REG - T42 IOT Tracking Sol - Order of 1,000 Tetis units in the USA

t42 IoT Tracking SolutionsAnnouncement

25/01/2023 07:00

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RNS Number : 7431N  T42 IOT Tracking Solutions PLC  25 January 2023

 

25 January 2023

 

t42 IoT Tracking Solutions plc

("t42" or the "Company")

 

T42 receives order of 1,000 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 its first order of 1,000 Tetis units with a
client based in the USA.  t42 will also provide its tracking and monitoring
software services and connectivity solutions as part of this order. The
agreement provides for monthly payments over a 36 month period to cover both
device and data costs.

 

The client is a US-based company, one of the leading global companies that
provide  a unified view of in-transit logistics to detect and correct
non-compliance within supply chains. Using the Tetis units as part of its
solutions, the client is able to provide its customers with a much higher
level of visibility and control over their cargo performance. The client's
adoption of the Tetis highlights the need for the Company's technology in this
growing segment. The client indicated that additional orders of Tetis units
would likely be placed in the near future.

 

Avi Hartmann, CEO of t42, commented: "The promising start to 2023 continues
through this order and demonstrates trust in our products and services. As
part of the partnership, we look forward to working with this  client in
order to provide better visibility and control for supply chains globally and
hope to receive further orders under the agreement in the coming months."

 

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 (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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