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So say 2 mil a year where does P/E come into this also this being priced to fail?
That all the pond life has surfaced again
By the way davey, our good friend Ria is still alive and well under the alias 'Citys2874' on ADVFN
$7m so £6m and over 3 years so £2m p/a and not guaranteed yet
Davey50, I was going to say exactly the same!
£7m order adding £8m to market cap (from here) at 20p? Classic Ria
This is why AIM isn’t great 7 million order and still sitting on 3.5M MCAP
I fully expect to see a significant sp increase in the morning, Hoping at leats 50%
Probably Ria brand new account
Mkt cap only £4m
Cracking RNS, how are we still in single figures
Ventureinvestor you sound desperate bro. Think you got spiked
Happy days indeed - held here for a while and it’s great to see additional and sizeable orders coming through…..I’ve no idea how far the SP can go but it’s great to sit back and pat my own back !!! Lol
Gla
Alliance News) - t42 IoT Tracking Solutions PLC on Tuesday announced a "significant" agreement with a US-based company.
Shares in the Israel-based firm, which provides container tracking and monitoring for the global shipping supply chain, surged 79% to 7.62 pence each on Tuesday afternoon in London.
t42 said the agreement is with a reseller for the supply of 30,000 container shipping tracking units with an estimated value of around USD7 million.
The company said it will benefit from hardware and software-as-a-service subscription fees over three years.
Chief Executive Officer Avi Hartmann said: "Our products successfully address one of the most complex problems in the container tracking industry. With our solutions, customers benefit from reliability, security and cost-effectiveness, while also enjoying shorter installation times and a faster return on investment. We continue to identify significant business opportunities in our key target markets, as reflected by the recent agreements we have signed and their substantial business potential."
By Tom Budszus, Alliance News slot editor
Here comes the first or second shake.
MC should rerate to at least £5-10m imo over the next few days. Close yesterday we were £1.7m!!!
NT at 8p now, rightly so
Well held Davey!
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?