TIDMTRAC
T42 IOT Tracking Solutions PLC
09 August 2022
Reach - non-regulatory announcement*
09 August 2022
t42 IoT Tracking Solutions plc
("t42" or the "Company")
t42 launches new and improved Lokies 2.0
t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the
"Company"), which provides real-time tracking, security, and
monitoring solutions for the global supply chain, logistics,
container and freight market, is pleased to announce the launch of
the Lokies 2.0, a significantly enhanced version of its
best-selling smart tracking product.
Lokies is a unique, keyless smart padlock with innovative IoT
capabilities. It is designed for markets where there is a need to
protect inventory, commercial goods, supplies, cargo or venues.
Lokies can be unlocked remotely by authorized users without needing
a key. Its built-in, advanced Bluetooth Low Energy (BLE)
connectivity enables the identification and management of multiple
users using different access authorisations. The Access Control
feature keeps a complete log of when it is opened, for how long and
by whom.
Several significant improvements have been made to the new
Lokies product: a new cellular module for improved remote wireless
coverage, a new universal charging port, an enhanced central
processing unit (CPU) for better performance, and new BLE 5.2 for
improved energy consumption. These improvements meet the market's
needs and are based on our customers' feedback on their
requirements.
With the new cellular module, Lokies 2.0 will support LTE and 3G
networks, ensuring global coverage and allowing the Company to
operate the same unit anywhere in the world for years to come. Its
new USB-C charging port makes the Lokies 2.0 more functional and
user-friendly, specifically with the upgraded BLE 5.2 wireless
connectivity allowing customers to spend even less time and effort
on charging the units. Lastly, the upgraded CPU will allow the
units to store more events, provide better security encryption, and
improve overall performance.
Having recently signed several new contracts and distribution
agreements, including supplying Lokies to ports in Latin America,
DHL, the global leader in logistics, and Olimp Bulgaria Ltd, a
world leader and exporter of security seals, t42 is pleased to be
releasing the improved Lokies 2.0 product to market in September
this year.
Avi Hartmann, CEO of t42, commented: "We are thrilled to
announce that, from September this year, our new Lokies will be
available for sale. We have recently seen our Lokies gain traction
on the market, such as in LATAM where we have signed an agreement
with a second distributor to provide our solutions to local port
authorities over four years. We are confident that the new Lokies
will prove even more popular.
"We are continually conversing with existing and prospective
customers to understand their needs and wants. Our technical team
always develops our products with the customer in mind to ensure
maximum effectiveness and efficiency. These improvements will
ensure users can operate the product to the best of its abilities
anywhere in the world. At this vital time, when we are seeing such
disruption to global supply chains, it is more important than ever
that customers can rely on us for unfailing and actionable
data."
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 (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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