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7-7.5p 2 v 1 on L2
However 7.5p buy order v 3.92p tiny sell order keeping it in auction not displaying the correct prices on the monitor until they uncross
T42 enters into a significant agreement with US based reseller for 30,000 container shipping tracking units, estimated value of approx. US$7million.
RNs out
t42 IoT Tracking Solutions Plc.
("t42", the "Company" or the "Group")
t42 enters into a significant agreement with US based reseller for 30,000 container shipping tracking units, estimated value of approx. US$7million.
Highlights:
· Significant agreement ("Agreement") signed with a US based reseller for the supply of 30,000 units (consisting of a combination of Lokies and Tetis)
· Under the terms of the Agreement, the Company will benefit from Hardware and SaaS subscription fees over a period of three years
· Initial order for 3,500 units received and further orders for 6,500 units expected to be received during 2024
· This is the fourth major long-term agreement for the Company since the beginning of 2024, representing total potential orders of up to 100,000 units, mainly in LATAM
t42 IoT Tracking Solutions plc (AIM: TRAC) ("t42" or the "Company"), one of the global leaders in the field of real time tracking and monitoring of shipping containers, announces today that it has entered into a significant long-term agreement to supply, for the first time, a combination of smart keyless padlocks (Lokies) and advanced tracking solutions (Tetis) for an estimated total value of approx. US$7 million over 3 years, including expected associated SaaS subscription fees.
The Agreement provides for the supply of 30,000 units over a 3-year period. The initial order of 3,500 units (a combination of Tetis and Lokies) has been received and is expected to be delivered in the second quarter of 2024. Under the terms of the Agreement, orders for the delivery of a further 6,500 units are expected later in 2024.
The customer is a US-based reseller, operating mainly in LATAM, and is a leading provider of end-to-end services for supply chain management, using AI models to provide shipment data and business intelligence services, allowing for effective management of supply chains.
This Agreement is the fourth major long-term agreement announced by t42 since the beginning of 2024, representing total potential orders of up to 100,000 units to the end of 2026, the majority of which are from customers in LATAM.
t42 is in the process of transitioning its business model to focus primarily on recurring monthly SaaS fees. This allows the delivery of comprehensive software solutions with vast data processing capabilities whilst maintaining its unique and competitive hardware offering, providing the most comprehensive set of sensors and data points available in the market.
Avi Hartmann, Chief Executive Officer of t42, commented: "I am very pleased with the momentum we are experiencing in the international markets and, in particular, in LATAM. T42 offers a comprehensive technological solution for monitoring, tracking and securing shipping containers and refrigerated air cargo. Our products successfully address one of the most complex problems in the container tracking industry. With our solutions, cust
7.32p to buy, you could gamble on a shake again it's never easy to predict how high spikes will initially go
Still in auction. Cannot get any
Stupid order at 3.92p little one been in auction for weeks messing up the prices
It's swinging between NT and stock when somebody takes a profit at 7p they allow somebody else to buy at 7.23p
Currently NT again
NT to buy?
Yep.. and with revenue forecast figures which is good for viability.. interesting to see how this goes this week, seen some others move massively of late on deals with no figures
Is RNs out??
Stock vanishing fast online at 7.25p
Well luckily this time the mm's were onto the deal so none of the usual pump and dumpers could get in low and then dump quickly again, now people have to pay more than a fair price of 7p+ unless they try and shake it again but people will probably pounce on any dips this time, the market cap is crazily low, the deals are flying in atm for trac
I can’t get my head around it’s low value vs order book.. like you say would expect a significant jump up at some point.. probably more orders in works too .. plus the low shares in circ.. can only assume it’s not well known.
I've added more, the market cap is nuts on the low side with all these deals and orders. It needs to be at least double or even treble this, maybe in a few hours time they might be paying 10-12-14p
It certainly looks good, you just never know with AIM shares at the moment. Might take a few sessions to sink in. GLA
This has to do 200-500% now, these are serious deals
GLA
Nice to see it up, does not take much buying to move good old Trac
The recent change to issuing RNS's before orders have been confirmed smacks of signs of desperation by the BOD who seem intent on trying to release good news to the market before the terms and conditions have been agreed thus having a more negative than positive effect which means that the improvement in investor sentiment fails to materialise.
Let's also not forget that back in June 2022 the BOD announced that DB Schenker, one of the world's largest logistics providers, had commenced an initial pilot programme of t42's tracking locks. The pilot programme was expected to proceed for some months following which t42 hopes to initiate commercial discussions.
I might have expected to hear more on this front by now unless the sale of Schenker's is holding back a decision. If that is the case then let the investing community know rather than allowing them to draw their own conclusions which will usually be of a negative disposition
I wish Trac would also stick to 7am Rns's, if they have news to issue do not do it at a random time during the day just wait until the next morning and issue it them. It might stop the pump and dumpers buying and selling again and stalling the price but once again this is happening everywhere. in 25 years of internet trading I've never seen stocks go dead so quickly after great news. Day trading culture has certainly killed the game, the mm spreads fuel it and in a nutshell they both cause their own demise which is less or no profits
I agree with Foxhill here. To really turn the sentiment (which can turn in a blink of an eye) we need the following to materialise.
1. RNS confirming the initial order of 10,000 units based on latest new release to be issued
2. More news on the collaboration that was announced in 2023 regarding the development of a new product for refrigerated air cargo supply chain. No doubt, the development is probably still on-going but in the words of T42 - "This innovative solution is expected to enable our clientele to uphold the upmost integrity of their cargo and the Board believes the offering will represent a paradigm shift in the air cargo industry, empowering shippers with unprecedented control, efficiency, and profitability"
3. larger orders from the partner referenced in the Feb RNS
4. The next order from Mexico which should be a larger order
5. Any further news of new partnerships and additional revenues
Too many negative people here stuck in the past. I for one think they have turned the corner in a big way hence I hold a decent amount. Used to the spikes and the dead it's happening to all stocks now but no point in selling so low the penny will drop eventually here
Need to be seen to bloom as described in the RNS’s - which has yet to happen. Too much non-committal from clients and not enough repeat orders.
Agree.
The key is getting more devices connected and therefore more recurring revenues due to software services.
This will take time but I believe there is sense for some cautious optimism
Within the past 12 months t42 have announced contracts in Brazil, Mexico, a long-term agreement for Lokies in February and last July announced a collaboration into the refrigerated air cargo supply chain, following a partnership with a leading global firm providing sustainable solutions across the cold chain.
The company appears to be turning a corner and there are clear indications that customers are acceptive of and adapting to their technology. The new leasing structure is now receiving recognition and the scale of future orders will be dependent upon the necessary funding being secured.
It has been mentioned previously that we had over 20 pilot studies in operation and the recent Brazilian contract was in the pipeline for 18months/2 years before the customers required operational standards were achieved so there's evidence that a lot is happening behind the scenes. It's quite feasible that we have other opportunities in the pipeline which can't currently be actioned until the funding is available.
So the future is beginning to look more positive and we're gaining traction in the market with repeat business from existing customers. However, I don't think we're going to land a huge contact which will transform the business over night. It's more likely to be a case of steady as she goes as we slowly build momentum until we can become self financing.
Furthermore Helios Tracking have added further features to Helios Advanced which appears to be performing strongly in the African market, especially East Africa and is contributing strongly towards the business.
I'm more inclined to think that a large competitor will seek to buy the business at some future point when its grown sufficiently to become a threat towards bigger and better financed companies and I hope we can manage to obtain a premium price as and when that eventuality occurs.