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 signs two-year deal with Overhaul Group

By Josh White

Date: Tuesday 22 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Shipping container tracking technology company T42 has signed an agreement with Overhaul Group, it announced on Tuesday, for the sale of its 'Tetis' tracking and monitoring units, and integration into its supply chain solutions.
The AIM-traded firm said the agreement was for an initial two-year term, and comprised a framework contract for Overhaul to order Tetis units, and for T42 to provide software services.

It described Overhaul as a US-based company that provides a "unified view" of in-transit logistics to detect and correct non-compliance within supply chains.

Using the Tetis units as part of its solutions, the company would be able to provide its customers with a "much higher" level of visibility and control over their cargo performance.

"We are delighted to see that our products are becoming increasingly recognised, in this case, the Tetis, which provides a complete tracking and monitoring solution for container transportation," said chief executive officer Avi Hartmann.

"We believe the increasing need for supply chain visibility in general, and in-land visibility in particular, will support our growth in the near future.

"We see this agreement with Overhaul as an important step in that direction."

At 1115 GMT, shares in T42 IoT Tracking Solutions were up 8.69% at 7.88p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page