T42 Iot Tracking Solutions NPV (TRAC)

Sector:

IT Services

Index:

FTSE AIM All-Share

 5.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 24.00
  • 52 Week Low: 5.40
  • Currency: UK Pounds
  • Shares Issued: 53.03m
  • Volume: 1,426
  • Market Cap: £3.05m
  • RiskGrade: 1,622

T42 gets first order under Latin America deal

By Josh White

Date: Wednesday 15 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Freight and logistics tracking technology company T42 has received its first commercial order for sensor fusion-based tracking solutions and cloud platform services in Latin America, it announced on Wednesday.
The AIM-traded firm said the order was delivered under the framework agreement with a Latin American consortium, announced on 17 December.

In the initial order, 500 units were being supplied with further devices expected to be ordered for use at additional ports across the region.

The customer was described as a Latin American consortium of five leading local companies responsible for providing local port authorities with trade data for a major regional port in Latin America.

"It's pleasing to see the progress the company has made in the last few months, especially the conversion of contracts into long-term commercial business," said chief executive officer Avi Hartmann.

"Each converted contract demonstrates to potential new customers what our business can offer."

Hartmann said the underlying driver of demand for the company's tracking and monitoring solutions and services was the need for greater security and real-time data about the condition and movement of containers.

"This is heightened by the current disruption to global supply chains.

"Our customers operating at ports choose us because of their need both for enhanced security and increased efficiency."

At 1453 BST, shares in T42 IoT Tracking Solutions were down 2.12% at 11.01p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TRAC Market Data

Currency UK Pounds
Share Price 5.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 24.00
52 Week Low 5.40
Volume 1,426
Shares Issued 53.03m
Market Cap £3.05m
RiskGrade 1,622

TRAC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
59.6% below the sector average59.6% below the sector average59.6% below the sector average59.6% below the sector average59.6% below the sector average

TRAC Dividends

No dividends found

Trades for 27-Jan-2023

Time Volume / Share Price
16:35 26 @ 5.50p
08:41 1,400 @ 5.71p

TRAC Key Personnel

CEO Avraham (Avi) Hartmann
CFO Igor Vatenmacher

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