such as in LATAM where
we have signed an agreement with a second distributor to provide our solutions
to local port authorities over four years. We are confident that the new
Lokies will prove even more popular.

 

"We are continually conversing with existing and prospective customers to
understand their needs and wants. Our technical team always develops our
products with the customer in mind to ensure maximum effectiveness and
efficiency. These improvements will ensure users can operate the product to
the best of its abilities anywhere in the world. At this vital time, when we
are seeing such disruption to global supply chains, it is more important than
ever that customers can rely on us for unfailing and actionable data."

 

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 (Joint Broker)                        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 (mailto: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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