t42 IoT Tracking Solutions PLC - Jersey-based real-time tracking, security, and monitoring solutions provider - Receives first commercial order for t42’s sensor fusion based tracking solutions and cloud platform services. The initial order is for 500 units and was made by an unnamed ‘Latin American consortium of five leading local companies’. t42 expects that further devices will be ordered for use at additional ports across Latin America.

Chief Executive Avi Hartmann says: ‘The underlying driver of demand for our tracking and monitoring solutions and services is customers’ need for greater security and real-time data about the condition and movement of their containers. This is heightened by the current disruption to global supply chains. Our customers operating at ports choose us because of their need both for enhanced security and increased efficiency.’

Current stock price: 11.50 pence each, up 2.2% on Wednesday

12-month change: up 60%

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