Source - Alliance News

t42 IoT Tracking Solutions PLC on Friday said it will collaborate with Sateliot IOT Services on satellite-based maritime tracking.

Shares in t42 jumped 34% to 4.02 pence each in London on Friday morning.

t42 is a Jersey-based firm which provides tracking, security, and monitoring solutions for the global supply chain, logistics, container, and freight market. Based in Barcelona, Sateliot IOT Services operates a low-earth orbit 5G internet of things satellite constellation.

t42 said it will incorporate 5G-IoT communication modules into its existing and future devices deployed in containers for its more than 50 logistics partners around the world. This will connect them to Sateliot’s satellites to eliminate ‘the problem of lack of coverage on the high seas,’ it explained.

‘This will ensure secure control of merchandise at all times, as these modules monitor location, acceleration, temperature, humidity, impacts, tilt, light conditions, and container damage, among other parameters, providing intelligent detection of these variables anytime, anywhere,’ said t42.

t42 Chief Executive Officer Avi Hartmann said: ‘It is unbelievable what a small hardware investment can represent for the industry’s performance overall. This change has come to stay; there’s no doubt about it and t42 has positioned itself to be a leader in this change over the next few years.’

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