T42 IOT TRACKING SOLUTIONS PLC

Regulatory Filings • Jul 4, 2023

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RNS Number : 8288E

T42 IOT Tracking Solutions PLC

04 July 2023

Reach

4 July 2023

t42 IoT Tracking Solutions plc

("t42" or the "Company")

T42 receives further order of Tetis 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 it has received a $0.24m order of Tetis units, from an international company providing supply chain visibility and cargo monitoring as a complete service.  

t42 has established a successful  business collaboration with the client over the past few years, resulting in this initial order, for delivery during Q3 2023. t42's ability to meet the client's needs and provide value solutions demonstrates the Company's expertise.  

Avi Hartmann, CEO of t42, commented: "We look forward to forging a strong business relationship with our client and to becoming a trusted business partner. This order follows in the footsteps of an increase in orders generally in the past couple of months and reinforces our commitment to making significant contributions to the global shipping container markets. We are confident that the selection of our solution by numerous prominent global players in the shipping container industry is a validation of its fit as a vital component of their growth strategies."

Contacts:

t42 IoT Tracking Solutions PLC Michael Rosenberg, Chairman Avi Hartmann, CEO	07785 727595 +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/. 

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