REG - T42 IOT Tracking Sol - t42 Secures Commercial Order with DHL

t42 IoT Tracking SolutionsAnnouncement

24/01/2022 14:00

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RNS Number : 4154Z  T42 IOT Tracking Solutions PLC  24 January 2022

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

 

24 January 2022

 

t42 IoT Tracking Solutions plc

("t42" or the "Company")

 

t42 Secures Commercial Order with DHL

for its IoT Shipping Container Tracking Solutions

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the
real-time tracking, security and monitoring solutions provider for the global
container and freight market, is pleased to announce a commercial order for
its tracking solutions and services from DHL, the global leader in logistics.

 

Following a successful pilot programme that ran over multiple global
destinations, DHL has confirmed an initial commercial order for t42 Tracking
Lock units (previously known as Lokies) for use in Singapore. The Company
expects the initial order for 32 units to be followed by further orders by
DHL.

 

The pilot programme was a competitive process, with the competing solutions of
several other companies tested simultaneously. DHL chose t42 as its preferred
provider, stating that its technology had a significant advantage over t42's
competitors in terms of its capabilities, big data analysis and reports
received from the system and service levels. Furthermore, t42 has received a
formal certificate of excellence from DHL in recognition of the quality of its
solution.

Avi Hartmann, CEO of t42, commented:

 

"This is our first commercial order with global logistics leader DHL.
Following a competitive and successful pilot programme, this order represents
a vote of confidence and validation of our tracking solution and our strategy
shift to the global shipping container market.

 

"The order reflects the progress being made with key customers globally, in
line with our growth strategy for 2022, and we look forward to updating the
market about further orders in due course."

 

Contacts:

 

 t42 IoT Tracking Solutions PLC

 Michael Rosenberg, Chairman                                       07785 727595

 Avi Hartmann, CEO                                                 +972 5477 35663

 Allenby Capital Limited (AIM Nominated Adviser and Joint Broker)  020 3328 5656

 Jeremy Porter/Piers Shimwell

 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

 

 

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 and 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/) .

 

Information required pursuant to rule 26 of the AIM Rules for Companies can be
found at www.starcomsystems.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.starcomsystems.com%2F&data=04%7C01%7C%7C3addcb65a0c94052a6fb08d9cf90c035%7Cfc69750aedcc43bebd5b2cbe6f8d8c37%7C0%7C0%7C637769042874699189%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=F3frAfO0Y2OTgmn9tmomlJpMV5LLmwRpwup7Xb8p1sk%3D&reserved=0)
.

 

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