T42 IOT Tracking Solutions PLC Further order of 2,500 Tetis units in the USA (7800S)

TIDMTRAC

RNS Number : 7800S

T42 IOT Tracking Solutions PLC

13 March 2023

13 March 2023

t42 IoT Tracking Solutions plc

("t42" or the "Company")

T42 receives an additional order of 2,500 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 an additional order of 2,500 Tetis units, from an American-based client, on top of the order of 1,000 units that was announced on 25 January 2023. As with the previous order, this agreement provides for monthly payments over 36 months to cover both device and data costs.

The client is a US-based leading global company that provides a unified view of in-transit logistics to detect and correct non-compliance within supply chains. Using t42's technology as part of its solutions, the client can provide its customers with increased visibility and control to improve cargo performance.

Avi Hartmann, CEO of t42, commented : "2023 continues to show trust in our products and services. In placing a second order only two months after the first, the client has expressed its confidence in our technology. We look forward to continuing delivering our solutions in the growing cargo segment."

Contacts:

 
 t42 IoT Tracking Solutions PLC 
  Michael Rosenberg, Chairman                       07785 727595 
  Avi Hartmann, CEO                                  [phone] 
 Strand Hanson Limited (Nominated Adviser 
  and Financial Adviser) 
  James Harris/ Richard Johnson/ Robert Collins    020 7409 3494 
 Peterhouse Capital Limited 
  Lucy Williams/Charles Goodfellow/Eran Zucker     020 7469 0930 
 

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/ .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCLXLFFXXLLBBZ

(END) Dow Jones Newswires

March 13, 2023 08:30 ET (12:30 GMT)