REG - T42 IOT Tracking Sol - Latin America Port Authorities Order 500 t42 Units

t42 IoT Tracking SolutionsAnnouncement

15/06/2022 07:00

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RNS Number : 8876O  T42 IOT Tracking Solutions PLC  15 June 2022

 

 

 

15 June 2022

 

 

t42 IoT Tracking Solutions plc

("t42" or the "Company")

 

Latin America Port Authorities Order 500 t42 Tracking Solution Units

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
that it has received its first commercial order for t42's sensor fusion based
tracking solutions and cloud platform services in Latin America, delivered
under the framework agreement with a Latin American consortium announced on 17
December 2021.

 

In this initial order 500 units are being supplied and it is expected that
further devices will be ordered for use at additional ports across Latin
America, with potential  sales as indicated and more fully explainedin our
earlier announcement in December 2021. Port authorities deploying t42's
tracking solutions benefit from increased visibility and capability to track
and monitor goods in transit.

 

The customer is a Latin American consortium of five leading local companies
responsible for providing local port authorities with trade data for a major
regional port in Latin America. t42's tracking solutions and services will
help manage the growing trade through the port.

Avi Hartmann, CEO of t42, commented:

"We are delighted to receive our first commercial order in Latin America under
the Latin American framework agreement signed in December 2021. It's pleasing
to see the progress the Company has made in the last few months, especially
the conversion of contracts into long-term commercial business. Each converted
contract demonstrates to potential new customers what our business can offer.

 

"The underlying driver of demand for our tracking and monitoring solutions and
services is customers' need for greater security and real-time data about the
condition and movement of their containers. This is heightened by the current
disruption to global supply chains. Our customers operating at ports choose us
because of their need both for enhanced security and increased efficiency."

 

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/ James Dance/ 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)

020 7409 3494

Peterhouse Capital Limited (Joint Broker)

Lucy Williams/Charles Goodfellow/Eran Zucker

 

020 7469 0930

Yellow Jersey PR (Financial PR)

Tom Randell/Henry Wilkinson/Annabelle Wills

020 3004 9512

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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