REG - T42 IOT Tracking Sol - Overhaul Contract

t42 IoT Tracking SolutionsAnnouncement

22/11/2022 07:00

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RNS Number : 1181H  T42 IOT Tracking Solutions PLC  22 November 2022

22 November 2022

 

t42 IoT Tracking Solutions plc

("t42" or the "Company")

 

T42 signs contract with Overhaul

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 signed an agreement with Overhaul Group Inc.
("Overhaul") for the sale  of t42's Tetis tracking and monitoring units to
Overhaul and integration into its supply chain solutions.

The agreement is for an initial two-year term and comprises a framework
contract for Overhaul to order Tetis units and for t42 to provide software
services.

Overhaul is a US-based company that provides 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 company is able to provide its
customers with a much higher level of visibility and control over their cargo
performance.

Avi Hartmann, CEO of t42, commented: "We are delighted to see that our
products are becoming increasingly recognized, in this case, the Tetis, which
provides a complete tracking and monitoring solution for container
transportation. We believe the increasing need for supply chain visibility in
general, and in-land visibility in particular, will support our growth in the
near future. We see this agreement with Overhaul as an important step in that
direction."

 

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)

 

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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