RCS - T42 IOT Tracking Sol - t42 Solution Collaboration

t42 IoT Tracking SolutionsAnnouncement

17/07/2023 07:00

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RNS Number : 1488G  T42 IOT Tracking Solutions PLC  17 July 2023

Reach

 

17July 2023

 

t42 IoT Tracking Solutions plc

("t42" or the "Company")

 

t42 solution collaboration with leading refrigerated container manufacturer
 

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the
provider of global shipping containers tracking solutions, is pleased to
announce an expansion of the Company's solutions into the refrigerated air
cargo supply chain, to be supported by the development of an innovative
product for this new sector, following a partnership with a leading global
firm providing sustainable solutions across the cold chain. This collaboration
aims to provide solutions to shippers in preserving, safeguarding, and
prolonging the availability of vital resources such as food, medicine, and
perishable items in the air cargo supply chain.

 

The new product, which is anticipated to become one of the cornerstone
solutions offered by the new partner, is under development based on close
collaborations of both companies' R&D teams. Through the application of
state-of-the-art IoT technologies and advanced data analytics, this new
product will seek to ensure real-time monitoring, enhanced security, and
optimized handling of perishable goods. Data gathered by the new product will
enable our partner to gain better analytics of its activities and improve its
future products. This innovative solution is expected to enable our clientele
to  uphold the upmost integrity of their cargo and the Board believes the
offering will represent a paradigm shift in the air cargo industry, empowering
shippers with unprecedented control, efficiency, and profitability.

 

Avi Hartmann, CEO of t42, commented: "The partnership between t42 and our
partner demonstrates a powerful synergy, combining our expertise in IoT
development with their globally renowned sustainable solutions. Together, we
are reshaping the future of the air cargo industry, revolutionizing the way
goods are handled and transported across the globe. We are also confident that
it will lead to increased revenue opportunities in the years to come following
the launch."

 

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

 

 

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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