t42 IoT Secures $7M Deal for Shipping Trackers

t42 IoT Tracking Solutions PLC (GB:TRAC) has released an update.

t42 IoT Tracking Solutions PLC has struck a substantial deal worth approximately $7 million with a US-based reseller to supply 30,000 container shipping tracking units over three years. This marks the fourth major contract for t42 this year, signifying a strong market presence, particularly in Latin America, as they shift towards a business model centered on recurring SaaS fees. The company is committed to providing innovative tracking and monitoring solutions that enhance the security and efficiency of shipping container operations.

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