T42 IOT Tracking Solutions PLC Overhaul Contract (1181H)
22 Novembre 2022 - 8:00AM
UK Regulatory
TIDMTRAC
RNS Number : 1181H
T42 IOT Tracking Solutions PLC
22 November 2022
22 November 2022
t42 IoT Tracking Solutions plc
("t42" or the "Company")
T42 signs contract with Overhaul
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 signed an agreement
with Overhaul Group Inc. ("Overhaul") for the sale of t42's Tetis
tracking and monitoring units to Overhaul and integration into its
supply chain solutions.
The agreement is for an initial two-year term and comprises a
framework contract for Overhaul to order Tetis units and for t42 to
provide software services.
Overhaul is a US-based company that provides a unified view of
in-transit logistics to detect and correct non-compliance within
supply chains. Using the Tetis units as part of its solutions, the
company is able to provide its customers with a much higher level
of visibility and control over their cargo performance.
Avi Hartmann, CEO of t42, commented : "We are delighted to see
that our products are becoming increasingly recognized, in this
case, the Tetis, which provides a complete tracking and monitoring
solution for container transportation. We believe the increasing
need for supply chain visibility in general, and in-land visibility
in particular, will support our growth in the near future. We see
this agreement with Overhaul as an important step in that
direction."
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/ James Dance/ 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 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/ .
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END
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