Member Info for Nig1954

It's clearly apparent that Ria has NOT ONLY failed to digest the content of our various RNS's over the course of the last 20 months but has misunderstood/misinterpreted subsequent events.

Contracts that were going to materialise in H1/22 subsequently slipped to H2/22 but then we were informed they'd definitely arise in Q1/23 only for Avi to later dismiss this and suggest late H1/23 , well we've got 16 days left and counting.

As for OpenBox, well any diligent investor who's conducted careful research will tell you there's been absolutely NO mention of pending contracts and the footprint of that particular Distributor is- how shall we put it- non-existent. In fact EXTINCT would probably be far more appropriate in the circumstances.

To be fair to John Cleese's Blue Norwegian parrot, at least he existed, albeit in a state of rigor mortis, which is more than can be said of OpenBox

A-Labs, the Equity subscriber, is a private corporate advisory and finance firm that focuses on identifying the next generation of unicorns and helping them, hands-on, in managing their business towards high-quality, sustainable IPOs or M&As.
A-Labs provide company functions such as strategic marketing, branding, financial models, business development, sales, marcom, public relations, investors relations and predominantly managing "the day after" for long term growth and strategic vision development.
A-Labs are a very savvy outfit composed of highly experienced entrepreneurs, visionaries and investors with experience in IPOs, M&As, corporate branding, and advisory roles. They help all stage companies grow and raise capital mainly through a public vehicle, working specifically with companies that have strong management teams, game-changing technologies or patents and an outstanding client portfolio.
I'm positive they will have undertaken their due diligence and the fact that they're prepared to invest at a premium of 40% to the pre-RNS sp, speaks volumes in itself. Progress has been slower than anticipated and I wouldn't be surprised to see some short term volatility as uncommitted investors decide the timeframe is not to their liking.
However, for long term investors I think the terms associated with the CLN and Debt Financing have been very realistic given the current state of microcaps in the AIM market. I'm already hearing that credit markets are tightening and lack of liquidity is beginning to cause problems for many businesses in the SME sector. I just hope we don't see a return to the shenanigans undertaken by Nat Wet's Debt Recovery Unit and RBS in the last recession back in 2008.
Long term shareholders interests haven't been significantly diluted, the BOD continue to add skin in the game with Avi's personal guarantee and to date the market seems to have acted positively to this news with more buyers than sellers. I'm still focussed on Q1/2023 which is the period alluded to by Igor at the last AGM and this has been reinforced by Avi who refers to H1/2023.
All in all this is to be welcomed as we can now see that the company will have sufficient funding to take itself to the next level. This is all about future growth and NOT simply keeping the lights on. Credit should be given to the BOD for achieving this in what is currently a very difficult economic climate.

Another investor alluded to the possibility that this is simply an MOU which would help explain the lack of contract details. Nevertheless take a look at Microsoft’s web site and the information relating to their recently announced launch partners. Presently there are very few associated with this but all are $ multi billion and Fortune 100 companies. It can’t do the prospects of Lokies, Tetis and Helios any harm to be linked to companies of this stature. Also, the type of businesses involved are those who will best serve our long term interests.

We’re still lacking material contract news to propel the sp in the direction we all want to see it go but there’s no doubt we’re heading in the right direction and based on Igor’s comments at the latest AGM it’s beginning to look as though Q1 of 2023 before we can expect to see the fireworks but I’ll be more than happy to be proved wrong

IV said at the AGM that Q1 of 2023 would be the standout period for LATAM sales

The recent ongoing problems with Covid lockdown in China has brought this to a head as more Logistics companies have sought alternative trade routes to avoid port congestion, strikes at ports and to reduce the transportation cost.
"Japan and the Republic of Korea are Asian largest trading partners for Europe, and they see opportunities for the attraction of freight traffic going today through the Suez Canal to faster routes through the Far East via the Trans-Siberian railway. FESCO has experience in organizing fast multimodal transportation from these countries to Russia. FESCO expect that in partnership with RZD-Logistics they will be able to launch a competitive transit service, which will ultimately contribute to the development of transit transportation through the Russian Federation and will enable them to achieve the strategic goal of 2 million TEU by 2024," Alexander Isurin said.
"A promising multimodal service from Japan and Korea via Vladivostok offers shippers from these countries one of the most optimal routes to Europe, which will significantly reduce the transit time of delivery. RZD Logistics will be responsible for the railway component of the service. Taking into account our competence in the field of land transit transport, I am confident about the high quality and future demand for our joint product with FESCO," said Vyacheslav Valentyk.
This process has now started and they're hoping to add Indonesia, India, Taiwan and other South Eastern Asian countries to this mix. This has the potential to be a huge market. Our links with Dalreftrans' links us with FESCO and we've previously had discussions with RZD concerning Lokies. Customs clearance along with electronic lading bills are going to be at the heart of this. The intention being to use digitalisation to significantly reduce the processing time, increase the volume of goods which can be handled and reduce the manual labour costs providing cost benefits for all parties. So maybe, the recent tweet from t42 may bring more to the party than we initially thought and possibly this is the large Lokies order we were promised over 2 years ago. Time will tell. Fingers crossed.

https://bit.ly/3x3Kzx6, record volumes of refrigerated cargo transportations were achieved. Let's hope this is an omen for the future.
The connection between the marine rail route from Hanoi to Vladivostok and a rail route from Vladivostok to Moscow was launched on September 6th at a ceremony in Hanoi. The link uses a digital security mechanism so customers and related agencies can track goods moving on the route in real-time and make it possible to implement customs clearance of goods at the end point in Moscow.
The Chairman of Russian Railways (RZD) highlighted that an important element of transportation is saving time and connecting the 2 routes reduces time and administrative procedures when transporting goods from Vietnam to Western Russia . The President of FESCO said that within a short time of establishing this route they’ve transported over 5,000 containers back and forth between these 2 countries adding that they plan to increase the frequency on this route.
The Vietnamese Consulate General in Vladivostok applauded FESCO’s decision to establish the direct sea route to transport goods from Vietnam to Vladivostok in late May. From past recollection I think RZD was the company from whom we were hoping to receive a large order for Lokies, which never materialised. I’m hoping against hope that the recent link with Dalreftrans might suggest that the large order for Lokies may still be in the offing. The reference to customs clearance is intriguing to say the least.
Back in April 2019 ,FESCO Transportation Group (FESCO) and RZD Logistics JSC agreed to organize a joint multimodal service for the delivery of containerized cargo from the Asia-Pacific region (APR) to Europe through the CVD (VMTP, part of FESCO) by the Trans-Siberian railway. The agreement was signed by Alexander Isurin, President of FESCO, and Vyacheslav Valentik, Director General of RZD Logistics JSC, in the framework of the "TransRussia" exhibition.
Using the available experience and competence, the parties planned to develop a technology for the transportation of goods with FESCO's linear services and regular container trains from the APR countries, primarily from Japan and the Republic of Korea, to the European Union through the VMTP, as well as in the opposite direction on a similar route. FESCO is also ready to provide its rolling stock, containers and terminals.
Transit multimodal service from Asia-Pacific countries to Europe through the Far East significantly reduces the delivery time in comparison with traditional sea routes or a transit through China.

FESCO accepts Chinese Yuan from customers as businesses seek ways of coping with international sanctions following Russia's invasion of Ukraine. It also offers, "various alternative options of payment" for Euro and US Dollar transactions through sanctioned lenders, including banks. This is a concrete example of how Russian companies are exploring workarounds with emerging market allies, especially China. The majority of FESCO's trade is in the Russian Far East and contributes to growing trade between Russia and Asian countries.
Hamburg logistics provider HOYER has just signed a cooperation agreement with FESCO for liquid tank transport operations which will add up to a considerable expansion of its intermodal transport solutions on the Russian market.
The new alliance will allow the two partners to offer joint intelligent logistics solutions for the petrochemical industry both within Russia and throughout the world. This enables HOYER to extend its areas of business in Russia. ?lexey Grom, FESCO first vice-president for group transportation, believes the deal will bring improvements to railway infrastructure which will make it easier to offer a superior service, which is one of the keys to success for both companies.
As a result of their cooperation, HOYER and FESCO will be excellently placed in strategic terms for the growing Russian market. In addition, both companies are confident that the deal will enhance their respective positions in the market, while also offering cost benefits and extending their transport network.
T42 already has an agreement with ICL the Israeli chemicals company through which it's products have been adapted to suit the bulk carrier industry. Let's hope this new alliance will provide further opportunities.

In the first half of 2022, FESCO Transportation Group increased foreign trade cargo transportation via the Far East ports from 110,000 to 131,000 TEU. “Exports from the Far East ports of Russia to the countries of the Asia-Pacific Region rose by 21 per cent, while imports increased by 18 per cent” comments German Maslov, vice-president of the Logistics Division of FESCO. The growth was demonstrated by the China Express, Korea Express and Japan Trans Siberia Line, but also and most particularly by its new Vietnam Direct Line.
This service was launched in May 2022. As of the beginning of August, FESCO ships involved in the new service made four voyages and transported 2,050 TEU of export cargo and 2,200 TEU of import cargo. FESCO plans to launch new multimodal routes between Vladivostok and Indonesia, India, Taiwan and other countries of South-East Asia.
CVD is an asset that has only increased in importance since the outbreak of the war in Ukraine, as trade between Russia and its eastern markets increased. The potential for development of the Far Eastern port lies in the ability to extend long-distance connections to Japan and South Korea by short sea freight. At the same time, the port’s cargo can enter China directly from the east coast, providing an alternative to dangerous goods such as lithium batteries, which are banned by Chinese railways. FESCO's Turnover increased to $1.3 Billion in December 2021 and they posted record volumes of cargo transhipment in (CPV). They also signed a strategic cooperation agreement with DP World Russia to further develop projects at DPV.
They appear to be a very ambitious and energetic Logistics enterprise and are one of the prime movers of goods across the whole of Russia. If t42 are involved in discussions regarding their intentions to digitalise the whole of their operation then some of our other product offerings should be of interest to them. The fact that we've already successfully completed a pilot project with them should hopefully place us in a very strong position in this regard.

The recent tweet by t42 looks as though it may have more substance attached to it than many of us initially envisaged.
Dalreftrans' is a subsidiary of FESCO. It should also be said that FESCO is the ONLY company in Russia capable of uniting all of the links in the intermodal transportation value chain for cargo transportation.
Just to put a little more perspective on this announcement. It will have increased its fleet of reefer containers to 4000 by the end of Summer 2022. Dalreftrans is Russia’s only operator of reefer containers involving it’s own rolling stock. FESCO is one of Russia’s leading transportation and logistics companies with operations in ports, rail, integrated logistics and shipping business. They provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain. FESCO controls the commercial port of Vladivostok(CVD) ,rail operators Transgarant and Dalreftrans. Operator of container platforms Russkaya Troyka,dry terminal facilities in Novosibirsk, Khabarovsk and Tomsk. FESCO operates over 100,000 containers and about 9,000. container platforms and has a fleet of 21 vessels deployed primarily on it’s own sea services lines.
It’s entirely feasible this is one of the pilot projects alluded to in the last trading update.. This group has its tentacles all over Russia and is involved in most aspects of Russian transportation. It would be extremely pleasing if other products within t42’s group were utilised by other companies within the FESCO group and should help to increase the company’s exposure within Russia and also amongst its other trading partners.
Whilst undertaking some research on Dalreftrans I came across this video recorded just over 9 months ago with FESCO Transport Group, their holding company. It's worth listening to in relation to their future plans, how they intend to become a Eurasian company, the fact that 90% of their business is derived from intermodal transport and how they intend to digitalise their future operations, all of which could be good news for t42. https://bit.ly/3BfBSkP
FESCO operates CVD which has proven to be a driver for growth of their multimodal transport, with a 19 per cent year-on-year increase this first half year. It was the transloading hub for cargo to and from China, Japan, Korea, and most recently Vietnam.

This is his new position:
Pmovel - Gestão de Jornada logo
Commercial Director - LATAM Commercial Director - LATAM
Pmovel - Gestão de Jornada · Full-time Pmovel - Gestão de Jornada · Full-time
Jun 2022 - Present · 3 mosJun 2022 - Present · 3 mos
Israel
Pmovel es una solución inteligente, práctica y sencilla para Recursos Humanos que permite la administración de toda la jornada laboral de los empleados de forma rápida y práctica.Pmovel es una solución inteligente, práctica y sencilla para Recursos Humanos que permite la administración de toda la jornada laboral de los empleados de forma rápida y práctica.
Skills: International Sales · Presales · SaaS Sales · Sales Managemen

Below is the profile of Jose Cuperman confirming that he left in May 2022 and he now has a new position at Pmovel
t42 logo
Sales Director and Business Development- Latin America Sales Director and Business Development- Latin America
Starcom Systems · Full-time Starcom Systems · Full-time
May 2016 - May 2022 · 6 yrs 1 mo May 2016 - May 2022 · 6 yrs 1 mo
Israel
• In charge of all Latin American countries including distributors and integrators.
• Responsible for locating new sales channels for the company's hardware and SaaS products.
• Structuring business plans, and marketing plans for penetrating new markets, and sales channels.
• Developing and leading projects with the customer from concept to integration
• Demonstrations and trade show marketing to elevate presence and visibility of products and solutions .
• Managing customer service personnel responsible for my territory.
• Building sales strategy, forecast and yearly goals• In charge of all Latin American countries including distributors and integrators. • Responsible for locating new sales channels for the company's hardware and SaaS products. • Structuring business plans, and marketing plans for penetrating new markets, and sales channels. • Developing and leading projects with the customer from concept to integration • Demonstrations and trade show marketing to elevate presence and visibility of products and solutions . • Managing customer service personnel responsible for my territory. • Building sales strategy, forecast and yearly goals…see more
Skills: Sales Development · SaaS Sales · Sales Management · Exceed Sales Goals · Customer Service Management

For anyone that is unaware, Jose Cuperman who was Sales Director in charge of all Latin American countries including distributors and integrators as well as in charge of Business Development and responsible for locating new sales channels for the companies hardware and SaaS products left Starcom in May2022.
It’s not yet known if anyone has been chosen to replace him. The company may be moving in a different direction in relation to it’s sales systems and processes and hopefully the next trading update will reveal what t42’s plans are in this context

The period of time taken to assess some of these proofs of concept suggests that we may be looking at some potentially substantial contracts and they’re using this time to iron out any issues and to maximise the potential benefits from what is regarded by many in the hi-tech field,as a premium product.
We’re more expensive than many other options and potential customers will want to properly evaluate its features before committing to paying a premium price.
Also,if it’s the AI feature which interests them then I suspect there’s quite a lot of modelling to be undertaken before their expectations are met. This will take some time and this is why we now employ systems integrators whose role it is to adapt the customers IT to enable them to gain maximum benefits from the advanced features our tech provides.Modelling is time consuming but it’s more than likely that there will be more substance to these contracts and customers need to see the final end product before making such a substantial investment.
It’s a game of patience but everything currently appears to be moving in the right direction.Also,the professional contacts recently brought in are of a very high standard but this is what we need to move to the next level as our BOD don’t possess all the necessary attributes. These new contacts will fill in the gaps and allow our BOD to concentrate on R&D to ensure we maintain our current status which is said to be approx 18 months ahead of our closest competitors.

https://twitter.com/glr_1990/status/1519339359274733568?s=21&t=OvekMr2RYfQZyvBdGjtR_g

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

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

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

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.

It’s the potential adoption of our SaaS business model by these developing South American countries which is of particular interest. Imagine the annual impact upon our SaaS revenue stream. It’s a no brainer and something that should work well for these damaged economies which are struggling to get on top of the corruption which is endemic in many of these countries.Clearly a win/win situation for all interested parties

According to Uri, we have TAPA-TSR certification so draw your own conclusions from that and follow the dots