ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

TRAC.GB t42 IoT Tracking Solutions Plc

3.50
0.00 (0.00%)
28 Mar 2024 - Closed
Realtime Data
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% 3.50 2.50 4.50 3.50 2.65 3.50 81,250 16:29:58
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

T42 IOT Tracking Solutions PLC T42 signs important agreement for Lokies units (8042M)

16/01/2023 7:30am

UK Regulatory


t42 IoT Tracking Solutions (AQSE:TRAC.GB)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more t42 IoT Tracking Solutions Charts.

TIDMTRAC

RNS Number : 8042M

T42 IOT Tracking Solutions PLC

16 January 2023

16 January 2023

t42 IoT Tracking Solutions plc

("t42", the "Company" or the "Group")

T42 signs important agreement for container shipping Lokies tracking units

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the provider of global shipping containers tracking solutions, is pleased to announce that, through its wholly-owned subsidiary T42 Limited, the Group has entered into an agreement with a new Israel-based customer that provides cutting-edge IoT and AI solutions for monitoring goods in the supply chain ("the Customer") for the sale of t42's Lokies tracking units to protect goods and deliveries worldwide.

The agreement is for a two-year term. An initial purchase order has been received from the Customer for 1,500 Lokies units in respect of H1 2023 sales, with further orders anticipated over the period of the contract (including recurring revenue streams over the following years). The Customer has been granted certain end-client supply exclusivity rights, subject to the Customer achieving specified quarterly sales over a 2-year period for, in aggregate, 5,000 Lokies, including the units ordered to date.

Lokies is a unique smart keyless padlock with innovative IoT capabilities, incorporating advanced GPS and cellular technology together with new Bluetooth Low Energy connectivity and user management abilities. Lokies enables customers to identify and manage different users based on their access authorizations, making the cargo much more visible and secure.

The Customer is a leading provider of end-to-end services for goods management. Using AI models, it provides shipment data and business intelligence services, allowing for effective management of supply chains.

Avi Hartmann, CEO of t42, commented: " We recognize the growing demand for supply chain management solutions and the great potential of this multibillion-dollar industry. This new agreement puts our IoT solutions in the spotlight, and endorses the confidence the industry has in our technology."

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 
 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, 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/ .

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.

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

AGRGRGDBBDBDGXL

(END) Dow Jones Newswires

January 16, 2023 02:30 ET (07:30 GMT)

1 Year t42 IoT Tracking Solutions Chart

1 Year t42 IoT Tracking Solutions Chart

1 Month t42 IoT Tracking Solutions Chart

1 Month t42 IoT Tracking Solutions Chart

Your Recent History

Delayed Upgrade Clock