REG - T42 IOT Tracking Sol - Further order of 2,500 Tetis units in the USA

t42 IoT Tracking SolutionsAnnouncement

13/03/2023 12:30

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RNS Number : 7800S  T42 IOT Tracking Solutions PLC  13 March 2023

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:

 

 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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