We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
t42 IoT Tracking Solutions Plc | AQSE:TRAC.GB | Aquis Stock Exchange | Ordinary Share | JE00BKVDPL34 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.50 | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTRAC
RNS Number : 3001M
T42 IOT Tracking Solutions PLC
13 September 2023
13 September 2023
t42 IoT Tracking Solutions plc
Notice of Interim Results and Business Update
t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the provider of global shipping containers tracking solutions, expects to announce its interim results for the 6 months ended 30 June 2023 on or around 22 September 2023, together with a trading statement for the current year.
Further to the business update on 16 February 2023, in which the Company noted that the 5-year distribution and sales contract with OpenBox Ventures Inc ("OpenBox") in the USA was underperforming, the Company notes that the contract has, to date, not produced orders and thus failed to perform according to the distributor's estimates, with their estimated US$1.9m minimum order level for 2022 not being achieved and thus exclusivity conditions have not been met to date.
Accordingly, the Company has been able to pursue other opportunities in the USA, leading to successful orders as announced in January and March this year, with further orders anticipated. The Company continues to work with OpenBox under the distribution agreement and will provide further updates in due course.
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) 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 rns@lseg.com 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
NORDXLBFXKLBBBB
(END) Dow Jones Newswires
September 13, 2023 03:07 ET (07:07 GMT)
1 Year t42 IoT Tracking Solutions Chart |
1 Month t42 IoT Tracking Solutions Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions