Accord important à long terme
5 Février 2024
t42 Solutions de suivi IoT Plc.
(« t42 », la « Société » ou le « Groupe »)
T42 Secures Significant Long-Term Agreement for up to 30,000 Container Shipping 'Lokies' Tracking Units
t42 IoT Tracking Solutions plc (AIM : TRAC) ("t42" ou la "Entreprise"), a provider of global shipping container tracking solutions, is pleased to announce a significant follow-up agreement ("Agreement") with the customer referenced in our 16th Janvier 2023 announcement. Under the Agreement, the customer ("Client"), which provides cutting-edge IoT and AI solutions for monitoring goods in the supply chain, has agreed to place orders for up to 30,000 'Lokies' units over the next three years, together with associated Software as a Service (SaaS) fees, which if received and deployed would be estimated to deliver revenues of over $7.5 million to the Company, although there is no guarantee of the total number or timing of ordering of units, nor revenues to be derived from, the Agreement.
Following the initial agreement (which is being superseded by this Agreement) in January 2023, under which the Company has successfully delivered 2,000 'Lokies' tracking units along with additional other products and services, the demonstrated effectiveness of 'Lokies' units in safeguarding goods and ensuring the integrity of worldwide deliveries has led to this significant new and expanded agreement with the Customer, with an immediate despatch to satisfy the first order of 1,000 units. The Agreement represents a strategic shift for t42, furthering its focus on the global container and supply chain market and is expected to provide a steady stream of recurring revenue throughout the period of use.
After a detailed evaluation of development requirements and a thorough assessment of the Company's capabilities, the Company is pleased to announce this agreement, which provides for further development and updates of 'Lokies' and positions the Company to supply the Customer and its end-users with more efficient, cutting-edge solutions.
'Lokies' stands out as a unique, smart keyless padlock, with innovative IoT capabilities. It integrates advanced Global Navigation Satellite System (GNSS) and cellular technology, complemented by the latest Bluetooth Low Energy connectivity and sophisticated user management abilities. 'Lokies' enables customers to identify and manage various users based on their access authorisations. This feature significantly enhances cargo visibility and security, making it a key tool in modern logistics and supply chain management.
The Customer, a leading provider in the realm of end-to-end goods management services, utilises advanced AI models to deliver comprehensive shipment data and business intelligence services. This sophisticated approach enables the effective management of supply chains, offering unparalleled insights and operational efficiencies. Their expertise in integrating cutting-edge technology into logistics processes underscores the strategic importance of their partnership with the Company.
CLN extension update
As previously announced the Company is negotiating with the holders of the 2021 unsecured convertible loan notes ("CLN") with a view to extending the maturity date and other amendments. There are several different investors in the CLN and, while the Company believes that all are supportive of the extension, it is taking longer than originally anticipated to complete the necessary legal arrangements. A further update will be provided when an agreement is entered into.
Avi Hartmann, PDG de t42, a commenté: "t42 is witnessing the tangible impact of its long-term efforts to integrate cutting-edge solutions within the supply chain industry. There is a notable global surge in interest for 'Lokies' and the associated comprehensive t42 solution, which is expected to be positively reflected in the Company's financial results in 2024 and beyond."
Contacts :
API de solutions de suivi IoT t42
Michael Rosenberg, président +07785 (727595)XNUMX XNUMX
Avi Hartmann, PDG +972 5447 35663
Strand Hanson Limitée (Conseiller désigné et conseiller financier) +020 (7409)3494
James Harris/Richard Johnson/Robert Collins
Peterhouse Capital Limitée +020 (7469)0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Solutions de suivi IoT t42 plc (AIM : TRAC), anciennement Starcom Systems plc, fournit des solutions IoT de suivi, d'analyse, de surveillance et de sécurité en temps réel pour le marché mondial des conteneurs et du fret et couvre 55 pays, plus de 100 distributeurs et 50 partenaires logistiques et d'assistance.
Les dispositifs de suivi IoT multi-capteurs de t42 utilisent un large éventail de capacités de détection avec des analyses et des alertes basées sur le cloud, avec une transmission de données en temps réel, une analyse et des informations exploitables. Ses appareils sont utilisés par les ports, les propriétaires de fret, les compagnies maritimes, les transitaires, les compagnies d'assurance, les autorités douanières, la sécurité intérieure et la police pour le suivi mondial des conteneurs de bout en bout et la transformation numérique des expéditions.
Pour plus d'informations sur la Société, veuillez visiter : https://www.t42.co.uk/
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