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There are several positive messages to take from this article and the investment community at large has still to appreciate the company’s full potential due to the unique nature of the capabilities of it’s technology.
For me the most important comment was-“while there are competitors that offer components of the necessary tracking solutions, none delivers on a complete state of solutions and t42 stands to capitalise on a significant portion of the $multi- Billion industry”
In other words t42 is unique because it’s the ONLY company that offers a comprehensive solution.Many of our competitors have similar features but not as sophisticated and NONE of them possess all of our detection capabilities and more importantly can’t provide the degree of cybersecurity protection that we can offer through our cloud based solution.
We have first mover advantage in a huge and rapidly growing industry and in due course the benefit of that will become apparent. The logistics industry, at large, is fully aware that t42’s technology is currently the best available on the market.
Furthermore, the recent pandemic has left several legacies and one of the most important is the need to keep trade flowing and supply chains connected which is something that has been fully appreciated by national governments who’ve worked tirelessly to keep their port operations open.
This has strengthened the case for digitalisation and has led to innovation and advancement in new technologies which are now transforming and permeating supply chains and their distribution networks including transport and logistics. Keeping abreast of the most recent advances in the field is now a requisite and NOT an option.
This has led to increased engagement through business to consumer electronic commerce for business operations.The use of electronic equivalents has spread to negotiable Bills of Lading and their acceptance by government authorities, banks and insurers. Commercial parties across the world are readily accepting electronic records and legal systems are being suitably modified.
This is why the US has recently passed bill to spend over $3 Trillion to improve the supply of port related infrastructure and services and the expansion of its technology based solutions relating to trade facilitation, automation and digitalisation in order to provide resilience against any future shocks or disruptions
The article also makes reference to federal agencies as potential customers and I presume this is in relation to Customs operations which the BOD are particularly excited about. Many countries are failing to extract the correct duties/tariffs/taxes because of endemic criminality and corruption. This means they’re failing to raise sufficient revenues to fund their social programmes and public services. It’s a problem for both developed and emerging countries and one which all national governments are aware of and concerned about.
The next generation technology is already improving operations and efficiency in custom’s processes.IoT technology is absolutely key to the future of smart customs as it enables the effective monitoring of cargo and tracking of journeys.Sensors can be embedded in vehicles and containers to be used in a variety of different ways.
X-ray sensors can use IoT to communicate manifest data directly to e-Seals on containers (Lokies).What’s more it can be used to detect fraud and other crimes,including tampering in containers and cargo that isn’t moving along approved routes.
It also quickens processes such as data verification as it helps to detect and resolve common errors that would otherwise take up considerable time and Human Resources. Intelligent Customs is enabled by cloud computing which means new applications for new taxes can be quickly developed and be more financially efficient.
Blockchain based technology is set to be a game changer for Customs,particularly for smart contracts. There is the potential to improve the efficiency and speed of cross border supply chains whilst also providing a digital paper chain of unalterable records
Many of these technologies have now been embraced by national governments across the globe and large business is being coerced into adopting these technologies. Small/medium sized businesses will have no option as otherwise they will simply disappear.China is already well advanced along this route and is using digital processing,automatic operations and intelligent devices to boost it’s services and benefit its economy.
Demand for technology with these capabilities is going to be off the scale.Currently t42 is unique in being the ONLY company with a fully comprehensive package of solutions.Others will catch up in due course. However in the meantime we can leverage FIRST MOVER status to capture a significant portion of this $TRILLION industry.
It’s that mouthwatering prospect that hour BOD have realised puts them in a very strong position. The pipeline of potential customers and deals are going to be huge both in terms of size and substance