TRAC T42 Iot Tracking Solutions Plc

TIDMTRAC

T42 IOT Tracking Solutions PLC

04 May 2023

4 May 2023

t42 IoT Tracking Solutions plc

("t42" or the "Company")

New strategic partnership with Israel's largest port

t42 IoT Tracking Solutions plc (AIM: TRAC) (" t42 " or the " Company ") is pleased to announce that it has been selected from hundreds of companies offering innovative initiatives to provide its technology and to work in partnership with Ashdod Port (the "Port"), Israel's busiest container gateways (the "Partnership").

The "Innovation at Ashdod Port" program aims to improve global supply chains. The Port's management reviewed hundreds of companies and selected t42 to work in partnership with, as well as agreeing to promote the Company's tracking solutions. The Partnership will promote the Company's solutions and services, with the aim of improving demand and value proposition.

The Port will actively promote t42 products among its worldwide partners within both maritime and shipping container markets, including global cargo and shipment companies, providing an opportunity to enhance their collaboration and synchronization processes by utilizing the tracking solutions offered by t42. This promotion and the Partnership thus creates a potential business opportunity for the Company.

As part of this initiative, the Port will execute a pilot program with the Company to enhance internal activities and processes for greater efficiency by installing t42 operated units at the Port's service zones and containers, to track and forecast supply movements accurately.

Avi Hartmann, CEO of t42, commented : " Our technology has been selected for the Ashdod Port innovation program, demonstrating confidence in the ability of our solutions to save time and money at one of Israel's largest ports. We expect the new strategic partnership to increase awareness of our supply chain solutions among major global cargo companies, and we look forward to signing new contracts following this partnership ."

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/ .

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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

NRAUPUWWAUPWGCC

(END) Dow Jones Newswires

May 04, 2023 10:45 ET (14:45 GMT)

T42 Iot Tracking Solutions (LSE:TRAC)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

T42 Iot Tracking Solutions (LSE:TRAC)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024