TIDMTRAC
RNS Number : 4777N
T42 IOT Tracking Solutions PLC
01 June 2022
1 June 2022
t42 IoT Tracking Solutions plc
("t42" or the "Company")
t42 successfully completes pilot with Philip Morris Ltd
Commercial delivery to IoT provider
Commencement of pilot programme with DB Schencker
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 provide an update on recent deliveries and significant
pilot programmes.
Highlights:
-- Pilot programme completed with the Security division of
Philip Morris Israel Ltd, part of the multinational tobacco
company
-- Commercial delivery of Lokies to a UK based IoT provider to
help them provide enhanced security for goods delivered by Amazon
using third party delivery services
-- Pilot programme agreed with DB Schenker, one of the world's
largest global logistics providers
t42 has completed a pilot programme with the Security division
of Philip Morris Ltd, the Israeli affiliate of Philip Morris
International, a multinational tobacco company. Having completed
rigorous tests of the Company's IoT shipping container tracking
solutions, with a trial of 100 units assessed against competitors
over several months , Philip Morris Ltd has selected t42's product
solution to help protect its shipments of high value cigarettes.
After selection by Philip Morris Israel as the preferred solution,
the Company will seek to market its products to other companies
within the Philip Morris group.
In the UK, a multinational IoT provider which ensures security
of supply for goods delivered by Amazon using third party delivery
services, has now successfully completed a test of 200 Lokies units
out of a planned 400 units, with the balance of the 200 units now
due for commercial delivery.
In addition, DB Schenker, one of the world's largest logistics
providers, has commenced an initial pilot programme of t42's
tracking locks . The pilot programme is expected to proceed for
some months following which t42 hopes to initiate commercial
discussions.
Avi Hartmann, CEO of t42, commented:
"We are delighted to provide an update on work with customers
after a busy few months.
"Following our rebranding and refocusing of our strategy in the
second half of last year, our engagement with customers has led to
progress with additional trials, pilot programmes and product
deliveries. With major international customers, it is typically
necessary to work through a thorough and often lengthy due
diligence process as they test the capabilities of our products and
support services. It is gratifying to see this process working and
a testament to the hard work put in across the team.
"In terms of the spread of our customer base, I am pleased to
see the message about the value of our real-time tracking, security
and monitoring solutions is attracting interest from a diverse
range of high-quality customers, from logistics providers to
individual product distributors. We understand that no two clients
are the same and our offering needs to work with their particular
business and its needs.
"I look forward to being able to announce further progress in
due course and to further broadening our customer base. Given
frequently difficult and disrupted supply chains, delivering the
best global shipping container tracking has never been more
important than today."
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 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 https://www.t42.co.uk/
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END
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