t42 Secures Commercial Order with DHL

RNS Number : 4154Z

T42 IOT Tracking Solutions PLC

24 January 2022

 

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

24 January 2022

t42 IoT Tracking Solutions plc

("t42" or the "Company")

t42 Secures Commercial Order with DHL
for its IoT Shipping Container Tracking Solutions

t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), the real-time tracking, security and monitoring solutions provider for the global container and freight market, is pleased to announce a commercial order for its tracking solutions and services from DHL, the global leader in logistics.

Following a successful pilot programme that ran over multiple global destinations, DHL has confirmed an initial commercial order for t42 Tracking Lock units (previously known as Lokies) for use in Singapore. The Company expects the initial order for 32 units to be followed by further orders by DHL.

The pilot programme was a competitive process, with the competing solutions of several other companies tested simultaneously. DHL chose t42 as its preferred provider, stating that its technology had a significant advantage over t42's competitors in terms of its capabilities, big data analysis and reports received from the system and service levels. Furthermore, t42 has received a formal certificate of excellence from DHL in recognition of the quality of its solution.

Avi Hartmann, CEO of t42, commented:

"This is our first commercial order with global logistics leader DHL. Following a competitive and successful pilot programme, this order represents a vote of confidence and validation of our tracking solution and our strategy shift to the global shipping container market. 

"The order reflects the progress being made with key customers globally, in line with our growth strategy for 2022, and we look forward to updating the market about further orders in due course."

Contacts:

t42 IoT Tracking Solutions PLC Michael Rosenberg, Chairman Avi Hartmann, CEO	07785 727595 [phone]
Allenby Capital Limited (AIM Nominated Adviser and Joint Broker) Jeremy Porter/Piers Shimwell	020 3328 5656
Peterhouse Capital Limited (Joint Broker) Lucy Williams/Charles Goodfellow/Eran Zucker	020 7469 0930
Yellow Jersey PR (Financial PR) Tom Randell/Henry Wilkinson/Annabelle Wills	020 3004 9512 [e-mail]

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 and 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/. 

Information required pursuant to rule 26 of the AIM Rules for Companies can be found at www.starcomsystems.com.

 

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