REG - T42 IOT Tracking Sol - t42 signs agreement with Olimp Bulgaria

t42 IoT Tracking SolutionsAnnouncement

17/05/2022 07:00

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RNS Number : 6806L  T42 IOT Tracking Solutions PLC  17 May 2022

 

17 May 2022

 

t42 IoT Tracking Solutions plc

("t42" or the "Company")

 

Signs Agreement to Deliver IoT Shipping Container Tracking Solutions to Olimp
Bulgaria

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 Olimp Bulgaria Ltd. ("Olimp"), a
world leader and exporter of security seals.

 

Following the completion of an extensive pilot programme that ran for over a
year and a half and included working with Bulgaria's national customs
authority, t42 has delivered the first order for c.250 Lokies Smart Tracking
Lock units to be used by Bulgaria's customs authorities.

 

The pilot programme followed a competitive tender and included a comparison of
multiple competitor units each of which was activated and integrated with
Bulgarian customs systems and operating procedures.

 

Avi Hartmann, CEO of t42, commented: "This order shows how t42 is expanding in
new geographies, sectors and markets. It demonstrates that our products
compare favourably when tested against competitors. It has also shown our
ability to work effectively with customs authorities and deliver benefits to
our customers very quickly after adoption. We are proud to be able to give
both our customers and customs authorities increased confidence they are in
full compliance with regulatory obligations.

 

"We are hopeful this order will be followed by more in a long-term, mutually
beneficial relationship with Olimp Bulgaria and we look forward to updating
the market on this in due course."

 

Contacts:

 

 t42 IoT Tracking Solutions PLC

 Michael Rosenberg, Chairman                                07785 727595

 Avi Hartmann, CEO                                          +972 5477 35663

 Strand Hanson Limited (Nominated and Financial Adviser)    +44 (0) 20 7409 3494

 James Harris / James Dance / Robert Collins

 Peterhouse Capital Limited (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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