T42 IOT Tracking Solutions PLC t42 launches new and improved Lokies 2.0

TIDMTRAC

T42 IOT Tracking Solutions PLC

09 August 2022

Reach - non-regulatory announcement*

09 August 2022

t42 IoT Tracking Solutions plc

("t42" or the "Company")

t42 launches new and improved Lokies 2.0

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), which provides real-time tracking, security, and monitoring solutions for the global supply chain, logistics, container and freight market, is pleased to announce the launch of the Lokies 2.0, a significantly enhanced version of its best-selling smart tracking product.

Lokies is a unique, keyless smart padlock with innovative IoT capabilities. It is designed for markets where there is a need to protect inventory, commercial goods, supplies, cargo or venues. Lokies can be unlocked remotely by authorized users without needing a key. Its built-in, advanced Bluetooth Low Energy (BLE) connectivity enables the identification and management of multiple users using different access authorisations. The Access Control feature keeps a complete log of when it is opened, for how long and by whom.

Several significant improvements have been made to the new Lokies product: a new cellular module for improved remote wireless coverage, a new universal charging port, an enhanced central processing unit (CPU) for better performance, and new BLE 5.2 for improved energy consumption. These improvements meet the market's needs and are based on our customers' feedback on their requirements.

With the new cellular module, Lokies 2.0 will support LTE and 3G networks, ensuring global coverage and allowing the Company to operate the same unit anywhere in the world for years to come. Its new USB-C charging port makes the Lokies 2.0 more functional and user-friendly, specifically with the upgraded BLE 5.2 wireless connectivity allowing customers to spend even less time and effort on charging the units. Lastly, the upgraded CPU will allow the units to store more events, provide better security encryption, and improve overall performance.

Having recently signed several new contracts and distribution agreements, including supplying Lokies to ports in Latin America, DHL, the global leader in logistics, and Olimp Bulgaria Ltd, a world leader and exporter of security seals, t42 is pleased to be releasing the improved Lokies 2.0 product to market in September this year.

Avi Hartmann, CEO of t42, commented: "We are thrilled to announce that, from September this year, our new Lokies will be available for sale. We have recently seen our Lokies gain traction on the market, such as in LATAM where we have signed an agreement with a second distributor to provide our solutions to local port authorities over four years. We are confident that the new Lokies will prove even more popular.

"We are continually conversing with existing and prospective customers to understand their needs and wants. Our technical team always develops our products with the customer in mind to ensure maximum effectiveness and efficiency. These improvements will ensure users can operate the product to the best of its abilities anywhere in the world. At this vital time, when we are seeing such disruption to global supply chains, it is more important than ever that customers can rely on us for unfailing and actionable data."

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 (Joint Broker) 
  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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August 09, 2022 02:00 ET (06:00 GMT)