TRAC T42 Iot Tracking Solutions Plc

TIDMTRAC

T42 IOT Tracking Solutions PLC

17 July 2023

Reach

17July 2023

t42 IoT Tracking Solutions plc

("t42" or the "Company")

t42 solution collaboration with leading refrigerated container manufacturer

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the provider of global shipping containers tracking solutions, is pleased to announce an expansion of the Company's solutions into the refrigerated air cargo supply chain, to be supported by the development of an innovative product for this new sector, following a partnership with a leading global firm providing sustainable solutions across the cold chain. This collaboration aims to provide solutions to shippers in preserving, safeguarding, and prolonging the availability of vital resources such as food, medicine, and perishable items in the air cargo supply chain.

The new product, which is anticipated to become one of the cornerstone solutions offered by the new partner, is under development based on close collaborations of both companies' R&D teams. Through the application of state-of-the-art IoT technologies and advanced data analytics, this new product will seek to ensure real-time monitoring, enhanced security, and optimized handling of perishable goods. Data gathered by the new product will enable our partner to gain better analytics of its activities and improve its future products. This innovative solution is expected to enable our clientele to uphold the upmost integrity of their cargo and the Board believes the offering will represent a paradigm shift in the air cargo industry, empowering shippers with unprecedented control, efficiency, and profitability.

Avi Hartmann, CEO of t42, commented : "The partnership between t42 and our partner demonstrates a powerful synergy, combining our expertise in IoT development with their globally renowned sustainable solutions. Together, we are reshaping the future of the air cargo industry, revolutionizing the way goods are handled and transported across the globe. We are also confident that it will lead to increased revenue opportunities in the years to come following the launch."

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 17, 2023 02:00 ET (06:00 GMT)

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