T42 IOT Tracking Solutions PLC Order of 1,000 Tetis units in the USA (7431N)

TIDMTRAC

RNS Number : 7431N

T42 IOT Tracking Solutions PLC

25 January 2023

25 January 2023

t42 IoT Tracking Solutions plc

("t42" or the "Company")

T42 receives order of 1,000 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 its first order of 1,000 Tetis units with a client based in the USA. t42 will also provide its tracking and monitoring software services and connectivity solutions as part of this order. The agreement provides for monthly payments over a 36 month period to cover both device and data costs.

The client is a US-based company, one of the leading global companies that provide 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 client is able to provide its customers with a much higher level of visibility and control over their cargo performance. The client's adoption of the Tetis highlights the need for the Company's technology in this growing segment. The client indicated that additional orders of Tetis units would likely be placed in the near future.

Avi Hartmann, CEO of t42, commented : "The promising start to 2023 continues through this order and demonstrates trust in our products and services. As part of the partnership, we look forward to working with this client in order to provide better visibility and control for supply chains globally and hope to receive further orders under the agreement in the coming months."

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 
 Yellow Jersey PR (Financial PR)                   020 3004 9512 
  Tom Randell/Henry Wilkinson/Annabelle Wills       [e-mail] 
 

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/ .

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January 25, 2023 02:00 ET (07:00 GMT)