TIDMTRAC

RNS Number : 4488P

T42 IOT Tracking Solutions PLC

09 October 2023

9 October 2023

t42 IoT Tracking Solutions plc

("t42" or the "Company")

Statement re actions on Israel

The Board of T42 notes the recent actions in Israel and provides the following statement:

The majority of the Group's products are both sourced and manufactured overseas outside of Israel and the Company is thus far, from a business perspective, unaffected by horrific events of recent days in Israel. Our team in Israel remains safe and unharmed and is operating as usual, though our thoughts and prayers are with all our friends and colleagues who have lost dear friends and relatives. The Group continues to operate effectively and remains on course to implement its strategy.

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 
  Lucy Williams/Duncan Vasey/Eran Zucker         020 7469 0930

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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(END) Dow Jones Newswires

October 09, 2023 08:42 ET (12:42 GMT)

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