Vox Markets Logo

T42 partners with Sateliot for container tracking solution

13:57, 1st December 2023
Vox News
Company News
TwitterFacebookLinkedIn

t42 IoT Tracking Solutions PLC (TRAC) Follow | TRAC

(Sharecast News) - T42 IoT Tracking Solutions announced on Friday that it was joining forces with Sateliot IOT Services to enhance its connected container offerings.
The AIM-traded firm said Sateliot, a Barcelona-based company operating a low-Earth orbit (LEO) 5G internet-of-things (IoT) satellite constellation, would collaborate with it to integrate 5G-IoT communication modules into its existing and future container devices.

It said the integration aimed to connect more than 50 logistics partners to Sateliot's satellites, addressing the issue of coverage at sea.

The modules would monitor various parameters, including location, acceleration, temperature, humidity, impacts, tilt, light conditions, and container damage, ensuring secure merchandise control globally.

It said the combination of Sateliot's technology and T42's hardware presented an opportunity to revolutionise a sector that had remained relatively unchanged since the invention of the shipping container in 1956.

"It is unbelievable what a small hardware investment can represent for the industry's performance overall," said chief executive officer Avi Hartmann.

"This change has come to stay.

"There's no doubt about it and T42 has positioned itself to be a leader in this change over the next few years."

At 1246 GMT, T42 IoT Tracking Solutions shares were up 1% at 3.03p.

Reporting by Josh White for Sharecast.com.

TwitterFacebookLinkedIn

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

Recent Articles
Watchlist