TIDMTRAC

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                         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

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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July 04, 2023 02:00 ET (06:00 GMT)

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