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On 09 October 2023, t42 IoT Tracking Solutions plc ("t42") issued a statement regarding recent actions in Israel. The Board stated that the majority of the Group's products are sourced and manufactured overseas outside Israel, and the Company is thus far unaffected from a business perspective. t42 also confirmed its team in Israel remains safe, unharmed, operating as usual, and the Group continues to operate effectively.
| Date | 9 Oct 2023 |
| Time | 13:42:56 |
| Category | Miscellaneous |
| ID | 4488P |
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:
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t42 IoT Tracking Solutions PLC Michael Rosenberg, Chairman Avi Hartmann, CEO
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07785 727595 +972 5477 35663 |
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Strand Hanson Limited (Nominated Adviser and Financial Adviser) James Harris/Richard Johnson/Robert Collins
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020 7409 3494 |
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Peterhouse Capital Limited Lucy Williams/Duncan Vasey/Eran Zucker |
020 7469 0930 |
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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/.